Member Info for MTSparky

Bloody hell, someone's keen. Lots of nice buys coming through.

Re-rate continues.

A year ago today the SP was £1.29 that's a 488% rise. There are some holders who have made there profits and are now unloading. It will not re-rate again over night and it may take some news like a CPR confirming reserves. If RRE have 50m BOE in reserves that would be valued at about £350m.

The SP has doubled in past 6 months. Hardly overlooked IMO.

The rise should continue today. Futures and Brent up. Can’t wait for the CPR so we can get a handle on reserves from previous stated resources.

I believe RRE will be issuing a revised CPR shortly.

This document could be the SP driver we have been waiting for. This is what drove Regal Petroleum's share price upwards to a m/c of £200m.

Faroe valuation

- GCA estimates Faroe's 2P Reserves as at 30 September 2018 to be c.102mmboe
- Faroe's oil and gas assets reflecting current market oil pricing is in the range of US$879m - US$1,076m

Based on reserves RRE valuation must be around £350m assuming 50m + P2 reserves.

A year ago I was posting the same thing about a company called Regal Petroleum which I bought in at 16p. It doesn’t happen overnight.

Pegasus x 0.45 so $120m net to HALO

At $55 per barrel of oil and €27 per Mwh gas:

Dyas earns £170m per year and Arran will earn £92m per year

Cash £50m ish

Company value £70m

I’m holding firm. 2019 should be transformative for RRE.

TULLOW 101 = €52,270,920 per year

PEGASUS = €265,710,510 per year

ANDROMEDA = ???

These numbers are starting to look BIG.

Brent back to $55. $60’s range should be average for 2019. If poo drops too low say $40’s OPEC will act.

Exciting 12 months for RRE

.....£10/sh by Feb will do me just fine.

MERRY XMAS !!

Careful General. We don't want to burst boreddesigner's smug bubble...it is Christmas after all....;o))

DOW future up and Brent rising.

...Merry Christmas !!

RRE currently valued at £68m. I don't know what un-restricted cash they currently have. In Sept it was £43m. Currently producing 11,000 boepd which is set to increase by about 6,000 boepd. De-commission cost are likely to fall dramatically over the coming years with added competition for the work. Reserves update due soon.

It don't look too bad an investment at this level !!..;o)))

RRE looks way over sold. Nice update from them should see up back towards £8 and beyond. I still think £150m m/c is achievable in the near term.

..and we could easy be up 50%. Can't wait.

How low the SP goes I think depends on who is selling, why they are selling and ultimately how many shares they have left to sell.

Crazy to sell now unless you absolutely have to. M/C close to cash position. Clearing the institutional seller could be good in the long term. If it gets lower I think the company will deffo buy more shares and cancel them.