Member Info for L2analyst

This should be over 200p a share, market is making a fool of its self, this is a fantastic deal

Transaction Highlights

Ø Adds working interest 2P reserves of 113 mmboe as at 31 December 2020

Ø Adds low-cost 2021 forecast working interest production of between 33,000-38,000 boepd with an opex/bbl of

Ø Two-thirds of production from the Assets is gas weighted, adjusting Cairn's current hydrocarbon split towards gas

Ø Significant Cashflow from Operations (CFFO) contribution: average CFFO[1]  for previous three reported years (2017 - 2019) was ~US$140 million net to the interests being acquired by Cairn

Ø Enhances near-term growth opportunities with 2C contingent resources working interest of 49 mmboe as at 31 December 2020 to Cairn and significant exploration potential remaining

Ø Cairn, together with Cheiron, plans to finance the Acquisition with a new joint acquisition reserve-based lending facility of up to US$350 million, joint junior debt facility of US$100 million and existing cash on balance sheet

Ø The economic effective date of the Acquisition is 1 January 2020. Production for the assets being acquired averaged 83,000 boepd (Cairn working interest of 41,500 boepd) in 2020

Simon Thomson, Chief Executive of Cairn said:

"The divestment of our UK producing assets as they move into decline phase, will further strengthen our ability to pursue Cairn's strategic goals and position the company robustly for the decade ahead."

I think news is very good sometimes market is blind and takes time for it to sink in

Still drilling!!

https://www.rt.com/business/517485-oil-surge-saudi-terminal-attack/

My take is this whole area full of copper and gold mineralisation, hole 5 mineralisation from 45 m

Theres a gap at 9p that needs to fill, if u believe in chart

Very tight free float so any good news and this could really explode

Following this transfer Mr Fanning owns 9,495,864 ordinary shares in the Company, representing 2.1% of the issued share capital of the Company.

 

Further to the above, San Leon announces that it was informed on 22 December 2020 that funds managed by Toscafund now hold 330,570,719 ordinary shares in the Company, representing 73.5% of the issued share capital of the Company.

This is on a breakout, getting quote to buy at 18p for 20k shares

17.40p to buy

16.85p to buy

Surprised this hasn't moved up yet along with the oil price

Over 8p shortly imo

Small amount of warrants exercised and market took this down, you got to lol

7.67p to buy now

Dummy buy for 120k shares quote 7.68p

Red thank you for the pictures, its absolutely no brainer I suggest all who have invested see the pictures of the core! It's great

Try buying!!

Could be some on margin calls on cfd or spreadbet trading which means they may either be forced to sell or put more cash in account, I'm holding

All my shares in red