Member Info for Guly

Strategic alternatives

Given the recent share price performance, the Company's Board and senior management are investigating a range of strategic options, including appointing a top tier investment bank to find strategic industry partners who have expertise in helping us unlock our significant gas reserves through fracking.

Added to my position, rude not to. Gla

Ignore the noise as usual

The deranged deramper has been spouting rubbish since under 10p, and sane again when we're over 30p, 40p etc lol

Nothing goes up in a straight line, all in good time.

Daily chart pointing to 34p first stop, technical breakout in motion.

Oh dear someone's in deep with an open short. Oh dear oh dear this won't end well.

Ignore previous

Mr deramper please explain to us what the net current position is, ie less than 12 months.

Total non-current assets

125,160,711 (Inventory, receivables and cash)

Total current liabilities

30,130,487

Work out the difference between the two and hey presto

Mr deramper please explain to us what the net current position is, ie less than 12 months.

Total non-current assets

1,259,311,477 (Inventory, receivables and cash)

Total current liabilities

30,130,487

Work out the difference between the two and hey presto

So $95m headroom plus cash generation in the current yr.

Please explain to us all what the net current position is as opposed to to the long term debt, big difference between the two. Current obligations (less than one yr) we are due net $95m. The long term debt on the other hand which is many years away from maturity is irrelevant at this stage.

I'll answer that for you, likely caught with his pants down shorting.

Why are you here JW? Surely you have better things to do with your time?

How much is a profitable, cash generating business with 1.9TCF gas asset worth. An awful lot especially now they are considering strategic options to expand production further through fracking. This could uplift production many times over. Easily worth 100p on current fundamentals but could get back to previous highs of over 400p over time as production grows.

Long term debt maturity is many years away.

Jog on

Total current liability $30m

Total current asset $125m

Debt - long term and with related party

More than 85% net margin on sale on sales of $43m this yr before take and pay.

Nets assets AFTER all liabilities more than 10 times current valuation

Jog on 100p soon

The Company provides the following update to shareholders:

Recent share price performance

Following the recent significant decline in the Company's share price, the Company notes that the share price has now stabilised, but the Board believes that it is in no way reflective of the Company's underlying long term value.

Financial & operational update

The Company expects to report its audited annual results for the year ended 31 March 2024 during September 2024. Based on management accounts, which haven't yet been subject to audit, the Company expects to report revenue of at least US$42.86m for the year end 31 March 2024. This is before the Company has had discussions about take or pay.

The Company has recently been in receipt of a technical report commissioned by the operator and prepared by the Gujarat Energy Research and Management Institute (GERMI) which reports 2P reserves, estimated to be commercially recoverable from the PSC under the intended development plan, across the SGL, SSF and SSG fields of, in aggregate, approximately 1.9 TCF (split 1,430 BCF across the SSF & SSG fields, and 440 BCF across the SGL field). Reserves reported are gross, calculated according to PRMS guidelines and with an effective date of 1 April 2024.

Strategic alternatives

Given the recent share price performance, the Company's Board and senior management are investigating a range of strategic options, including appointing a top tier investment bank to find strategic industry partners who have expertise in helping us unlock our significant gas reserves through fracking.

The Company looks forward to updating the market further in the future.

Strategic alternatives

Given the recent share price performance, the Company's Board and senior management are investigating a range of strategic options, including appointing a top tier investment bank to find strategic industry partners who have expertise in helping us unlock our significant gas reserves through fracking.

The Company looks forward to updating the market further in the future.

Net assets all that matter. Deferred tax, what a joke. Do you even know what that is honestly.

Wow some posters on here are either deliberately misleading or cannot read a balance sheet to save their lives. Net assets are more than 10 times current valuation, debt is easily serviced from significant ongoing profitability and free cash flow. The company is literally sitting on a gold mine, 2 TCF asset with huge opportunities to grow production further which they are currently evaluating. P/E less than 1 is absurd, should be between 5-8. Can see 100p within a month, even then it would be undervalued on fundamentals.