Member Info for miker444

Interesting point of view. Totally agree on upside with risk/reward. atb

Exactly, if a well is worthy buying at $10 profit a barrel then it is a no brainer investment wise at $35+. Oil pushing $50 today so if a deal is done then probably nearer $70. The figure Venezuela, Algeria and other struggling opec members were asking for, even a year ago, was $71 to break even / fair price so there will not be much point in a cut in production if it has no effect on a decent price re-rate. Hopefully an RNS by Nov 05th or there will be fireworks ( sorry ) atb

It is actually quite significant to all oil companies ( and shareholders! ) if OPEC do agree as is expected in Nov. The oil price being talked about is approx. $65 a barrel, maybe $70. If $10 a barrel profit is expected on $40 then @$65 we are looking at $35 profit. If a well is producing near 10,000 barrels a day ( average in N Sea 8-10,000 bopd) then profit is $350,000 a day! or $127.75m a year. Remember this is profit not turnover so if the new company is expected to be valued at $400m at $50 then it will be considerably more at $65. These figures are all real, just needs OPEC to agree in Nov on the initial talks this week then the timing will be spot on for summer and Gwik / i3 so long as the deal comes off. Next RNS very significant, very important. Fingers crossed. atb

Looks like it has surprised a few and a very positive result looking at cutting production to manage the oil price to stabilise a higher price. Meeting again in Nov to talk detail of yesterdays proposals. The higher the price the better the returns on any oil well output and obviously a higher sp, all in time for next summer. atb

Good Post and you are correct, lets see but all looking good. atb

Good Morning, absolutely and that is what is making this interesting at the moment, a lot of possibilities and different scenario's. But above all else it was not long ago that we were, with suspension and a bit of help from non invested de-rampers, wondering if we had lost everything, and I mean everything. It was not a nice time. So we mustn't forget that the fact we are in the position of guessing what the deal /asset will actually be is a brilliant problem to have compared to what it could have been and here's looking at a decent Xmas bonus! atb

Upside I have to agree with your post. Just my opinion I think we will be looking at an IPO and hold shares in the new company as this deal at $400m looks just too big for an rto from GWIK's standing of just £1.1m. For me that will give added security from less risk of biting off more than we can chew and be part of something quite solid. I also like the fact we are looking at the North Sea with a proven well and all the UK regulations as opposed to something such as Turkey which has the potential of huge overnight upturn through rto but also the same huge risks due to the lack of regulations and without being offensive a banana republic volatility. An IPO will still get us a penny share once the oil flows and that is next year so not that long for those prepared to wait for a double figure multi bagger. As I said all in my opinion and it could still be an rto, either way, all will be revealed in a couple of weeks or less with the next RNS. atb

Don't you mean only 1 week left of Q3.

Reuters today stated: "Oil prices jumped on Friday (today) after sources told Reuters Saudi Arabia could reduce its crude production should regional foe Iran cap its own output this year. The Saudi offer ahead of next weeks OPEC ministers trying to staunch oil price losses..... "Brent crude and WTI futures turned positive immediately after the news etc etc." Yes Tehran has to agree but this is the 1st time Saudi has offered to cut production for a couple of years or so, I am keeping my feet on the ground but even the proposal is a step in the right direction. atb

Quint, absolutely, if 1 well producing 10,000 barrels gives a Market Cap of $400m then there is nothing to say that once revenue comes in there is nothing to stop that money being put into growing the business and even acquiring another well and so on, wouldn't take much to become a billion dollar company ( actually 2 and a half wells at $40 a barrel or 1 well at $90 a barrel). Look forward to outcome of OPEC meeting on Sep 28th ( I think ) atb

how the person who sold 55 million shares 12 mins before suspension will feel if we do go to 1p by the summer or before. I am not gloating as money is hard earned and lost but he would be looking at £550,000 ( half a million) instead of £28.5k which he got when he cashed in. Always a risk but surely life changing for that volume of shares, even 0.5p would have netted over a quarter of a million. This is why I stayed in and yes I could lose it all and nothing is certain but the upside outweighs the downside, certainly now we are looking at IPO (at the very least possibly RTO) with a $400m company. I predict an RNS within the next couple of weeks. atb

Pustule agree with Nomad being changed as RNS 's were diabolical but have to say the last one was more professional upbeat so perhaps they have been told to get their house in order and to remember who actually pays them. From what I know Peterhouse are decent enough brokers, the jury is out on Allenby Capital. Should see another RNS soon, just depends if Jaap's soon is different to my soon! Hoping in next 2 weeks or so, an update at least. atb

Yes taking an age to refresh each page etc

Hi nomadic, I note that Venezuela are pushing to stabilise oil at £70 per barrel and pushing for this at the next OPEC meeting and by all accounts Saudi / Russia seem to be thawing to the idea ( by a 10% reduction in production but an increase of 30% in profit due to higher price) My point is if as you calculate $10 profit per barrel @$40 then at $70 we would be looking at $40 profit per barrel giving $150m+ instead of $40m. This would push up Gwik purely by association so whilst they are fag packet calcs they are realistic and depend purely on what oil price is at time of production. I actually think your calcs are conservative and really can see whole pence this time next year. atb

That is easily attainable and actually very realistic, could be more but I think those figures are in line with keeping our feet on the ground. Just needs to be pulled off and no gremlins suddenly putting a spanner in the works, nothing surprises me on AIM. Have to say that things moving a lot quicker than I thought they would, certainly if Jaap expects new company to list on AIM before Xmas, its not that far away. atb

Good posts, I think 5% is a reasonable ask of any newly formed company and they would feel it is a small % to allow themselves entry into AIM. The sp will come alive when the oil starts to flow and puts ££'s in the bank, so whilst re-list sp should be decent I am waiting for the oil, its not that long in the big scheme of things but should put sp to a penny at least. atb

That for me is when it will go to whole pence, What sp a company with $400m market cap that gets a producing oil well at North Sea bopd rates. A tenth of 1p, hmmm...don't think so. If it all comes off rich pickings for those that wait imo. atb

Very good

Actually joking apart I feel confident Amanda has what it takes and the contacts to raise the full $45m. atb

Not sure mate, are you saying that you have $23m spare? lol