Member Info for mrc_mrc_mrc_mrd

Inventories getting smashed down!
#Crude -7.199M
#Cushing -2.550M
#Gasoline +0.959M
#Distillate +0.992M

https://www.bloomberg.com/news/articles/2021-06-22/trafigura-says-oil-could-hit-100-a-barrel-next-year

$100 feels inevitable now. Enquest are in a stonking position. Can’t think of a better value NS producer!

https://www.reuters.com/business/energy/reuters-events-bp-says-strong-oil-prices-are-good-asset-sales-2021-06-22/

We all good here lads

Shs - scir will not be making a profit any time soon. Take a look at the losses from previous periods for an idea of how much money is flying out the door

Shs - the deal is leveraged to the hilt! £1.9 million debt we are taking on as part of the deal?

Also the cash flow here is not material when comped to our costs and also comped to what we can dream of getting in 2025!

The deal should be seen as a step in the right direction but requires rapid scaling to get us out of the bottomless pit.

If we treat her nicely I expect her trousers will tent and we will climax at around $80 in no time.

Well not quite true is it Chris? They issued shares recently -around 34 million?

And in October last year?

Also they spunked £60 thousand to the subscriber to set the thing up in the first place? Plus gneiss fees?

Always need to watch the back door with this mob. Always seems to be less in the coffers than one would expect!

Yes indeed shs- 10k a month will just about py for the director champagne at the Christmas party.

They now need to QUICKLY scale the business to support the bloated carcass that they have built.

Was anything mentioned about the transaction costs? Gneiss involvement?

Really this is the sort of transaction that the BOD should manage themselves IMVHO.

ROFL good one shax

No I think that’s code for prospectus tomorrow?

Hope no one missed their last top up today!

I assume it was a poor Q&A?

Did anyone bother to show up?

Sounds Tasty Romaron

This is it boys I think. FOMO will take us up to 40p in the next few months.

Can’t imagine many are selling with the prospectus and deal closure expected imminently.

We are on for a stonker today

If we pro rate Dana’s share we will end up with 36%.

I think if we are operator Cal may want us to have more.

Good works one. Always good to have the charting perspective!

Scott - that assumes 15% stake.

I suspect we may end up with a good bit more than that.

No reason not to issue it as soon as possible.

They will just be dotting the i’s and crossing the t’s at this point.

I don’t see how they can wait for half year results as these won’t be issued until September.

Could get 10% ++ here today!

GLA

Hold tight

Cat out of the bag IMHO

Brakes coming off at last

That’s 65p!!!

60p party is on lads!