Hello all, not sure what weather charts you guys are looking at but Azores High looks likely to builds into the UK next week.....should improve the weather as the week progresses and the High builds in.....
Holding 10% of UNB which is probably worth 50% of current market cap.......Plus 90million boe in reserves, none of which is Incorporated into current valuation!
As of December 31 cash plus inventory of $23m with $11m bond liability. Should see another $5m plus added to cash at month end from Q1. Production increasing and costs reducing with new tax incentives coming in.
And look at the market cap of this company for 30% of this project. Remember, this will produce 13% of non Chinese global production once at full tilt...incredible value
If you think this is cheap look at RRE operating in north sea. Producing 11k boepd with circa $120m cash, just had a big increase in reserves and lifespan of assets and market cap of £93m.....now that's cheap