Member Info for LythamSlim8

So approaching $50m FCF per annum from MOU-1 based on those estimates.

Assuming a p/e of 5 (conservative imho - Investors often happily buy at higher multiples for growth) that gives a market cap > £200m.

From 1 well..!

Think you nailed it there Keith - Succinct and enjoyable.

Through the bull like a knife through butter.

Added another 10k shares. Getting there slowly on the down days.

Gold up a little in USD I see.

Just bought 10k. First time in here since the day Trump became President.

Think PM miners will lead the next commodities bull run.

'Gonads on the line' .. Chortle.

How wonderful.

Is there perhaps a system?...whereby an experienced geologist can initially look at satellite images of a prospect and then hazard a guess as to where the hydrocarbons may lie..?

Who's worrying

Henry Hub & TTF prices both weak as p1ss. That is going to affect FCF from the Po Valley gas.

You may well be proven correct.

Still holding a few of these so 20p (from 5p) would be great.

However, the present technical picture is suggestive of lower prices: MACD, rsi, Williams.

Who knows but just looking at the balance of probabilities.

All imho.

'Could'.

Still not found support.

MACD still pointing down.

Could see a few pence wiped off before it bottoms.

You may think £2.68 attractive at this point.

Granted: a huge windfall / bagger / decent return for the punters etc...Yada. Yada. Yada.

Yet if the enterprise value of Guercif was crystallised at that level then just imagine the FCF on offer.

Morocco bankrolls Trinidad >>> Ireland comes good.

A lump sum of cash is good >>> INCOME is better imho.

These lads are only just getting started.

Chortle - Only thing my Dad can cook.

His Dad was a Monkey Hanger.

Rolling over now after a decent run - support at 12p.

Looking good after the raise to 340p by Berenberg.

Opening up now. Just needs a little volume and this flies.

Check out PRD - currently test drilling on the other side of the Mediterranean in Morocco.

https://www.reddit.com/r/PredatorOilandGasPRD/comments/xqaeza/prd_the_sleeping_giant/

Whilst the CNG route seems eminently sensible, a nagging curiousity remains RE: the proximity of MOU-1 to the Maghreb pipeline.

Is it merely a coincidence that a leg of the pipeline runs through Guercif?

Im Yirtzeh HaShem.

An awful lot of bad news priced in to this and yet the SP is still up multiples from the lows of Oct / Nov.

Let's hear the good news now.

That FSS contract is overdue.

The Vice Admiral awarded a CBE by new year, contract next up.

Agreed. Morocco seems to have issues with the stability and consistency of electricity supply. Apparent to me at night time only but suspect it is round the clock. Only mildly irritating in a domestic setting of course but must be an issue for Moroccan industry.

Gas to electric power stations are the obvious solution. Particularly so when solar not an option.

Have to wonder if PXEN will actually last the year.

https://www.naturalgasworld.com/warrego-chairman-backs-strike-offer-102929

Their board is split on which offer to accept. It appears that Mark favours the lower cash offer from Han****.

All hinges on how Han**** view Tesorillo. If they are interested then PXEN's option to increase their stake, may be viewed as an obstacle.

Principled lot that we are, methinks even a fraction of the $18bn warchest would ride roughshod over any resistance from PXEN shareholders..!