Member Info for pjmcgra

This morning, SP moved only slightly , from 1.725 to 1.74 , it's the BH ,all is closed , who moved the SP.?

An poignant tune and I believe.

https://www.youtube.com/watch?v=d1gYJDQXPOk

Nice find Hemo, mind boggling figures

M/cap 1 billion = £ 0.18p

M/cap 6 billion = £1.1287p

M/cap 10 billion= £ 1.87p

And so on , don't want to get ahead of one self, but truly head scratching numbers..

It appears the deeper you go ,it just gets better.I

Highlight excerpt from 6th Aust RNS,

The Company has successfully re-entered and deepened the ITW-1 well a further 168m into the Basement and has reached a new total depth ("TD") of 1129m measured depth ("MD")

· Near-continuous helium and hydrogen shows measured whilst drilling and were notably higher than those encountered whilst drilling the overburden section during Phase II

I'm reading into that the % Helium is greater than 4.7% along with hydrogen.

If this is the case, a JV will be ever nearer.

Imho , a larger company maybe equipped better, to extract and drill further wells to get the full potential from such a

rich piece of real estate.

Fingers crossed Lorna has good news , just like last time. Boom!!!!!!!

GLAH

Raydaar ,you need this break, come back on Tuesday firing on all cylinders.

Since last RNS 6th August , the total depth was reached ,and preparations were made to secure the drill hole,

Excerpt from the RNS,

The next phase of the operations now involves preparing the wellbore for running the 7" slotted casing and cementing it in place. Once this is complete, the Company will then run a completion string in the hole comprising of tubing and packers to allow multiple testing of the two zones (the fractured Basement and the faulted Karoo Group) during the EWT.

The Company will provide further updates in due course.

That was 3 weeks ago,,news will be here soon, 4th September imho.

GLAH

I still think results will be around early September,

the leaks where ever are very positive.

GLAH

Can you break it down in layman terms , as I am struggling with your logic and ema,a ?

Is there a rescue plan or is it going down , this share is hurting a lot of us.I

Ive got to believe GR , can pull us out of the mire.

Market cap up to £111.63million , was always languishing around 100 million.

Lorna,a looking at a healthy position before RNS . Boom time !!!!!!

Number crunching , for fun,I

Company worth :-

£ 100,000,000 ÷ 5,320,000,000 ( shares in issue ) = £ 0.019p

£250 million ÷ 5320,000,000 ( shares in issue ) = £ 0.0477p.

£500 million =£ 0.094p

£1billion = £ 0.19p

Definitely doable

Roger , and to think , they held off drilling until their own drill in teams had assembled ,

This is the good feel factor we are experiencing.

GLAH

Bob, you are a bittered man today, it's your fault . Sell up , if you are not happy

It's not our fault that oil and gas is in the toilet.

So why is the £ 1000 play not showing BLUE.

LSE at it again, bought at 08.57 £ 1000, showing a sell, they want this to fall.

Are we producing anything , we haven't heard from George Roach in a while as to our latest position ?

Mani , what sort of JV offer should be reasonable then , 5p, 10p or 20p even ?

My point was , there was not much in profit in over 18months , your figures are different and more appealing , as Gordon points out based on good gas output from well 1 and so on

To quote Gordon 1237, who I respect his insight ,said PJ. Last year on the website the company placed on the website an estimate for a 10 well model that gave an estimate of NPV profits of £58 million. A full field development would consist of 30 + wells. Half of those profits would be Syn's. Plus they are saving 10 million usd by Selan paying for all of the initial work programme. A

All that is based on achieving target flow rates and a high pressure gas price of $15 per MCF which will only be applicable once total production exceeds around 10 mmscfd.

That item has since been removed from the website but still gives a reasonable estimate of what might be possible.

JP, it was based on profit ,halved by SELAN , 58million ÷ 2 = 29 million, hence S P 0.0025p,

Over a 10 well work plan.

Unless we,'re missing something.,