Member Info for opp03ite

Thank you and my foolish error. A lot will depend on the deal(s) completed by the BOD, the flow rates and the costs. Table below details what each 500 bopd is worth in gross annual earnings and at 50% (or minus costs) as just as a fag packet taster.

BOEPD $ barrel Day Gross Year 50%
500 50 $25,000 $9,125,000 $4,562,500
1000 50 $50,000 $18,250,000 $9,125,000
1500 50 $75,000 $27,375,000 $13,687,500
2000 50 $100,000 $36,500,000 $18,250,000
2500 50 $125,000 $45,625,000 $22,812,500
3000 50 $150,000 $54,750,000 $27,375,000
3500 50 $175,000 $63,875,000 $31,937,500
4000 50 $200,000 $73,000,000 $36,500,000
4500 50 $225,000 $82,125,000 $41,062,500
5000 50 $250,000 $91,250,000 $45,625,000

Op

Current assets are what £22 million. IPO due in October, add £3 million. I expect a producing asset(s) some time October, add say £10 million being conservative + a licence and spud date £5 million.

22+3+10+5 = £40 million or an SP around 15p is possible

Put me down for a cautious 7p please fjones40 in case either some of the above do not come in and or the market continues to undervalue the assets like todays mcap and SP.

Thank you in advance.

Op

Looks like someone just closed their trade then, this one looks like it has much longer legs imo.

Op

+1 greatap Exactly the kind of rinse repeater response expected, and a big bite from a small post.

"Early spud" before that come a licence, no one expects a spud before December but they do expect licence before a spud & thus a farmout completion.

Op

Pretty clear those who have money tied up elsewhere and are missing the boat here it seems.

Op

Sell up if you don't think there is upside on a share and there is certainly no point moaning like an old woman, people will just filter dribble after a while.

License inbound is the word on the street.
Op

They need to pump it to 0.1p nominal value to get their placing away.......

Whats the cash position, must be about out by now?

There has clearly been plenty of opportunities to make money on this share just like any other, in fact I made a killing on the run up to the last drill results when it went above 18p and expect something similar with this next drill + the price now is even less than I paid last time, so extraordinarily cheap entry imho.

Op

Once the Spivs and those employed by them hit their target on the way down ready for their next bull run up a lot of avatars will vanish here.

Best of luck.

Keep your eyes peeled.

MATD is crazily overpriced, not one good drill to their name and a mcap of 53m there will be a major re-correction there, surely it's very obvious?

Shame if the had a 2p on the SP for each duster matd have drilled, the SP would be about 10p

Coordinated short attack over yet?
Is it time to buy in (for some buy back in) or should I wait for 7.850p?

https://www.pinterest.co.uk/pin/509117932845579724/

Dot 1. It's going to be months before anything happens and we all know what that means on AIM.

I have my VPN package ready to go along with some id's and have observed that it is much easier to pray on fear than greed. I have worked hard all my life but am ready to succumb to the much easier job of working fear into the hearts of PI's and have some excellent ideas on spreading non truths about off shore platforms costs, like jack ups and drill boats V cheaper onshore drill costs to give just one example.

Let me know please, many thanks

opp03ite

Many thanks for a straight answer lloydyboy.

fjones, I only asked if there were more warrants outstanding. Thanks for for both replies but in both cases you failed to answer my question anyway.

I agree a 1.1% dilution is not large but I was just checking there were no others outstanding, a short cut question that turned into a long cut it would seem.

Anyone else able to confirm please?

fjones40 no I am not & I don't generally invest my hard earned till I have a full idea of the situation, especially where CLN's and warrants are involved and hence my question in the first place.