Member Info for Jamesthesecond

Panic is being created when the production and gas prices are both going up. Further and substantial increase is expected over the next week when the second compressor kicks in. This is the time to accumulate for much higher returns. Just added a few at 2.12

I am in agreement with your short term target of 4-5P around Xmas ,subject to success in milestones being achieved. However, valuation should be double that on fundamentals

The first thing to analyze is the activity in the near future.
1. Second compressor installed with improved stability and flow rates within the next 4 weeks.
2. Sidetrack in and running to help achieve the same as above before Xmas-given Angus is habitually late.
Effectively we should know before Xmas this year about steady production and sales.

Profits will be a lot higher as the gas prices are much higher and there are massive tax losses available for relief. I expect an average price of £3 per therm over the next 3 years at least and that is where most the production is. From Jan 2023 onwards, we should achieve full production capacity and simple math is half of the production is headged and the other half not.
Therefore 1.5 million therms at .40 net of expenses is £600K per month and the remainder at £3 equates to £4.5 million a month. Total revenue per month is a comfortable £5.1 million a month.
Any higher gas price or increased production (would not hold my breath considering past/current track record) will be a huge bonus.
Any further discovery of gas in the existing field will be another bonus.
And in a few years , gas storage valuation may kick in which too is worth heaps of money.
Based upon the above , the company valuation should be at least £300 million NOW equating to 10 pence per share with all warrants issued. And IMHO revenues ,prices will make this very apparent in Q1 2023.
Just need patience with nail biting skills.

usual story

RNS was economical so that mates can get in cheaper. Expect lots of published heavy trades after market close-just like yesterday's 400k and 115k.

There are multiple news due and this should be valued at least around £300 million plus. we should be hearing from the company today/tomorrow . Day traders are punting in and out but investors here will make the real big bucks.

a 10 bagger is a very realistic possibility but the company needs to deliver in good time. we should be selling gas next week. we should be able to bring the second well online within days since we are supposed to have learnt from the 1st well. effectively we should achieve full production/sales next month.

the current share price reflects investors relief to witness the plant is working and gas flowing. The next trigger point is selling the gas after successful 8 hour test. Then another trigger point to bring the second well into production ,hopefully, without issues/delays. Full production at 10 million will be another trigger. and then comes the side-track. Lot to look forward to. Company valuation should be £300 million plus based upon gas prices.

Finally we get RNS we have been waiting for. Patience finally paying off despite all the shenanigans from plant operation. Valuation of the company should be close to £300 million. Lot more to go.

GL should not have spent any money if the plant operation was doubtful. The incompetent and negligent BOD have caused this .

TELLING US THE HIGH GAS PRICES IS LIKE ADDING SALT TO INJURY.

Ocel;ot-GL has messed this up BIG. The incompetent deceitful person has lost heaps of revenues.

GL is most unreliable and deceitful. He knew all along that he has failed miserably and yet he lied consistently about gas imminent.

GL is deceitful and a confirmed failure. the entire BOD should be reported to the authorities and disqualified for life to be a director of any company.

the hate is being fed by none other GL himself.

its outrageous that GL has not updated the market. Hiding behind bogus tweets don't do.

Tygra- There is no new problem. There has been and still is just one problem. Deceitful and incompetent Lucan.

Its beyond outrageous that GL has failed to update the market despite tweet of Monday morning. GL relentlessly continues to deliberately mislead shareholders day after day.

Still no RNS after 2 days of tweet . GL is a joke.

days are turning into weeks and the incompetence of GL is reaching new highs