Member Info for munchbox54

Got my 150k. Now happy to wait

Yes there’s an element of risk attached as with any stock but the market has missed a huge trick here. If LEK was suspended and announced this funding and then decided to relist they would have come on the market north of 20p for sure. I’m in at 8:01am for 150,000 shares.

I’ve read many credible investors new year predictions and many expect a minor sell off of around 10% on the markets. It’s safe to say the sellers have many more shares to offload here. 17-18p is very much on the cards. AK has tricked many in to investing and now he must deliver ...... in Nigeria / Niger ..... good luck trying to succeed.

My money is tomorrow. Paddy power giving great odds. Looool

$316m

Duster. I get that. It’s still $650m revenue. Obviously you take away the costs. Looking good today .... nice recovery. Hoping for a blue finish.

Jimmy. On 30k bopd they will
Be earning revenue in excess of $650m. Think that sounds a little more exciting than EBITDA of £250m lol.

30,000 bopd @ $60 per barrel = $1.8m a day !!!!!

Looks like this will push markets higher although it’s inly 90k it will spook the price and expect it to jump higher on Monday and continue its move upwards ......

Protesters in Iraq on Saturday shut down a southern oil field and forced a cutoff of electricity at the facility amid unrest that has racked the capital and much of southern Iraq since public anger first boiled over nearly three months ago, news media reported.

Reuters reported that the demonstrators chanted, "No homeland, no oil!" as they forced the closure at the Nassiriya oil field, which produces 90,000 barrels a day.

The news agency cited "a security source and two oil sources" as saying the facility had been shut down.

Glad AA has a large % so he will watch his pennies closely. Don’t want no debt .... period . Becomes an issue with a falling oil price and lower profits etc and long term ends up strangling the company ..... ask tullow !!! 30% of spirit energy is absolutely perfect adding 39,000 bopd. Will still be debt free and a sp relisting of £60 a share !!!

RNS * gets logged !!!!

Looking good to carry on the gains. Would be very surprised to see a drop. Can see next trading day being a solid blue and personal opinion is day before full year results we will be above £20. The previous gains were made as the end gets logged ....most of the times day before and usually causes price movements that are not usual. I can see next 3-4 trading days all being positive with a really good open on full year rns. It’s impo that AA highlights cash in bank and the 30,000 bopd potential exit rate for 2020.

Rookie, I’m really pleased with whoever suggested that I should not wait. Yes it was my decision but that post was perfect to give me the push because now I’m sitting pretty and dare I say that advice was golden. Apologies I said I wouldn’t post but I just can’t help getting excited with RRE knowing that it’s going to give me a nice return .... very soon.

Your gona need it. Many remember me on here a while ago when the original suspension/ To was announced. I was harsh against AK and it seems I was right. Luckily I got out from return on suspension but I was also against people like zengas / hub and all the other major rappers that painted a seriously white picture here. AK is useless and it will be a long long time before this recovers or even thinks about rising above 30p. It seems AK has lost credibility in the City although he managed to pull off the complete seven TO a million years later. Good luck here. You will certainly need it.

I apologise prior if I seem to ramp but we have all done it before.

However this is a more calculated ramp, I’ve just bought more , it’s not the fact I’m up a good amount but I’ve just realised that if we will

exit 2020 @ 30,000 bopd giving us roughly $650m in revenue

Any acquisition will add bopd right ? If AA nabs the 30% of spirit energy then we could exit with 65,000 bopd and potential $1.3b ...... yes billion in revenue then god knows what the sp will be. This share can never split because of so few shares in issue so I see it following the same footsteps as randgold that also had 13m -21m shares in issue and traded from £21 towards £89 before getting taken over. I can see the sp atleast triple of what it is today come January 2021. Good luck guys. No more posts until after new year from me. Still in Tunisia trying to explain with sign language as nobody here speaks English lol.

I won’t bore you guys but I’ve done some rough calcs with peers and here’s my opinion:

I’ve mentioned FPM being taken over at £681m with 20k bopd and reasonable reserves at 80m boe p2

I’ve just looked at ELA which was taken over by seplat for £381m with 10k bopd and dodgy Nigerian reserves.

So looking at these comparables I would suggest our 20k bopd with reserves is worth min £200m and that’s being conservative..... cash in bank £250m

We should have a CURRENT value of £450m but take in to consideration that we will be getting :

6500 bopd from Arran by year end
2500 bopd from other wells
Tain is supposed to add 6mboe and that will smash projections to the upside.

So in theory we will be producing an exit rate close to 30k bopd come year end which is worth £300m and cash in bank will have grown to £350m so the technically we should be a £650m Compsny year end. Above figures are approx and can differ slightly but they are ball part assumptions.

My target is £35 in 2020 without acquisition and £70 with !!!

30,000 bopd @ $60 average is $1.8m a day and roughly £650m a year. .... debt free!!

From what I have seen in the last 2-3 trading days is exciting to say the least. For rre to hold Fridays losing trade and turn it in to positive shows support. More importantly the way this has shifted from that £16.85 to the £19 level in a blink is brilliant. Can see transformational news in January. Would personally like it on the following order to maximise gain in sp ....

Full year results with cash in bank upgrade

well news with good flow rates ....

News of acquisition talks.

What a start to the new year that would be !!!!

Ps. I’m not even going to try and guess the sp because that’s out of the window with only 8m shares in issue.

From experience it is impossible to keep a sp down with so many buys being processed unless ...... there’s still a large sell order to fill, with so much buying the price being stagnated is unreal in normal trading terms as we all know a little buy or sell can move the sp.... so my thoughts are ... don’t shoot me lol ..... there’s a large sell yet to be process and until then shares are filled with buys the sp stays here and in fact I see a drop tomorrow of 15-20p on the sp. also looking at the last rns AA did mention 2021-22 for adding suitable assets to growth .... we all know he won’t wait that long. My feeling is jan full year update will have many fruitful surprises and merry fun for us all

Thanks for clearing that up blah blah. Listen, let me just put my side straight , I really hope you guys who are invested in here make money, yes it’s risky and yes it’s possible, joat I wish the nest for your optimism mate and never am I one to gloat when someone losses money. I feel they could be a takeover target but the strategy is wrong, trying to expand quickly hoping the profit Colum ticks up is risky and it’s the type of business where they are forced in to this strategy. I love the AI technology, it’s amazing what the future holds for all of us in general with regards to technology and how the world will revolve. Enjoy Christmas and wish all of the best for the new year.

Just landed in Tunisia .... managed to get some Internet now and see my Little Rock baby growing taller. They all speak French here n it’s a nightmare getting done English across lol. Anyway atleast inunderstand today’s rise better.

Lexion ... good luck with your investment , I guess you were one if the lucky ones but one can argue they offer tips in good faith ... I think lol but it’s just been soo difficult in the last 2-3 years to make good money with consistent stock picks. I feel 2020 could really be mega for RRE , I just hope AA doesn’t go all out or decide to punch above his weight because many before have tried to go big and usually it fails in the long term. Still hope he can nab the 30% of spirit energy adding 39,000 bopd and then it’s safe to say the sp would be triple the current price. Hope we are steady on Monday , if it falls then I might have to start adding more to the portfolio.