Member Info for NMH19

This looks good value now with 6,000 bopd , £15m in the bank and no debt hard to imagine the SP when the price of oil starts going back up.......

Also, a pretty good record of drilling and converting into oil bearing wells.....looking forward to more drilling news / results...

GLA

Naughtygordie - thanks for this - an interesting read. Lets see what this week brings.

Based on a little bit of research (bad nights sleep) I'm expecting PBT to be around 35m.......for the twelve months ending 31.03.24. not too long to wait to see if I'm right....

GLA

In addition to the annual accounts which need to be issued next week maybe we will get news on the license as well as :

Strategic alternatives (from May 24 update):

"Given the recent share price performance, the Company's Board and senior management are investigating a range of strategic options, including appointing a top tier investment bank to find strategic industry partners who have expertise in helping us unlock our significant gas reserves through fracking.

The Company looks forward to updating the market further in the future"........ hmmmmm

Based on past performance I'm expecting news on Friday - hopefully, a big week for shareholders and the start of a SP recovery...........

GLA

And give my portfolio a lift...... what with this and panr - boy can I pick them ..... lol

Yes got me to - had another little top up........

Hopefully the worm has turned and my latest purchase was at the lowest point for today - mind you I thought that earlier this morning........

GLA

Can anyone cast a light on why there are so many small trades? surely it cant be private investors.....just looks odd.....

Added another 15k shares this morning.....lets see how this plays out over the remainder of the year....

personally, i thought there were encouraging signs in the latest announcement....but time will tell.

GLA

Actually, I do like a day trade but right now I don't see this as day trading material .........I'm investing and hoping we see the SP well above 50p post news and maybe even higher in 2025 with increased sales volume .....

If it all goes wrong then I still think shareholders will get more than the current SP in any future payout....

GLA

On nothing.... i was quite excited for a while but back into the "holding pattern" for now.....

Bid and ask at 15.9p...........lol

Not a huge buy but should be very profitable if we get the news we want.

gla

Trade for one share - for those who believe - this is supposed to a prelude to an announcement.....

fingers crossed we get some good news.

GLA

Just picked some up at 16p and change - not too sure its going to get to 18p today but i'd love to be proved wrong.......

Net Assets 343.44m

Todays market cap - a lot less......

Another 40k shares for me.....

Just picked some up at 62p .......

So that's about 42m GBP - current market cap about 75m GBP....

Plenty of potential for a nice uplift in the SP.......lets see what today brings

GLA

Hot of the Press

Toronto, Ontario--(Newsfile Corp. - September 16, 2024) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) ("Pasofino" or the "Company") is pleased to provide an update on the strategic review process announced in its August 26, 2024 press release (the "Strategic Review Press Release"). Pasofino announces today that it has executed an exclusivity agreement dated September 12, 2024 with an arm's length potential purchaser (the "Purchaser") who has proposed to acquire Pasofino for cash consideration of US$75 million (approx. C$101.75 million), representing a purchase price of US$0.66 (approx.C$0.907) per Pasofino Common Shares[1] (the "Offer").

As previously disclosed, the Company has been engaged with multiple parties, two of whom have previously provided written proposals to acquire Pasofino, and a site visit has occurred. In light of current gold prices, the Project's NAV and recent M&A transactions for similar gold projects in Africa, Pasofino's management carefully examined several purchase proposals with the goal to realize the best value for its shareholders.

Only a small holder here but if the letter is genuine we could be in for some fun....

GLA