Member Info for Jungmana

Https://twitter.com/BOIL_Unofficial/status/1762853158441607671?t=v2RiJcg05YYnNMi_1jPAEA&s=19

That rig will be hired by others soon. That's why they have permanent 4 engineers and technicians looking after it.

Other companies are looking at it as Lorna said and will be hired before the needed by he1 in q3.

Thats a good interview and imo the future is bright here being a unique pure helium play.

to be fair to them, most companies (eg prd in morocco) take 12 plus months to perform an extended flow test after well drilling and he1 will be doing one in 6 to 9 months after drill. thats a huge achievement.

Total spend in 2024 ( site survey, appraisal drilling costs etc for 2024 expected to be about $7.5 million.

Cash in hand by my own estimate about $8 million .

"The Directors consider that the Farm-Up by TIMOR GAP has a value to Baron of approximately US$8.5 million made up of a reimbursement for back costs of c.US$1 million and in the offset of future spend which in 2024 is estimated to be around US$7.5 million.

The Directors consider that the Farm-Up is a significant step towards drill funding, as it demonstrates government financial commitment to Chuditch and provides technical and commercial validation. The Directors also consider that the Farm-Up allows for early engagement to secure a drilling slot and demonstrates positive momentum with the Chuditch project.

Actually the cash level must be close to £7 million and market cap £12 million;

Cash as of last June was £4.6 million and $1 million paid to the company recently for the farm up plus the £3 million just raised in the recent placing.

"We continue to build out our operations, either in support of existing projects or in the pursuit of new opportunities. We are able to do this as the Company has a well-funded balance sheet which more than covers our current activities and commitments. Available cash (excluding monies held as security for the bank guarantee in Timor-Leste) as at 30 June 2023 was GBP4,619,000 (30 June 2022: GBP2,365,000; 31 December 2022: GBP5,807,000)."

Bought total of 20 million shares this morning.

The recent farm up is good news with the drilling site survey ongoing which should be finished by next week.

Total cash in hand must be close to GBP 5 million and market cap is about GBP 12 million right now.

Andy Yeo, Chief Executive Officer of Baron, commented:

 

"This funding, in conjunction with our existing available cash, will allow us to push on with the preparations for the drilling of the Chuditch-2 appraisal well planned for Q4 2024. These preparations will also include progressing drill financing. In a drilling success case, we expect to be able to validate a significant resource to create real value for shareholders."

 

A 100 to 1 share consolidation in 2021 ,

A 6 to 1 share consolidation in 2024

A GBP 1000 invested here before 2020 consolidation will be worth less than GBP 10 today.

What next by 2027?

Wake up punters

In the history of Vast ( formerly African Consolidated Resources) this new shares reorganisation ( ie consolidation) is the third one that I know of.

The last one was in 2021 when the number of shares in issue was 21 billion and a 100 to 1 share consolidation was done.

This reduced the shares to 213 million and in less than 3 years was back at 6 billion shares, over GBP 20 million raised in that period and all wasted on debt , a mine that will never be profitable or some new pipe dream .

Wake up folks. This is simply a lifestyle company.

I bet you a fourth consolidation in 2 to 3 years time.

TRINIDAD AND TOBAGO

Cory Moruga Independent Technical Report gives P50 and P90 Contingent and Prospective gross recoverable resources of 14.31 and 21.41 million barrels respectively

-- H1 2024 well workovers forecast to generate gross net operating profit of US$ 3.1 million in 12 months from H2 2024 to H1 2025

-- Cory Moruga Field Development Plan for P90 Contingent and Prospective gross recoverable resources of 9.13 million barrels gives gross US$202.12 million undiscounted net operating profit (NPV@10% US$85.14 million with IRR 240.9%)

Morocco, T &T , IRELAND. March/ April will be busy news period here;

"IRELAND

The Company has received since its last operations update a communication from the GeoScience Regulation Office ("GSRO") at the Department of the Environment, Climate and Communications informing the Company that consideration of its application for a successor authorisation to Licensing Option 16/26 Corrib South is hoped to be concluded during Q1 2024 and that the GSRO would be writing to the Company shortly in relation to this matter."

PG is confident that the gas will flow with the sandjet system and i believeit will do so. . If it does then 50p here we come in quick time;

"The Company is confident that Sandjet will achieve its objective to establish gas flow

- Analysis of gas samples confirms up to 99.57% methane suitable for CNG development

- MOU-5 Jurassic well planning on track"

 

And by the way we are fully funded.

Imo a buy at this oversold price , hold and let's see where we are in a few weeks time.

GLA

Take note;

"The initial phase (ie phase 1 just completed) is important to us for designing and implementing the Sandjet rigless testing programme which will follow on after the Sandjet operational planning work is completed."

I bought 80k more shares this morning. Let's see where this goes soon;

"Paul Griffiths, Executive Chairman of Predator, commented:

"We are pleased to be finally making progress on the rigless testing programme. The initial phase is important to us for designing and implementing the Sandjet rigless testing programme which will follow on after the Sandjet operational planning work is completed."

Https://www.independent.co.uk/tech/bitcoin-price-latest-halving-prediction-b2498671.html

Https://news.bitcoin.com/robert-kiyosaki-expects-bitcoin-to-hit-100k-by-june-this-year/

From Cavendish

"Any improvement in the macro environment will then drive upside to our revenue forecasts, which will gear strongly to adjusted EBITDA and cash, as management are acutely focused on reducing minimum guarantees and optimising revenue shares for new and existing podcasts. We reiterate our 1,300p target price, and look forward to Audioboom capitalising on its strong foundation through robust operating and financial momentum at the Q1 update, the renewal of key podcasts on attractive terms, and new podcast wins."

Https://finance.yahoo.com/news/bitcoin-reaches-highs-experts-believe-203010434.html

Https://finance.yahoo.com/news/bitcoin-reaches-highs-experts-believe-203010434.html

Once this breaks through 24p we will see 35p in quick time.

BTC going up again today