Member Info for regvarny

.........Goldman Sachs......predicts oil at $90 BOO by year end......Reg

Money......my hunch is interim results were delayed to end of September......so an oil production update could follow on Friday 1st October......If H1 receivables are anything to go by......I think the market could be wrong footed here.....Reg

Steven......I have looked at the balance sheet this morning......noted the receivables increase from 0 H1 to £960k H2.....coupled with BritNRG oil production update Sept 2.....I feel confident we are now trading at a profit.....We may get a further update on Whisby oil production in early October.....Gold Ridge....I would imagine..... MetalNRG.....will seek to bring in a partner to recoup its initial investment.....on higher assay found.....Reg

.......correction.....H1 and H2 not Q1/2.....Silly Reg

........current cash in hand plus recieivables owed to business =......£1.06m......of which oil sales total £960k.....Conclusion.....you strip out £250k IPO/Oil Capex/Victoria Gold impairment costs..... your left with an actual trading loss of near £300k.....The difference from Q1 trading .....to now Q2 is we presently have near £1m in oil receivables and growing......to offset against our trading expenses......Therefore we should be currently trading at a profit......Reg

.......we also need to know whats is happening with BritNRG Whisby 7 producer......Reg

.......early oil .revenue figures = £38k for six month period to June 2021.....We know MetalNRG are now selling over 4000 BOO per month.....= future six month revenues of £1.9m.....MetalNRG......50% owner of BritNRG will recievve half these revenues......Costs to business should decrease over next six month period due to Capex reducing on oil project and Gold Victorria iinpairment charge are stripped out ......Rolf.....could you tell the market what your current oil production/sales are going forward......Reg

........MetalNRG.....are currently producing near 150 BOO per day......from their on land Lincolnshire Whisby oilfield.....MetalNRG have plans to increase production to 1000 BOO per day.....Gold Ridge Arizona Gold mine......has also been an astute investment with more Gold mineralization found than previously thought.....Up to 6.5 g/t..... with only 10% of unmined pillars sampled so far......This sampling with be completed by November.....Good news on extra oil production.....increased Gold reserves..... earnings outlook.....will be share accretive.....Reg

.......MetaNRG presently have.....100 BOO per day free cashflow production ......= revenue of £2.3m annually.....with the prospect of third producer Whisby 7 coming on line......we could be producing 200 BOO.....with free annual cashflow of £4.6m.....MetalNRG have a market cap of £5m.....Not to be too Verbose.....this is a penny stock to add to your portfolio.....Reg

.......IMHO......any news on new Whisby oil producer.....Whisby 7......coming on line will send the sp into orbit......2p.....by Christmas......Reg

.......Uranium......well 10% of mine.....is small .....in relation to MetalNRG other assets......What I do like here is managements handle on trends......be it oil.....gold.....renewables.....or Uranium......Very impressive......Reg

.......oil price now standing at nearly $80 BOO....Gold mine with proven reserves......Both these assets are based n safe regulated parts of the world.....Namely UK and US......Whats not to like here......Uranium.....Reg

.......Walletinvestor in July.....predicted MetalNRG sp would climb to .6p in one year.....Reg

Gold Ridge Arizona Gold Mine.......has strong power grid and road infrastructure.....With 10% unmined pillars now sampled.....containing Gold mineralization values.....from 0.05 to 6.5 grams per ton......10-14 g/t.....are the highest figures to be found from other Gold mine producers.....Sample audit will be completed by November using the latest technology.....Company expects to find increased Gold mineralization......than previous guidance.....Reg

.......Rolf.....whats the progress on third Whisby producer.....Whisby 7......Could mean an additional 50-100 BOO per day production......Dyor.....Goes well on Shell.....Reg

.......company is net cash flow positive on 50 BOO per day production.....Now producing 150 BOO per day.....Thats 100 BOO per day free cash flow.....Production is predicted to increase to 1000 BOO per day......£5m mkt cap......Dyor.....Reg

.......correction.....moths is on 100 BOO.....not 200.....so £2.4m free cash flow annually......but with addition of Whisby 7 producer we may arrive at 250 BOO production soon.....Bum bum Esso Blue.....Reg

Reg musing......Following the Sunset oil asset purchase for....£1.9m.....plus 750k working capital.....and £475k convertible loan note......Total cost to MetalNRG is £3.125m.....giving us 65% of business.......Loan note conversion is maybe the reason why sp is not reflecting near trebling of oil production......at $76 BOO......Further....at the time of Sunset acquisition......company was only produced 50 BOO per day.....and said it would be net cashflow positive.......Therefore.....with production now standing at 150 BOO per day and increasing .....with the addition soon of Whisby 7 producer......you have free cashflow of 200 plus BOO per day......= revenues of £400k per month......or £4.8m per year.....Which is near enough our current mkt cap alone......Reg

.......sp does not reflect current value here......1.5p is where we should be......Reg

.......MetalNRG are an oil producer......I say....lets open up those taps.....Rolf......whats happening with the new well head Whisby 7.....Could mean 50-100 extra BBO per day production.....Reg