Member Info for Hms687

maybe not professional with numbers

Professional: it has been repeated manny times over - 3.85m barrels 2c; and further 22.5 m barrels contingency - which bit do you not understand ?

What profit margin do you suggest if nit $50 / barrel given that oil prices expected to surge towards $100 / barrel

Or maybe you’re nit eryorifessiinsl when it comes to numbers

Do the maths though

Even if market cap is £12M , the oil in the ground 2p is about 4 million barrels. Each barrel even at a conservative £50M / barrel Profit is ?????

50 x 4 = £200 M

And then there is potential 22 million barrels contingency reserves

Mind boggles huh

Well done Buzzcoin

If I were more liquid I’d get few more myself

Just think, come July where the market cap will be from the mere £2M it is right now

Thank you

109 m volume out of 11 BILLION shares is never 1% is it ?

I’m not as good with my zeros in my older age

No one seems to know what’s happened, me neither

I’m hoping it’s just a question of the markets simply not being ready for huge volume either way.

I hope to God it’s not anything more sinister like investigations into fraud IRU their criminal plays

Notwithstanding, all looks extremely rosy with the potential spud around July which will be a gigantic positive

Of course there are some who got in even cheaper - in fact fir free; but 1/ Tge contract dies nit allow them to sell as yet, and 2/ Why would they as investors when you look at all tge DISCOVERED RESOURCES that’s just waiting to be brought up ?

As minimum I’d exoect a potential and any takeover to be much much higher - maybe 1.5p at least depending on timing and probably more

Professional : - according to presentations ( see slides in RNS), just from the Erfelden field we should see about $200M, so stop making this sound like another Buffalo :-

according to the projections from the last presentation slide; by March 2025 we should have $200 M from this field alone

according to the projections from the last presentation slide; by March 2025 we should have $200 M from this field alone

Larry Bittomley today byRNS :-

We look forward to updating the market on operational milestones as we aggressively pursue the development of the Erfelden Field."

Highland mat : thank you fir the calculation

Dilara, I still don’t see why there won’t be any announcements unless of course they lied to us about the low risk oil in the ground. In which case they will have lied to us and they can go to prison. It’s different to Buffalo which was terrible luck

“ Following Admission, the Company will have 10,507,679,620 Ordinary Shares “

In plain English, what even is this figure ? Is it ten and half billion ?

What is that figure multiplied by 0.11 pence ( market cap), I’m getting old now so it’s a genuine question

I’m trying to figure out who if f anyone will be selling on the 11th April as many are contracted NOT TO

Existing holders will also nit want to sell because of 0.11 pence low price

But hold and wait fir milestone announcements and this will fly

Price has returned to 0.1799 pence in my HL but it all irrelevant right now. The funding price is what it will start in on 11th April albeit for milliseconds

It’s the price on CLISE if day which is most important

Of course we know the results if the fundraiser !
How much net capital raised £4.8M and gross £6M and fir how many shares (3.5B)
Most important result is that the required funds were raised which should now allow the company to take to the next level

I agree the fundraiser was badly done all round, in fact terrible. Bottom line is how much the shares are going to be worth once market opens

Two weeks on Tuesday

Regards the delays, I’ve been involved in several placements and trust me, delays is part of the furniture and in reality we’re only a couple months out in terms of resumption of trading from February to April

Regards payments to bod, there is no live list between me and the directors. But if they’re getting £0.2m out of a potential gigs you’d oil reserves, I’m happy. 200k is only what a very average chief executive gets in local government or something

We already knew about the 2.85m barrels if 2P and near 23m barrels contingency reserves. But today the first I heard about potential 200m barrels exploration barrels.

These figures are absolutely giddy folks.

Just one million barrels gets you circa $60m which is massive given we are as yet just a small cap

To be fair, last minute challenging conditions ie global oil price had started to tank