Member Info for JohnHenry

Imho MRS are on a forward PE of 1.5

The decline and derisking started after the Deep Dive presentation, where it was clear the presenters were being very cautious and lacked confidence in the drilling compagn

Imho Many peeps started to derisk after the Deep Dive conference. It certainly didnt fill you with confidence.

Its looking increasing likely that the Paleozoic maybe burnt out in SOU acreage, so the really big TCF numbers may not be in play.
TE10 will now not drill through the Paleozoic but just penetrate.

Parsons skin in the game has been sold to take up options which @ todays price are pretty much worthless.

LONGWAIT what value do you put on the 0.65TCF discovery.

You would notice from the RNS that they are know only drilling 50M into the Palaezoic @ TE10

Palaeozoic total depth also changed.

Icarus69 how an earth have you made that assumption since it IPO in April, evidence please.

Speculator are you for real, read the RNS 5th Nov

There is pivotal support around 25-27p but thats going back to 2015.

2016 pivotal support around 17-18p

chart pointing towards 24-25p

Show of confidence.

Dropped because there was 25K in sells.

needs filling with some PA

JB1982 Arent sellers causing the drop LOL

I hold shares in ANGUS average 7.25p however i was simply highlighting a reality check on the ridiculous valuations being posted on here.

Hopefully, but the market wont give ANGS a value 5-10 times that of other Producers.

P Vonk is talking rubbish, the market is valuing producing oil companies around £10M for 100bopd not £100M

ANGUS is no different. MARKET sets value.

Comparison ANGS producing 200Bopd MKT cap £60-80 M SDX producing 6000 Bopd Market cap £100M

bfc1 have you actually looked @ other producing oil companies and seen the MKT cap the market is given them.

SDX AMER RKH etc

YOU are in absolute dream world if you think the market the market is going to value £30-40M for ever 100bopd

Try a tenth of that and you will be close to the values given to small oil producing companies.