Member Info for Rookie1

What P/E ratio would you guys apply to this on a 100k pa early production basis? creating revenue of around $7-10M would have to warrant an sp of 1p?

Just passing through as an old holder from back in the days of the barite mine in Ireland. Haven’t checked in in a long time but at a glance looks fairly positive here for a small investment.

Samspade I really appreciated that link posted, and will be doing some further research.
Any bullet points of major factors from LTH’s to help me speed up research would be greatly appreciated.

Nice to see a CEO with plenty of skin in the game alongside shareholders so that’s s major tick for starters.

Just the week oil price I think soberman,I thought we were going to crack $60 but it didn’t make it, so retraced back to $58

Knocking back on the door of $60.

https://seekingalpha.com/article/4321978-natural-gas-capital-retreat-to-send-prices-50-higher

https://seekingalpha.com/article/4321978-natural-gas-capital-retreat-to-send-prices-50-higher

Hopefully that’s oil seen the bottom and should head back to $60 short term, maybe not press on to mid $60’s until this ‘devastating flu’ clears up.

Makes you wonder though, did the virus just happen to become such big news as the Chinese economy is starting to show signs of easing up? Very convenient timing that allowed a ban on shorts and restrict sells to nothing larger than 10M yuan and shore up the market, something to blame growth figures on possibly?
Or just more none sense made up in my head? Probably.

I think AA does care, 27% equity so he’s never been shy of returning cash to shareholders. Not saying AA has contacted cav but I beleive he would shore up the price if it was possible, I actually wondered if the 1.2B bid was just a show of fire power and boast the sp to new highs at the time. As ever I’m probably on cloud cuckoo.

I’m confused now? Has cavendish created some head room in their pf to allow re adding some here or is this RNS wrong? Strange

I Still believe all these macro events are creating the perfect storm for us, oil is due a major price correction imo with traders choosing to completely ignore things like loss of production in Libya, venuazeala,and Iran on a huge scale,not to mention shale about to go pop,yet things like corona virus (overhyped flu) has knocked off $14 off the oil price with minimal real effect on global demand, yet presenting us with another great T/O opportunity.

£25 by Friday soberman, stop flapping.

Won’t be selling a share before £35 minimum lex, last time I was in America visiting family I enjoyed watching our relist after the marathon deal,even though it was 3am alarms to catch the open it was a lot of fun to watch. Would love to be doing the same again this time.
Wishing everyone good health and wealth again this year.

Feel incredible thankyou soberman, just booked up to see family in Tennessee and then onto Mauritius for a couple of weeks. Have a good weekend whatever you decide to do, try not to get to worked up over the sp movements it will come good “old boy”.

I see soberman is back with the constant bombardment of absolutely pointless posts. Very emotionally attached to this share recently soberman, is all ok?

I’d even drop to £39.50 I’m Not greedy

Again by the looks of it,big one on the way?

I wouldn’t really have a problem with that, Didn’t really like parkmeads deal but the diversification is good.
Some big buys still rolling in today, I think we can expect a flurry of these type of deals like today and then a monster!

Agreed,no big movements in sp but still very welcomed news.

It’s absolutely insane, over a virus which is no worse than the flu! $12 wiped off the oil price.

Shales probably already done but you know how the US are, they would rather prop it up with debt and maintain a cheap oil price,trump cant afford $80 oil and a recession before elections.
Funny thing is the bond situation with shale reminds me of the 2008 mortgage bonds, debt on debt on debt.

Anyway Looks like the big boys have been loading up all day today which is nice to see.

Pmo just paid $625m for a 23kboepd package and not a huge amount of reserves which is only expected to produce until mid 2020’s ,That’s a decent sized price tag imo and not exactly a ‘bargain’.
If that doesn’t show value in serica at $500m I’m not sure what will.
Saying that,I’m no expert in oil and gas or investing ,so I am genuinely interested in everyone’s opinions, I just think it’s great value and don’t get what I’m missing.