Member Info for LythamSlim8

Back in to these today. Price has been in a narrowing range all year - now looks to be decision time.

Should breakout one way or another, hopefully upwards.

Cabin crew prepare for take off.

Yes, that was my thinking.

News from Warrego on Spain and also PVE on Italy. Not massive but progress nonetheless.

Fact is there is a pipeline (!) of news catalysts for the SP. Sufficiently underpinned imho by the current projects and ensuing FCF to take earnings to around £40m pa and justify a £200m market capitalisation (based on a p/e of 5).

This opens up over the following sessions.

RNS tomorrow then?

August, September & October this has raced out of the gate on the month first trading day.

This looks promising.

Above 10p is a break of the recent pennant formation.

Show time?

Check out their website for details of reserves and also potential flow rates for the Spain / Italy projects:

https://www.prospexoilandgas.com/home/

As you will see, this has the makings of a monster.

Personally not a fan of wind turbines. The powers that be, however, appear to favour them and you have to suspect they will be in demand for the foreseeable. If the Belfast Harbour project that mcadder mentions is a goer then it could power a considerable boom at H&W.

Now what say the dream ticket of PM Penny coupled with Ben Wallace eh? A leader with her Naval & maritime pedigree would inevitably mean some big projects.

She is of course named after the Arethusa-class cruiser HMS Penelope built by H&W in 1934.

Volume has dried up. Might need some permit news to regain upward momentum ??

Looks weak over the last couple of sessions. Down to gas / electric prices on the continent taking a hit?

£2.7bn business eh? Jumping the gun a little there.

'It is very interesting to see that insiders have a meaningful UK£1.1b stake in this UK£2.7b business.'

https://simplywall.st/stocks/gb/energy/aim-pxen/prospex-energy-shares/news/the-recent-uk35m-market-cap-decrease-is-likely-to-have-disap

Who writes this claptrap? Can only assume it is auto generated and the computer has misread pence as pounds lol.

Very thin trade so far. A few sells though don't see any volume selling.

Of course pension funds are under pressure to sell assets but there are no institutional TR1 holders here.

That could be it for the pullback.

Yes. Check out the candlesticks on the daily chart - this has really opened over the past few sessions.

Big move coming.

'Large streams from little fountains flow, Tall oaks from little acorns grow.'

Good points made on this thread. Just to add that East Selva is also a monster that just needs tapping. It is almost 3x Selva.

PXEN already looking at revenues circa €25m pa for the current projects and also with bigger some assets in the pipeline. Once an outfit has established FCF, the market will attribute a premium for growth. My view is the value here equates to around £100m market cap on a p/e of 5 (modest imho for a growth stock).

Kev said this morning that BP and Shell may take the gas - given the current energy emergency, a big energy co may just take the whole shaboodle.

Looks ready to blow.

Already on it - Jon.

Some decent sized candlesticks on the daily chart - this is starting to open up now.

Could see a positive response on Thursday morning after the Po Valley Energy presentation which takes place at 2am BST. An update on the progress of the km of pipeline would be great.

NT again.

Big move incoming.

All this needs is a few soothing words from the new PM.

Go Liz!