Well they are producing 2800 boepd so if say they get $65 per barrel that’s about £50m per year isn’t it?
The CEO said he wants to find new markets for this product that would yield higher returns . Plus they want to increase production this year by at least 20%.
Thanks hatter. Don’t have L2 good to know.
Plenty of upside yet I think. Wait until the news flow starts.
1) rig work over results
2) new drill feb
3) possible new acquisition
4) further drills
5) results due March
6) possible sale/offer for company
Current owners paid 38p/sh for company. Can they double their money with a sale?
Regal are producing more than Serica. Serica valued at £220m.
Lots more upside to come here IMO. Big news due, could be offer from Oligarchs 50p/sh.
Fingers crossed!! Testing 20p now.
Yes the next few months hold plenty of promise. The acreage is quite large area so could be more drills in the future.
Looking for at least 20% increase in production this year plus new customers yielding higher profits.
Outlook for buying more Ukraine assets is positive.
25/30p is very possible but an offer would need to be 40/50p IMO. Fingers crossed for an offer from oligarchs.
The company is probably worth more like 50p/Sh but it will take an offer for the company to get there. We need to spam billionaire Ukrainians and get someone interested .....;0)
I tell you what nickel more buying like this and 20p+ might happen before any updates.
Buyout price I reckon 40-50p. Let’s hope some billionaire Ukrainian is sniffing around...;0)