Member Info for isdeer

Peeps as normal want to cause confusion with those wavering sellers, I’m happy at this price to buy more as wressle alone covers the drill result, whatever happens the price will recover in short shrift imo, 22m is cheap when we have other future news on wressle, it’s gas and other reservoirs to follow, let’s not forget Ireland and Morocco, yes it’s a gamble, 10k may get you 8k but it could also get you 20k in 30 days. That 50/50 drill has favourable odds.

Tony,
Both EOG and I3E will need to make a decision at that point, EOG certainly as the funding will be prohibitive for them.

My twopence worth is they don’t want a production well at the extremities of the discovery, they will place it where they get the most bang for their buck.

For those thay may have forgotten or dont know.
The beauty of the Serenity deal is that even if it fails, there is backup protection in place for the SP.

should it fail to prove an extension of the discovery, the c.10 mmbbls already discovered (c.2.5 mmbbls net to EOG) is expected to be commercial as a joint development with the neighbouring Tain field, providing protection on the downside should drilling disappoint.

Serif, exactly that, I will be a buyer if it goes to stupid fearful levels.

it's not a 60% drop, that's monsense, priced at 23m currently, that would be a price c10m when they already have wressle and associated drills delivering over 300bopd.
that doesn't include the 25% of Serenity a proven oil field.

I'm topping up, good price, its more than worth this mcap with wresdle alone.

It’s the Best Buy in the market, the upside is phenomenal.
We know it will drop on bad news, with the caveat it still retains its 25% of the license
It will still be delivering 300+ Onshore bopd with wressle and its other wells.
The downside max has to be c1.8p worst case and that would improve.
The upside could be a 5 bagger plus.
For me it’s worth the risk on a 50/50 drill every day of the week.

Deeko thanks for reminding me, I was also in serica at 10p and sold a few days before it took off, think it went to 60p maybe 80p, I couldn’t look anymore. the share I bought dropped off a cliff, I was devastated for months.

So 240bopd for EOG, may continue over the next 5 years, excellent payback on wressle alone.
With the ashover grit etc still to come we languish around c25m mcap.
Eog is undervalued even without Serenity.

I posted this a while back

Should it fail to prove an extension of the discovery, the c.10 mmbbls already discovered (c.2.5 mmbbls net to EOG) is expected to be commercial as a joint development with the neighbouring Tain field, providing protection on the downside should drilling disappoint.
That’s the message for EOG and its holders, it can’t fail even on a poor drill result, I will buy more on the dip, it’s a no brainier.

EOG with 30% of wressle and up to 90 bopd with its other wells has a mcap of c26m, it seems undervalued in comparison to its partners.
The other 70% of wressle , a load of hot air and no Serenity on their books is valued at c100m

With new rounds off licenses being offered by the govt.
I can only assume the cash is being ear marked for that or per chance a current license where they are looking for a percentage in the deal, im thinking the 3 partners will be looking at fracking in some joint deal.

Draft, yes but everyone seems to have forgotten, there is backup protection in place for the SP.
Should it fail to prove an extension of the discovery, the c.10 mmbbls already discovered (c.2.5 mmbbls net to EOG) is expected to be commercial as a joint development with the neighbouring Tain field, providing protection on the downside should drilling disappoint.
That’s the message for EOG and its holders, it can’t fail even on a poor drill result, I will buy more on the dip, it’s a no brainier.

I’m was wondering what price EOG if it hadn’t raised cash for Serenity.
I’m guessing it would be well north of 27m and nearer its partners EDR and UJO c50m mcap.
All those saying it will have a big drop on bad news from Serenity, for me at 27m, it looks like it’s already been priced in.

no we don't, 390m was the number added.

we also have wressle and cash we didn't have previously.

was it a duster, have I missed something.

eog 26m and edr 40m mcap does that make any sense.

Just topped up, gl all