Member Info for maestro1

Kalan

But it will be nice to know q1 figures, 2023 figures were around 13kbopd.

This should start to move up.

Legache

If SD sale was gonna happen within the month they wouldnt have extended drawdown period for additional meagre $700k. Remember interest on the $3.5m is 20%..

Maybe they could have mentioned the interest rate on the loan note again.

All the money faffed away from WG already now SD will take another year and that would be spent too imho.

Look at june 23 accounts and dec 23 finals acc, explain how cash balance reduced by 3m?

The whole aim was to dispose egyptian asset as one and get shareholder approval. This hasnt happened.

All the money from WG has been spent. Imho

SD disposal looks like it will take time, if they spend another 1 year trying to sell that then they would receive less cash. As most cash would be spent on admin fees etc.

Very dissapointing Sdx so far..

In the recent presentation he said montara is around 20% of the production.

So very positive.

I think akatara will be online in june.

Even then still producing close to 20kbopd now. Lovely jubbly

Why the need to drill more wells until the complete sale not done?

The current cash received from WG has already been spent inc admin expenses.

Very dissapointng on top we paying $1.4m in liabilities.

1.4m of that is going to tax liabilities.

So they will get 5.2m dollars, 2m from there to pay for current drill and around 700k of interest to aleph for the year.

Why is sd taking so long?

What do you think a fair price is then?

Tom we have 540m shares now.

Point kalan was makin that with revenue of $425m, jse sp was 80p end of 2022 and that equated to £360m mkt cap.

Now revenue expected to be over $600m and with the new shares getting back to £360m mkt cap will put sp close to 60p.

Current mkt cap 140m.

If we get confirmation of production close to 20kbopd and the credit facility completed we may see a run here. Akatara is extras....

Around 450m shares.. That would have equated to an mkt cap c.£360m.

https://www.lse.co.uk/rns/JSE/total-voting-rights-lpwhap2frsj4idp.html

Kalan at 2022 what was the shares in issue?

Cqn you believe a company producing nearly 20kbopd valued at only 140m?

Value will out eventually..

If you look at the end year results update on 31st jan, they were producing 13kbopd.

Add 2kbopd from the recent purchase of CWLH and montara was producing over 5700bopd so another 2kbopd increase.

Jse will be producing over 17kbopd at moment.

Very undervalued here. Its patiences here, by end of year this could be over 70p...

Just look at i3e, they produce 20kboepd with around 65% is gas.

JSE has over 15kbopd of OIL and both companies have same mkt cap.

JSE is cheap hope in the next few weeks this finally rerates

Akatara will likely be in production in June.

On current mkt cap and price of oil jse is very cheap. Interested to know what production was for q1.

Mkt cap 147m.

What an absolute bargain here...

12 months results you have 6 months to publish them. Interim results you have 3 months.

Been over 3 months since that rns, also why are they paying in instalments and taking so long to pay?