Member Info for rizq786

How much revenue will we approximately generate from the six additional wells by end of year? If we estimate similar productions to the producing wells. Someone did post it before but can't find it now. Thanks in advance.

I can understand your frustration because I also bought some when they were in their 40s. I know the SP isn't good at the moment, but the share or company is not dead but have got great assets that are active with an income stream now. But most importantly the fear of dilution or even worse death spiral finance is not applicable to us. That is the biggest positive for me as those are the real killers for the SP and company.

People need to understand that the sp can be disconnected from fundementals at times and sentiment can change quickly. This share doesn't have the sentiment and isn't being ramped to heavens and there are a large chunk of warrants which will be executed along the way. But the fundementals of the company are strong and if any of the plays take off then the sp will react accordingly. DTU with its dual purpose of refrak and parent well protection is a game changer for the industry and could become a legal requirement in the industry. These claims are not bogus they are real so adoption is awaited or if someone beats us with a better and more favourable solution. Helios 2 is massive in numbers, worth several billions, but obviously higher risk. They've already started work on it and expanded the targets so if that comes out successful then you decide on the sp. It's slow but I'm happy to wait.

The gas that flowed wasn't comercial (my opinion) so what makes us think that the third stage will alter that?

Is this a new interview?

The last 2 rns helped us climb 8% and the speed at which they're releasing rns we'll be up 30p in no time. Only hoping.

I agree with BABA in that the true value of the deal will be realised if they can repeat this free carry model and utilise the cash for quicker returns elsewhere.

Would we start generating revenue from the first couple of drilled wells or we'll frak all at the end and generate revenue then?

With the new gas deal and considering the gas production was on the increase that can add significant dollars too. It shows that the deal is a good one for us in the longer run. The excitement of drilling and producing have gone, but so has the uncertainty of funding and fear of dilution. Good luck all. Patience will be rewarded.

I think there is a big seller, could be anyone that's been mentioned, and perhaps that's why they're seeking insituational investors to give buying parity for those sells.

It's very dissapointing as we've had a very depressing SP as no positive RNS has managed to give it a lift, however, I feel there will be a surge sometime on the future as we have the details of drilling coming up along with our other commercial interest. And the research note should also help if it's positive.

It was a deal that Hnr signed which wasn't in the original deal so hoping it is exclusive to HNR but not sure.

I think it's a good move for it gives us cash injection which we can utilise for other similar deals and utilise for our other two plays. Plus we've got a free future income stream. And if the gas sale is exclusive to Hnr then that's a massive bonus too.

Is the gas sale exclusive to Hnr or do we get 7.5%? I think with the gas pipeline contract this could amount to significant income for us.

3D seismic may not cost as much if other companies have carrier out 3D seismic over our license area. Sometimes specialist companies carry out seismic over prospective areas in the hope that others interested explorers may want to buy it off them. So if majors are really interested in offshore namibia then things can get busy. But I would say the comoany needs to get busy as they've not added much value to the company over the years. So if they even took an interest in other distressed companies that could ignite sp as surely te 5 mill is not there to be left in the bank for directors salaries.

I think it's fair to say that this share from this position in price and company development presents a good investment opportunity in terms of risk vs reward. The company is happy with the cpr and regard their acreage as highly prospective to warrant appointing a specialist group to seek a farm out. This might lead to a farm out and hopefully soon as the company has moved fast with this. I'm hoping there's already interest from someone. Secondly we have 5 mill which can be invested if a good opportunity comes up as there are good companies with good prospects which are cash strapped. Cash is king! I also agree with pijou that we can't claim to have oil as that can only happen after drilling, but a prospective acreage with potential for 3 billion oil is not too bad for £0.

The price is nuts and will be corrected soon IMO. They have 5 million in bank and 3 billion barrels of oil in place and the Mcap is 4.6 million. Yes we know they were looking to farm out so no new news there, but the positives in the announcements are: they think the CPR is positive and they regard the area as highly prospective; they've instructed a specialist firm to find a partner who have a wealth elof experience and contacts and who are in Mayfair now maybe doing some talks now; third is there will be no dilution; and lastly the company has acted fast with the next step of the process which is a good sign of management. I don't know the managements history so the current move shows me that they're moving in the right direction at the right speed. The liquidity of this stock is a problem so just got to be patient to see positive SP reflection. Good luck all.

What do you reckon the relevance or significance would be of mentioning Mayfair and data rooms for global farmout?

You can explain to us.

I think it would be good to write to the company and get their thoughts on the report. Good find Dougal.