Member Info for Hms687

The way I look at it is :-

Current 0.18p

Next 0.36p; then 0.67p; then 0.95p and then ZOOM

So the way I look at it is that that buy today are looking at least 0.36p come production in couple months time - that’s a cool ONE HUNDRED %

Thank you guys, I’m actually quite optimistic now myself post RNS, but that’s me not the markets.

A contrare good time for top ups in my view which is what I did myself. Could very easily double by November- and that’s not a ramp - it’s actually backed up ( see Tennyson note for example)

Hiya Brabs

Whilst I welcome, trust and agree with what you say, I still think our BOD could’ve done better in terms of communications. Operations wise it can be wholly accepted that delays can happen.

But management themselves kept indicating timelines that broke - which allows some to beg the question - trust ability and sentiment.

All will be well once bod update on production

Modest addition

Reserves now 5.8 mb ( plus 2.4 mb other part)

Flow 900 bpd brings £1.5 M per month

NPV 10 ($110m)

Current market cap £20M

Expected production : by December 2023

Incidentally, risk versus reward is not all investing is about - it can be a lot, lot, more - just ask a technical analyst forever.

Probably one of the greatest investors ever is a chap called Warren Buffet. He studies a company, analyses potential value longer term then invest and wait.

I hunk Beacon would be exactly the kind he would go for. Problem is he already deals with many others and secondly he has a ton of money already.

Anyone got his number ?

One high profile little interview by Larry and all will be clear I’m sure

Main question will be why a continued delay in production. This needs to be asked bluntly in a live interview situation.

Once Fat Larry’s Band answers that then you’ll see - ZOOM

The sp falls at times like this because of things like market manipulation by market makers and large syndicates. But you’re right nothing has changed from the long term view of future production and profits.

But a delay is never welcomed by the market in the same was is any uncertainty.

Now surely there is little uncertainty but the two month delay in production gives an opportunity for brutal games.

Of course all this will not affect long termed who will only be thinking and welcoming the buying opportunity to add.

Let’s put it this way - NO ONE can seriously claim this so will not literally double AT KEAST by year end subject to smooth production

@BeaconEnergyPlc updated the company expects reserve base to increase following SCHB2(2.) well results potentially in excess of 5.8 mmbbl pre-drill high case, @Tennyson_Secs noted if consistent w. 3P pre-drill implies NPV10 c.$112m not including 2C 2.4 mmbbl & rest of portfolio.

Does anyone know what the daily low was ( probably early doors) ?

Useful to see where it closes today, and opens tomorrow.

But all in all, I’m also gutted I can’t add even more just at this moment - probably will though somehow when I’m slightest more fluid

Then that’s even better ( even though I use conservative figure of a straight 50 profit per barrel)

But important is to get there or at least post clean up 250bpd

Bloomin mms having a field day but still, I think serious shortest will be weary now. But they may have their seven weeks of fun.

Just use as buying opportunity for anyone that can

900 barrels represents something like £450K pure profits per month.

We just need to get to that stage but more importantly get to the 250 bpd by end October

If ANYONE can find a better share to invest in for a couple of months, please do rsvp

I think oil has started production but just not commercial level and that’s expected by November - not really that long is it ?

Importantly, no finance worries we’re even hinted pre commercial production.

As an institution, yes perhaps could’ve been a tad more proactive especially in terms of public and investor communications.

HOWEVER, I can’t really see any reason not to be more interested in this investment - what’s not like ?

With my very rough and mental arithmetic calculations, even 250 bpd should bring in about £350K per month. It’s just waiting till clean up

I think serious investors will now be taking a serious look here. Bpd of 900 and immediate reserves 5 mill ( if I heard right).

I think ultimately the markets should take a positive view given the relative quick update and full details being provided no holds barred.

Private and institutional investors alike will realise we’re sitting on a goldmine here, and now the uncertainty has disappeared.

Good luck

:-))

The thing about averaging down is that sometimes it can be like throwing good money after bad. Being honest and despite all the winderful soundings made by Larry and Co even I myself were t entirely convinced.

But after he recent updates, I am on board and only liquidity or lack of prevents me from adding even more substantially.

It really is exciting and I just hope long timers hold their nerves because tension will be guaranteed - in a good way

Hi Roger I agree with hat you say. It also seems certain that whatever is put out there is inevitable gonna be a heck of a lot of excitement, n the SP as well as general.

Tge point I’m making is that it’s been stated and reiterated countless times the aim of the raise was to make us self funding. It also seems clear now that we should get at least 600 bpd so although Larry stated achieve am in a couple years it’s obviously going to be much sooner.

So fir me personally what’s going to be much more exciting is to hear what they have to say about the imminent and other drills this calendar year; licence application updates and so on .

I think I seem to recall your name from amongst the originals that were traumatised and worse by Buffalo so I’m es, m very very happy for us all

👍

Update on reserves and start in production would also be useful

Why this continued obsession with Flow rates ??? Yes of course it’s relevant but there is no need to obsess about it.

We were hinted a while ago that it should be between 200 and 1500 bd and that 600 was used as a working model. This would allow the projects aim of being self funding for other marvellous projects within couple years.

What I’m looking out for much more significantly is the other details. News on other drills; licensing update; and a general revised strategy.

Good news on these fronts could really really be transformational for all of us - and I’m not talking just one pence either

Good luck friends 👍

Blimey Dilara, I would just love above 8 million reserves. But let’s calm down ( including myself) 5 million represents around 38% increase on the current cor projection of about 3.75 million barrels

Good luck all; I’m especially happy for the long term era here who have suffered traumatically here in the oast. I just hope they all averaged down a little even by using pocket money as I did.

DYOR and all that, but there’s still time.