Member Info for Hms687

I think the unknown might be any of our large holders wanting out. Legitimate reasons for them wanting out from their point of view ie they’ve made their 100% already.

It’s just that I absolutely hate this dreaded word that is overhang .

Jus asking

As we approach within touching distance of production, it’s worth remembering that production costs all in was just approx $30 / barrel .

No real signs of this coming down significantly in the near future - in fact the contrary

Yes, PANR looks tempting, very tempting

But right now m happy with just my one basket - will only look to sell a few once price is Ine Whole Pence and I’ve collected my mortgage repayment

After that it’s my pension plan

Shake um, shake um, shake um

“Shake em, shake em, shake em all you can.

Shake em, shake em, shake em, you dirty Ireeshmaman “

Somehow the lse website had gone down

Anyways. going is good now

Thank you SeisP

Not that there is anything new in the report but still it’s an excellent summarisation. Clearly we’re just about to get ready for a proper restating of our SP

All I will say for the many here who have been previously hit by this company “ ITS NOT TO LATE TO GET IN / AVERAGE DOWN”

Wow, Seispricessor, your calculations regards reserves are much much appreciated albeit done on the back of a packet of B&H.

One thing I’ve learnt is that things can get very very technical in the oil game especially for us lay people.

Not withstanding, your calculation of 19.5 million barrels is double my personal stab in the dark of just 5mb.

Even my much lower figure would represent fantastic value given that anything price of global oil above $30 is pure profit .

As I said previously, I’m not unduly worried about flow rates as a slower rate just means a longer time for retrieval. There is no rush .

But still, I know flow rate will have at least short term affect but the greater emphasis will soon shift towards the exploration parts and fields.

I guess that’s why we long termed are in this / couple years hold to pay off all our mortgages

Good luck all

Hi Professional, wanted to say Hu. So so many posts on here so tend not to catch ‘em all anymore. Anyways, how you doing, your position doing ?

Personally I’m still long medium to even long term. At such low prices I’ve even added a little.

So far management have been fairly spot on with forecasts - that in itself us now a huge boost as even people like meme starting to regain trust in bod.

Great drill and final results waited with deep breath. I’m trying to be conservative and predict min 500 bpd and perhaps 5 mill barrels now in this Schwartz layer. Next drill not too far away bith timeeuse and dustance.

I’m now very hopeful of One Whole Oence by year end.

The exploratory and development fields now also appear more promising.

Multi Mukti bagger if peeps can discipline and hold twelve to eighteen months at least

Good luck :-))

With about 10.5 billion shares in circulation there has been a massive volume in the last week.

I’m beginning to wonder if one of our big/institutional shareholder is selling ?

If so, which one(s) - maybe one that got freebies at placement ?

If they’re just profit taking them I’m happy with that as this really does have a lot higher to go. Production of about 600 bd will itself bring in about £1M profit each month for several years

Good luck all

If ever there was a good time to produce oil it is now. And we have shirt transportation costs and should be in production very soon.

Global oil prices as favourable as it has been this past year.

Good luck all

One Whole Pence should now be much sooner than even I expected

Hold on tight my fellow Beacons.

We been through a lot together

Https://youtu.be/UkekqVPIc2M

Djmacc the first thing is to do your own research and readings.

If you believe what you find then the next thing is to average down on your ADV losses ( which I e done.

The third thing is to only use funds you can afford to lose

The final thing is to hold for medium to long term.

Will you get your losses na k - heck yes you will

Good luck

Hold On Tight to your dreams :- ( sums it all up really)

https://youtu.be/UkekqVPIc2M

Hi GP

It’s always good to make comparisons and thank you for highlighting this.

Ps: remember that the higher the sp, the higher the market cap- a simple fact that many people forget or haven’t understood. The most basic formula is that Market Cap = total number of shares X individual share value . Current sp is aporox 0.15pence and it is what it is until it changes on Monday and every other day

I’m not really an oil person and often struggle with its technicalities, jargon and other workings. But why not work on a puritan view :-

500 bpd multiplied by £50

We have a low cost of production especially considering short transportation, taxes etc I’d say £50 profit per barrel is conservative

£50 c 500 bpd = £25,000 ?