Member Info for Liveinhope

There may be an SP exploding RNS on Monday - there may not be . . .

But I think we all know, it IS coming!

And when it does, how many of you will say ‘bugger, I wish I’d bought a few more at 3p’

Excited to see 90 posts - grabbed a beer and settled down for a long read . . .

However,

More green here than the course I just played!

No no no no no . . . YES!

🤦‍♂️

‘Contrary to what others may perceive we are the ones at the mine head or wellhead if you like and we know the progress we’ve made and we know that this is the most exciting project that we’ve had and continue to have for the Company and it will deliver uh perhaps sooner than some people would like to expect.’

We have proved up the gas.

We just don’t know if it has flowed yet (I haven’t seen the pressure gauge on MOU 3). PG has!

There are many examples of assets changing hands without gas flow.

I am very relaxed with our current bargaining position.

And WTI back up to $99

They are at the top of the spread so probably a broker who doesn’t charge fees and makes his margin on the sell price.

As we transitioned from prospective to reserves - I transitioned from hope to expectation - maybe need a name change.

The two trades at 0958 are my first Bed & ISA - not sells!

It might be $70, it might be $60 - more likely $80 or $90

WTI currently over $110

Who knows . . .

Just hope we don’t get to find out before I fill our ISA’s next week!

$20M pa23 Mar 2026 08:41

IF March gets up to half million revenue and SC 3 settles at ONLY 500 bopd, that is $20M pa.

At $80 per bopd

I now consider this number to be very conservative.

IMVHO

O&S

Nice long bank holiday weekend. Market reopens on Tuesday when new ISA allowance is available!

PG mentioned that TT wells are valued @ $20,000 per bopd.

Using as an example, NABI @ 1000 bopd (30% to PRD = 300) & Snow Cap @ 1000 bopd, gives 1300 bopd or $26,000,000 (£20,000,000) which could pay a spl div (800m shares) of 2.5p.

If we operate TT and achieve ave $80 per bopd, that generates $37,960,000 (£29.200,000) divided by 800m shares of 3.65p

So an annual dividend of 3p, leaving £5,200,000 in the coffers.

I think the price would need to be considerably higher that $20k per bopd to make that option attractive.

Meanwhile, WTI within a few cents of $100

That was before we had an income stream.

I have assumed $80 X 500 X 350 days.

IF March gets up to half million revenue and SC 3 settles at ONLY 500 bopd, that is $20M pa.

I now consider this number to be very conservative.

IMVHO

Brent 113.3

WTI 100.2

MURBAN 160.5 (the price being paid today!)

Brent 113.5

WTI 100.6