Member Info for Fastfood

To Clarify. I am talking T/O after next 12/24 Months. Not in the immediate 12 Months. Once the Assets are providing Data over a Full Annual Period / then T/O potential rises imo.

With all the M&A activity forecast next 12/24 month ; is it the case that i3 are positioning themselves as a more and more attractive proposition re T/O Target / Given that we all perceive we are Undervalued ? Majid can then go back to Financing and Graham into Owning a string of Nightclubs ?

Graham stated this in recent Pro Active. That means 2021 Cashflow $32.4m. 2022 Cashflow $32m to $35m Cashflow. Locking in the Dividend. $2m per Quarter fits in with 25% of Quarterly Cashflow.

Yes. Still await FID.

Of course it will be Repsol. Why do you think we Drilled on the Edges at Liberator also ? Answer / Because we De Risked it for them.

Due to 15 or so month Pandemic / Creates a time lag re various FID for obvs reasons. What Majid says to PI’s v Actual ; are 2 different things. I3 have Never hit a Timeline yet.

Drilling of Wells requires FID. No FID announced yet but it was scheduled for Q2. I expect late Q3 at the earliest or Q4 before FID is publicised.

Maestro. Repsol have not yet announced any Well Drilling for Tain ? Or have I missed something ?

Should the SP shoot 20% to break 11p then this is a clear sign that the Market Makers are on the edge. PI’s Sell a few. Market Makers move up the bottom line. RNS release occurs with Positive Update and so PI who sold can only enter in at a Higher Entry Point thereafter. All by design.

I had scheduled my High of $72 a barrel by AUG. Interesting couple of Months ahead.

I don’t know what all the Fuss is about re the SP. It’s basically on a upward straight line trajectory on the charts. The BOD have grown the opportunity to get to 12-15000 boepd / whilst protecting reserves overall by deals done. They are yet to deliver on Actual New Well Results but Noel Well and others will soon demonstrate performance.
Re Tain. I suspect the Tain Development (If it goes ahead at all ?) will have FID delayed by up to 12 month due to onset of Pandemic crashing oil development during that time. For then same reason it takes time and you’d say more likely that a Project of its Nature Does at some point go ahead when Economic Activity rises the Final 20%.
The Market Makers are fully patched in to the Timeline of Tain and will not make any mistake there.
The Company’s SP will be dictated by their ability to generate Cash at the Bank. Simple as that.
Hello to $72 a barrel.

Correct Moses. They know the Timelines. They are in a period of Growing their Book. Outside money is marked and they pool that against Demand of new outside money. Then the Spike / That’s when you know. A Spike is nothing more than a clear sign that Outside demand is eating into their pool. Simple maths. You’ll never see it coming.

TSX down 3% lol. Something is happening here with the Market Makers. They know the Timelines. It is all corrupt. Simply.

By Definition a very Astute Strategy. Hedge your current Production to secure the Dividend and then bring near Term New future Production online.

TSX dropped off at the close. What a Crock.

I am saying that the Company will always need future Leverage to raise New Funds to stay in the game should Opportunity arise. Drilling Oil is not cheap. If Majid bought a load of Shares / then I am saying that Share Buy Backs would then be a possibility. If Majid does not Buy in / then they will always keep Leverage in the drawer / and not the bottom drawer either.

Well. Maybe if Majid buys in heavily / Then and only then / Will I entertain the possibility of Share Buy Backs. Do the math.

Absolutely No Way Hose will this BOD do Share Buy Backs. Nice one though Majid. Gets people speculating.

Brent just Topped $70. Testing my High of $72. My range has always been $64-$72. Happy to be wrong regard the High.

All the way down to 8p. I am usually wrong when it’s on the downhill by about 20%. So we could see around 6.5p based on that weak theory.