Member Info for Jamesthesecond

Recent fee placing stock must be almost cleared by now which is depressing the price. More nibbling at these prices. Hopefully finance RNS soon ,its only a few years late, and we can rocket.

its a leaky ship and the volume is telling a story.

someone is definitely accumulating cheap shares daily.

they are stuck in this trading range.

This finance has been going on pre-covid times in some sort or another. Will it ever materialise?

Production costs top range would be £2.4 PA. Net profit from SFBY should exceed £25 million PA at a conservative level and the accumulated losses will come in handy in the first two years of profit. PE should be closer to 10. While there may be some 4 billion shares in issue , one should take into account the proceeds of warrants which will reduce finance costs. Overall, we should be looking at an SP in the range between 3.2 pence to 5 pence on a conservative basis. None of this takes into account other unexploited assets which do not require a huge amount of capital to develop to full capacity.

My speculation is that JA has asked more money from the bank to fund the drill and it has procured pre-agreed placing funds/equity to consummate. It is the additional funds which are taking time. Either way, it will all become apparent soon . FWIW, the assets/licences of the company are worth more than its market cap and perhaps JA should consider selling on one of these at a decent price considering the plans to exploit the same are too far away in time and there are no funds.

Following the setting of the well completion production tubing, well clean-up operations will be conducted in the middle of March once coiled tubing equipment becomes available. Flow testing will follow shortly afterward and, assuming coiled tubing services are available at the scheduled date, the additional flow from this well should be available for export from 1 April. The Company will announce results of the flow test once complete.

The Company is confident from the electric logging, mud logging and gas shows in the reservoir section that the well will be a successful producer. Furthermore, the well is drilled alongside and replicates what was previously the best producing well in the field. Technical detail on the final pathway will be made available on the Company's website and social media pages later today.

Wet commissioning of the second compressor began last week and we expect successful full running in the coming days and are confident that the unit will be available for duty well before 1 April.

someone nibbling dumped back the stock bought an hour ago. What a gift to MM.

someone is nibbling away now.

MMs dont want to part with stock is a very good sign.

By the time all warrants have been exercised we will have about 4 billion shares in issue and another £5 million in the kitty. The short term finance of £3 million is indeed SHORT term and will be rapid through £££ from additional gas production starting in a few weeks.
The interest of finance providers are aligned with us and they do not want dilution. Meanwhile, they are taking more shares at 1.65 pence via warrants.
GL has been side-lined with a better CEO.
The new CEO will progress matters far more efficiently and cost effectively.
We will see additional £££ in a few weeks as the second compressor trials starts kicking off . Everything to look forward too in the very short term.
The storage option, in its own rights, is MEGA.

We have a new CEO. Existing warrants will be converted. More production ££££. Plus storage worth millions . Whats not to like. This should go much more than double this month.

anybody seeking 5 pence plus SP

Tower is seeking additional funds from the bank and to that end the placing with institution is relevant. The placing is to sort the short fall. Now that is signed off, the bank funding should be sorted soon. That's my speculation.

couple of 900k buys reported late

wishing you well for the future. upon your experience i too will do the test which has been sitting with me for a few months now. Good sincere advice.

Asher 7- you could be spot on

Even if the "laws" was true laws can always be rewritten!!!

Angus may announce success and significant gas all at the same time. here is hoping!!!