Member Info for NancyPelosi

Full Disclosure - no advice, public information only, I own this stock and have been buying more

New target price of 16p from Auctus Advisers as noted on Bloomberg terminal earlier:

Solid production in 1Q26. Unexpected recovery of US$ 1 mm • 1Q26 production averaged 918 boe/d (71% oil). Including NGL volumes, we estimate total output of ~1,045 boe/d, ahead of our prior forecast of ~1,000 boe/d. • This is a particularly solid performance given that 1Q26 volumes were negatively affected by a January cold snap that temporarily shut in some production. • The Company also recovered US$1 mm from a working‑interest partner, an amount previously written off by the company’s auditors in 2024. • 2Q26 production could also exceed expectations. We currently model 995 boe/d (including NGLs). • Key upcoming catalysts include updates on marketing/funding arrangements and/or a potential partnering process. We now assume first production from Paradox in 4Q26, although this date is dependent on the regulatory approval process and could accelerate or be delayed. • We reiterate our £0.16 per share target price. Valuation and financials Our Core NAV stands at £0.07 per share, with a ReNAV of £0.16 per share. At the current share price, the market is assigning less than half the value implied by the company’s 2P reserves alone. Our risked upside reflects the value we assign to the 2C resource base and to only one of the eight overlying Paradox reservoirs.