focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Its hard to say for certain until the latest results have been released from REVB to compare against but looking at previous financials ELF have roughly had double the revenue of REVB for the previous 4 years and made a small profit where as REVB have not. I think it does highlight the potential though for REVB if we can turn things around and become profitable.
If the Blyth H2 well is a success and we are producing 20-30mmscf/d on top of the 15-20mmscf/d form H1 then we will be producing somewhere between 45-60mmscf/d combined, even at that lower end of 50mmscf/d and at todays gas price of £1.85 that equates to:
50mmscf/d=514123 therms
514123x£1.85=£951,127.55 per day
£951,127.55x365=£347,161,555.75 per year
£347,161,555.75÷2(50%to Cal Energy)=£173,580,777.87 to IOG per year.
£173.5m per year to IOG, not bad for a company with a £26m market cap.
"IOG plc ("IOG", or "the Company"), (AIM: IOG.L), the Net Zero UK gas and infrastructure operator focused on high-return projects, provides a corporate update in advance of the Company's full-year 2022 results, which are scheduled for release in March 2023. The information contained herein has not been audited and may be subject to further review."
In any case we will hear either way by Tuesday the 28th February whether of not the accounts have been finalised/released and suspension is lifted, an extension to suspension has been applied and granted, or we are delisting, what's another week and a half after near 6 months waiting.
You are correct, although:
In February 2021, the Issa brothers and TDR Capital acquired Asda. Walmart retains "an equity investment" in Asda, a seat on the board and "an ongoing commercial relationship"
To be honest, I never knew that but it appears they still have a financial investment.
The owners of Walmart in the US also own ASDA in the UK, I wonder if a similar deal can be struck in the UK to Revolution Beauty products in ASDA, they have a bigger footfall than the other outlets they are stocked in.
"You would have thought that might have been worth an RNS!!"
They don't need to just yet because the information is not price sensitive as we are not trading on the open market, I'm sure they are lining up a mega RNS for the morning the suspension is lifted, this is fantastic news, great find.
And don't forget:
"- The planned Blythe H2 well is intended to increase production rates and limit water production from the reservoir, which would alleviate onshore water handling requirements"
Thanks for sharing SPA, hopefully that means they have isolated the required zones and stimulated the remaining zones and testing started, they did say it would be done in the coming weeks which we are now in the end of, an update and flow rates shouldn't be far away now?
I'm hoping we see plenty of updates upon suspension lifting, in nearly 6 months surly there is plenty of progress that needs to be released to shareholders beforehand, I can't imagine they have been sat idle that whole time?
Does anybody know the value of Coro's 15% stake in the Mako gas project after Conrad's presentation released yesterday?
In the presentation they have gas sales worth 4.5b US dollar's, is it as simple as taking 15% of that amount minus contractor fees and tax?
15% of 4.5b= 650,000,000
minus 23% contractor fees=519,750,000
minus tax@50% (quick google search shows 40%-60%)=259,875,000
divided by the 12year production life=21,656,250 per year to Coro?
Disclaimer- *** packet calcs at best. Has anybody else done the math?