Member Info for miker444

Spellchecker oops.

In just 8 days time, should continue underpinning sp with a potential uplift once completed.

I second that Deffo, with regards to the name change it may well be a simple change to Mosman Helium and not Mosman Oil & Gas. Andy did remark at the presentation he wanted to emphasize the Helium direction the Company is moving towards.

Tom, much appreciated, certainly does help and looks as though we have a very good chance of positive results and unlikely ( hopefully ) that all 5 will not yield something that is of a commercial value.

Safe jurisdiction and a country that is looking to increase hydrocarbon drill rigs in general. The next 6 mths will go fairly quickly so not long to wait.

Tomh,

excellent post, the USA 5 drills are low cost due to the shallow conventional drilling, do you have any figures of the actual depth required and the likley % of COS.

atb mate.

Tomh,

Really appreciate your detailed reply and as you state its not a case of all the eggs in 1 basket, room for varying success or even a disappointment or two. If only one comes good, and I'm sure it will be more, then even that will be a Company game changer particularly with the MarCap currently so low. Thanks again mate and apologies for time taken to reply.

Tomh

Do we know if Andy Caroll is looking to monetise assets as soon as drills are done or is he looking to retain a % all the way up to production? The sp figures could be insane if successful, in double figures even 10p+ if we are talking an interest valued at $7.4bn.

atb.

Guys the RNS is showing on the new SUNDA platform which is up and running with chat on LSE..

atb.

Can now log in to Sunda Energy with Companies House.

Kerosene thanks for the detailed post, appreciated.

Good find filthy, INPEX may well have it booked prior to us. they do have licenses in the area, but who knows...

The new ticker name For Sunda Energy will be SNDA and yes your broker will automatically update your account putting your share holding under the new name.

atb.

Odins, yes Valaris was mentioned and the option of 2 more additional 'support wells' if needed so a lot of energy in getting a successful drill come what may.

atb.

Odins then I stand corrected and happy to apologise, it just didn't make sense as it quoted the rns but as i say apologies in order.

atb.

Gordon totally agree, the post was regarding that was Odins reply at 08 50 on June 11th which he quoted a sentence from the rns which he has not read.

Lots to come and I expect 'new news' to come not long after AGM and name change to Sunda Energy.

atb.

Morning JC.

As per the latest RNS:

"No new information will be presented at these events."

Totally agree, Kylie excellent find mate, confirms the Valaris Rig and a tonne load of other information, well done. It's going ahead and even the possibility of 2 additional 'support wells' if needed.

atb mate.

Novice, a lot of people are calculating the sp by dividing any 'cash' lump sum Baron get for a straightforward sale, and rightly so by shares in issue i.e if we get £500m for a complete sale then divide that by 25bn shares in issue and we end up with an sp of 2p, give or take. Nothing wrong with that as it's the bog standard way of working out the MarCap of a Company, simples.

However, not many posters are taking in to account if Andy Butler does a deal that is not just a straight forward 'sale' but we retain a % of revenue from gas produced by still holding a % of the company once in production, OR an agreement from a 'sale' / deal that gives us 'royalties' from the Company that buys us out.

Then it's a whole new ball game regarding what the sp will / could be and not a simple calculation with shares in issue divisible to the NAV.

Most Companies are valued at multiples, Tech x 20, Car Manufacturers x 10 etc ( except Tesla! ) due to the annual revenue stream giving said Company a solid foundation of continuing and future financial assurance. The Market knows it's a safe bet as it can be in paying salaries, keeping the lights on plus making a profit etc.

We can look at Earnings per Share ( EPS ) and P/E further down the line as it is more complex than my novice explanation here but my point is IF Andy cuts a deal with a revenue / income stream in addition to a cash lump sum, no matter how small, then the sp will be higher than people think.

The 'very interesting conversations regarding funding' that Andy quoted in an interview / update has been picked up by a lot of posters who, like me, think there are some very favourable options he can make.

Final comment, I believe, and it's just my opinion, that Andy has discussed a deal with someone like ENI ( who are next door license wise ) in a partial % sale and will use some of the 'cash' to work with them on future projects / licenses in the Timor Leste waters thereby reducing risk / costs to both parties. I do believe Andy has that small leverage even with a Tier 1 Company and has a desire to become a serious player in the area and not a one trick pony, he is ambitious and comes across as excited by where he is taking the company.

We shall see, atb mate.

Red Rum?

:¬)

Oz well that's a tough average mate but seeing as you have stuck with it for this long another 6 mths or so might well, with a fair wind, see you in profit. I bought a shed load more at the last spike of 0.15 with my average now 0.121 so I guess it's all relative. Just 1.5p would see me a multi-millionnaire so 10p I would be looking for a good divorce lawyer! :¬)

atb mate.