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Today's RNS outlines that the P90 value for the asset pre production by a competent person last year was £24M. This is the most conservative value that can be attributed, with the P50 (Includes more variables and assumptions coming in at £34M)

These values of course are from 2021, without consideration to the heightened gas prices, construction of the asset into production or the required permits in place. Permits are now there and construction has been funded too, and we are seeing sustained higher gas prices, as well as a shift in the UK governments strategy to producing gas onshore.

I personally think these values are extremely low, albeit without discounting Angus's other assets and just focusing on market capitalisation, the very minimum (extreme low) P90 valuation would suggest a share price of 1.84p and the P50 coming in at 2.61p

Once producing I cannot foresee the asset value would be less than the P50, so therefore there is a minimum of 100% near term upside in this share. Price target for me is in the region of 7p - 10p.

Quite an obvious opportunity when you take a step back and ignore all of the noise. Hope this helps put things into perspective.

Its great when novice investors capitulate, all doom and gloom, best opportunity to buy shares.

Buy when others are fearful. There is a plan at play here... plenty of oil and profits to be had.

I know this guy called Henry he is afraid to buy because he bought the top on 88E.

Looks like a filled off book buy, got the stock by bringing down the price

Noggers - What do you mean they don't have to shut down - they are unable to operate, the rail system is closed.

KRG are paying the bills less often, so this is looking riskier by the day.

Suffolk - Would you like me to do your washing and ironing as well?

Spud next week :-)

Don't understand why the LSE always has to take it way over. Closed at 2.54 in AUS, instantly jumps down to 2.42!? Nonsense.

Looks likely to delist though so you’ll get £0. FTSE Russell making a decision in next couple of days.

Lol blackrock are adding not selling… think you need to research them they don’t care about ethics, they were likely loaded again yesterday as makes sense why it was so hard to buy !

I read it opens Wednesday

The Company paid US $632 million in dividends in 2021.

Working that through the £1660Mcap as per todays valuation paid £471M in dividends.

That’s what yielding 35% pa.

Very very attractive numbers.

Given that EVR gapped up on results last week, I suspect lots will be positioning themselves tomorrow for an exciting Wednesday. Results will impress at this valuation, quite an obvious trade. RNS from 24th confirms no impact to business as per sanctions.

Monty the Moron.

Apparently 88 had to wait for the BLM NEPA EA register to be updated before things were finalised, which was completed with a time stamp of 08/02/22 11:00.

It’s also been pointed out that it took 4 days to announce the permit to the market last year (2 days were weekend) so I expect the formalities are now being prepared to announce to the market.

It’s my understanding that news needs to land on ASX first so I’m expecting to see that happen tonight 22:00.

Closed out on ASX at 2.7 equivalent with good volume so see little downside and we continue the trend north towards the drill and beyond.

Comfortable hold from here.

Just had a look to me, definitely can see the APD is showing as approved on the BLM website now. Expect the RNS will come out but of course its the middle of the night in Australia.

Permit is not awarded, hence no news, it is in "APD" status which means application for permit to drill.

Have a read on the BLM website.

Fully funded to pay their salaries until they fundraise.

When you say fully funded, for what, beers with the lads?

Issue for me is, that the coffers are empty, and we are shortly going to be coming out of winter, and they've got debts to repay. It is a fantastic business, but probably better coming back in September or later in the year.