Just topped up with 50% of my current holdings. My average is now 1.5 to break even. Long way off my original 18p purchase.
Hoping for the best.
With the revenue that gas could provide immediately, they could build the pipeline backwards, that is from where it should finish back to wressle. That wouldn’t interfere with oil production, or is that a barmy way of doing it?
91% of cost allowed against production costs is one hell of an incentive to get started today.
Market Cap of £22m looks a bit low given that level of income.
That translates to £4.5m to Europa. Nice to add to our other little earners.
Growing Daily by 30% of bopd from wressle. Pity there is no interest added to what must be £millions by now.
On top of this gas coming we have at least 100 bopd from Brockham which we will hear about in a few days time. That is worth £3m a year.
It could even be more.
Not many followers on this board, but the volume of bopd when they develop the other assets on wressle will send this share into orbit and the serenity success, well that just frightens me into where this share can go. Perhaps I should let some of my shares go. I don’t want to be too wealthy. I am too old now to ruin my life now.
Away from the obvious, Jim Ratcliffe visited Downing Street some weeks back.
He has offered to show and details about drilling with the latest updated methods and how safe it actually is. He has made available his site in Nottinghamshire available to the inspectors. Pedl 299 Ineos are 50% and are drillers EOG 25%. Obviously this is being kept under the radar for obvious reasons.
35% interest to Eog.
Operator with 20 interest has been taken over in January 2022 by Wolfland group who are a green company.
Where does that leave us and what value is our 35%?
So change this to Cloughton field north of Scarborough. Another massive find which will be hugely profitable at today’s rates.
Let’s get some news from our BOD on these plays. Obviously they have more knowledge than us and it certainly wets our appetite for us shareholders.
That has to be of massive interest in the current climate.
A massive gas field able to wean not just the UK but the EU off of Russian gas.
Surely there wouldn’t be any resistance from planning.
We also have an income stream to support this.
Do we still have 33% of PEDL343 as this could be another winner?
Bought in at 18p. Thought I had lost it at one point. Got back in at 0.79 and have nearly got to break even now.
No way with the potential that this company is showing will l be selling anytime soon. George is turning this company round. Will be doing a dragon’s den here getting my money back and having a free run with the 50% left in for the long haul.
Only 6 postings today yet 44 transactions.
Boy when this goes it will be super fast.
Broker has 6 to 7p as we stand to day.
Fully loaded here.
Watching UJO too.
It would seem like the government have told the energy companies to just get on with it. That could see the flare at wressle fixed for more value fairly quickly.
Also permission to get at the other formations would be fast tracked. Wow!
That and serenity would see us into a double figure share price. Getting very excited about our prospects now.
Very positive about oil exploration from profits being made by Oiler’s.
Every encouragement being given to get UK gas out of the ground. All 4 guests singing off the same hymn sheet.
Boris tells minister to get on with it. Whatever that means.
So I can top up on the cheap.
It doesn’t look good though as more being bought than sold. When the big order is filled MM’s will let this rip. So my thinking goes. But what do us minnows know?
We are so diverse in our portfolio of assets that there is so much to be negotiated that will require a massive amount of work behind the front line.
Morocco and Ireland can’t be transacted over the phone. There has to be a lot of detail to go over with plans and experts on all sides over a long table. Or put another way meet-ups in our data room.
Not a one man job by any means.
This is a cracking investment when you scratch the surface. IMHO
Development of our assets with George clearing borrowing by December this year, has to make this one of the most mouth watering investments to have in a balanced portfolio.
That in the current climate of energy shortages has to be viewed as a winner with the expertise already shown to us by George at the helm.
Really chuffed with my holdings here.
Expected to flow oil in 2 weeks time.
George says profit £1.5m a year and Balcome can copy that too, but Lidsey can do much more.