Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Talk of the second development well is far more interesting than a little water, which was expected and easily dealt with.
"The contribution of formation water has been long expected at the W1 well and we are prepared to handle the water. The size of the oil accumulation within the Ashover Grit formation is still expected to be at the top end of the original CPR estimate and I look forward to updating the market with the updated reserves once the new production data has been incorporated into the dynamic reservoir model. This will ensure that the second development well is drilled in the optimal location and that the recovery rate is maximised."
Georgio Bertuzzi worked for ENI for thirty odd years and has an encyclopaedic knowledge of at least dozens of gas deposits all over Italy. ENI only worked on the largest finds and even with those, some of them were exited early. I met him several times in Italy and in London. Top man and extremely modest, but what’s in his head is worth millions.
Stevehoops
“ When investors realise just what we might have ,there will be quit a rush ???”
KDR is very illiquid, imo. Someone was bidding for shares through one of my brokers a few weeks ago, but I’m guessing they took the recent placing.
Someone usually knows something, somewhere.
I wasn’t pricing any of the nutritional side in anyway. EVG has enough first class cancer research bodies working on SFX-01 to be the mother and father of all blockbusters.
Mcap of £8.8m, £5m of which is cash, with a sp target of 19p.
Cheap. IMHO
Bigkahuna
Have you had a change of heart since April 14th? The sp was 20p when you wrote the following.
“ Absolutely agree, if MBU has sold 29.9% of the Company it will create strong demand from investors who were not comfortable with MBU holding a controlling stake. BEN shares are very cheap on fundamentals.”
You haven’t been trying to trade Ben, I hope.
Https://twitter.com/share_talk/status/1684519017162358784?s=61&t=kysJELnhBvhfjx58VYiz8g
9 minutes 18 seconds in.
Stay above 3.6p, first target 7.3p, second target 9p, as soon as the start of next month.
Looking extremely good.