Member Info for rossannan

Fred_Bloggs

Me too, as that is my target price, but watch that you are not labelled a troll and/or a deramper for calling the share price 33% higher than it is currently! I am not sure on what planet calling a share price 33% higher is trolling/deramping, but good luck trying to persuade the uber bulls that you are not in the pay of the MMs!

Or even a big dollop!

Sundayroast

Absolutely, you can’t beat a bid dollop of retail conviction!

pickedpeck

It was perfectly reasonable to highlight the slight move upwards by the oil price by referring to WTI just as it would have been perfectly reasonable to highlight it by referring to Brent. As I said, average Brent in 2018 was $71 per barrel. In 2018 AMER’s average realised oil price was $64.80 per barrel and the 2018 average for WTI was $64.90. I just thought that Juxtapose’s response was a little patronising, but with hindsight I should have let it pass.

pickedpeck

I am not sure what the problem is - the reason that I referred to WTI when noting the recent slight improvement in the oil price was because AMER’s realised prices are generally closer to WTI than Brent.

Juxtapose

For example, average Brent in 2018 was $71 per barrel. In 2018 AMER’s average realised oil price was $64.8 per barrel. And as it happens the 2018 average for WTI was $64.90.

Do you see what I’m getting at?

Juxtapose

Have a look at the AMER’s average realised oil price over any given period and see which it is closer to - the applicable WTI average or the applicable Brent average. The answer may surprise you!

Goodbody

Well it should because that pushes monetisation into 2020.

For the avoidance of doubt, WTI being over $55 is not the significant and sustained oil price rally that could change the parameters of what is possible here, though every little helps.

Goodbody

But this is a gas well.

Seems very clear that we can expect the usual gross/net pay info. Not long now. We will see whether or not retail gets properly interested in the story at that point (or even in anticipation of it).

BBN

As I have said before, 2 things could change my 24p (or equivalent break up valuation) target - a significant and sustained oil price rally and, if the process lasts that long (it might well), an upside surprise from Indico-2. I accept that currency fluctuations could also play a part. In all this I am assuming that now the cat is out of the bag there is no going back, but if the BoD think otherwise that could be a painful scenario for shareholders in the short term.

Roth1

Okay, put it this way - give me one example of an AIM oiler that went for more than twice the share price it was at when it went “in-play” and within a reasonable timeframe (e.g. without the process stopping and starting again months later).

bigsmoke

Of course we are, and the market’s guess should not be ignored, not least because it sensibly excludes the poke that the pig is in!

pickedpeck

Sounds like wishful thinking - do you really believe that the market could have got it that wrong over the last few weeks?

PTLP

Maybe you have to be a member of a particular Facebook group?

PTLP

Link now seems to be broken - what was the gist of what you saw?

BBN

That seems strangely selective. Why not also consider the result for shareholders while you’re there?

BBN

Just looking at the first couple though:

Netscientific seems to have gone from nearly 30p to sub-10p over the relevant period
MySale seems to have gone from nearly 7p to around 3p over the relevant period

Can you find one that was a winner?

Margaret365

Yes, but it works both ways. It is not about suppressing the share price over time.