Member Info for middleEastMoney

Imagine ANOH completed, quickly followed by the Mobile deal finally signed off…….

Is someone trying to move the price lower ? Who sells 3 shares, multiple times ??

Interesting on an average day with zero news, very approx for each 10,000 shares purchased vs sells we see an average of 1p increase in the SP

What on earth will happen when the Mobile deal is signed off and the facts are made known, the City will/should be very impressed with the eventual deal, increased production, increased Reserves of oil, the TCF of gas is a lovely extra, FCF jumps, and the actual end price paid decreased due the lengt of time taken to cross the line.

On every metric this should be a superb deal for SEPL.

As always DYOR/DD

Whilst all the bickering is ongoing, if you wish to DYOR re SEPL you will see there is an opportunity to make 75% return over the next 3-6 months.

DYOR/DD

GLA

Thanks Alex, excellent commentary.

Looking at all the evidence, this points to a quite amazing deal in SEPL favour, especially going forward, say 18 months.

So when the Regulator said the SEPL deal could be signed off within 2 weeks, this is why.

We could get news any day, the details of which will be very telling for the rest of the industry, large Co divestment of huge O&G reserves, but at a known cost - if a balanced deal is offered, everyone can get on with making money.

Nigeria is desperate to create a renaissance of the O&G industry.

Keith, I am so glad there is some focus on the OIL/CONDENSATE on our license.

I have never felt enough focus/credit has been given to this possible asset.

Any idea what PG/Lonny’s focus might be re the other 29 possible targets within our license area.

Cheers MEM

Https://www.nuprc.gov.ng/news-updates/

As in most business, common sense, a balanced outcome and an end date for final sign off.

Everyone is keen to get this over the line !!

Giving an idea of final deal and timescale

Excellent find, all the sellers of the last couple of days may be rapidly re thinking that short term decision and scramble to re buy.

Sit tight, we appear to be in the final furlong !

MEM

Details matter

Bold, as you well know they will not tell me, unless its in the public domain !!

I have frequently become downhearted at lack of Comms, never more so than right new.

1. PAA No 4 ? Yes or No, if No, what is the issue

2. Depending on answer to Qu 1, what is the new timing for SJ and Tubing to commence testing

3. Drill rig ? Any knock on to Qu 2 that impacts drill rig timing, and do we have a likely date for the rig ?

PG controls a large % of planning, I expect if PRD can no longer meet the guidance PG himself set, he should update the market.

This is transparent business Comms.

MEM

There have been many thought provoking posts around Timelines, Budgeting constraints, Testing and Drilling.

It seems that 2 main items are repeated by our management

Missed Timescales and zero Communication to update us mere mortals, the SH who make all this possible.

On this we can probably all agree, or maybe not !!

Tomorrow is the last day of April, is PG really not going to update us on SJ, Tubing and a drilling timescale for MOU -5 ?????

MEM

We seem to have staged a good recovery, mid price down 0.5p on IG.

Common sense prevailed re this mornings RNS. Steady ship, all good.

Just wait for the final sign of re MNPU.

Just a little more Patience

MEM

Hi Seatank, thanks for your input, excellent.

One thought re your FCF

Forecast Oil prices

What will the price of oil be in 10 years?

According to the latest long-term forecast, Oil price will hit $100 by the end of 2024 and then $110 by the middle of 2031. Oil will rise to $125 within the year of 2032, $140 in 2033, $150 in 2034 and $160 in 2035.

IF this came to fruition the FCF would be utterly enormous.

The Gas which SEPL plan to extract and sell to a power hungry local civil population, plus export to overseas markets will become a large standalone profit centre.

Everyone should have some SEPL in a balanced portfolio.

Final thought, when the MNPU deal is signed off and our average daily production rises to 100,000 bpd, with more upside, we will become a Bid target, especially with 25 years of reserves.

Large oil and gas fields tend to get larger as work is completed, unlocking larger reserves.

Interesting times.

All within a background of increasing dividends

I can foresee a bid price of £3bn in 18 months time.

MEM

Good chance of a further recovery in the SP this afternoon, hoping for a closing price broadly neutral change.

Then waiting for news out of Lagos re Chevron/Mobile final sign off, we must be very close after the Oil Ministers comments

I am buying as this represents a great Buying opportunity ahead of MPNU news, which must be very soon.

Large spread of 8p will narrow as the day moves on

Hi SeaTanks, my mistake, I shall carryout my own DD - rather than ask.

Thank you for your input.

Best policy do not assume ….. CHECK through your own DD.