Member Info for itisagame

Biggy..

That's a boggy, The reason for yesterday's drop?

"with the target depth being 2,200 meters. �It is anticipated that this depth will be reached in the second quarter of 2018." I know it's cold but 12-25 meters drilling a day (depending on when in the 2nd qtr the complete) seems a bit slow. How far down are the target zones? Maybe an update as they are hit?

Also looks like they are delaying publishing of the 95p trade from today, use publishing it tomorrow for more games maybe?

Don't forget storage tanks will be filled with About 90 days x 2100 barrels to secure a short term loan against if needed but considering they repaid the last loan early in Nov and paid a div I would say unlikely. 14-11-17 rns "After repayment from the proceeds of the tanker payment of the Petraco pre-export short term loan finance arrangement, announced on 7 September 2017, we anticipate that the Company's net debt will be reduced from US$12.3 million as at the end of June 2017 to US$3.8 million."

Maybe they were stop loss order hunting ? If so it kinda backfired All it did was create more buy orders, so more stock needed now.

I think they are Just trying to fill the £1.21 and £1.215 orders from yesterday plus others, they don't want to get stuck with sales they have made that they can't find stock for shake shake shake of it doesn't work they might have to try and rise the price.

Still no sign of yesterday's 120 & 121.5p trades, so obvious that they need to collect shares.

just popped up, still have the 121p and 121.5p trades to show their face from today.

Only potential cons I've listed are -Location - Russia (can be easy to pick on) -Had bad luck in past - e.g. Oil price cycle and fire at refinery. -20-25 year licences. (Pro / con depending on your outlook?) - has to wait for shipments ( pro in the now rising market, neg In the downturn) -con- it does employee over 400 people, that accounts for a large chunk of costs but pro that also demonstrates the size of the company it's not a 3 directors in a rented office above a shop in London type operation, its worth more than £14m mcap along if it floated the refinery and drilling rigs as it's own company.

The live buy price at the moment?

Mcap £14.3m. Enterprise value £24.3m. Revenue £31.3m. Enterprise value / mcap = £1.92. that data is based on last year.

Only 11 trades in first half hour, I dont think it's traders lol. Now for better or worse they need to confirm the financing plan.

Grades don't look to bad 4%+

And If it is 750k barrels at $20 EBITDA = $15m year end profit.. so more of less the current mcap.

1-7-2016 to 30-6-2017 EBITDA was $11.47. On 782k barrels sold at avg $61.37 when Brent looks like it averaged around $52ish for the year. Now debts paid, and Brent is over $70 (plus the premium hey get) etc etc will EBITA 2017-2018 ~$20?

Another one for your pros list. For Each 1p paid as div it only costs the company ~£126k (plus distribution fee).

On stockpedia is showing that UEN was £7.5k/£10k a share is that right? ( equivalent to £375-£500 pre consolidation??) and rates it as "turnaround". Can any LTH confirm what price it was back then?

I can actually set a limit buy or sell order now, haven't been able to last few days, even when I rang up my broker (Halifax), could only NT to buy before.

from yesterday..