Member Info for Ironic

How many AIM company’s are capable of earning their own M Cap in a singe year ? . The MMs need to wake up ! . So much for PE x10 . A gift horse being looked in the mouth .

Our neighbours are having their gas verified which will de risk to a degree our gas . When we de risk the gas the M Cap should be over £100 million . Just time . So I will use that time to build a holding here .

Just one well can give 1,100 barrels a day but present storage was not big enough they only exspacted just over 300 a day . 1,100 x 30 ( days in month ) = 33,000 barrels a month so 33,000 x $74 = $2,442,000 a month x12 =$ 29,304,000 . So the one well can exceed our M Cap in one year at proven max with increased storage . They exspect to better that figure after more work .obviously costs to come of . This has just started .

Paid 10.7p for a small top up . Up date soon .

Not surprised ..with so much cash coming in every month and huge increases any time soon . Then the possibility of huge gas resource being proven up . This is a gift .

All the wells that have been worked over are producing more oil than exspected , at this stage . We have just started and are producing in excess of $1.5 million a month . Giving over $1 million a month after costs . We are very close to oil and gas pipe lines and infestructure is in place . The oil storage facility should not take long to increase , because of our location , then we can improve on monthly income . Within weeks we may be bringing in more than our current M Cap per per year ( after costs that is as well ) . Chance to top up .

As he says they are not risking investors money “ A rare find on AIM “ . They will use profit from the oil to explore . Not rinse investors over and over again year after year . Like UKOG and all the others put in hundreds of millions of investors money to get a few million out and callit progress . Lol . Standing on its own two feet already . Why cant any of the other company’s do that ?

Our neighbours are currently having their gas resources assessed ...this should give a good indication of our potential . The great 5hing is the speed every thing happens at ...yet again unlike UKOG . Weeks not years .

They only needed 100 barrels a day to hit break even point ( on web page ) . So with 700 comfortable barrels a day 600 barrels a day are above break even . Not bad for a small young company . The field is 100% our working intrest . Our neighbour may be intrested in buying in .....”””Immediate neighbour (Norio and Satskhenisi fields) to major service company and asset owner Schlumberger
High potential of Block establishing joint venture with strategic partner”””.

700 barrels a day 30x700 = 21,000 barrels a month oil $74 a barrel . So 21,000 x $70 = $ 1,470,000 a month . That is the conservative income here before storage up grade and side tracks .
Let’s be conservative $1,000,000 x 12 months = $12 million PE of 10 ...so m Cap should be $120 million . Then you can consider the extras $1 million for gas , producing at 1,100 barrels a day and the extra from side tracks .
This share should carry on with a re rate based on facts not what a Billionaire might be upto .

1,100 and 700 .

Confirmed gamblers ... MXO I was in there just sold out literally . They are based on a Billionaire buying in and 157 barrels of oil a day . ( they are paying of money from well just like us ) About £7 million m Cap .
We have 7,000 barrels a day and can do 11,000 a day and we are going to do two side tracks to add to this . Our m Cap £ 26 Million . Fact say we are worth far more than they are ( even without the gas MOU ) . But people want to gamble on the chance of the Billionaire not the facts of the results . Mad markets . Pure gamblers not investors .

This puts so many shares to shame . UKOG is hot air needing a pump or ACID stimulation yet their dribble is priced at many multiples to this . How do people have confidence in our markets . They are mad no logic no reason just gambling .

Get of your back side and work for it . Gambling is not the recognised way to fund a pilots license . I would not want a gambler flying my plane , especialy one who can’t make decisions .

Groover the markets and times have changed . Don’t bother would be my advice . Keep your previous profits under the mattress .

The RNS states the cash coming in will cover the cost of the side tracks . This is huge money coming in . One months money coming in is higher than the average placing . So I don’t see that happening . Just market makers trying their look .

Half a Billion traded which is a lot considering one person holds 30% of the shares . So still intrest here .

Try another name . Works for most

Ask dust hater !

Sell the lot Sam and pack in shares . You obviously have not got the foggiest and will eventualy lose the lot as the market is hardest on the investor . Shorting is far easier . So unless you know how it all works sell up and getout of the markets . With a world recession on the horizon this is not the time to learn the markets by trial and error .