Member Info for munchbox54

Crude & Brent all continuing to rise. Building up a perfect storm here.

cheers obone. this will go up the same way it came down, it needs an rns to say a further $8m has been recieved along with pproduction back online, that should add another 6-7% on the sp. levels im looking at next are 65p then 72p. good luck guys, just remember helios fund managment own 29% and could play a trump card n get ela on the cheap, bid would still need to be above £1 to even consider AT THIS STAGE, hold on, alot more to come

KhunG17. 59p no chance. Momentum is strong here, good buying pressure today will see it open up and test the 5% rise with a few sellers but I expect us to touch 60p tomorrow. Chart looks very good with the break out above the 200 day moving average. I just hope they release a good string worded rns and hopefully we should see early 60s by Friday.

bang on !!!!!!!!!!!!!!!!!!!!

Best thing is they are a Scottish company with Nigerian assets. I would never invest in a Nigerian company with Nigerian directors etc etc. I think the board will pump up the barrels and put in an exit strategy and look for other assets. The 2nd half will be very interesting with huge cash flow coming in and op-7 and g-1 along with ubima hopefully all online ...... what will they do with that cash ???? Read a report from a Wall Street bank saying oil will push $60 with the summer season and inventories being drawn down along with trump going buck wild n firing middles everywhere ..... we could just get the perfect storm for a good push in the oil price. Still think ela need to issue rns saying production has resumed and update us on how op-7 is getting on especially with it targeted to come online in 10 weeks time.... work must have started.

On the ask. I'm hoping for an rns tomorrow to push it through the 60s. We need to make new highs and higher lows going forward. This is 100% a medium term hold. Personally I'm waiting for the fercados terminal to open , I think that's when the fireworks will really go off on this one. For now it's just getting ready for guy folkes night lol

Big buys coming in now Above 55p ask. This could really fly this week. It's only just gone midday. I'm going for a 57p close or there abouts.

Broken 52p easily. Need a nice rns with production back online and we should push towards 60p this week. Come on ela, let's get op-7 pumping in time for fercados opening and 80p will be a minimum !!!

I think so. Volume all last week was excellent. Looking for good volume to continue and a break of the 52p resistance.

Imagination face financial hurdle on the $23m loan secured against its headquarter office. Problems ahead me thinks. Remember it's only worth what people will pay and what's to say once they have u by the tennis balls that they will let u suffer until ur as cheap as chips before your eaten up for good. 80p will be seen again this week.

Don't like em and have never believed in them. Want to see proof in the pudding. Production up and fercados terminal opening. The rest is history

looool

Time 10.58am. Made trade way before then. Lol

I think the new presentation is very aggressive although achievable. If we just put op-1-3-7 at 17500bopd by June-July and the g-1 well at 7000bopd roughly by year end, then u have a stock turning over £500,000 a day cash flow making it £3.5m a week n so forth. This stock suddenly becomes a annual cash cow of roughly £180m ..... in pretty sure they will announce a dividend By year end.... oh and this does not include the ubima well which is also scheduled to come online this year, so lots in the mix.

I will Personally make sure this goes past 52p today lol Trade not showing though. Wonder if it pops up later

That's the quote I'm getting. It's ok db, one thing I know is when the terminal opens ela with jump 20%. Seplat CEO did say end of first half so going bk to what I posted Earlier is within 10 weeks this stock will have added 6,000 bopd from op-7 and the terminal opens .......then boooommmmm At 17500 bopd ela have roughly 8000 bopd this gives them about £400,000 cash flow each day. Re-rate coming thick n fast. 52p resistance needs to be broken.

The more I research about ela and it's very low cost to produce I feel the pioneer tax issue can be dealt with when 2019 comes making this a really good takeover target for many, especially with 50,000 bopd forecast over the next few years. I think we will see serious buying pressure continue for the rest of the week and continuing next week. I just hope they issue an rns when op-1 comes online n hopefully they start using forcados because it's much cheaper than trucking. The funds are $9m in the bank with another $9m due in a few weeks. This covers the $15m they need to get op-7 online. Lots of news flow over the next 3-6 months. Easy 90p target price.

Goldenboy2. Just made me scrape another £10k which is going in tomorrow now that u sent the link lol. So ur entitled to some of my profits mate. Cheers

I'm really impressed with the last rns. I think when the op-7 well adds the 6k bopd in 8-10 weeks time then it will sit nicely with op-1 and op-3 doing 11,500 bopd making it a sweet kiss with the farcados termibal Opening around June time. In 10 weeks I can see the sp at minimum 90p

19k shares but it's not come up on the trades. Paid 50p. Very happy indeed.