Member Info for Hms687

The WHY is that these shares offered today will be worth an amount of a company drilling over a billion worth of oil !!!!!!

£3M market cap now versus potential mid cap.
I can’t believe I even have to point this out.

But anyways, good luck ya all

Whilst I agree the bod of beacon and advance befire are contemptible, I do think some of you still don’t seem to have grasped proper understanding.
You seem bogged down with the SP of 1.2p but forget how high this is likely to get and how quickly.

Fir about the millionths time let me say again - 20 million barrels @ just $50 = £1Billuon

Current market cap is a paltry £3M

Fir goodness sake - get a grip some of ya threatening to vote no will ya

What you all needed to have done is but as many as you can now at 1.2p - but I’m afraid it might be too late now

Correction SP not DWP

The 1.2p offer is the price for now whilst open trading is still closed. This will hopefully be very different from the DWP once it trades again. This is because the deal will have been completed, funding in place for drilling

I’d exoect the SP to reach minimum 3p and rise multi fold over time.
Never forget the 20 million barrels of oil

There is currently 1528 million shares in circulation (1.5 billion).
Add the new shares that will be given out as part of the raise. Does anyone know how many these will be in total ?
This will give a very strong indicator about things.
There us. Y my calculation over £1billion worth of oil just waiting to be produced after this deal
Current market cap is a fiddly £2.8 million

I think you’re right Bluray and hence we might see a low price perhaps akin to SP as was before the flare upwards on Rhein Petroleum announcement (consolidation adjusted)

We might have an indication of ore susoebsion closing soon; consolidation level (10-1); total barrels produced per day; total reserves in tge ground; and so on.

However, this may not be reflected in the SP so it’s always best to have a longer term outlook. Mines at least 12 months

Good luck all

Whatever the price, can someone shed light when the shares will be open to trade again - someone pontificated end z”March ?

Out if interest, and I know it was a while ago now; but dies anyone remember the global oil price quoted fir Buffalo to have been profitable ?

Fcuk Tennyson valuations, if there is 20 million barrels of oil to be produced at a very conservative valuation of just $50 per barrel - that makes oil value of a billion - I reckon that should be out within a couple of years

$80 multiplied by twenty million is ???

Now take away a few £M for capex and other associated costs - what are we looking at - mid cap ?

Highland Man : just look at the RNS of January - it well tell ya how many millions of barrels - and how much is just one barrel ? Current market cap is hardly £3M

Anyways, excerpt :-

· A material 2P net reserve base of 3.85 mmbbl and a 2C net contingent resource base of 22.96 mmbbl, located across four core assets as assessed by SGS Nederland B.V, and included in a Competent Person's Report ("CPR"), which will form part of the Admission Document to be sent to shareholders in due course



· A commercially attractive programme with the economic results of the CPR describing an NPV10 valuation of €52.8 million from the development and production of the 2P reserve base, assuming, inter alia, capex of €15.7 million for a 3 well programme and facilities upgrade and utilising forward oil pricing as at 14 November 2022



· Access to a built-in growth pipeline of onshore, material, high-margin, low-risk and near-term development and appraisal opportunitie

Actually, the production and resources ARE huge -bigger than just massive

Snow blizards are forecast next week. Then again, they’ve been saying this for weeks now.

So what’s it gonna be next week - Snow blizzard or 5p share prices ?

Lord Paul I agree. Irony is that most on here seem to be planning on seeks instead of slightly medium term hold for far greater returns

3.85 million barrels at just $50 pb is about nearly $200 m ; but the contingency resource @ 22 mill barrels is much much more

Note, currrnt market cap is barely £3m

Obviously lot needs doing before then like admin , legal, capex but my word if it all goes well then we can get buffalo out of our system

It all seems too good to be true though

As I recall, I think they said towards the end of this month. But these things always have a hutch so I’m not too worried.

Current market cap is below £3M

This is what RNS had to say:-

· A well-understood existing production base, generating immediate revenue



· A material 2P net reserve base of 3.85 mmbbl and a 2C net contingent resource base of 22.96 mmbbl, located across four core assets as assessed by SGS Nederland B.V, and included in a Competent Person's Report ("CPR"), which will form part of the Admission Document to be sent to shareholders in due course



· A commercially attractive programme with the economic results of the CPR describing an NPV10 valuation of €52.8 million from the development and production of the 2P reserve base, assuming, inter alia, capex of €15.7 million for a 3 well programme and facilities upgrade and utilising forward oil pricing as at 14 November 2022



· Access to a built-in growth pipeline of onshore, material, high-margin, low-risk and near-term development and appraisal opportunities

To help the diecukation find some basis one should read the companies RNS made on the 13th which talks about valuation including Capex as well as amount of oil that potentially produced

I know it’s gigantic but all things being equal we’re looking at potential mid cap in a few years

Our worth us a beer peanuts just now

Dyor etc

Yes I feel so sorry for those that took a loss and sold holdings in Advance for a few peanuts after Buffalo

Yet again we have a possible mid-cap on our hands potentially

My guilt is that I also sold a lot of my shares after buffalo but luckily still hold enough