Member Info for mbingo

Blockbuster RNS. Interims are outstanding - producing 11,000 boepd. Cash at us$108m. Increased reserves. Decommissioning Costs put back and estimated at 20-25% EBITDA. And this is with hedges in place on oil. Current prices much higher.

Big jump in WTI Oil today. Mayan well positioned to benefit. Operations update due.

Nickel picking up - more than 3% up today, yet HZM stuck in the doldrums - with plenty of news coming. Great buy-in price imo.

Buy when others are fearful .... Old Eddie has a lot of these ...

Risk/Reward in favour at this price in my view. Last raise was at 0.6! We are almost 50% below that. Oil is flying and netback favourable. Risk re workovers/production figures/cash burn, but on balance an easy buy at this price...

Some chunky numbers from yesterday's session popping up. Interims released on last Friday in September in 2017, assume Friday 28th for Rock Rose.

I bought in today. Delighted to see the coverage in the evening standard this evening. PR set to ramp up. Interims due shortly. Suspect 10,000 BOEPD in current oil and gas price environment will lead to some exceptional results - we'll see. Production to remain at this level minimum until 2025. More acquisitions to come referenced in the Standard. Production in favourable jurisdictions.

Great opportunity to get in if not already. Short-lived opportunism from marshall wace I reckon on a lower volume day. It will just bounce back harder! Major institutions supporting this. Generating so much cash with 32,000 BOPD let alone the forthcoming upgrade to 55,000 and beyond!

I can see two £1.6m delayed buys in there. Be grateful if someone can verify that.

Marshal Wace short 0.83% last time I checked. Will be interesting to see whether they have bought back any of the £4.5m value of stock on loan!

September's delivery will be a record if oil stays in this area. Anyone know if there is a date set for Capital markets day?

Trying to breach key US$80/Barrel support. Could fly if it does.

Certainly is. If it stays at this level, adds extra US$2-3m a month to net monthly payment. June payment to be made next week. Payment from Strong Brent price in July and August to follow. Cash pile growing by about US$12.5m/month currently. Massive upside from GBP550m market cap company in my view. 55,000 BOPD by end 2019 is not far away. 110,000 BOPD is a complete game changer. Dividend/share buy back ... hmmm

Coiled spring comes to mind ...

When we will the shorts close? Results Monday. Operating costs per barrel : 2.8USD! More than 32,000 BOPD. Cashed up and targeting 55,000 BOPD in next 12-18 months. Hmmm

Interims due on Monday. Plenty of Q3 news to come. Cash cow with continued netback and operational expense benefits and of course potential increase in production. Brent price motors on. This is still stuck at £600m market cap. Cash at US$200m and growing. Stable.

Looks like these were released September 18th last year. Should make for interesting reading.

Major shareholder bought their stake at 38p back in 2011 - this has some way to go ...

Also oil and gas tax rules are so complicated and against investors in Russia. Ukraine has a much better tax environment.

The cash pile means something to me - and no debt. I want to see that pile growing.