Mkt cap £ 69 mil at 15p surly this is a buy even if no FID for another year, cant see RKH going bust anytime soon, either pay out from sale Egypt assets or if that goes tits, revenue from production, say 10 mill in bank just a guess, no debt, no obligations, a proven oil field with 12 or so appraised wells, cracking flow rates, a farm out to be carried once FID, I know PMO has cash issues but is going in the right direction, possibly cash from litigation in Italy, I would of thought PMO would buy ( all share offer ) just to stop the carry and pass on to another company to farm in, I just dont see this low value for the company, andI haven't mentioned the possible other scenarios, or am I missing something, all opinions welcome apart from the serial derampers who must have ulterior motives, you know who you are. Rot
Today, has finally drawn a line under Bowleven for me, even though I sold the lot just before the new management had taken over at a life changing loss after having held since 2010, In my opinion it was all down to Kevin Hart and not keeping the market updated regarding Sapele (got the Tiger by the tail and all that) and the sands(not gas injection able) and having wrote to him personally, and his reply of all is well, I hope I don't ever bump into him. I really do feel for the current holders, as this has been a compete disaster, the only thing I hope for is that Hart still holds all his shares. Rot
The bit I liked, was when the good Dr said that Lancaster was still being filled even today, ? from Clair ridge? if not may be from another conventionel oil field. :-)
She is big, just passing the Captain platform in the Moray Firth.
Bordersman, I am completely out now matey, had enough and as you say there will be many twists and turns still t come with this company now, and its no for me, I originally invested in a company who was a exploration company with great expectations and CEO who was a spin master, and yes I was completely sucked in Sapele and the as he said we have the Tiger by the tale and great results, its just a shame we had a lying over exaggerating CEO called Hart who just happened not to mention the sand where not right for gas re injection then carried on drilling knowing this and it had to be that type of reservoir for it to be viable, and just to top it we don't even have the rights for the Sapele field anymore. So thanks for your friendly advice, bit I am out and will not be back, just wanted Hart to have some type of apology to all the investors who he sucked in and backed him all the way through this nightmare investment, I hope there is such a thing as Karma. well at least he has now had a taste of it. Rot
If and when Hart resigns, I hope he is man enough to sincerely apologise to all LTH who have lost there shirts on his lies and misleading statements he has continuously spewed out over the last 8 years disgraceful and almost criminal.