Member Info for MTSparky

RRE should finish the year with at least £200m in unrestricted cash. At this cash level the company is still massively undervalued. The cash levels And CAPEX shouldn’t be any surprise as it is all stated within the companies presentations on their website . 2021 should be quite some year for RRE.

I think a dividend is essential to underpin the SP. company needs to transform from volatile value to a steady real value. Lock money in.

...just topped up...;o))

£18.00 has broken...again. Lets see how the cat and mouse routine pans out. They need to get a move on or they could be locked out, or locked in. Asset purchase could literally drop at any time IMO...;o))

.....news soon!!...lol :o)))

With a pretty much universal agreement that RRE value is more like £37/sh as it stands, the prospect of a re-rate based on a new acquisition is rather mouth watering to say the least !...;o)))

...but when averaged out over 12 months and hedging considered, the lower TTF should be a drop in the ocean to overall RRE performance hopefully.

My only slight concern with RRE 2019 income is the impact of Dutch TTF at 11.04 as opposed to 20.00 when they purchased Dyas.

No probably not. AA is on a mission isn't he. Quite exciting really..;o))

Haha..I wish I could 1750 !! If I had the cash I would. I'd sell HALO and chuck the cash in here that's for sure !

quite a few boarding right now ! The buyer will have nearly as many shares as me soon...;o))

It must be frustrating for the buyer, who needs to get in ASAP before a sharp rise in SP from potential news flow. Game of cat and mouse atm.

Having another bash at £18...GLA !...;o))

Blade we do want to be fully informed. I'm not too sure though that your post does that. You have basically stated that the fundamentals of RRE are incorrect or questionable because there may or may not be a pension deficit. but at this time there isn't a deficit. There are many more, more significant risks to the fundamentals than pension deficits I would have thought.

Blade, forgive my ignorance, but how does your post make any of what Denziiil has written untrue?

Its not day to day admin costs that concern me its more a potential catastrophic failure of production equipment etc. that may require serious one off cash OPEX. I remain cautiously optimistic on HALO success but the risks are there that this could all go horribly wrong.

Nerves of steel you lot....lol

Material uncertainty relating to going concern

We draw attention to note 1 in the financial statements, which indicates that as at 31 December 2018, the group was dependent on securing third party financial support in order to meet significant cash commitments falling due within the next twelve months and during the foreseeable future thereafter. The group is currently in discussion with a number of finance providers and the directors are confident of securing the loan facility required to cover development, drilling, operating and abandonment obligations, but no facility agreement has yet been signed.

As stated in note 1, these conditions indicate that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.

Lets hope the Andromeda structure is connected to the Pegasus West structure with recoverable volumes from the entire structure between 77 and 527 Bcf with P50 recoverable volumes of 217 Bcf. 50mmboe P2 on the books would be OK I suppose....;o))

Also look at Cochran's history, I remember Dominion Petroleum.

Why thanks 1750, I didn't realise you were in HNL too.

400 BScf to 2 TScf of GIIP has got to temp someone, hasn't it?!?! The difference here though (as opposed to other RRE targets like IOG) IMO is that I don't think any good offer would be rejected...not by me anyway !!…;o))