Well if that’s the case a P/E of ca 5 then all those that reckon we are massively undervalued are somewhat deluded then! The sp peaks of ca 60+ p historically have been driven by euphoria rather than hard analysis then. Also the brokers average prediction of ca £1 also have no dateline on them, so are not particularly near term targets. So overall we have an sp about right for what we have proven so far.
Casapinos, Hur is not yet valued as an oil production company, probably because it doesn’t have at least 6 mths proven income and preferably one accounting years worth of income. Oil producers are on about a P/E of 15 and on a forward projection for 2020 would make an sp of £1.8 ( 20kbd*365*$40 divided by 2 billion shares). The fact that we are nowhere near that is because a Hur are still valued as an explorer and the only 2p reserves are based on Lancaster eps for 6 years that is ca 40p per share (?). More 2p reserves won’t be booked til next year. So Hur is betwixt and between an explorer and a producer, mainly explorer at the moment. It maybe that the market will value it next year as a producer, but a takeover bid based on assets/ an explorer. Just a few thoughts imho
Zoetec needs a major advertising push both in the retail markets and more particularly in the investor area, as very few know the name or ticker! There is no history to peruse as a potential investor so NT needs to comprehensively set out the business plan for all to see. Might have to wait til early October for that though!
A DST involves a flow and a shut in period in order to not only measure the rate of flow but also the rate of pressure re-build......all standard practice. They will repeat this several times on different sections of the horizontal well, in the case of Lancaster 9 times, some for clean up and some for detailed analysis. It all builds a picture of what is going on along the 700 m horizontal well and you can make many interpretations on porosity and permeability and marry those to the geology encountered, etc. The initial results will not show all the finer details, which will take sometime to interpret.
I am hoping that NT being one removed from direct management was not fully aware of what was going on........if he was then ffs!.......however he might have known a bit, then joined the company knowing he could Use that knowledge to oust RP......a bit Machiavellian, but possible!?
Zoetec has a potentially good future, however there is nothing to hang your hat on yet, so that’s why the sp is hammered, plus negative sentiment from RP going under a black cloud (presumably!.). If NT can secure a few major distribution contracts, have a good cannabis exhibition, announce launch date of OTC listing, all backed with a good operational update and numbers by early October THEN we will see a change in sentiment and a good move upwards! Here’s hoping anyway!
The hope is that NT was merely a financial adviser not directly reposible for hnr accounts as a finance director! Then he can argue that he didn’t have access to the books til a few months ago and when he did he found things like hidden invoices the eventually brought RP down.......otherwise he was complicit in the shenanigans !