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Cheers Tony. That is helpful.

Hi Tony / Value your input here. Where do you source the info that we only produce 1300 Actual Barrels of Oil ? Yes we do have 12 Products in the mix and 41% Liquids / and Majid stated “We do need to get more Oil Online”.
Happy to be in Gas anyway tbf as that is the route Rockrose went and retained Value via their Gas Exposure. We need that gas !!

I raised this Point previous. If no New Investor then Raise at 5p and Alchemy May as well T/O at 15p ? Attract a New Institution and then that would allow them to raise the ceiling to 8p and then go from there. Raising at 8p also protects Alchemy original Investment / keeps Utley happy and also keeps Alchemy at 29.95%. It’s the only way. Then future SP Growth can come on re introduction of Dividend.
I think their ultimate Goal is to achieve 50% Distribution from Bottom line Profits ?
8p was always my Equity Raise Goal and that must mean another Institution. We shall see.

ITE (I3E) on Canada TSX Index finished up. Value 9.2p.

Sinopec handily placed in North Sea. Await FID on Tain. Q2 could be a bonanza. Play the music.

2015 Oil Imports of 6.7mbopd. By 2019 it was over 10m !! Japan do not do to well either trying to find their own Oil. There will be others. I’m telling you. The World Oil Reserves are not a slam dunk. Nothing is as reliable as Oil. If it was. It would be in China now / filling the Gap.

Yes. The Carbon capture is a Point that needs raising Tony. For sure.

I just think if the World produces 100mbopd now. In 2035 with Exploration bans and the saving on Capex / it is not beyond realms of possibility to go 70mbopd / preserve easy access Reservoirs and use clean energy to fill the gap. Wind farms don’t turn on a calm day and solar is not 100% effective (I will research more).
I’m also looking into Batteries and wondering if they will dump them down disused Oil Well holes ? And they send the Wind Turbine Blades to landfill after 20years. You start to wonder how Green anything is ?
However we must burn less Oil. For certain. At the moment we simply cannot !! What does that tell you ?

Well. They got 10 years to find that way.

Good You Tube Post Tony. All Cars go electric. Q I ask myself is how are we going to produce the electric ? The electric demand will literally go through the roof. The Security and Reliability under all Weather conditions and availability of Electricity is not something we can underestimate. France answer is Nuclear.
You know my opinion re the need to Diversify Energy source is more to do with World Reserves lower than Reported rather than the Green Agenda. The former is driving the Green Agenda. We have 30 years and then Oil would struggle to meet demand / at the same time as heating up the Planet - which it is.

Tony my friend. I am untrusting of others by nature. Re Mirabauds Valuation / More Qualified as it may be / I haven’t met one Broker that published what their accuracy Rate is v Actual Outcome.
I am being Conservative because that’s my bottom line.

Even I (Not a Tony Montana fan - given his “put on” tired looking last Video explaining Due Diligence re AE with a brush of paint) think that’s a bit harsh Completelynew. TM would point towards the need to survive at a time where Global World literally Stopped and Costs would remain / thus the Vultures hold their cash back. Also Copper price isn’t what it is today peeps.

Yes JAdam. But I am talking about 9 Wells not previously factored in as per RNS.

So can we find 9 more Noel Well’s please ? Crack on.

What is more. Does anyone on here doubt the Integrity of the BOD’s intension and ability re acreage to surpass and hold 14000 boepd ?
If this is to be / and based on the Noel Well contribution of £10m to the MCap / then even if we attribute £5m per 500 boepd New Well then this could see MCap base level establish New Level at Circa £90-£100m. Obvs we have to Factor in maintaining Reserve Life Index wand various / which is why I go £5m per 500.

Good shout that Dshox re need to dilute AE.

Yes Tony. Sorry I thought you meant Capex involved in New Wells attached to growth.
My basic Calculation of 1 Well at 500 bopd x conservative 6 years generates £22m in cash to 1 Shareholder. Add one year of production to cover Installation and then maintenance Capex.

If you take what happened to the SP / The Market added £10m of Value attributed to it ? I believe the SP is behaving as such as only attributing the Noel Well - So plenty of Upside in both that Well / Future Wells and the sum of all the parts. IMO.

Incidentally. If you had just 1 x 500 bopd Well in the Back Garden ? and sold all as Oil at Spot Price what would you hope to gain in Returns ? Depends on Reserve Life / so let’s say a short 6 years. Minus Royalties. (and of course Noel is boepd and not bopd - but you get the picture).

Re the Capex Tony / Really they only spend it if it adds Value (and in the Short to Medium Term) and thus forecast to reduce the B/E figure you suggest. (We would hope of course). This is like a Bank now. If you are a SH / you are going to get Paid out. The Noel Well was impressive IMO and step by step they will let the Value grow. Steady away.

Fact is Piohc1 someone was paying more bucks for a Share of the Company.