Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Prem still owns good assets. It still needs money; lots of it. Mr. Roach is still pulling the strings. I'm struggling to see where a change in fortunes is going to come from without a significant change in strategy. That said, I am inclined to think an enhanced SP will happen at some point in the future, but the company is still essentially at square one, with all the baggage of the last few years weighing it down. There's a long way to go, even now.
Not solely, of course not. It's just one (crude) way of examining the potential value of a company which can be used to make a judgement about your investment. It is a lot more work than many people put into their considerations and doesn't, I might add, involve making facile insults about others.
The value of the resource will be released over many years, not instantaneously or all within the first 12 months just because the data fits that timeframe. I still can't see in your numbers where you are taking account the lifetime value of the operation. You're trying to arrive at a total valuation for the company based on a one-year calculation.
No. More like half that rate.
$50 profit per barrel x 0.31 (UKOG share) x 1200 bopd x 360 days per year x 30 year lifetime production
Agreed that most of those workings are based on successful outcomes from at least two out of three zones, but I'm yet to see any evidence that tells me otherwise.
Lots of talk recently about whether UKOG's market cap is already too high. Personally, I don't think it's anyway near high enough and all anyone has to do is some straightforward, pessimistic, multiplication to get to the same result. Even taking into account a lower-than-expected bopd production rate from HH and consideration for reduced share of the resource, I still make it a £200-300m company, minimum.
If any hypothetical acquisition of the other partners DOES come about, that figure only goes up.
Just my calculations but I'm solid on this now.
From a charting / technicals point of view there's not much to suggest it's going to move a great deal either way for a little while. Further news or updates and all bets are off, naturally.
I didn't really get much from Mr. Earley's latest post other than a) he's a passionate Christian (nothing wrong with that - not my bag personally and I think it's difficult to reconcile with higher-level business activity, but ... whatever) and b) HMRC and the FCA don't know how to act in a moral, considerate or even competent way; which is definitely not new news to me. I'm sure his book is going to be dynamite but I won't be reading it. Unhappy, stressed and anxious.
With respect, Ollieh, sitting back and not watching an AIM stock you are invested in for 150 days, and expecting a positive outcome with no hiccups, errors or unforseen problems is a surefire way to wreck your investment. In the modern stock market watching closely and being ready to act is absolutely essential to protect your capital.
It's being very heavily traded on both sides and I can see why - because of the volume of transactions it's behaving relatively predictably for an AIM stock; within daily tolerances, that is to say. Anyway, some mischief is afoot here but can't tell as yet where it's coming from so just going to sit on mine for now. Once the company status changeover takes place and Kimmeridge tests start I anticipate we'll see some more interesting movement.
Rockhopper. Never seen anything like it before or since. Transparently criminal.
@JB1982 There are plenty of people who bought in upwards of 5, 6, even 7p per share, all of which was based on expectations and hypothetical flow rates. Those people are still hurting. 1p - 2.3p is neither here nor there to them.
Let's just take a minute to consider what has been achieved here by the company and the team of workers at HH this year.
So they've taken a well which has been sealed and held 'in stasis' for 2 years, cleaned it up, re-installed the equipment and surrounding tools and storage, then carefully got oil flowing better than previous tests (while not yet being fully optimised) and are now exporting the product and able to have it taken away for use.
I'd say that's a really nice period of work right there. Let's see how the rest of the project goes - I for one am VERY optimistic now.
Figures so far sound like an unqualified success, in my opinion.
Something to do with David Winduss being on the BOD, I think. Just one of the many loose threads that those who are In The Know did lots of nose-tapping and winking about, without explaining to the rest of us what the connection to the actual company we invested in was. Seemed to feed to the trolls, from what I could gather from the discussions.
I don't buy into businesses to have to do all of the sleuthing myself or chase fireflies around hoping for a nugget of information - I would have liked some official communication from the original company I owned shares in. But none forthcoming so if a PB78, Picto, Hepran or similar would care to explain to connection I would be most grateful ...
That's a couple of hand-wringing "Ooooo, hope everything's all right, BUT IS IT???" comments you've made on those lines today already, nhawan. What's your game, son? Seem like another 'concern troll' to me and are therefore filtered. Would advise others to do the same.
I'm still wondering about the mythical share buy-back that everyone was convinced would DEFINITELY HAPPEN to counter the massive, unfettered dilution which has taken place here over the last two years. How's that coming along?
Since the SP is nowhere near 3p I am now seasoning my viewing platform and preparing to consume. Good that the company is conducting all necessary steps to increase chance of success. Another week it is.
Crunch crunch...
I agree - it's nice to be in a situation for once where shareholders can see first-hand the work the company is doing and its rate of progress. Confused by the (relative) stagnation in SP; suppose people are waiting for Portland data to be published and/or confirmation of product leaving site, ie. tankers, before buying in bigger.
Seriously, who comes on an investment forum to knock a national football team? That's genuinely tragic.