Member Info for isdeer

Boom.boom, Well spotted I was just a bit quick with my assessment.
We have a 10 bagger + it’s a boom boom from me.

The good news is, if it’s worth 40p to I3e, it would also make EOG a 150m mcap company and 7 x it’s current mcap.

Spike,

Have to disagree with the all or nothing EOG drill.
Mcap 21m and currently producing over c315bopd onshore generating circa net $900k a month with gas extraction to follow along with 2 other reservoirs from wressle next year.
EOG still retain the 25% of serenity, it’s an appraisal well, not a exploration well, Serenity will still go into production whatever happens regarding this appraisal drill with more to follow.EOG may also get some interest regarding their licenses in Ireland and Morocco.

I see oil has dropped a bit today, it must be in anticipation of the 100s of barrels a month we will get from fracking five or more years from now.

That last 49918 was a buy from me.

Just bought another tranche, average all over the place using 3 accounts, 412,703 shares
Bought from 2.9p down to 1.4p and several places in between.
Gl all I3e and EOG holders

nope, tell where I've gone wrong.

Bladey,
sorry about that, you may have explained it better.

whats not priced in is EOG own 25% of serenity, the only way they achieved that was by paying towards this drill.
The 2.5m barrels has cost them c7m to date or circa £3 a barrel

serif, if this share ever goes to 1p I will have zero chance of buying. as it won't be at that price for long.

Tony
The main point being whatever happens to Serenity whether it's a 10m or a 100m barrel oil field it will still be in production and EOG currently own 2.5m barrels of that oil which can be improved on x 10.

I get the duster concept but it’s not about that, THIS isn’t a one off exploration drill into virgin territory and a do or die drill. It’s about finding the limits of serenity, we know it has 10m barrels of oil, we know EOG has 25% of that proven oil field. what I3e and EOG are trying to ascertain is how big the oil field is and how far it extends. The oil they already have will still be there.
This isnt an exploration well, it’s an appraisal well, people need to realise the difference especially when they give zero value to serenity or the 25% of the oil field EOG already own.

Just looked again, EDR near 43m mcap EOG 23m, the world has gone mad.

Tony,

AIM is a fickle beast, sometimes you can be amazed at the mcap of pumped shares, then the inevitable fall, it’s judging when to get out and leaving a bit on the table.
You can drop 20% in a few minutes after months even years waiting to get there.
For the small mcaps I see valuations as the canvas of a painting, the speculators however can move the price in any direction they want with a nod, a wink and a stroke of a pen.

Bladey

No one wants fracking apart from speculators, it won’t happen, EDR is a pump and dump.
If I was a holder I would sell the lot and put every penny of profit into EOG.

valuations , people valueing edr at near 40m because they have some frackig licenses that will take years if they ever get the go ahead, here we are less than 30 days away from a real transformational moment with a mcap of c23m.

Tony, I haven't looked but does it include the recent gaffney cline report on wressle

Everyone is against fracking apart from speculators, if I was in EDR I would be looking to sell up now, I think it’s run it’s course, they should be selling on the news.
Just watched a debate, even Tory’s are against it, maybe it will be done in a limited and specific way. iMO it’s not going to happen.

You got to laugh, Egdon also 30% wressle partner with £2m less cash on the books than than EOG have fracking licenses, mcap c37m, they also borrowed £1m from UJO but paid it back from wressle earnings.

17% drop in the last 5 days isn’t good.
Lots under water with recent buys, it’s really nasty that those who bought 5 days ago have to see a decent rise just to get their cash back.
I recall just before the serenity deal EOG was circa 2.8p, maybe more, think was actually over 3p and obviously those in the know sold out and bought back at 1.8p, they have presumably sold down again to current levels and made further huge profits.
You know what’s next for them, more profit on a good result even though they sat it out.
EOG will look to raise more cash, they will be in again at well below market prices and back on the merry go round of printing cash with zero risk. When they say money goes to money on AIM it’s a given.