Member Info for hedgeman

Agree, been no recognition of Vietnam. Big op at sub 30p, improved debt / BS, oil higher for longer, Vietnam FO to come.

Physical crude markets are flashing stress signals that paper markets have so far largely ignored. Omani crude – exported from a terminal outside the Strait of Hormuz – is trading at a record premium of $51 a barrel to Brent, compared with an average of just 75 cents in February, pushing the outright price to around $150 a barrel for May loading. A similar pattern is playing out elsewhere. Cash premiums for Dubai crude jumped to $56 a barrel on Monday from an average of 90 cents in February

How much of Temaris will they hang on to and what will the Temaris farm out terms be ... thats the big qu here.

Https://x.com/i/status/2029860298581233712

How come they are only now commissioning a CPR for Vietnam PSC licenses to establish prospective resources??

Surely this is fundamental to getting the best farm out deal?

Yep Deeko, the numbers simply say it should move much higher

Https://x.com/i/status/2021178087744917849

Net debt c. £65m in early January after settlement of December lifting .. balance sheet continues to strengthen.

Temaris value?...

Gas price to be achieved c. $35 - $40 per boe?

Under small psc about half of price accrues to operator post tax and given low opex for unmanned platform .. say c. $17 to $20 net?

Capex at $6per boe

So boe cash value $10 to $13(conservatively?).

46mm boe 2c, assume c. 35mm recoverable ?

Undiscounted project value $350mm ++?!

Sufficient prospective resources (Temaris) to encourage a good farm out/"free" carry.

Feel free to challenge, bring numbers down.. or up ..

No reason why this shouldn't move to 100p now

Big move in Canada this eve .. on high volume .. someone knows

Reabold aint building a 30 MW gas‑powered AI compute centre....

.. youre talking £ hundreds of millions???

Exactly David,

This move has substance and is underpinned ..

The CS approval is tangible progress towards a revenue stream.

The significant stake taken by Oza IS big, a SharkTank investor with proven history.

And the vehicle used "Crypto Cousins LLC" gives clear indication of his thinking as to where the value is.

They will need funds for the well stimulation but there are other options rather than a placing.

They can do something creative with their stake in WN.

I would be very much against selling any of Kryptobyte as if this model is executed all the cash, profit will end up in this company.

Reabold (currently) owns 100% of Kryptobyte

What is the court case?

Daybreak is worthless?!

A few thoughts ... what could it be worth??

- WN pre tax npv¹⁰ stated previously as c. $224m.

- Potential multiple WNs on licence!

- Rohan Oza US shark tank investor takes stake .. track record of huge gains on investments.

- Business model to generate electricity for crypto mining and/or Data Centres at source on WN proven in US

- Business model is v highly valued in US, even pre revenue.

- Business model facilitates avoidance of O&G taxes?!

- CS permit approval granted .. route to cash gen in 2027.

If they execute might just be a multi multi bagger from here?!

Even if you value SEA at $1 per boe discovered resources .. then for Dewa and Temaris you have a base value of c. $64m vs current mcap of c.£40m.

Move these assets to approved FDP status and you can double to triple that valuation given reasonable estinates of capex per boe.

Without any value attached to Kertang or new deals/licences.

Cash should cover the business overheads through to FDP... if not then no more than a small raise should be required until some form of farm out monetisation.

Why I've added yet more in the 60s.

Thoughts??

Dyor.

My understanding .. from Sacha .. is that Kryptobyte is 100% owned by Reabold

Its not straight forward.

Venezuelan heavy oil is expensive to produce and there is huge investment required in infrastructure to get back to previous production levels... that just aint gonna happen quickly at $60 or less oil.

That's if Venezuela remains stable and the US can actually keep it functioning.