good stuff, like the look of this one, seems undervalued and some interesting drills coming up,
thinking long term here and hopefully will add more here soon ,
GLM
great news,
re drills, i posted the drilling schedule last night noting both magnolia and scotney were due to spud end on jan,
anyone know when spud dates are likely for both,
GLA
Cheers, didn't take the 2m Athena revenue into account, but less the 1.5m for the summit petroleum deal about £8.5
Significant Cash flow with some exposure to free carried drills, looks very good IMO
Atb
looks interesting,
- scotney up next 12.5% free carried interest, targetting best case 60mbo
- followed by Magnolia
- cash is about £6.5m but with the Athena acquisition now have income on £2m a month
cash is a guess £27m less athena deal £19m less summit petroleum deal £1.5m leaves cash at about £6.5m
i assume overheads are covered by lybster well (90 barrels day)
please correct me if im wrong on anything and any useful articles links would be handy,
further research required but looks a very good shout at this price,
atb