Member Info for Roxi

Brent at year low, good job we have decent hedges, as the oil price lowers, USA oilers will start to cut back on drill baby drill

$40 oil is where Companies fail to meet any kind of profits drilling rigs will decline to near zero, which will eventually result in a large spike in the oil price over time, as the world demand for oil increases year on year.

We should know in 14 days

The deadline for Sidara to announce either its intention to make a firm offer or confirm that it does not intend to make an offer has been extended to 15 May 2025

Only for those that have stayed the course

Not a good picture currently, as oil drops to $62. could be time to batten down the hatches and curtail capex, until it recovers

Brent suffered another drop yesterday, now around $62. if that continues it will hinder JSE exciting 2025 debt free.

on the positive note AKATARA now equates to 20% of our revenue and is performing as expected a reduction in outgoing Capital will no doubt be reduced if current oil trend holds around $60-$65

opportunities to add under 20p will be here for a few weeks yet, imo

Interesting !!!, be a nice side earner if they can produce oil as a secondary income from the helium,

Yes results should be today or tomorrow. not expecting to hear anything we don't already know, we may here more in the presentation talks.

They seem to be behind the times regarding current SP

This saw a renewed takeover bid from Dubai-based Sidara, which is seeking to make a cash offer for the entire issued and to be issued share capital of Wood.

In 2024 negotiations, Sidara offered around 230p per share, valuing the company at around £1.6 billion.

Wood’s share price has since fallen considerable from around 200p per share to its current level of around 34.7p per share.

Maybe tomorrow, if they know something we dont? anyhow all this cash should help to keep the lights on till offer is submitted

The shorts will soon be entering panic mode, expect more anti WG statements over the next two days,

they will be desperate for existing shareholders to sell,, however the SIDARA offer of 35p is there and will be there when it goes into suspension. for a limited period of a few weeks, imo

The message is clear, Jadestone is a resilient strong business even with current low oil price, jadestone is reducing debt, financially stable, CWLH along with AKATARA are very strong, with excellent cash growth going forwards

simply put the current price is an excellent opportunity to buy.

maybe the cheapest oil and gas stock on the market, i cannot see any other company that is comparable.

60p-70p end of year target, imo

Got a reasonable holding a few K, got some cash waiting for it to drop lower, do you think it will be this week?, id like to double up my holding, if i can get some at 18p that would be great.

Amount of RNS, issued today, are we getting close to the BID being made public ?

seems the same shares being recycled over and over at the moment, i think buying under 20p can easily make a 5-7% profit in the day

Ticked Up further yesterday, with the premium prices JSE receive , they will be picking up sales of oil over $70 dollers right in the mix as well as a fair chunk being hedged around the same level.

Same here, added another 10,762. can't keep going down, will eventually go back up, ridiculous valuation the LSE are putting on some of these oil stocks lately, about time JSE seriously thought about re-list in Australia, near where it operates,

Still helps the average SP come down if it stays here hopefully i can get it well under 24p , news next month from JSE may see a turn around and with Brent making a bit of a re-bound to $67 means JSE are still making plenty of cash

DOW futures markets are up

NOT SELLING, looks like they must think there is more to come,

Its pretty clear that SIDARA will take over WG at 35p, they can see the massive contract earnings on WG books, the Skill base of its workforce, WG are on the cusp of generating huge profits from 2026 onwards, SIDARA can see the huge opportunity that lies ahead.

The review has been completed almost a month ago now and WG auditors and accounts department have been working hard to get the accounts completed, hence the previous statement by WG weeks ago

The Company does not currently expect any material impact from the Review on the Group's ability to generate cash in the future.

Exactly why WG will be taken over by SIDARA at 35p or more

Given the timing of the Review and prior year adjustments, and the extensive work needed to conclude the audit, it is now expected that the Company will not publish its FY24 accounts by 30 April 2025.

Not expected but not impossible, even if it does suspend,? I would imagine it will be for a relatively short period 3-4 weeks, imo

Since then we have been told that SIDARA are prepared to put in a considerable cash injection and both parties have discussed an offer of around 35p being an acceptable offer.

acceptable to the BOD in any case, however is it acceptable to the large shareholders?

next week will be interesting, will we see the offer tabled?, another white knight? they will have had an extended period to think over the opportunity!!!!

But may have to wait 6-9 months for that to happen. Still waiting for Evraz and PPP to reopen after more than a year.

The most stupid comment ive seen on here, !!!!!

you do realize that EVRAZ are sanctioned by the war going off in Ukraine, and it will take 6 months to complete accounts 6 weeks maybe, so full of scaremonger tactics it's unbelievable, best you stay away from the BB and enjoy the easter break

All locked and loaded, for the BID to arrive, a lot can happen over the next 5 days!!!!

Another 9463 shares lowest price ever paid, hopefully will fully recover at a huge premium 75% profit

good luck everyone, enjoy the break, back here next week.

Well they are the ones who put forward the 35p and cash injection ????? or have the BOD lied about that????