Member Info for redwineday

You need to discount the future cash flow over the life of the field, say 20 years.. So in this case your 600m becomes 100m at today's money. Personally I think 30 a barrel net is way too high. I think even 10 is probably on the high side but who knows.

If I were Exxon I'd be offering Eco a free cary on one or two wells in the creatious in return for them giving up any Hammerhead claim.

IJWT

Where do you get the 10% number from? T

The estimates I can find for the Orinduick share are around 3% to 5% best case. Last estimate of net recoverable on Hammerhead was 388mmboe. 3% of this discounted gives a value of around $36m at $10 per barrel net. 10 would be low vs Stabroek but obviously heavy crude net back is going to be less than that. Too many variables to draw any conclusions but I think any deal would be in the low 10's of millions best case.

Can't see GEM surviving in its current form given the environment. My bet would be the "non controlling interests" moving in.

Aberforth out. They must have taken quite a bath on that given they have been LTH here back to the 80p plus days.

3b/4b farm out has done nothing for the SP over the past year given we are now at a new low. Of course there may be a kick in the SP short term on the back of any farm out news. I think really only drill news is likely to have any meaningful effect. Exxon as a partner would be a different story.

And as you say they are seeking into all time low…

Yes, would guess it’s them. But worrying given they are Capetown based

AT&T is mentioned on Monks.tech services website on the client roster.

Senior moment. Not unexpected at his age :-)

Agree its a bit confusing but I think he is referring to T Mobile. I can't imagine a CCP controlled company allowing a foreign company access.

Completely agree Thunder. He’s gone from being a fixture on pro active to MIA.

I tell myself that’s because he is close to a deal and can’t. I may be guilty of self delusion.

Interesting podcast on the Exxon Chevron dispute in the FT's podcast feed. Doubt if it means anything for Eco but its interesting nevertheless.

Yikes!

Should add that high valuation implies greater growth potential. You don’t get that when revenue is falling.

GoCPI

Your argument is contradictory. You say you continue to buy as one day value will out. But you say the London market is the cause of the underlying SP weakness as it doesn’t know how to value.

The price does not improve because there are more sellers than buyers and those sellers have a reason to sell. The reason to buy is not proven due to continuous revenue misses.

I’d argue you’re conflating two different things. A structural issue with the LSE and a company that has yet to demonstrate its organic growth potential. There are many companies on the LSE who have managed very high PE valuations despite being listed on London.

Martin needs to show revenue has stabilised at a minimum and margin growth.

This share will continue to get sand kicked in its face until he does so. Valuation metrics are out of the window until the market can see a future without quarter after quarter of downward revenue revisions

I noticed he was on an LBC politics panel show yesterday evening. How this is related to his day job or helping his shareholders is beyond me. If he wants to be a full time pundit then he should hand over to someone else. One thing doing this as head of a global comms conglomerate like WPP. Another when leading a minow in need of substantial remediation like S4. I can’t think of anyone in a similar position who does the same thing.

They must be pressing Sorrel on a daily basis and or threatening him more subtlety.

I just don’t see II’s sitting doing nothing and if I’m right they’ll be on manoeuvres or SMS will have placated them with a plan they have bought into.

The pressure on him must be enormous between his employee ownership and funds including Stanhope sitting on such a large paper loss, not to mention his own fortune.

SMS comes across well in these interview, can't help but wonder if this would be the case if things were as grim as the share price makes out..

He has been doing this all of his days so I don't think you can draw this conclusion. The conclusion I draw is his ego is enormous and 50 views on you tube seems to tickle it.

More posts on here than trades in the market. I suspect if any of us chose to dump ours we could probably drop the price to 5p!

Lack of interest is quite baffling given3b/4b

He'll be along shortly with his thank you seller guff to tell us he is all in. Tedious...