Absolutely shocked with the reaction to the SP. A farm in with shell, one of the best companies you could possibly do a farm in with. Drilling as soon as possible. This is a crazy valuation.
I understand but unfortunately, to make money on aim it's based on excitment and what if. There has been huge dilution but there is still excitement. Look at MXO huge excitement and it three bagged. Feel the same will happen here one the seller stops for a while
It is not a shock that it has fallen and is consolidating. I waited for the flow rates so sitting at a lose. This is a very exciting company to be in it look forward to we'll 38 being drilled and successful hopefully producing 2000 which will give the company 24 mil in FCF same as the MCAP. Exciting times. Topping up with another 5g tomorrow.
With all Pauls interview he bases his calculations of €60 (oil price) in the most recent RNS of one million fcf a month in this based on $60 as with oil price of €74 can make a even more significant return of FCF
If the neighbours next door are successful then it really is game on for us. Surely results of the drill from Schlumberger will be known soon. This could easily be 100 million mcap in the near term.
So undervalued. 1 million free cash flow a month. Can increase to 1.5 million probably more. New well to be spudded similar to this one. Millions of gas still still to be extracted. The potential here is unbelievable
Agreed. Surprised it has not run to 17p today. What a great journey we are going to have with this one. Wish I got in a while ago but wanted to wait on the sidelines until flow rates
The assets is great there is no doubt that good quality grades are there. In my opinion Larry has not done anything for me to trust him yet. This still may change. He came on the interviews on how exciting everything was he was in talks with a second and third customer and all the other rubbish he goes on about. Then it all changed again. I still hope this comes good but a lot of investors like myself are still cautious. If he can deliver financing for Orange river and off take agreement then you will see a massive re-rate. At a 5 to 6 mil mcap its a great risk reward.