Member Info for MisterPositive

DQE update could come any day. Their proposal is attractive to both parties. So win win for both.

DQE can fast track drills at Heron oil field lot quicker for the benefit of both parties. Much faster revenue stream for MATD just like DQE did for Petrochina with 50 wells producing 500 bopd per well on average giving them 25,000 bopd peak production.

Revenues from Heron-1 well alone would be quite substantial with circa 194 million barrels.

Then there is another potential 500 million barrels from rest of Heron oil field untapped.

Master82
Good work. Think we are good to go.

6 months from now when price is at multiples and Oil is flowing from Heron we would look back and just wish we had bit more faith.

Just have a read again of 17 Jan RNS.

Independent oil and Gas estimates by RPS a well respected industry name.

Gas 35.6 MMSCFD (5,900 boepd) plus
OIL 1000 bopd (light oil)

All waiting to be unlocked. MCap drifted lower over 2021 with planning deadlock.

After yesterday's green light West Newton is back.

Steward1
My apologies. But at first glance your comment did come across that way. Hence the reaction.

On another note, yes we need regular results. Tweets are all good but need following up with regular RNS updates.

Who said 25p in September 2022.

Who knows they could be right. With newsflow expected here on multiple fronts this can really move fast with only circa 700m shares in issue.

"The ‘nationally significant’ discovery at the site is thought to be the biggest onshore oil and gas field found since Wytch Farm was uncovered in 1973. "

Above piece in Daily Mail, sums it all up really.

Yes indeed.
Add upside from Romania and North Sea also.

Story gets better and better. Drift over last 12 months been painful but primed for huge rewards now for all holders.

Market not realising how quickly this can explode to the upside. Added quite a few at current price.
Beautiful gift. Come back in a few months and this could be at Multiples higher. Had quite a few already but was waiting to add more for West Newton planning approval which was granted yesterday.

If "Victory" revised NPV10 valuation is £786m
Then RBD 49.99% equity in Corallian = £393m

Current RBD MCap is not even 1/10th of that ?

Then add MASSIVE upside from:
West Newton
Daybreak Oil in California

Avg price per Therm in Jan 2022 was 203.75 pence

Victory NPV10 was done @ 50 pence per therm.

That is over 4 fold increase.

Revised NPV10 for Victory Gas using 203.75 pence per therm gas price is circa £786m

RBD own 49.99% of Victory gas via ownership in Corallian Energy which has hired Hannam & partners advisors for Buyers for Corallian.

This could simply explode one fine day with Corallian offer coming in.

Steward1
what a stupid comment you made below:

"It valued the whole of Prem (Zulu, the EPO area and every other asset) at 0.4p and gave away a sizeable chunk of Prem for only £12m".

Above is your own imagination which is far from the facts. Worst deramping comments ever seen.

That is NOT valuation of PREM assets £12m ???
£12m is only cost of DFS funding paid by Szuhou

What school of investing did you go to???

This was @ 0.87 just 12 months ago.

Would expect that to be re-tested in coming weeks. Massive value at West Newton to be unlocked after yesterday's fabulous planning consent having been granted.

Palladium approaching $2600

Commodities back on track.
Lithium moving higher.

Latest covid variant impact on Chinese economy much less than originally thought.

Time to load up.

Nixe one.
2 of those 3 trades for approx 19 million held back and reported after close....Hmmm

West Newton - "nationally significant asset".

Would 100% agree with above statement in RNS

Russia-Ukraine thing has finally brought West Newton to the front line now.

UK Govt should not have waited for the war to realise the importance of West Newton in the first place.

0.87 was 52 week high.

0.87 first stop. Could go lot higher with Oil price forecast to hit $125 this year and $150 next yr

Think he might have meant GR would not be here by end of year.....coz Chinese would probably have Taken Over PREM by end of year or before.

Its wide currently since Russia-Ukraine thing.
Normally lot narrower than this.

I dont worry about the wide spread. Will add to my pot to accumulate a decent Qty. Just focussed on a nice chunky ROI here once everything settles down.

Bit new to the tidal energy landscape if i am honest.

One key point that i picked on the Offshore Energy article on Japan was that there are 900 islands there which is a lot. Japan being way ahead in terms of embracing the Tidal energy generation.

How many AR500 turbines will SIMEC be providing to Japan ?

If anyone more switched on knows a bit on this aspect.

Coz that is a collosal revenues stream coming our way.