Member Info for Mikey279

£1.50 would barely cover our reserves.... let alone production upside and frontier lol

Just another 12 bags for fair value, without frontier LOL

All IMO though

Even at £1 taking into account the debt/bad hedge/uncertainties etc, we'd be undervalued by at least half on verified reserves..

Insanity IMO

NPV 10% 492m....mcap is literally 10% of that never seen anything like it.....

Verified figures too

Say what you like about Art but $2.2 purchase now valued at $15 is exceptional business.... wouldn't be surprised to see this at all time highs in the followings sessions

Then there's the RBL and frontier etc to come

IMO

At a guess Sandford cleared yesterday, the 9m is close to their remaining holding.... should be clear to move up now

NB Artemis and a few others took some at 50p from the initial drop

great for UK energy... can see the effects in UKOG/EDR/ANGS

a few green stocks crashing too :/

Maybe the market will realise this should at least be 3x as much now that they have a bit of cash visibility....

IMO though

Quite shocked at the muted reaction... it hit 2.8 or so on the first RNS but was held back by funding fears, now that they've given essentially a payment in advance at nil interest, it's all systems go

Should be much much higher....

All IMO

Just re-reading this....it's a cracking RNS with an exceptional move re finances . Who would've thought payment would be received so soon in the form of an interest free loan.... rids of the CLN and a few approvals and further payments in there too

Should see a massive re-rate here considering funding was holding back the impact of the initial RNS... not to mention the tidal one

All IMO

Should really be in the 30-40p range…. De risks the SL Strategy and risks of payment timing should offset

All IMO

Free money here.... shouldn't have opened anywhere near these levels

IMO

Why this isn’t 3x higher is beyond me !

Genuinely shocked how this isn't at least 60p at current oil prices....they're on at least £40m(?) FCF, that's excluding the upside and management premium

What a steal

All IMO

Profit takers from 2021 with the drastic environment shift is expected....an 80% rise is not to be sniffed at regardless of upside, but if that's the only drag in SP then i'd take it any day over 'in exchange for x shares' and a billion warrants etc

See KIST and SQZ, this will do the same

All IMO

Looks well under the radar.... management premium, FCF and 2p reserves, no 'churn' via warrants ala COPL etc - surprised it didn't open nearer 80p or so

Multibagger in the making

All IMO

Then they would say .0015% in your example not 10%, don't be silly.

What does 10% of the company mean to you? 10% of the tea bags in the kitchen?

Hint: it's usually shares in issue

Sharebel... if they issue 100m more shares right now, and then 10% more on top, the percentage changes and will no longer be '10%'

'for not greater than 10% of the Company.'

I've seen some bad maths in my life but wow.....

As such immediately after the AGM we will be commencing a funding round based on these new fundamentals. The round intends to raise $25,000,000 for not greater than 10% of the Company.

Yes 10% dilution.....how about give us an idea of what you think it will be rather than what it isn't?