Member Info for gotabesirius

Haha are you for real. They'll know exactly who's happy with current situation and who's looking to sell. Investor Relations is key department in FTSE companies.

Why would directors buy if they new major shareholders were looking to offload??

Is this new? Not on vox so would be great to hear summary? Thanks

Many thanks

Guys those revenue figures are amazing. Anyone have any links to there source? Was this in a broker note? Thanks

Commissioning has begun!!

Note jkx has 10% of one of Ukraine's largest gas producers (UNB) who could easily be valued at $300m given they've just reported annual profit of over $50. That covers half of jkx's current market cap...so 9000 boepd and p2 reserves of almost 100m boe and you begin to get an idea of the upside here. I wonder if UNB fancy a market listing....

Ps expect an RNS tomorrow...

Very true. Cash position here is key hence the valuation of over £100m

It's a good point but having major p2 reserves and monetising these reserves profitability is another matter. For example look at JKX next door to rpt in Ukraine. They have production (with Russian assets) approaching 9,000 bopd with limited debt and p2 reserves of 90 million barrels equivalent and are valued at £50m. Go figure!

Debt position is not $60m!

What was it previously? Cheers

Jan 2019 will see cash position of over $50m and production of up to 4,000 boepd. Extremely cheap at current levels. 50p would be more in line

Major uplift in production. Huge news

Ill go for 200 boepd which would be a massive success.

Would expect one later today

Good post

Welcome, do you have a link to that report? Thanks

In a fortnight

I was told from the horses mouth that the company only had enough funds at the time to secure just enough reserves to get a workable DFS. It is a given that the remaining 60% of the area contain significant reserves which he believed would extend the lom to 20 years plus....factor that into a revised DFS and your Npv will be? By which time the share price is multiples higher and the opportunity for us bottom feeders is missed!! Really appreciate your view but I think the fact that the DFS is now 7 years out of date with the purpose of the DFS already expired (funding). Additional factors now need to be considered such as ORM's €1m per annum for running the show and position within the commodity cycle (trending higher instead of lower)

Also only computes 223k tonnes per annum rather than the increased 260k stated in recent company communications. If you run 223k tonnes into my workings you'll find they are just about spot on!