Member Info for hedgeman

Anything wrong with this?

Boepd is c. 11,000 (without Arran)
Cash per boepd at $76 price is c. $32 (cost boepd, pre decommissioning c. $44?)
RRE generating c. 11,000 x $32 x 365 = $128m pa =c. £100m
Set aside 25% for decommissioning/down time? =say £75mpa
Some capex spend to come off - but that's probably more growth
vs current m.cap of £87m (of which significant chunk is cash anyway)
Shares worth 1600+ , i.e 3x current market cap NOW?? Then add in Arran / other growth / deals?

ADL and UOG both dropped today - they have Colter in common ... any thoughts?

Wouldn't be surprised to see this bought out given level of resource and current market cap.... another miner with expertise and financing capacity for the DMS could snap this up and make substantial returns v quickly....could be generating $10m+ revenue per month with dms.... note recent board appointment brought in corporate transaction expertise too.....

Mr Golding has over 20 years' of corporate and project finance experience during which time he has advised on in excess of 50 transactions in the mining industry.

https://cube.investments/rockrose-energy-if-carlsburg-did-acquisition-updates/

Agree with this, got to be worth £10 per share in short order

Broker target 15p... that was with nickel bit higher than current price....BUT Vermehlo only at cost.... Vermehlo potentially huge.

Bids are going to come ....!

My focus has been trinidad. Assuming licence approved.... what's next with Ireland...possible timing?

A penny here off there on this stock is useful but not the big picture. If the 2 trinidad test wells flow at 300 bopd or more on the estimated co2 volume and at current or higher wit oil price then thus is worth multiples..... 6 or 7p average won't matter.

What's the view on Ireland and what the most likely news flow will be next and what value it will present?

BFS in Oct shortly to be followed by offtake agreements and financing.....SP will quickly follow.. 10p by Dec....OR v likely to be bought out by one of large shareholders post BFS...or large increase in stake.....BFS gives them their licence to buy. They'll also do it soon....or pay more later if higher nickel prices. SP x2 by Dec one way or the other!

Debate (and vote!) has been had. CW is CEO....doesn't matter how much you go on about it. Down to CW and PA now to work a plan over the coming days, weeks ....legals, get better/more technical operational expertise into the business, prioritise the assets, sort out the contractors....etc. 4 properties, multiple opportunities, potentislly v.significant oil reserves, some yet to be announced?.... lot to play for at a lowly market cap.

Positive news on route to break even bopd got to be worth 0.6p at least given further potential.

BoD have stated no need of placing given cash and option to sell investments if necessary.

I'd like to think that if the Board have anything about them at all and assuming they survive, they will make it their mission to prove me and all those criticising them wrong by getting the value of this business back up towards 1p per share in short order by working v hard and critically v smart.

I also hope that they will start tomorrow by providing robust confidence in the finances (confirming no placing required...with reasons) and the quality and potential of the assets.

Funny coincidence... polls said Remain were at about 53% on eve of Brexit vote...in the end the vote was out....

If it's remain I do hope the CEO takes the chance to redeem his reputation

Look what we need here is a competent BoD with an experienced oil industry CEO to take Mayan forwards. Shareholders must make up their own minds if they can see any hard evidence or prior performance that suggest the current BoD are able to deliver.

Helpful, your post at 12.14 'fingers crossed' ....is that part of the plan?

How can you defend the current lot? How have the current BoD got the business into a situation where it cannot access a significant proportion of its assets....and we have to cross our fingers...sounds like negligence?

Again - v little detail released about this....why's?

Think i prefer stroppy randomer to mate tbh......<br /><br />you raised the point about buying, not me.....as some sort of encouragement to the long suffering here.... I just brought it back to the facts.... timing, probably, confidence in interim ceo,etc.... all just words... like I said time for evidence, facts, please.

Think i prefer stroppy randomer to mate tbh......<br /><br />you raised the point about buying, not me.....as some sort of encouragement to the long suffering here.... I just brought it back to the facts.... timing, probably, confidence in interim ceo,etc.... all just words... like I said time for evidence, facts, please.

Helpful .....note your point below... re opinion of currently running at b/eve output...and follow up to my point...on production stats:-

Present following at or before AGM.....
Detailed information on current and recent production by property/asset, by well... clearly presented, averages post flush, ..... let's see what it shows.... prove its break even or more (I.e. clarity on cost run rates also)...and sustainable.... present the plan and timeline to get to 300 bopd....give the shareholders robust, believable information.....this should not be too tough an assignment for the interim CEO given his years of involvement with the business. Provide clarity re tge cash position and no need for a placing. Do this and the BoD can buy some time..... Unfortunately the RNS today suggests none of this is known ....how can that be.....just how can that be....? If I'm wrong then PA and CW can clarify at AGM with the above.....and we'll all be absolutely delighted.....at the end of the day I presume we all want same thing....but words, promises and wishlists will not cut it.... BoD needs to present facts, evidence, clear stats, robust plans.

No need to be rude ....mate.

With regards to you telling me anything I note you certainly didn't bother to tell me anything about the appalling management of the business I put to you yesterday.

As you didnt quite get it....I was merely making the point ..... average bopd .....pretty important figure don't you think... worthy of having been clearly reported in the half year report....possibly even by asset... or well....by month....too difficult? If i missed it maybe you could point me to the relevant paragraph that shows the succinct summary.

Anyway look, happy to be proved wrong and for all to be pleasantly revealed Thursday... btw... I think you'll find I know exactly how this works.

....and I have to say.... not buying now....PROBABLY in a couple of weeks..... big vote of confidence in the interim CEO!?

Helpful, i know you were concerned about production ceasing while board changes are made....which i see no reason for at all.

But given your concern i presume you therefore know and can advise what the CURRENT bopd is..... that's not the flush barrels over a 6 hour period pro rata, or suchlike...but lets say average bopd across all the assets over the last week.... if you can't provide this can you confirm the new chair will provide at AGM?

Brokers can and will be flexible about getting a letter of representation to vote.... ring them and tell them you want to register a vote against the directors' reelection and see what they can do.

If they announce any sort of decent production from test wells in Q1 with in budget co2 volumes then it will rocket...20p+ imo..... therefore expect it to move up in anticipation given last rns.