Member Info for Robsroom

The EPL seems like a bit of a red herring, sure it’s unfair and punitive, but from what I can see it’s future impact has been taken as a one off hit this year. Next year we have a company that’s is forecast to have post tax profits of a billion, a 7% yield, no debt and a 2 billion market cap? EIG were buying at the same time Blair was selling? Wonder if there is monkey business there? Taking it private again?

Director selling is the only red flag I can find, the stock seems irrationally priced.

Increasingly like the look of this stock. Can anyone explain the insider selling by Blair Thomas?

Definitely a positive, hard to take seriously as a company as a penny share. They are sitting on material shares in the most exciting SNS play in years with a major committed to the opportunity. Their share in Pensacola must be worth the current market cap, never mind Selene when that comes along. Sure this will multibag, after the consolidation in the next 12 to 24 months.

I wonder if the price action on Thursday is anyway related to the 750000 options that will have vested to the Ithaca team?

Does anyone know what cash raised from IPO was used for? I presume it was a payment to the founders? now they could buy the company back with half the cash pile they raised? I don’t see much margin in their balance sheet and cash flow to ride the waves.

I thin £10 is first stop, this is worth £100M with no line of sight to first oil. With a farm out secured and path to revenue, £320M mcap would still be insanely cheap for what will be the hottest property in the North Sea. Sit tight, expect a slow trickle back down to 150p between now and end of April (hope I’m wrong on that). Exciting times!

Institutions buying JOG, who would have thought!

Not an easy macro to do a deal, it will come, uncomfortable ride but find me a potential 5 bagger that isn’t. GLA

Aye good news, but any deal will be kicked into the long grass of Q2 next week Briggs, maybe even 2024? Lol. But when it drops, boom.

Thanks Exploration - helpful.
Seller in the market as I've just bought 40k over the last two days and it ain't budged, should be easy to monetize with a proven operator.

15M BOE - does anyone know the economics that would determine the value of that if Deltic were to sell their 30%? Is $10 a barrel too much to hope for? That would equate to the 6p per share estimate they have in their presentation.

The EPL makes this proper boom and bust territory, take the EPL at face value it should turbo charge deal making, if JOG is valued at 400M (I’m an optimist), anyone with tax to pay could acquire it lock stock and barrel for 40M. But, how many people actually have that sort of tax to pay? They big unknOwn is what happens after 2028? Nobody trusts it won’t be removed, hence the Linda Cook position at Harbour, the actual number of deals and farm outs has dropped post the introduction of the tax and we are essentially on a long (or fast) path to oblivion. I’m Not all that hopefull they can address that in the budget, but we need the HC so let’s see. Deltic is also an interesting play on the EPL if you think it will come good and facilitate investment.Next week Rodney.

https://www.equinor.com/news/20230303-equinor-acquires-suncor-energy-uk?utm_source=linkedin&utm_medium=social&utm_campaign=press-release&utm_content=equinor-acquire-suncor-energy

The directors don’t have to do anything if circumstances have changed, this is AIM, the closest a public market gets to vegas. Let’s hope the jam comes tomorrow!

6 years surety, and one thing is for sure, this is not the chart of something about to farm out. TO maybe, but it’s rescue territory, my dreams of £9 long gone. Gla

Love the positive thinking surety, a take over at £3 a share would be a nice get out of jail free card with this decline. Fingers crossed.

Very lucky to get 200% for a sale. Looks like it’s rapidly heading to 70p, but if they pull it off, your in on the first floor (dick was in on the ground floor with trap) with the hottest property in the NS! Place your money take your chance.

No risk of news leaking out with these volumes.

I’m going for a Dave Grohl inspired KFC & Champagne! It’s that close!