Member Info for Jim800

So the tech chart definitely confirms it might go up or it might go down.

Thanks, that’s really helpful :-)

Not very cheery.

Can’t move the stuff we pump out of existing wells so slowing that down drastically.

Starting up new locations going very slowly.

Still no sign of a producing acquisition outside of KRG.

Not much for the market to like today.

Think when a US listing was first mooted they intended to list once market cap was over $2bn. Recent share price slide seems to have put that on pause til it picks up again.

It’s not just being left behind, VLS had strategic agreements with big partners who subsequently walked away.
We’ve been overtaken and then left well behind.
Perhaps Wizz were swayed by a cheap way to empty the plane toilets rather than the technology of financial prospects for the company?????

Not sure you can say they have an exit plan. Exploratory drills in other dubious areas - and their record on new wells being productive is pretty poor recently (before they start on write downs).
Huge lawsuit with a bankrupt defendant - doubt there's much chance of anything there.
Declared strategy is to peruse M and S exploratory operations whilst looking to buy a producing well - the latter is where the focus and immediate returns might be found.
Still holding for the dividend but SP movement in the next few years will only come from confidence in certainty of KRG / Iraq exports with regular payments or an acquisition with immediate impact on the bottom line.

From Annual Report dated Mar 23:
"Raised our weighted average hedge floor on natural gas production to $3.63 per Mcf at 31 December 2022 from $2.97 per Mcf at 31 December 2021 further emphasising our ability to take advantage of an elevated price environment. Subsequent to 31 December 2022, we continued to elevate our hedge floor on natural gas production and presently
maintain a 2023 hedge floor of $3.83 per Mcf."
Their quoted strategy is to continue to raise the hedge floor - so I guess they'll be hedging when they can get more than (or close to $3.8 per Mcf. So perhaps more hedging on pause. Update at AGM on 2 May perhaps.

Ace,
If you're going to quote numbers then get them correct.
A few weeks ago I pointed out that all the numbers you quoted re dividends were a factor of a thousand out (presumably because you didn't read the numbers correctly in the accounts) and now you're doing it again.
Don't quote a cash generated figure of 1.2Mn dollars when it is 1000 times more than that.
It's misleading and you lose credibility if you can't read the accounts / convey the numbers properly.

i thought shorting as well - but can't see any evidence anywhere yet. Lots of very small trades in both blue and red today. Is that an attempt to move price one way or t'other? Can't believe PIs are really buying or selling those amounts. Anyone know if volumes over last few weeks have been significant?
Hopefully they'll do some magic at the AGM to at least set a floor here Guess we're in the "the market can remain illogical for longer than we can remain solvent (or patient)" phase of investment. Might just go and cut the grass.

Jockanese - you’ll never get it til after your Irn Bru and square sausage sandwich.

Think as only news is oil flow problems, payments not received, arbitration ongoing, no idea who is in charge in KRG / Baghdad, the fact we’re operating in contravention of recent Baghdad court rulings etc etc I think they’re better off just keeping quiet and working hard in the background to see what they can improve then report on.

If you want an example of what poor cash flow management, leaks prior to placing and dubious loan arrangements can do to AIM companies take a look at the WBI forum.
Down 60% in a day after lender pulled the loan and big holder dumped all their shares. Yet still holders averaging down!!!!
Pipelines of projects for vanity, cashflow for sanity.

Any relation to SpongeBob SquarePants?

Annual Report now 5th May - later than last year.
Lots of recent good news to add in?
Or CFO struggling with his crayons?

Hopefully the former - good buys already this AM.

You’re obviously right Buckler, that’s why EQT, VLS, Getech and other green AIM start ups are swamped with companies making bids for them.
Oh, wait a minute, they aren’t! I hold all 3 as long term punts but there isn’t any profit in next few years and 2 of the 3 likely to fail.
Apollo are after immediate profits, not a potential profit in 10 years.
I reckon all ICE targets will be overturned, electric infrastructure still isn’t there for anything other than short distance driving on your home charge.
If you have to resort to personal abuse you’re probably a bit lacking in rational argument or intelligence.

Some good posts on the elephants. Funny how some investors see the bad elephants and others the good ones.
I still think fund / bank ESG policies and failures to understand how the accounts deal with hedging are SP drivers as much as gas prices and supply and demand in the US.

Nice resolution you two! Much more mature than the childish drivel and willy waving on other LSE forums.

In 10 years time H2 planes might have a small share of low capacity inter city flights, they’re never going to replace large capacity long haul or international travel. That example could only do 5 minutes of cruise (not take off or land).

"Apollo for wood then Apollo for eqtec"

Why????
Are you expecting Apollo to also bid for everyone Wood ever spoke to?
They want an Oil and Gas consultancy company at the start of a significant upturn in Exploration and rig / field Development, not a niche technology company who don't yet have a clear route to profitability.

Think they realise that cutting the dividend would have a massive impact on Share Price so not an option.

Every presentation they have done has focussed on a sustainable return to investors.

Thanks for the tip. I have read the RNSs - without rose tinted glasses, so in order:
21 Mar - Equity Raise: Specifically 1.3Mn to progress Croatia and France MDCs (not complete, not fund til end of 23, just progress), 0.5Mn to support business continuity and partner development - including reprofiling loans (again no end date ) 0.2Mn for R&D aimed at 2024 projects.
They do say generically the rest will support 2023 efforts and 2024 project opportunities - but not much detail there!
23 Mar - French Govt award of 1Mn Euros for a feasibility study - so extra work but nil guarantee of income anytime soon other than being paid the costs of what EQT do.
27 Mar - Project award with Idex. Great news but no mention of payment schedules or likely income in the RNS.

Now by all means believe paid for broker notes, AAndi's Telegram thoughts etc etc but these are not formally released cashflow projections or accounts or in any way independently verified. EQT's record on honesty and realism is questionable at best.

Not forgetting we already have a £5Mn loan plus costs to repay. Your list of jam tomorrow possibilities and coulds, shoulds, mights is not what a company should be basing cashflow forecasts on. None of it guarantees EQT can survive 2023 with the current money in the bank.
I hope they can but saying they categorically have enough to survive 2023 is plain deluded.