Member Info for MTSparky

Considering I was expecting £25/sh by Dec 2019 we still have a long way to go !!...;o))

Easyinvestor maybe you should give Diane Abbot a call?

PMSL !! just trying to be helpful, whats the problem..;o))

Easy have you contacted HALO to see if they can sort a sell trade for you?

maybe like like this just prior to the Marathon announcement?...nudge nudge wink wink

RRE deffo target now. Buy RRE and use the cash flow to borrow against and then subsequently pay off your debt. Private equity must be having a good look.

Yes I think the same. AC talks about organic growth and the Engie relationship appears to be working so fingers crossed. Baby steps.

Morning RB . I think these comparisons are dangerous because RockRose for example has about £250m in cash. Hopefully HALO can be valued at least £2/sh maybe.

Over the moon, Jupiter, Mars and back !! Valuation is really tricky though. There is a hunger out there to buy North Sea assets and sometimes a bidding war. If say Rockrose were to buy HALO it would increase their reserves by about 30% and production by say 15%. Rockrose should be valued at say £480m. So using comparisons like this you get a decent market cap for HALO.

As we can see, there is a large disconnect between an accountants valuation and the markets valuation. The market valuation is well below an accountants valuation. That is why I think I would prefer a takeover of HALO, it would mean we get a higher price. It could also mean the re-list price is going to be higher than anticipated. There is hope at least !!…;o))

Number of shares in issue
29,886,836
1 January 2019

You could apply the benchmark ~£8 per barrel P2 but I guess that would depend on how much profit HALO actually make when factoring in the Engie take off agreement and CAPEX required for PW. £150m market cap would be quite nice though...;o))

Let’s hope we can squeeze in one more asset purchase before the hugely anticipated 2020 re-list..;0))

19mmboe of reserves 3400bopd God only knows what it’s worth, might give Diane Abbot a call...lol

Brent currently ~$69. RRE get say $3 above brent so $72 a barrel. OPEX is about $35 per barrel I think. Hedging/gas production complicate things a bit. Can't wait for the updated earning figures for RRE hopefully due this week !!...;o))

From I3e website:
Shares In Issue
As at 30/11/19, the number of shares in issue was 93,433,685.

Is this correct? Assuming the placing did go through shouldn't there be more shares in issue?

Does anyone genuinely see a future for this company? Tain development will likely continue by RRE/RSUK with or without I3E Serenity. So I cannot see RRE or RSUK needing to make an offer for I3E. £30m OF DEBT. If they cannot get more serious funding or farm in, they are finished aren't they? Majid Shafiq has really screwed up. Reputation in tatters. Can he be trusted?

I just get a feeling the January financial update is going to be a driver pushing the SP to higher highs. A nice surprise to the upside regarding cash levels me thinks. Maybe a hint at an acquisition too.

RRE must be earning over £500k per day after overheads. Valued at cash , what a gift !!

MERRY XMAS & HAPPY NEW YEAR FOLKS !! ...;0)))

https://www.cnbc.com/2019/10/31/nord-stream-2-a-russian-led-gas-pipeline-in-europe-will-soon-exist.html

I am guessing this may be a contributor to the Dutch TTF price crash and may further affect the price going forward. Interesting that Engie are part funders of the pipeline construction. For a minnow company Cochran has done an amazing job positioning HALO alongside some of Europe's major energy players.

1905.00 - 1920.00 (GBX) at 14:40:26
on Market (LSE)

If we break £20/sh today this has to be news driven surely...;o))

If it is a news leak I can see the SP going a lot higher. Co is valued at £37/sh as it is so we could be looking at £50/sh + post acquisition...;o)))