Member Info for ocelot

available in the margin to the left of this screen.

GF starts about 30:22 and continues through to about 1h:0230, after answering a number of questions.

Re TBS, says just that project means Alba is significantly undervalued.

In answering questions, speaks of studying JVs and farm-outs, as an alternative to cash calls on the market.

On 21/02, UKOG completed the purchase of 6% of HHDL from Doriemus for £2.1m.

On that basis, Alba's 18.1% of HHDL is valued at £6.335m.

Alba's current market cap is £8.5m.

The market is currently valuing all of its other assets, including TBS, at about £2m.

Share price reaction is lacklustre in the extreme, volume hasn't been that great either.

If the share price doesn't rise higher soon, could perhaps attract the attention of a raider.

The presentation document suggests a placing may be in the offing.

But yesterday's news from TBS was great and should far out-weigh the likelihood of a fund-raising.

They have a 5%-share in Brockham, they don't own any Angus shares.

The only thing he has managed to increase is the number of shares.
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Untrue, dahmed.

The increase in the number of shares has been used to increase acreage and % interests since 2015.

https://www.albamineralresources.com/ul/20190510%20Alba%20LSE%20Investor%20Presentation%20May%202019%20FINAL.pdf

"With all these developments in train, Alba is extremely well-placed to make a huge step forward this year."

Oil rose as Saudi Arabia reported drone attacks on pumping stations, the latest escalation in Middle East tensions after tankers were hit by sabotage over the weekend...

https://www.bloomberg.com/news/articles/2019-05-13/oil-extends-decline-as-u-s-china-trade-tensions-escalate?srnd=premium-europe

Genel has ‘impressive’ free cashflow, says Numis

Genel Energy (GENL), the miner focusing on Kurdistan, is ‘generating cash like it’s going out of fashion’, says Numis.

Analyst Thomas Martin retained his ‘buy’ recommendation and target price of 320p on the shares, which fell 1.6% to 210.5p yesterday.

‘Company success is, ultimately, measured by cash returns on investment,’ said Martin. ‘The Kurdistan oil industry offers low unit costs and fair fiscal terms, providing attractive returns on investment at prevailing oil prices.

‘Genel is generating impressive levels of free cashflow.’

He said mid-double-digit free cashflow yields could be sustained ‘through to the latter part of the next decade’.

‘With the balance sheet in a net cash position, this prodigious free cashflow generation can fund profitable growth, while also delivering cash returns to shareholders,’ he said.

ERBIL — Kurdistan Region Parliament announced on Sunday the opening for the nomination for Kurdistan Region president.

The parliament convened on 8th May and reactivated Kurdistan Region presidency after a political deal was reached by Kurdistan Democratic Party (KDP), Patriotic Union of Kurdistan (PUK) and Change Movement (Gorran).

The nomination is open from Sunday 11:00 am till Wednesday 11:00 am, the parliament announced...

http://www.basnews.com/index.php/en/news/kurdistan/520214

Yes, there is always the possibility that UKOG is sitting on a lot of recoverable oil!

scoredagainsteps 217
broadland 225
DhC 229
Withoutt 230
ocelot 235

Agreed, HATS.

BB also showed SS the potential drawbacks of focusing too much attention on one asset in particular and the need to spread the risk over a number of assets.

Their follow-up tweet said this:

"Once the well test package is in place, a flow test will be carried out and only then will we know if BRX4Z will flow commercially. All we can say at this point is that we are very happy to have successfully isolated the water from the well."

Congratulations, boyobach!

To get the ball rolling for next week, including those who have already suggested their forecasts:

scoredagainsteps 217
DhC 229
ocelot 235

Congratulations, boyobach!

To get the ball rolling for next week, including those who have already suggested their forecasts:

scoredagainsteps 217
DhC

the good quality buying is continuing.

Don't be suckered out either!

Make up your own mind, decide for yourself.

149,010 @ 212.895