Member Info for MB11

TR1 drops today and its 20p imo

I am having this

Huge British brand

MMs short

Shake done, TR1 RNS will be adding some intraday spice

The MMs know whats coming

Media articles over the weekend to this extent and its going haywire next week

MM’s struggling

No stock, big buyer in the background

Watch this space imo

Will be a huge RNS soon

West Rustavi 100%
Norio 100%
Satskhenisi 90%

2P oil reserves 0.9 MMbbls + 1.6 MMbbls
2C contingent oil resources 38 MMbbls + 35 MMbbls
2C contingent gas resources 608 BCF + 18.3 BCF

3D seismic and 4 back to back wells next, updated CPR will then follow in due course. With cashflow from 16az contributing. 100bopd company breakeven.

RNS 1st July 2019
“We can now allow well 16aZ to flow to its full potential, opening the prospect of excellent netbacks of US$36/bbl at US$65/bbl Brent and US$3.40/MCF for gas.”

There is now a 4 well back to back programme and 3D, and update CPR will follow, for those waiting for banked reserves they will miss the boat, 16az showed the figures below are to be spiced.

This is also a 100% interest asset.

“38 MMbbls of gross unrisked 2C contingent resources of oil in the Middle, Upper and Lower Eocene and 608 BCF of legacy gross unrisked 2C contingent resources of gas in the Eocene and Cretaceous (Source: CPR Gustavson Associates : 1 January 2018).”

What a load of *******s on this board. I have invested in here, two choices hold or sell, this latest analysis by share prophets suggest sell.

Phase 1 has been completed and I reckon that is where this author is coning from after his 3.5p tip. Phase 2 is about to start and will include a new updated CPR. Hopefully this author will then revisit his opinion.

Wawwwwwww gary Drop the Mic

what a stock market author

Was a good update and different to what we had under MR, who was more towards the blue sky parts. This new chap at the helm is clearly concentrating on the core activities of distribution and water, not a bad strategy to stabilise the ship and put in a sound profitable base. What was clearly omitted was news on the energy, generation and Americas, which we had rarmarked as the transformational growth areas. We need to know clearly what is the strategy here with the energy efficiency range?

Seems to be a bit of buying interest today. Hope the tide is about to turn

With a combined revenue of over 21m and much reoccurring, both are profitable parts of the business. Will not take much to turn this around and this finance guy is focuses on profitable parts and activities targeting existing customers.

on his watch the wrong cpu pricing was achieved.

Very odd wording

This new CEO needs to show what he can do very quickly. Of course cut the areas which are a wild goose chase for profits such as Americas at this moment and streamline the fancy stuff. The led is well worth continuing with as the blue sky opportunity targeting the existing market. I'm giving him a chance but he needs to prove his worth to shareholders quickly.