Member Info for itsawrap

Without wishing to be accused of x-ramping, abdx is in good shape imo. have a closer look, it seems to me that their management is a lot more capable than the jokers at nova so perhaps abdx will takeover nova in 18 months when the cash is running out

...these statements from 02.07.25 infer that May s/b 450 bls or about 14.5 bpd (data due tomorrow), June s/b 33 bpd

'During June 2025, Keddington produced a total of 992 barrels of oil over 23 days of timed pumped production averaging 10.4 hours per day with an average flow-rate of 43 barrels per day gross during the period. '

"Over 1,450 barrels of high-quality oil have now been produced and sold from Keddington since recommissioning, contributing meaningful additional revenues,..."

"Making an acquisition, with a call to the market, is a realistic option" ABDX may be a good fit

The commission has been at it for almost 19 months - apparently way past the technical deadline - if the EIA was determined to kill it it would have done so months ago so I am still hopeful that it will be passed

.. P1D, are you here for WN or something else?

The sp speaks volumes - the joint ceo clowns can huff and puff as much as they like but the market thinks this company stinks. I dont have a problem with your quest although I do hope you are wrong about CS...the key here is to be nimble imo

Persi is on a crusade to highlight the clowns in charge and how risky an investment this is. Yes, very risky imo but that doesn't mean that there aren't opportunities to make money, for example I was buying sub 5p and recently sold circa 6p, they weren't huge trades but they were profitable

The problem is two fold - cash burn was £1.1m per month in H1 and revenue was stagnant. If revenue doesn't improve significantly, Nova will run out of cash by the end of next year. I'm actually very surprised the sp hasn't dropped 10% today after such poor progress - what am I missing?

Https://va.mite.gov.it/it-IT/Oggetti/Documentazione/10561/15652?pagina=13

...document added today from LNe Frascogna to the Commission tearing them a new one over procedural errors which LNe says invalidates a recent submission

Basic cash-burn

31.12.23 - £44.1m

30.06.24 - £32.9m (£1.87m pm)

31.12.24 - £30.5m (£0.40m pm)

31.03.25 - £27.9m (£0.87m pm)

30.06.25 - £23.8m (£1.37m pm)

They still haven't got cash-burn under control, £6.7m cash reduction in H1, at that rate the cash value at year end will be 25p per share and 15p a year from now. A 2% increase in revenue is poor imo

Thx for the link Heid, SIdoti predicting profit of only £500k this year. still no May data for Moccasin, I'm interested to see if May reflects the 80-100 bpd claimed by DB or if it's falling off already. No oil data for Andrews so far. May data for Wressle out on Friday.

I took a modest profit when i could as I cant see any reason why it "should be" 2p or 3p take your pick. at 2p that values the company at £120m which imo is complete nonsense. Q4 production is a fantasy, best case Q2 2026 (maybe Q1). I'll buy in again when it's circa 0.5p

Heid, once we get all the May data I'll try to estimate H1 revenue. Last September Sidoti predicted full year revenue of £6.0m, I estimated £3.9m, the official number was £3.923m so I was just £23k adrift whereas Sidoti was £2.1m out...my estimate was free, I wonder how much Bramhill paid Sidoti?

LR, for me it depends on how well Moccasin and Kedd perform, overall our Reach revenue is far below the promises made by DB. Meanwhile Wressle is falling away - I expect 270bpd or less in May and 250 or less by year-end. H1 will show a gross profit but I think UJO will struggle in H2 if Moccasin falls away as quickly as Andrews. Kedd may make up the shortfall but I doubt it.

I had no knowledge of the placing however I was selling all month as I concluded that UJO was overvalued due to very shaky revenue and ridiculous ramping of Reach assets by our glorious leader. Tomorrow an additional 40m shares will value UJO at over £7m again, that's fine with an extra £2m cash but once that cash wings its way to Oklahoma the sp could fall to circa 3p/3.5p imo

Probably of no relevance but the CS webcam shows that the whole site has had a serious clean up in the last few days

Https://www.sviluppocollesanto.it/2025/07/15/estrazione-gas-no-del-comitato-via/

not sure what to make of this

The H2 2025 drilling programme has already commenced in Oklahoma and is focused on a three well, high-impact drilling programme that offers various primary and secondary stacked pay opportunities, expected to generate substantial news over the next six-month period and beyond.

...if this is true, why no RNSs in Q2 and why no Reach data on the 'Intent to Drill'* and 'Well Completion List' on ok.gov?

(note Sark is stated as Q3 and 'Young' was on the Intent to Drill list but doesnt appear to be one of ours)

Scratching my head here - does anyone have a theory as to why the 6.3m treasury shares weren't part of the placing?