Member Info for Rookie1

Stupidly I bought back in i3e st 24p thinking I was clever for accumulating a lot more shares from 34p sell(still taking a heavy hit in the first place)
There’s a crumb of comfort in it for me as I am sure even if the whole thing ends up being a disaster and the two next drills don’t find anything, AA will be snapping up i3e for a song. If liberator only has 8M 2p and we can buy it for £20M that’s a nice little addition to reserves.
Any thoughts?

I’m having a bad day today.

Cash in relation to the mcap which is £

Used a £ instead of a $ buddy. Not splitting hairs with you given my maths this morning just pointing out to soberman £225 cash in relation to the which is in £

sp is crazy. Should be over £20

Yep, sorry soberman. I genuinely thought everyone would buy it and the sp would fly!!

Sorry soberman no ramping intended. Just still asleep

Couldn’t tell you, I had just woken up hahah

£20 sp

Even At £2 share price the divi is a 10% return on investment in itself, this will attract some heavy money now.

Look at those delayed trades, can’t work out if it’s a buy or a sell really given the time but either the the sp absorbed it and it’s another sell flushed out if it was.

Hoping that describes me in the morning at 7:am rns. Never been called it yet but here’s hoping.

“Tipped to take the shares to £5”So that means....? That’s holds as much weight as your sarcastic ukog tip.

Also in your own words, your making the classic mistake of benchmarking JOGS farm out potential with cairns energy’s.
I’m not sure if you do actually use comparisons or just when it suits?
Anyway I’ll stick with my target price and take my profit if/when it arrives you can hang around and wait for yours eh.

My profits will be put in Jadestone energy because I am already far to overweight in rockrose from being in at £5.50. ATB in whatever you decide

Probably be more like 50 k by then Ey soberman ;-)

1. “If verbier result was as expected it would trade between £5-£8”

What even is that? Where have you just plucked that figure from?

2. Personally I think your value of $15 pb for oil in the ground is far to generous especially in these questionable times in o&g , for a full carried sum I would say $10 pb is maximum.

As for prospective, I wouldn’t add any value to that and neither would any buyer.

$2 per barrel, yes that’s about the mark, that is based on the current situation,( no partner and no funding) and around 70mmbo, I realise this reserves figure would mean equinor were on board but doesn’t mean they will contribute much further to capex.
Obviously if a farm in deal announces a free carry then its then worth $10 pb but at the expense of reduced reserves which I agree with you,around 22mmbo imo would be about right.
Which brings me back to 10x 22 $220 around £200

I’m in at £1.80 so at nearly 400% profit i won’t be waiting around for your idea of fair “value” as they are too optimistic for me.
I’m sure many of you are in cheaper than myself so that is your prerogative to sell when you feel is fair value.

Yes mate, I did look closer after a posted it and they probably are buys actually.

Why would anyone sell now?

Couldn’t be be worth 600m *

Imo the best case for us to retain around 20-30% and have a free carry to first oil, and that to me is a great deal.
There’s still a lot of capex required so on this basis I personally don’t think jog could be worth anywhere near 600M mcap. I’m heavily invested in Rockrose who produce 22k per day and will do ebitda of over £ 200M with £250M in cash and their mcap is 240M. Other comparisons are Jadestone energy and Serica so also without meaning to sound rude, there is not a cat in hells chance this is worth an mcap of £600M ., £200M would be the absolute best possible price tag achievable here Imo but massive upside from these levels still. So yes if equinor offered £150 £7 per share I would snap their hand off and think anyone who wouldn’t is mad?
All in my opinion tho, I’m not expert by any means.

1900p close? Positive results 2000p, dividend news 2100-2400p?

Something’s brewing