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SQZ 3000 bopd, 3mmboe reserves, mcap £75mn dcog 4 times the production and 20 times the reserves DYOR

ELA - less than half the DGOC's production, less cash, smaller margins half the reserves. more debt. valued higher!!

OPHIR energy production 11000bopd. same as dgoc. mcap? 5 times more than here. cheap cheap

Follow the smart money. I could talk to myself here all day.

Profit was $22mn which supports the current cap but dgoc have since upped production 161% and lowered cost per barrel. $22mn times just 160% is equiv of £44mn profit. P/e 10 that's nearly 4.5 times the current market cap with very little risk. And the other deals are being lined up. And a bi annual divi No better value on aim right now

Looks like ii's been loading up. Those aren't PI trades.

11000 Boepd, 50 year well life, 60+ mmboe and a cap of sub£100mn? No brainier

i have been monitoring PMG and its getting close to a buy figure for me but do you really think this is so undervalued? maybe on paper but the market dictates. a good comparable to this is SQZ. pumps out more, has similar cash and similar reserves. valuation is close ish. but then you look at the likes of PVR. more cash, more reserves, bigger prospects but no cash flow. valued at twice as much. Aim needs activity. the SP's are underpinned to some extent with cash and reserves but the market demands proof of potential growth. Where are PMG next drilling for example? A similar look at SQZ performance.... yes they are cash generative, yes they have reserves but where to from here? wheres the cash going to go? there production is in decline until they bring other fields on line or add another asset and the SP reflects this. same for PMG. its fine having cash and producing and having proven oil fields but where is the next stage of growth from? without drilling plans it has to come from acquisitions and they cost money and they can be duff too. Like athena! PMG need to firm up some development plans, drilling plans or something

very interesting post. not going to disagree or suggest you are incorrect... you may well be spot on... however, interesting you chose today to post that as the top dog at goldman sachs has today said the exact opposite. Like I say no opinion from me. good luck

http://www.proactiveinvestors.com/companies/news/39240/ithaca-energy-forecasts-net-production-of-6000-6700-boepd-for-2013-39240.html?utm_source=dlvr.it&utm_medium=twitter

so its fact that athena is limited and this affects companies value? bordering on libel maybe IAE would like to hear your facts about athena?

lets call that firehose and jolly are correct. we talk about other companies trading at a discount? show one ... juts one aim oiler producing 1750 bopd with a cap anywhere near as low as trap? MOG? 900 BOPD CAP?? BRDG 1200bopd CAP? RRL? CAP?

limited life of Athena? tell us how limited that is? am interested to learn?

7 months old LOL. that article was form before TRAP negotitated an even better deal on athena! ha ha

1750 bopd? spudding scotney? trent east acquisition completion? talk it down to your re entry fella. lol strong steady hold for me. always has been. there is simply no other aim oiler prducing 1750 bopd with a cap anywhere near as low as TRAP.

lmao.

production funds for growth. vast majortiy of TRAP wells are carries or part carries. there costs are minimal. if they find another 200ft on magnolia next up then all smiles before crazy horse big drill.

bit of down whole issues but its a good disco. look at the pre drill volumes and its yet another result for trap. another result for trap never the less. there is no other aim oiler that produces 1750 bopd and is capped this low and also has numerous discoveries.... also correct if wrong but romeo is a free carry to production so this disco wont cost trap anything until its flowing.

18.50 - 18.75 (GBX) at 14:22:58 on Market (LSE)

oil discovery! 200ft pay