Member Info for ManxKippers

Yes. Compare that to the brave sole who dropped 1,000,000 shares at 8.40.

That caused a slight dip but the sp is proving quite robust and demand is strong.

Oil prices rising due to Res Sea troubles.

That could help push things up a little.

All views welcome, whether they be glass half full or glass half empty.

My guesses were based on what Hamm also thinks.

LP issued and new blocks awarded must be worth over 12p.

Well and new wells pumping oil and revenue from Heron must be worth 30p plus by the end of June.

Stronger revenues plus other upsides from renewables should steadily increase the SP up from mid 30p per share at the half year point by double to the end of 2024 as the revenue becomes evident and the balance sheet gets stronger.

All of this assumes borrowings, revenue growth and without share dilution.

End of year fanciful nonsense.

Here are my SP predictions for 2024.

End of Feb 2024 - 12p per share.

End of June 2024 - 35p per share.

December 2024 - 60p per share.

Anyone else like to pin some numbers on the board for 2024?

Happy NY to everyone.

And back to kindergarten we go!

So so boring and frankly pathetic.

Hello, Vikinglass, seasons greetings to you and all of that .

Assuming MB has given an open and honest update in his RNS, (it would be illegal if not!), then we can expect to see oil and revenue pump within the next 4 to 5 months.

Once revenue is turning, the SP would be higher. I personally do not mind a funding round, as long as it is based on a decent SP so as not to dilute too heavily. Somewhere circa 35 p per share would be ok in my mind.

That said, with 850 BPD from the one Heron site and an expected gross margin of around $45 per barrel, this equates to about $40,000 margin per day. Or one new well every month, which would multiply up quickly the more wells you sink, assuming the same flow rate.

That would be hugely easy to go to the markets to borrow and easy to service as a financial cost as well.

I don't foresee there being much justification or excuse for doing a raise at these SP levels.

This is my hunch.

OPEC reducing supply to maintain a higher oil price. Nigeria has left OPEC as a result. A small concern that hopefully won't materially impact anything.

Oil price above $80 a barrel. Global position seems robust to the current inflation and interest situations with both looking to fall back to normal levels in 2024. Oil price projections between $80 and $90 a barrel in 2024.

All looks good to me. Enjoy 2024.

Good little increase these last three days.

8% a day gentle rises will be wonderful. Let's hope WOS is right.

Thanks WOS for keeping with this BB and the posts. It is all coming right for us all.

Best to all.

Back above $80.

We really could do with a good RNS today......(ha)

Good day yesterday. Nice to see this spring itself and seeing the mood and excitement form into a mostly United and happy BB.

Lots to look forward to now and I think it will only be a matter of a week or two before the really solid RNS' state the solid bricks for operations to commence and now firmly in place to pump some revenue.

Smile everyone. Lift off is now on countdown.

Not a lot. A few thousands each. Easily sorted and without pain.

Sorry, try again.

Totally with you Doc. Winning the options on the new blocks is key.

They have to start pumping revenue from Heron to then easily scale up. Borrowings against income to funds well roll outs and protecting sh against dilution through fund raising.

It will all work and we should see a good uplift now.

Totally with you Doc.

Winning the options is key for the new locks.

For total clarity. MATD being confirmed as the selected contractor for both new blocks on the tender round. Still in process. But seemingly out blocks.

Very happy with the RNS today.

2 new blocks confirmed for Matd.

Last one remaining issue to sign off on for LP. Production expected to flow at the start of the next season.

Happy Christmas everybody. What more could you want?

Keep calm everyone. I feel sure the RNS is coming soon.

Come on Landicaamans.

We have moved from the season of Spouts to the festive season of Sprouts! Both are associated with gas and hot air. One more odious than the other.

Tis the season to be jolly, tra la la la la la la la la la!

Agree master82. Soft fluffy platitudes without consequence or impact.

Gently establishing the profile only. Looking over the mine and showing the scarred land whilst stating they were extolling the benefits of mining seemed a bit of a stretch to me as a pr post!

Equally BP, I hope you will be gobsmacked, like the rest of us!

Here's hoping anyway!

Christmas is almost upon us and the turkey has grown plump! Is it now time for the big present?

Traditionally Christmas presents are given at different times depending on the country. The UK gives presents on Christmas day when in Spain they give presents on January 5th, known as the Three Kings day, when the kings gave their gifts to Christ in the stable.

The obvious gift here is the share price sitting at 2.9p ps with the upsides of the LP being issued imminently being huge. All assumptions are that there is no corruption and the LPs will not be held to randsom by more petty politics and skullduggery.

Are we going to see the RNS stating the LP is issued during this festive window? I am not sure, but it would be great is it comes along.

Best wishes and good luck to all.