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Looks like alot more oil comming out soon
"Block 3/05 production averaged 19,500 bopd in the first half of 2022 and has material production growth potential."
Strong buy
https://www.barchart.com/stocks/quotes/NANO.L.IX/overview
I would say its looking good for 30s today
Centrica spending 7billion to import gas, frackiing would be the solution
https://www.telegraph.co.uk/business/2022/08/09/british-gas-owner-ship-7bn-gas-us-putin-cuts-supplies/
I cant help thinking if there's a bid or something, relentless buying and buy orders massively outweighs the sell side
If you look at the order book, 80p likely today then next week
What's amazing is how fast gas can be supplied to the residents,
Potential to deliver 5 production well pads, with each pad having up to 16 wells, which would supply 3 million homes with initial production within 12-18 months with the right Government support to rapidly accelerate the development of this strategic national resource.
Check out the order book, looking very strong on the buy side i think 70p plus shortly
Strong buy signals
https://www.barchart.com/stocks/quotes/IGAS.LN/overview
Net production 4700 and the 2p reserves, it totally undervalue the company, explains why directors are loading up at these prices
"Provide a foundation for Afentra's strategy to deliver material value from mature long-life assets with opportunities for low-cost incremental investment
· Competent Persons Report published, gross 2P reserves increased to 115 million barrels
o Net 2P reserves of 27.7 million barrels
o Net 1H 2022 production of c.4,700 bbl/day net to Afentra
o Core 2P reserves valuation of c.$185 million1 with significant upside potential
· Attractive low-cost entry into a positive cash flow asset:
o Implied acquisition cost of c.$3.6/2P bbl2
o Average annual FCF net to Afentra of c.$36 million @ $75/bbl over next 5 years
Is that 93 trillions cubic feet of gas?
The Group holds a significant portfolio of shale licences, totalling 292,100 net acres with estimated Mean volumes of undiscovered GIIP of 93 TCF (net to IGas, independently assessed by D&M in 2016).
o Potential to deliver 5 production well pads, with each pad having up to 16 wells, which would supply 3 million homes with initial production within 12-18 months with the right Government support to rapidly accelerate the development of this strategic national resource.
381k buy order at 65p
With high gas price's reality is kicking in, government will be begging to get franking started along with the protesters
On order book there's 290k buy at 63p and it's very strong on the buy sides, I reckon 70p shortly
I'm sure igas can help
https://www.theguardian.com/business/2022/aug/09/uks-energy-crisis-response-could-include-winter-power-cuts
Something seriously happening here, has anyone seen l2 order book!