Member Info for MTSparky

..price will be higher now. I would value the company at 50p/sh assuming 2800 boepd has been maintained. By the time the results for 2018 are published in March I reckon cash could be ~$35m 8p/sh. Cash generation should be about $20m per year. Hope I am correct...soon find out...;o))

The longer the delay before we re-list the higher the SP will be on re-listing IMO so all good. If we re-list in June we shall only have 6 months left of the two year high CAPEX spend. 2019 should be a bumper year for HNL, ~$35-40m t/o. HNL growth should be exponential....;o)))...�3p/sh easy.

there should be a helpline for this kind of abuse. Samaritans will have to do I guess...;oD

Seller is getting spanked by MM. Could get worse before the sp gets better.

Wow that is some drop ! everything happens for a reason..;o)) Well according to the RNS February for new drill. Work over could happen anytime soon?

around �3.50/sh by year end if all goes well.

...will take as many as you like at 12p. Heard will arrive soon when work over and new spud gets under way...;o))

...this week ������ kerching !! That should see us past �1...;o)))

....current m/c will equal their cash position. Assuming production continues at 2900 boepd. If they can increase production further this time frame could be reduced...;o))

MM dropping bid like a stone on selling. Accumulating cheap shares maybe to feed a buyer. Who knows. Low free float and this is what happens I guess. Fundamentals remain strong though so just wait it out and buy on the dips..;o)))

Don't know what will happen, but initially any price under �2 is a strong buy for me. If we get to a point where the drill bit starts turning on the E blocks with the potential of unlocking 10,000 boepd we can only dream of the potential share price.

I am no expert Flundra just guesswork really pal. You may be correct. What about 2019 this looks to be some year. I assume the CAPEX will be minimal but not sure. I assume HNL will produce at least 2,900 boepd. The CAPEX investment in 2017/18 may actually increase production. oil and gas set to increase in prices. So will HNL bank the best part of �25-�30m? If HNL can earn say �10m a year on a PE ratio of 10x then that technically equates to �4/sh plus their cash. Plus exploration in E blocks, plus allowance for 2P reserves in excess of 12 mmboe and more than 19 mmboe in contingent resource, plus any other asset purchases. I can't believe we start with a m/c of �2.8m, 24m shares in issue and 12p/sh....;o)))...It's a bit mind blowing,

I think one difference between HNL deal to buy Tullow 101 and SQZ BKR deal is that SQZ are buying an asset whereas HNL are buying a company including their assets. SQZ I believe will need to recruit 120 technicians plus other staff. I assume the Tullow 101 staff will be retained by HNL. I think the SQZ BKR deal may take longer to close than expected. Not sure what the hand over procedure is between SQZ and BP. Not sure what the increase in boe is since 2016 but 2017 should have netted HNL up to �30m? 2017 CAPEX would have been around �15-20m. We do not know CAPEX for 2018 but I assume it will be less than 2017's costs. Tullow 101 must also have a cash stash prior to the deal too. The new HNL could have circa �15-20m in the bank and counting !...;o))

In terms of earnings growth in 2018 RPT looks to be very comparable with SQZ (assuming the BKR deal goes through).

In 2016 2,900 boepd of North Sea oil would earn about $31.5m/�24m per year. In 2017/2018 that figure could be what 30% higher? If we take an EPS of just 0.0375 and a P/E ratio of 12 that gives us 45p/sh plus cash. If the work over and new well go to plan that figure could be what another 30% higher? Guesswork.

...being completely selfish, I hope re-list doesn't happen until after April. That way I can max out my ISA again and pile even more cash into HNL....;o)) Fingers crossed for another asset purchase delaying things a bit.

Well a few good updates and some news on the work over plus new well could do the trick for you...;o)) I reckon 25p/sh is prob about right but may take an RNS or two to get there. Should be plenty of news over Feb/March. A new company presentation setting out the plans for 2018 and beyond would be good

...is due for 2017. ������...;o)))

actual spread this fine morning. Good couple of months for RPT and SQZ next couple of months. Hard cash rolling in...;o))

If the work over and new well go to plan we could be looking at huge increase in production 30% or more maybe