Member Info for JohnHenry

Damping sentiment and driving the SP lower

Seahawk company does not have the funds to test the SMD. Also needs what revenue it is generating from Alkaid

Small time chap the UK gas price was over 300p and the SP was all hype.

If this Sidetrack had been a failure you would be looking at a SP around 0.75p or lower.

SP @ 2.7p was a pure pump based on pretty much nothing but hype.

Todays price is based on Fundamentals.

Small time chap You need to understand market sentiment, FOMO, discounting.

The SP at 2.7p when first online was pure FOMO and speculation way way overvalued,

The SP now reflects fundamentals no fomo no froth.

Singhie your debt figures Outstanding figure will be way out. To infer that Angs will pay down 19M in debt by year end is ridiculous.

Meto2 one word DISCOUNTED

Markets discount, flow rates were already in the price.

Market is working through the flippers from the placing.

Now you can see why i was calling out Push2 and many other posters on here with regard to their ridiculous SP targets on a successful sidetrack. All have since disappeared.

Absolutely but has to be included in the valuation

Cynderlad unfortunately you and many on here seem to be forgetting about the debt.

Cynderlad imho there wont be any special dividend or any form of share buy back until the debt currently around £20M is paid.

At present gas prices, sidetrack and condensate will deliver around £15M p/A in revenue.

Approx figures.

Lets say 150 b/pd in condensate would give around £10,000 a day in revenue around £300K p/M

Cperkin markets discount, already in the price from the previous RNS when the said they expected flow between 8-10 mmscf

In the price around 1.7p with UK gas at 75p

Now to get all the debt paid down @ £20M

Down @ $205

AGM isn’t until the 31st May so they won’t have any authority until it’s passed.