RE: Re: Price14 Oct 2018 14:51
Ian_: that's a first for me! Printing posts and adorning walls with them. There have been many suggestions about what BB content might be printed and then used for, though as I say, yours is new.
It's interesting that MiddleEastMoney has apparently seen all SOU posts removed:
http://www.lse.co.uk/member-info.asp?nick=MiddleEastMoney
-258 posts and not a single one on SOU. However a search on ADVFN (again rather interestingly) shows 250SWB cutting and pasting MiddleEastMoney LSE content & reply to that platform -so I can see that indeed there were once MEM posts on LSE, intertwined with 250SWB. Hmmm.
I found it interesting at least to note that MEM claimed to be a commercial pilot, which may or may not motivate others to apply gravitas to his opinion on O&G plays (to the point that they're printing them out!)
As you say there's not much content from MEM though the ADVFN search did reveal MiddleEastMoney's imput on another sector play: MSMN. Positioned SEP15, at around 6p. It's similar in format to your printed SOU content and includes the forecast:
"Remember also the 4,500 bpd is just over half of what the facility can handle (8,000 bpd)
3,150 x 365 x $80 = $92m at ($1.55 = £1) equals £59m
Using a multiple of 6 to arrive at a Co Valuation
Company Value approx. £360m @ 177m* shares = £2.03
* Note further small dilution is possible*
No allowance for Gas, LPG or Electrical Production
No value attached to the $100m Facility
No value given after new CPR to add any Reserves
But you could assign $4pb but how many Barrels ?
No allowance for Murchison
Now be really pessimistic and reduce everything by 50%
Share price £1.01 or x 20 bagger on todays price
Or be optimistic
Assume Murchison is a reasonable success (mid NPV figures)
New CPR, adding some value
GAS, LPG and Electrical Generation add $36m pa
Share price possibly somewhere north of £4.50"
MSMN has yet to "fly" (sorry) to any of those prices, and instead has settled at 0.5p. One then wonders, if there might be another, somewhere out there, in the finity of the internet, with that MSMN post slowly browning with age up on the wall, blu-tac stains beginning to show through the paper.
...who knows?!
Sign In
Follow the stocks
