Member Info for highlandmatt

It was asked, why hasn't Mou1 been tested yet. I believe this, as well as the cost of mobilising for just one well, might be the answer. A geologist friend described Mou1 as a 'technical discovery'. Given the location, I suspect that PG always planned Mou1 as a cheap test of concept to see if gas could be detected, otherwise why drill the very edge of the fan? I might be well off, but I think PG didn't want standalone Mou1 results to be underwhelming. Any commercial flow would be a success in my book, given the much better prospects elsewhere in the fan (Mou 2 and 3).

As was pointed out, small exploration companies require cash for drilling. Without income, it's hardly a great leap to say there is a placing coming every few months. Especially as PRD only raises the minimum, unlike Touchstone or Chariot for example.

No time to contribute something useful, but you do have time to write multiple posts?

Twozzer, Robin Mayes and Dudley Aim Trader. Just search BCE and select ' latest'.

No news that I am aware of. It's being tipped on twitter for a prespud run over the next few weeks.

Given the assets, but accounting for the development stage, anything up to £50m mcap is a reasonable buy. That will change, potentially markedly, with triggers in any of the projects.

Thank you Keith. I shall start a campaign to call it Mou E (incl NE and SE aspects)! Expect the SP to drop and another buying opportunity.

Plan holds. Casca C pad ready, rigs to move. Casca A online 30 June ISH. Royston testing to recommence shortly. Coho only about 6.4mmcfd, but still hitting the $300k / month net.

Blimey. Talk about planning ahead. One query Keith - the RNS states Mou4 is South East as per TAF1X, but you mention Mou North East? I've not looked at a map yet...

Capex? They keep drilling wells costing $10m+ a time.

Nounours - a royalty is usually a percentage of the revenue derived.

If Mou1 or Mou3 flows commercially, the example sums would indicate a special dividend greater than the current share price, with plenty left to fund projects. Of course, if Corrib is sold for a tidy sum, that increases cash available and therefore the potential dividend.

That would be the offer PG mentioned in an interview earlier in the year, with a decision expected by end of Q1. Guess the decision is delayed.

Yep. A Royston test every month for the next four months. Cascadura A pad production online in 2 (to 3?) months. Then Cascadura C wells to be drilled. Lots to look forward to. Accumulate while it's cheap.

At 210, 20p annual divi gives 9.5% yield.

Copper down to 3.87 today. CAML SP follows this, but still churning out profits.

I agree. Just wondering how to get to 30-35k boepd otherwise.

Quite some churn at the moment.

Planned / forecasted, but not announced, acquisitions?

Excellent recent production. Good financials.