Member Info for MisterPositive

They raised bit of Cash buffer which is very prudent OR they might be looking for more aggressive Drill programme at RedSetter given the 2 new highly prospective zones within and above that Telfer looking Dome Expert Geophysics highlighted recently.

I read the full Annual results and they were funded with around £1.6m cash balance. Now with extra £1.42m cash, company now sitting on £3m cash balance.

MCap with the extra 59m shares added would become £6.2m of which almost 50% is CASH.

That sort of CASH vs MCAP % is unheard of among explorers. MCap should be lot higher multiple of Cash. Rise here is inevitable. Soon as the Drilling start date RNS drops in this is going to really steam ahead with such low no of shares in issue.

Buys coming at 0.119

0.12 should go soon. just needs a little nudge. Should zoom higher to 0.18 - 0.19 bracket.

Chuditch monster resource so close to monetisation after all these years waiting. Time has come.

Another crack at 0.12 in progress now.

Once 0.12 cracked expect a good run.

Chuditch Farm Out RNS should rocket it to 0.57

Added more at 0.11

Soon this low price will be history with lot of action coming up at BOIL.

With Chuditch Farm Out update due, this should gain traction.

When RNS lands then this should really Rocket.

Just warming up....

MePension.

Like your figures. Average of those valuations comes to 2.43 pence a share.

All in good time. £100m MCap first milestone.

Yes Gordon. We should soon be firing up on both assets - Chuditch and Dunrobin.

Upside is MEGA.

5.5 Tcf is just for Chuditch discovery which would be around +1 Billion barrels Oil equiv.

If you further add surrounding acreage, then estimates run around 3 times.

"The best case recoverable resource estimate for the unappraised Chuditch-1 discovery is 1.35 trillion cubic feet of gas — which could support a standalone liquefied natural gas development — while the best aggregate gas-in-place estimate for the block is 5.5 Tcf of gas."

I would say lot lot more than 1.8 pence when Chuditch starts flowing.

Chuditch Farmout Update

"As the Company indicated in its Final Results for 2022 on 23 May 2023, there are a number of ongoing discussions with third parties regarding participation in the Chuditch appraisal well and future activities".

Volume today is awesome.

I wonder if they now picked the Big Player for Chuditch Farm out !!!

Looking at previous patterns at BOIL can see this having a crack at 0.15 tomorrow once 0.12 gone

0.12 will be cracked very soon.

Stay with the strong momentum.

Hasiba. Very much doable in my opinion.

Strong momentum produces biggest gains.

Could see 0.13 today.

That should set the tone for 0.18 - 0.20 this week.

Eagerly waiting for Chuditch update.

8.75m here for me and counting.

Thanks watchers36. Duly noted.

Target holding is to build 2m here and then wait for NEWCREST to show their hand @ 30p offer.

I can wait.

NewCrest will buyout WSBN down the road. Watch this space.

RedSetter will be the New Telfer.

Oh ok. Will take 0.24 for starters

This should have been around 0.15 - 0.16 range after yesterday's NorthSea news alone.

Upside from Chuditch is on totally another scale.

Update soon.

Yep. Very Undervalued compared to others drilling in same area.

EEE with £24m MCap and 490m shares in issue.

£24m here with 258m shares would be 9.30 p

52 week high 0.36

Very Undervalued with Dunrobin and Chuditch both gaining traction.