Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
It is a 0.3 percent dilution , at just over a penny 200 million odd shares are worth around £2 m . Ukog are drilling and pumping oil at horse hill. SS looks very optimistic the horizontals wells will deliver . sCc planning has come through with no issues despite the environmentalists. I think all to play for over the next 2 months . It could be a broad ford bridge disaster, but I really doubt it . I keep hearing that the shares are only worth 0.6p but if the wells deliver this figure Is silly. Come on SS deliver!
Great RNS and SCC final planning released with no issues.. Super!
https://contrarianinvestor.net/posts/2019/9/30/ukog-update-september-30th-2019
An article which explains the SRB, MREL and BRRD and the reasons behind the £250 million bond offer and its failure. An interesting day for traders with the Elliott and Sunday Times story. RNS today perhaps to confirm or otherwise? Read more at https://contrarianinvestor.net/posts/2019/9/30/is-the-bank-of-england-behind-the-metro-bank-chaos
Yes the weaknesses are question marks, strengths are largely confirmed as facts. 400- 3500 bopd over the next 20 years is both a strength and a weakness - strong financial visibility for the long term and a major uk onshore site but of course not the same as a offshore prospect and not the same risk profile . Despite all the analysis on ************* articles etc I think UKoG is a good bet at 1.15p
Thanks for your thoughts on the swot. I try to be balanced and I am an investor in UKoG. Such pieces of work like the sWot and financial analysis enable me to stress test my investment decision to check whether I’ve missed anything eg risks That are significant . It always gives me confidence that 2-3 p looks reasonable this year even if YA. Witn 6.5 billion shares, 10p plus isn’t going to happen in the short term.
?With the spud of the HH-2 vertical well immininent, check out the strengths, weaknesses, ops and threats of ukog https://contrarianinvestor.squarespace.com/posts/2019/9/29/ukog-swot-analysis-investment-fodder-or-stupid-waste-of-time?
Positive picture I would say.
Hi Wizard125, Flows as you say can be strong. The issue is the tanker limit on the planning. Even if the Horse Hills wells flow over 3500 bopd, the max allowed during the first 4 months of production is 16 tankers in and out. It will be interesting. Some commentators say there is a potential problem with gas. I'm not sure about that issue. For certain HH is on the sweet spot fracture, as for the rest of the Weald I'm not sure. Broadford Bridge was a disaster and I'm glad UKOG are not focusing on HH in terms of investment. LEave BB well alone for a while please UKOG. Spud news soon.
More financial analysis for UKOG valuation NPV 10 of £156 million, compared with £70 million market cap. https://contrarianinvestor.net/posts/2019/9/26what-is-ukog-worth-part-2
That's why I have 4-5 million shares!
Can anyone send me the article Expose: UK Oil & Gas - What's the latest on the "Gatwick Gusher"? What is it actually worth? I want to check the numbers that Shareprohets are using and the author won't provide. email me at contrarianinvestorUK@gmail.com
So during phase 3 drilling, 4 months of 32 tankers a day (3500 barrels of oil), 24 months of 24 tanker a day (2640 bopd), 48 months at 16 tankers a day (1760 bopd), 60 months at 8 tankers a day (880 bopd), 104 months at 4 tankers a day (440 bopd). Even at 440 bopd in 20 years time HH will produce $15,000 a day of net income according to the SCC planning doc
Stop deramping. At full production at HH, 3500 bopd, £35 million revenue is ludicrously cheap against current market cap of £70 million with no bank debt and assets such as IOW etc. 2 x revenues, is not over valued if the wells come on stream as planned!
From my recent review article on I3E "The shares rallied yesterday around 22p from a 52 week low of 20p, from an oversold level. Certainly at such a low level, I3E looks an interesting if not risk free prospect. Is the COS for Serenity really 72% or less? It is still an appraisal well, not an exploration well. The risk/reward is interesting for sure at these sort of levels. I’m keeping an open mind on this one, given the drilling issues at Liberator but funding for the field development looks to have been sorted after previous farm in arrangements with a third party were terminated." See the article https://contrarianinvestor.net/posts/2019/9/25/well-result-key-for-i3-energy-in-october-2019