Member Info for Markjenn53

Hi All, still struggling with working out Revenue v Boepd v oil price but using my flawed formula as a rule of $19.2/2327x1567=$13M
Last year realised oil price was $68.9, it now stands at $108 an uplift of 57% on the $69
So going a bit conservative a 50% uplift on $13 puts revenue back at $19.5m

ASD-2 now online c 462 bopd net which is not included in the 1567 - potential for another $6m over 12months so lets say $4.5m for 9 months 1st April onward

That would take revenue up to approx $24m

ASV-1X
AJ-14
ASH -5
A 5th well

So struggling to see any downside at the moment, fully funded for the year, likely revenue well above 2021 and could be significantly above that if any of the other wells become producing in Q3/Q4

Edd is pleased
He must have his rose tinted glasses on or has been smoking the Jamaican woodbines I think

Yes its pretty crap, read the full accounts now, europe and Asia were actually very good
Canada and USA a write off

They have already shut socati, all employees gone, selling Montana facilty for $2.5m

N8 shut and assets sold
B8g swig shutting now

Correction
Socati was all shares
23m @ 1.34 cad$

Socati have a 22,000sqft production facilty in Montana and have just bought another facilty in Kansas (Nov 21)
Definitely something going on there

Big swig and N8 was $2m
Socati $25m
The intriguing thing with Socati is that they have just bought (Nov 21) a facilty in Kansas so there must be a plan of some sort

Yooma ??
Q4 revenue more than current mcap

And ??
Leap don't do poker games

Dont rise to it :)

Interesting paragraph from the Whittle interview

On the virtual side, we have noticed that games that fall into the ultra-real generally perform better as these capture the imagination of players in a much more engaging manner, therefore we will meet this market demand with our Ultra-Real Virtual Racing products later this year.

First one is out Horses Streak

Same by the look of it, expanded explanation though

Nice, AI mentioned and last paragraph

IMG ARENA delivers live streaming and data feeds for more than 45,000 sports events annually, as well as for on-demand virtual sports products and front-end solutions

Why mention that ?

I agree, Leap is the only thing likely to shift the sp at present
Cannabis out of favour at the moment
Eurox update put circa £2m onto Seed nav, what did the market do ?? dropped sp by about £1m

found it
Leap was "Independently valued and audited by Scalar" for the valuation included in the Interim accounts to Sept 21

Also fyi Yooma is worth £165K to Seed at its present sp,
Yooma market cap CAD$ 6m
Lets see what the accounts bring, they were confidently predicting revenue for Q4 north of 6m CAD $

According to Seed's accounts it is a fully independant valuation of Leap, If I remember rightly in a interview Edd even said which firm did it

It includes the Leap figure from the Interim results Dec 21 which is too up to Sept 21
Seed's 43.4% worth £9,254,000 ( making Leap in total worth circa £22m)
Since then Seed have taken a further 3.66% making there stake worth just over £10m

So either the Leap valuation is correct and the market values everything else at zero, or Leap is worth zero and the rest of the pf is worth £10m
Or more likely the market is valuing everything at 50% to be on the safe side

The 3.66% is extremely relevant if you have done any deep digging

It's reacted to something, 50% below nav with the below included at those sp,s the nav is still 10.11p
Leap last reported sept 21
Huge upside imo
Yooma @ 0.06 Cad
Lgp @ 0.35 Aud
Portage @ $6.63
Eurox upgraded to £4.2m as update

Yes thats exactly what I did
I can't equate boepd to year revenue, so still playing with the numbers
In reality the uplift in oil price will more than cover the drop in production

I'm not convinced there will be much of s drop in production though in H2

Also on the ASD2 well they say "initial rate" is this likely to increase or decrease ?

Revenue last year based on average 2327boepd was $19.2m
In theory if they only achieve 1567 boepd then revenue will fall to approx $13m
It feels as though they are being conservative in there expectations ?

Not dabbled with Oil/Gas previously so its taking me a bit of time to get my head around the terminology and facts/figures

I am still researching UOG so i can get me head around it all, potentially looks very cheap to me
BUT I have a couple of questions for those who are in the know

The recent Q1 figures, do we think the 1567 boepd includes the 462 bopd from the ASD2 well that started producing at the end of March ?

Im assuming not ??

I am guessing he means Quickspin
And I would hope we are doing a lot more in revenue than them