Deserve to be top21 Jan 2022 05:40
Two posts stand out for me
1. theAccountant Premium Member
Evening folks,
I hope you are well.
I’ve had a busy few days but catching up on most of the LSE boards this evening. My homework and research confirms that the numbers look good and realistic even with variables unknown. However, my prudent side states that we still need a CPR to confirm the potential recovery rates. On top of this, hopefully Nigeria OPl226 is yet to come so it’s certainly going to be an exciting year as that will propel the SP once the value is unlocked.
Working in a global and independent independent financial background, a potential value needs an independent report so hopefully the CPR will confirm what Art states.
Regardless of one’s views on this, we are still very much undervalued given the rising price of oil and with our stable cost structure, thus achieving economies of scale on our new discovery.
My advice, buy, hold and leave it in!
All the best,
Your local accountant.
2. Charlie1984
Posts: 6,763
Price: 36.75
RE: Chances of no new oil?Today 00:51
Thought I would drop in been busy with the new project in Thailand.
Fantastic to see the figures from the FD reserves. As TradingLad points out you can’t just make stuff up and feed it to the market, secondly in Arts interview I make note to the comments referring to the figures and him nearly falling off his chair.
Thirdly as TradingLad will be aware as he is also in the industry a lot of these reserve figures are often played down and in some cases company’s see up to X3.
I was very happy to see the drop and load up again sub 19p.
What a lot of PIs don’t understand is that in early stages the SP will fluctuate on share flipping from raises and PIs trading in and out.
Most PIs will have sold as they cannt hold longer than a few weeks without getting itch feet.
If you have done you research like many have here you will realise that SF and CC are producing with additional wells been drilled.
We have an offer on the table for Cuda and will know if it’s successful or not inside the next 2 weeks.
This increases our holding to 85% and 100% of FD.
I am also confident that the taps will be opened up significantly in the near future.
We have infrastructure in place and a lot of management/directors with valuable hands on experience.
FD reserves will be getting reviewed and I expect these figures to be updated in the Ridder Scott report. I am expecting to see this with the Q4 accounts inside the next month - IMO 13-14 Feb.
There is continuous heavy buying in the background I am expecting to see a TR-1 - 3% is approx 5.7m so we shouldn’t be to far off seeing who is loading up.
This was a fantastic investment opportunity with out FD, with it it’s become a once in a life time opportunity.
Ignore the daily SP it will arrive at its destination in due course. GLA
PS
My post yesterday... I put Cuda when I meant to put Atomic
GLA
Thank you
Sign In
Follow the stocks
