Member Info for munchbox54

It’s your mind and feel free to post it. Fact is there’s gold / copper there ...... how much ? Nobody really knows yet but predicting silly .010 sp movements is just amateur and needs to stop lol. Good luck to those who are in it. It’s so sad to see people gloat or chat rubberish when others are losing money or if the sp falls. I find that sad. We should be helping each other make money.

Yes mate it’s 45% of 45% and not 100% of 45% lol

Are they still drilling ???

U guys who are in deserve the “ hit” if it comes off. It just worries me that they couldn’t annoy e further good news yet decided to update the market on a deeper more expensive and much longer time consuming drill. Good luck guys. Just makes me wonder u will still get the chance to buy in after the “ good “ news

Drilling news will take ages. As I said before I’ve sold up for now. Can see these going lower. Long term the potential is still there. Just be careful it’s not another EG.

Bottmzup. 100% agree with what u just said. I guess these guys are rookies when it comes to PR and getting the market on “ your side “ either way I’m happy for them to tweet nonsense as long as it’s all pointing to the right direction. Don’t forget each rns cost money so I guess u can say they are preserving the cash.

To finish off answering the remainder of your questions, when u get a few minutes the look up the Eland website and the nov18 presentation which will give u the percentages etc etc. Good luck

Smasher ..... how have you worked that out mate ? 45,000 bopd on what ? The oml 40 licence ? They own 100% of elcrest which is a company that owns 45% of anything producing from oml 40 so going back to your 9150 bopd it’s way off. I would say Ela share would be about 20-21,000 bopd from the 45,000bopd u mention and that’s just oml 40, remember gbetokin field will give us 7,000 bopd or so in 4 weeks ..... there’s ubima which is at 2,500 bopd although we only have 40% of that .... every little helps. So I would say re-evaluate your figures to include oml 40 pumping 45k ( 21k ours) gb pimping 15k ( 7k ours) and along with others you will have a 30,000 bopd company come June July 2019 and a share price that will most certainly reflect that and I for one would be very very surprised if by August and the start of drilling further appraisals that will just add more oil and money to the coffers that he sp will have a 1 in front of it. I can rest assure you that the 1 will be long gone !!! Here’s to £1.10+ tomorrow

Market is not pricing in the 50% production increase that’s coming online within 4 weeks. Market is down heavily and due a Santa rally. Share buy back will support the sp .... it’s why they have done it. Look at Faroe ( fpm) got offered £600m yesterday and they do 12,000 bopd not rent and a few % in some fields etc etc. Ela producing 21,000 bopd by jan and at £200m valuation is a joke. Work out the maths mate. Easiest 50% u will ever make. It will go higher but personally it will race to £1.50 very quickly from here.

With all that extra drilling it looks like being well in to the new year. I would say April -may the earliest.

Personally I think they didn’t get the results they were looking for so they need to drill deeper. Is this newcest all over again ? Got a funny smell about this being another EG. I’m out

It’s obvious. Save your money.

2 x 9k shares was me. Glad I’ve got in just as I wanted.

With the North Sea gas project adding a potential 28k boepd I think the management would pull off a classic if they let Zama appraisals and side tracks come in hopefully bigger n better and then sell it off to the highest bidder. They would easily achieve $3-5 a barrel for their share. Now imagine if it’s a 1.5bboe find with 900mboe recoverable .... that would be $5 x 225boe = £1 billion or so, argument sake let’s just say they take £600m for their stake .... wow that would send this stock in to orbit

* present in 60 countries ...

Bottomzup. I understand what you are saying but atleast they are on track and have clear growth targets. I think the PR team are nonsense and they really need to step up a level but it will all boil down to the Gibraltar contract being ratified. That will not only double the sp but will give them the funds.... recognition worldwide that they can deliver major scale contracts and hopefully more confidence in future customers. What does scare me a little is that I have read mwg are presenting 60 countries. Wttttttfffffffcfccc r they doing not winning contracts on a weekly basis ???

I’m hoping for sub 60p also after buying at 68p last week. Here’s hoping !!!

Daily Mail: Interserve, the struggling government contractor, is seeking fresh investment as it seeks to urgently tackle spiralling debts....... looks like a tipsy turvy week ahead. Rights issue at current level would be a disaster but I’m thinking who would actually want to invest in this company when there’s so many other better value plays in the current market after the sell off.

They jumped 30% on the Zama find, let’s hope the appraisal starts next week, will make for perfect Christmas timing with further confirmation of the huge find along with the Santa rally. Got in at 68p and my target price early new year is £1.20

At 68p and will buy again on Monday if they open lower. Absolutely redicoulous that they have a 25% stake in a possible 2bboe find off Mexico to be appraised next week and yet the market gives us a gift at current levels. This will bounce and when it does my average will be low 60s