should get to around 1.5bn bbls if the 2nd ier comes in...at 5$ per barrel = £6bn
let's say we dilute to 1.2bn to cover all bonds/funding(assuming this is at the 80p-£1+ level)
so £5 as a mid case, without further discoveries
extrapolate 6-10$ and any upper limits/discoveries and its a monster
back of *** packet calcs
all imo
Great interview...
"This report allows us to have high value conversations with people who were waiting on it"
"We remain on track to meet our strategic goal of delivering sustainable market recognition of $5 - $10 per barrel of recoverable resources."
"This is the first IER conducted on our largest asset and will have enormous value in financing discussions and in attracting potential partners. "
"NSAI's evaluation of Kodiak is a transformational milestone on the path to commercialisation. I remind shareholders that this report on Kodiak only covers the Lower Basin Floor Fan, based on three wells and our proprietary 3-D seismic data set. There is clear potential for further growth in these numbers as continuing appraisal provides more granular data."
Back to over £1 please
100 bagger in 5 years, yes please
All IMO
Wow that’s the first time they’ve bought in years and a sizeable amount too….like I said even base case with current shares in issue at 400mbl at $1 per barrel is 40p, 962mbl is around 80p and then upper 2bn at £1.60
They want $5-10 in a couple of years…..and there’s another 500m bls to come…and more areas
Biggest upside in AIM history if this all comes off
Look away snakeoilmanjim
All IMO
Unbelievable price, but i'd imagine this will pick up once the MM's have sorted themselves out and the funds get approval to buy in.....not even at placing price yet,
Even at $1 per barrel... it puts us 80p, how much does oil go for these days.... 5-10$?
All IMO
Imagine the upper limit 10$ at 2bn barrels… 20bn mcap for only the lower basin
“I remind shareholders that this report on Kodiak only covers the Lower Basin Floor Fan, based on three wells and our proprietary 3-D seismic data set. There is clear potential for further growth in these numbers as continuing appraisal provides more granular data."
Don’t think there’s a higher upside share in the market, don’t tell Louis though
All IMO
Took its time but chart and book has flipped, closed on monthly and daily highs
No reason why this shouldn’t head back to 30-40p+ now on a good CPR due this month, then lots of other news to come with the drills etc
Placing oversubbed at 17p and short closing was the cue
About time
IMO
Don’t believe what you read on BB, but not exactly hard to predict anyway, a report is due this month which includes expanded area, third party validation is what the market is waiting for and shorts are closing hence sp should fly…
Don’t need to be an ‘insider’ to state the obvious
All IMO
GM probably quells all the fears...should take it back to recent highs at 130 or so IMO
Lets see