Member Info for isdeer

Dalton,

EOG haven’t spent any of their Wressle cash.
I would also suggest they have circa £3m more than EDR, who had to borrow £1m from UJO pre wressle results, they have since repaid but it’s bitten into wressle profits.
EOG’s current bopd is c320 from wressle and other production.
What’s EDR’s in comparison, mcap 19m v 11m for EOG, somethings not right.

Johnny,

Have you spoken with anyone who worked in a hospital during the pandemic for their take on what was actually happening, then and now.
You are correct about some hospitals not being full to capacity on occasions, the problem they had was with placing covid patients away from sick non covid patients while trying to maintain full capacity, it was a balancing act, all the while sickness was rife amongst staff, you can’t maintain full capacity with less staff and you can’t open new wards or hospitals to cater for the sick when you don’t have the staff to man them.

Herbert,
Hopefully EOG won’t be this lowly price for long, I also bought a load at 1.3p thinking that was the bottom and I could average down, now I’m up ****creek without a paddle and I didn’t hold anything back for a rainy day, that 1p looks possible and I’m now kicking myself for being to eager.

She’s not a good cook, pretty crap at cleaning and non existent in the bedroom dept, Sorry I’m not selling this very well am I.

What future, companies must be looking at EOG and thinking they can acquire their assets and the whole company on the cheap given its lowly price.
With todays mcap of £11m, you get £4m in cash 320bpd, gas to come and a load of what could be very valuable assets in the near future.

Tacoma,

I don’t get it, EOG must have £4m in cash as I write.
They have onshore production of c320bopd.
They must be earning close to $1m in revenue every month, from Wressle and other wells.
25% of serenity and their licenses in Ireland and Morocco are according to the market worthless.

I will sell the wife if this goes to 1p, could maybe get another 1000 shares.

Eh, breakeven?, I was thinking they are sitting on £5m in cash, with 1m loan to return to UJO.

300bopd for the last year c£7m revenue, maybe £2m in cash, after taxes etc, some of which they may get back, they also have the surplus c£2m cash from the serenity drill.

The distance between discovery and appraisal was 3.5k, I can’t interpret given what the experts in the field know against my limited knowledge whether the step out was too far or not.
I’m guessing however that their knowledge along with the serenity data far outweighs anyone on these boards at that time.

it's this pathetic uk government that's dragging the prices down, the oil price although relevant is an excuse, the price was lower than this recently. lots of the bigger players have cashed out and are sitting back as they wait to see how badly this govt crashes the economy.

This is calculated as:

Tax Rate Type of Relief Relief Rate Amount of relief
(based on £1 million expenditure)
Energy Profits Levy 25% First year allowance 100%. £250,000
Energy Profits Levy 25% Investment allowance 80%. £200,000
Additional Relief 45% £450,000
Existing Relief 46.25% £462,500
Total Relief 91.25%. £912,500

Or BFG investments could buy back given EOG,s lowly price and assets against Mcap.
Why sell at the bottom.

Serenity can still be a company maker for small mcap EOG who own 25%, the oil in the Eastern play is still there, they have £5m in cash, and will only pay 25% of costs in any future developments, all the while their coffers are growing daily from wressle oil sales.

In fact I just bought some, EOG is undervalued imo.

Who knows Tony, with £2m left from Serenity, up to £3m in cash from wressle etc and £1m UJO loan, they have c£6m in cash with £1m loan to pay back.
Assets 30% of wressle, Uk licenses,25% of serenity and further licenses in Ireland and Morocco, market valuation for this lot currently c£7m. 30% of wressle has to cover this alone.
Im down several k and won’t be selling at this level.

I raise you
For One Night Only
For One Night Only https://g.co/kgs/tqR2tA

The good news is you will have one less green message, now as he’s bought back in
He’s commonly known as the RBD shareholders friend, those that sold at 0.24 either love him or hate him.

Persi, who’s he?, I think the name rings a bell, give me a moment while I look through my extensive filter list.

Jimmy Bob,
And the markets are beginning to reflect and adjust accordingly.

No one posting here has done any corporate deals would be my guess, like most things a little knowledge doesn’t make anyone an expert.
Let’s wait and see how it pans out, in the fullness of time we will all know.
What we do know is Shell is the buyer, RBD have more assets that may interest them and the SP imo is still way below valuation, a takeover or buyout could be an option if they like what they see regarding WN, everything is still to play for at this price, with plenty upside for Reabold.

Excellent success rate for high impact wells this year, let’s hope it’s a good indicator for Serenity.

The much higher success rate at high-impact wells drilled so far this year is a good signal for global supply at a time when oil and gas prices are high, and trade has been upended following the Russian invasion of Ukraine and the subsequent sanctions and embargoes on Russian oil.

So far this year, E&P firms have discovered over 1.7 billion barrels of oil equivalent (boe) at high-impact wells, nearly quadruple the 450 million boe discovered for the whole of 2021, Rystad Energy research showed this week.

Per Rystad Energy’s methodology, high-impact wells are classified through a combination of factors, including the size of the prospect, whether they would unlock new hydrocarbon resources in frontier areas or emerging basins, and whether they are “focus areas” for the operator.

So far into 2022, the success rate at such wells has stood at 47%