Member Info for ericnat17

quick question.

on L2 it appears that most of the sells in the last few hours have been repeated within a few seconds (doubled up). you can see the trades on here and also on ADFVN.

Does anybody have any explanation?

Trumps trade war talk killing the Oil Price. He wants the price down one way or another. We need this deal to go through pretty sharpish please Mr Parsons.

Thanks for posting KTF

Got to say it can be read in anyway. But let’s face it it would not be the sound BB without a difference of opinion.

IMHO the reply is meant to be be non conclusive.....

MALCY was ripping into PANR when they the SP was 16p and was less than complementary about Jay. From his commentary you would not have touched it. since then it has been above 16p every single day.....

With a 47.5% share of $2 billion worth of gas.
A market cap of 100 million.
And basically the Moroccan state financial institutions with 29% share of the company, we are not going bust.
We can cut spending by a massive amount and have a small raise that would last us 2 more years.
We have fulfilled our obligations on the license.

Interesting reading

https://www.finance-monthly.com/2017/01/valuing-oil-gas-assets-the-complexities-and-key-considerations/

Hi Maldini

Any other titbits from the AGM?

Thanks

As I said a bit of fun.

You can do the NPV if you would like to add more accuracy. But i have not included anything for Sidi or the rest of Tendrara, Use that as an offset and we still end up over 40p share.

Just a bit of fun for a Sunday afternoon.....

I know we have the progressive report but I thought I would put the GSA and the BOOT numbers and the update TE5 production rate together. Now this is a quick Calculation for the new visitors to the BB. And for the LTH please show me where I have gone wrong..

Income

At Brent at $70 dollars a barrel, we will get $8.5 a scf. If the production rate at Horst is 66MScf/day that's 8.5 X 66000 = $561k per Day.
561 X 365 = 204.7 million a year.
10 years production = 2.04 Billion.

Sounds Share 47.5% X 204 billion = 950 Million for the 10 years production

COSTS
Cost for the BOOT is a maximum of 45 million a year, Sounds share is 21 million Per annum.
Other Capex and and Opex lets say sounds share is 21 million per annum. Therefore a total of 42 million a year cost. That gives Sound over 10 years 950 – 420 million = $530 million

$530 converted to Sterling £400million EBITDA.

Gives approx 40p per share. I know the progressive report gives us 25ps, but that does look very conservative.
Also over the 10 years that works out at 240bcf. After the latest bits of info from TE7 and the Seismic, we may have double that recoverable.

As i said just a bit of fun

I can see the point of a FSC, but only after The deal is announced and especially if it a deal with additional payments.

GB i think it was meant as a joke....well that was my take.

and yes 18p could still be fantastic bargain

well there you go

Leaky sound energy......suspension needed

False Market.....this is sound.... suspension needed

I think we are agreeing. I would imagine the Nomad would help determine what gets RNS. It is clear that from the BPC example given. They had been in discussion with several majors for some time. This had not been RNS. Only when they moved to exclusivity did the RNS happen.

So we could be in detailed discussion with several majors and no RNS. The day we go down the exclusivity route or we get an offer then RNS. I would imagine at that point there is a fair chance we will get suspended.

So ultimately it will have the same effect, one day we will wake up to an RNS out of blue, followed by an immediate suspension.

Whether or not NDA need to be RNS is one point. But as per BPC they can be can be in discussion with several majors and not RNS that.

Every discussion does not need a NDA.
And i would imagine that not every NDA requires an RNS.

For example outside contractors work on well site data all the time and determine important price sensitive information such as Net Pay. They will have signed a NDA. Does this NDA get RNS, Nope.

Hi Woode

I posted a BP table earlier that describes it fairly well. I think it yout calculation is based on the volume of the gas compared to a barrel volume. Whereas the BP table is more about the energy ratios. So for every BCF you get approx 170K barrled of oil. So at the Horst thats approx 51 million barrels of oil.

Which is pretty good, but when you consider that it is onshore and we are in a country with zero tax for 10 years, it is even better.

I think that is right but happy to be corrected

"I’ve taken the plunger"

sounds painful, but I suppose it will take your mind of the SP.

big sell order at 11p has gone. Any small bit of good news is welcome.

Thom

one small area of one of the 2 licenses has been calculated to be worth approx. £300million. So it is not hard to see why some posters consider this to be a minimum.

L2

24v22

looks like we have bottomed out

I think Simon D is very aligned with the shareholders, out new chairman has 17 million plus shares.

He will be overseeing any deal and ensuring that Shareholders are treated fairly.