The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
23/09/2023 System Entry Calorific Value, Saltfleetby, D+1 41.2700 ***ABOVE AVERAGE***
23/09/2023 System Entry Energy, Saltfleetby, D+1 1,608,889.0000
23/09/2023 System Entry Volume, Saltfleetby, D+1 0.1406 *** 4.9652 MMSCF/D ***
***OUTPUT CONSISTENT WITH PRODUCTION FROM TWO OF THE THREE PRODUCING WELLS***
Daily Output (Therms) = 54,898
Month To Date (Therms) = 1,928,542
Daily Output (Mmscf/d) = 4.9652
Month To Date (Mmscf/d) = 174.4050
Average Per Day (Therms) From 06.07.2023= 90,131
Daily Hedge Requirement Therms = 50,000.00
F/C Monthly Therms = 1,928,542
Average Monthly Price Per Therm = £0.9011
F/C Hedge 1 = £563,250
F/C Market Revenue = £1,084,903
F/C Net Monthly Saltfleetby Gas Rev = £1,648,153
F/C Net Rev Less Disbursements = £1,623,431
Links To Source data Files =
https://tradingeconomics.com/commodity/uk-natural-gas
https://data.nationalgas.com/find-gas-data
https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5351152
https://gridwatch.co.uk/
Assumption That The Hedge Requirement Is A Daily Pro Rata*
Daily Output Of 50,000 Therms Per Day To Complete The Daily Hedge*
1) 3 Month Hedge Requirement Of 4,600,000 Therms / 92 Days: 01.07.2022 - 30.09.2023
2023 Q3 Therms & Revenue
Jul-23 2,957,493 £1,618,180
Aug-23 2,677,659 £1,584,157
Sep-23 2,703,937 £1,648,153 Forecast
Q3 2023 8,339,089 £4,850,490 Forecast
H2 2023 Therms & Revenue
Jul-23 2,957,493 £1,618,180
Aug-23 2,677,659 £1,584,157
Sep-23 2,703,937 £1,648,153 Forecast
Oct-23 2,794,069 £1,820,363 Forecast
Nov-23 2,703,937 £2,040,026 Forecast
Dec-23 2,794,069 £2,347,324 Forecast
H2 2023 16,631,164 £11,058,204 Forecast
12 Month Share Price Forecast: 9.05mmscf/d
PE Factor = 5.00
Ord Shares = 3,626,860,032
FC Avg Therms / Day = 90,131
Debt Outstanding KPI* = £4,978,693
12 Mth Rev-Debt = £19,675,841
F/Cast Share Price (p) = 2.11
Based Upon Current Market Data and Responsible Debt Repayment Plan
Share Price Forecast Tracker (p)
Feb-24 1.50
Mar-24 1.50
Apr-24 1.52
May-24 1.61
Jun-24 1.71
Jul-24 1.84
Aug-24 1.98
Sep-24 2.11
Regards,
22/09/2023 System Entry Calorific Value, Saltfleetby, D+1 41.2600 ***ABOVE AVERAGE***
22/09/2023 System Entry Energy, Saltfleetby, D+1 1,617,778.0000
22/09/2023 System Entry Volume, Saltfleetby, D+1 0.1413 *** 4.9900 mmscf/d***
***Strong reasons to believe ongoing maintenance work 55,201 Therms are consistent with the output of 2 of the 3 Wells***
Daily Output (Therms) = 55,201
Month To Date (Therms) = 1,873,645
Daily Output (Mmscf/d) = 4.9900
Month To Date (Mmscf/d) = 169.4398
Average Per Day (Therms) From 06.07.2023= 90,577
Daily Hedge Requirement Therms = 50,000.00
F/C Monthly Therms = 1,873,645
Average Monthly Price Per Therm = £0.8951
F/C Hedge 1 = £563,250
F/C Market Revenue = £1,089,674
F/C Net Monthly Saltfleetby Gas Rev = £1,652,924
F/C Net Rev Less Disbursements = £1,628,130
Links To Source data Files =
https://tradingeconomics.com/commodity/uk-natural-gas
https://data.nationalgas.com/find-gas-data
https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5351152
https://gridwatch.co.uk/
Assumption That The Hedge Requirement Is A Daily Pro Rata*
Daily Output Of 50,000 Therms Per Day To Complete The Daily Hedge*
1) 3 Month Hedge Requirement Of 4,600,000 Therms / 92 Days: 01.07.2022 - 30.09.2023
2023 Q3 Therms & Revenue
Jul-23 2,957,493 £1,618,180
Aug-23 2,677,659 £1,584,157
Sep-23 2,717,317 £1,652,924 Forecast
Q3 2023 8,352,469 £4,855,261 Forecast
H2 2023 Therms & Revenue
Jul-23 2,957,493 £1,618,180
Aug-23 2,677,659 £1,584,157
Sep-23 2,717,317 £1,652,924 Forecast
Oct-23 2,807,895 £1,832,460 Forecast
Nov-23 2,717,317 £2,054,764 Forecast
Dec-23 2,807,895 £2,365,159 Forecast
H2 2023 16,685,576 £11,107,644 Forecast
12 Month Share Price Forecast: 9.05mmscf/d
PE Factor = 5.00
Ord Shares = 3,626,860,032
FC Avg Therms / Day = 90,577
Debt Outstanding KPI* = £4,880,073
12 Mth Rev-Debt = £19,985,135
F/Cast Share Price (p) = 2.13
Based Upon Current Market Data and Responsible Debt Repayment Plan
Share Price Forecast Tracker (p)
Feb-24 1.50
Mar-24 1.50
Apr-24 1.54
May-24 1.63
Jun-24 1.72
Jul-24 1.85
Aug-24 2.00
Sep-24 2.13
Regards,
21/09/2023 System Entry Calorific Value, Saltfleetby, D+1 41.3100 ***ABOVE AVERAGE***
21/09/2023 System Entry Energy, Saltfleetby, D+1 1,513,333.0000
21/09/2023 System Entry Volume, Saltfleetby, D+1 0.1324 *** 4.6757 MMSCF/D ***
***Approximately 10 hours on site maintenance mitigating flow rate decrease***
Daily Output (Therms) = 51,637
Month To Date (Therms) = 1,818,444
Daily Output (Mmscf/d) = 4.6757
Month To Date (Mmscf/d) = 164.4498
Average Per Day (Therms) From 06.07.2023= 91,031
Daily Hedge Requirement Therms = 50,000.00
F/C Monthly Therms = 1,818,444
Average Monthly Price Per Therm = £0.8886
F/C Hedge 1 = £563,250
F/C Market Revenue = £1,093,815
F/C Net Monthly Saltfleetby Gas Rev = £1,657,065
F/C Net Rev Less Disbursements = £1,632,210
Links To Source data Files =
https://tradingeconomics.com/commodity/uk-natural-gas
https://data.nationalgas.com/find-gas-data
https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5351152
https://gridwatch.co.uk/
Assumption That The Hedge Requirement Is A Daily Pro Rata*
Daily Output Of 50,000 Therms Per Day To Complete The Daily Hedge*
1) 3 Month Hedge Requirement Of 4,600,000 Therms / 92 Days: 01.07.2022 - 30.09.2023
2023 Q3 Therms & Revenue
Jul-23 2,957,493 £1,618,180
Aug-23 2,677,659 £1,584,157
Sep-23 2,730,924 £1,657,065 Forecast
Q3 2023 8,366,075 £4,859,403 Forecast
H2 2023 Therms & Revenue
Jul-23 2,957,493 £1,618,180
Aug-23 2,677,659 £1,584,157
Sep-23 2,730,924 £1,657,065 Forecast
Oct-23 2,821,954 £1,844,761 Forecast
Nov-23 2,730,924 £2,069,752 Forecast
Dec-23 2,821,954 £2,383,297 Forecast
H2 2023 16,740,908 £11,157,212 Forecast
12 Month Share Price Forecast: 9.05mmscf/d
PE Factor = 5.00
Ord Shares = 3,626,860,032
FC Avg Therms / Day = 91,031
Debt Outstanding KPI* = £4,780,169
12 Mth Rev-Debt = £20,299,212
F/Cast Share Price (p) = 2.15
Based Upon Current Market Data and Responsible Debt Repayment Plan
Share Price Forecast Tracker (p)
Feb-24 1.50
Mar-24 1.50
Apr-24 1.55
May-24 1.64
Jun-24 1.74
Jul-24 1.87
Aug-24 2.02
Sep-24 2.15
Regards,
20/09/2023 System Entry Calorific Value, Saltfleetby, D+1 40.9300 ***BELOW AVERAGE***
20/09/2023 System Entry Energy, Saltfleetby, D+1 2,092,222.0000
20/09/2023 System Entry Volume, Saltfleetby, D+1 0.1828 *** 6.4555 mmscf/d***
Daily Output (Therms) = 71,390
Month To Date (Therms) = 1,766,807
Daily Output (Mmscf/d) = 6.4555
Month To Date (Mmscf/d) = 159.7742
Average Per Day (Therms) From 06.07.2023= 91,542
Daily Hedge Requirement Therms = 50,000.00
F/C Monthly Therms = 1,766,807
Average Monthly Price Per Therm = £0.8826
F/C Hedge 1 = £563,250
F/C Market Revenue = £1,100,013
F/C Net Monthly Saltfleetby Gas Rev = £1,663,263
F/C Net Rev Less Disbursements = £1,638,314
Links To Source data Files =
https://tradingeconomics.com/commodity/uk-natural-gas
https://data.nationalgas.com/find-gas-data
https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5351152
https://gridwatch.co.uk/
Assumption That The Hedge Requirement Is A Daily Pro Rata*
Daily Output Of 50,000 Therms Per Day To Complete The Daily Hedge*
1) 3 Month Hedge Requirement Of 4,600,000 Therms / 92 Days: 01.07.2022 - 30.09.2023
2023 Q3 Therms & Revenue
Jul-23 2,957,493 £1,618,180
Aug-23 2,677,659 £1,584,157
Sep-23 2,746,272 £1,663,263 Forecast
Q3 2023 8,381,424 £4,865,600 Forecast
H2 2023 Therms & Revenue
Jul-23 2,957,493 £1,618,180
Aug-23 2,677,659 £1,584,157
Sep-23 2,746,272 £1,663,263 Forecast
Oct-23 2,837,814 £1,858,636 Forecast
Nov-23 2,746,272 £2,086,658 Forecast
Dec-23 2,837,814 £2,403,756 Forecast
H2 2023 16,803,324 £11,214,650 Forecast
12 Month Share Price Forecast: 9.05mmscf/d
PE Factor = 5.00
Ord Shares = 3,626,860,032
FC Avg Therms / Day = 91,542
Debt Outstanding KPI* = £4,666,647
12 Mth Rev-Debt = £20,654,468
F/Cast Share Price (p) = 2.18
Based Upon Current Market Data and Responsible Debt Repayment Plan
Share Price Forecast Tracker (p)
Feb-24 1.50
Mar-24 1.50
Apr-24 1.56
May-24 1.66
Jun-24 1.76
Jul-24 1.89
Aug-24 2.04
Sep-24 2.18
Regards,
The optimal autumn & winter weather conditions are clear skies, a high pressure system with low wind, that increases the reliance on OIL & GAS fires Power Station's producing the energy demands for the Northern European nations,
The evening temperatures are starting to gradually fall and the reliance for heating becoming more prevalent,
The biggest white elephant in the room for the Oil & Gas sector is the windfall tax as that really is affecting the bottom line of many businesses within the sector!!!
Bubblepoint:
Regarding Point 3:
The workover and the output decline since the recent maintenance the decline in output has abated somewhat,
The output is now steadying around the 91,000 Therms per day ant at a current monthly average price of GB£0.88 per Therm there is a daily revenue of GB£55,000 per day,
Regarding the pipework it was my interpretation that the new pipework was going to make it easier to isolate the gas and condensate more efficiently and cost effectively,
Regarding a buyout without debt a price point of GB£0.025 would be optimal with the current debt circa GB£20million in my opinion it is 12 months revenue from Saltwater so would the Business accept GB£0.0175 for a sell out to a player with deeper pockets!!!
Alternatively we just wait the 12 months until the debt is reduced to a more manageable amount and in fairness at the current share price there is little incentive for Paul Forrest to sell off equity so a current bid in the range of GB£0.0150-GB£0.0175 is more likely to be accepted,
The other advantage is the current share price does offer an incentive to average down all be it in increments!!!!!!
I always stand by the concept that if my data points are different to those you have please advise and we then discuss and perhaps if necessary I have to re-evaluate my assumptions,
The share price wat at GB£0.0182 on 06.04.2023 and today it is currently GB£0.00675,
The costs of the project have weighed heavily as well as delays in delivering and that output is not at 10.00MMScf/day and that there was a huge Tranche of selling in April & May and that there was not the investor buy in that we all hoped for following delivery of the side track,
Just hand in there and wait for debt repayment to happen and the only real issue I currently have with board is the decision to by back part of the hedge settlement because it looks like the prices we have purchased early hedge settlement are not going to be delivered by current forecast market prices which mean an additional hit to the P&L,
That was a sub optimal decision undertaken by the Board and one which with hindsight and experience I would criticise and you all are clearly aware of my views regarding the Current Levels of Sterling and the detrimental effects that this is having on UK borrowing costs,
Regards,
19/09/2023 System Entry Calorific Value, Saltfleetby, D+1 41.2800 ***ABOVE AVERAGE***
19/09/2023 System Entry Energy, Saltfleetby, D+1 2,675,556.0000
19/09/2023 System Entry Volume, Saltfleetby, D+1 0.2336 *** 8.2495 MMSCF/D ***
Daily Output (Therms) = 91,294
Month To Date (Therms) = 1,695,417
Daily Output (Mmscf/d) = 8.2495
Month To Date (Mmscf/d) = 153.3186
Average Per Day (Therms) From 06.07.2023= 91,808
Daily Hedge Requirement Therms = 50,000.00
F/C Monthly Therms = 1,695,417
Average Monthly Price Per Therm = £0.8797
F/C Hedge 1 = £563,250
F/C Market Revenue = £1,103,331
F/C Net Monthly Saltfleetby Gas Rev = £1,666,581
F/C Net Rev Less Disbursements = £1,641,582
Links To Source data Files =
https://tradingeconomics.com/commodity/uk-natural-gas
https://data.nationalgas.com/find-gas-data
https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5351152
https://gridwatch.co.uk/
Assumption That The Hedge Requirement Is A Daily Pro Rata*
Daily Output Of 50,000 Therms Per Day To Complete The Daily Hedge*
1) 3 Month Hedge Requirement Of 4,600,000 Therms / 92 Days: 01.07.2022 - 30.09.2023
2023 Q3 Therms & Revenue
Jul-23 2,957,493 £1,618,180
Aug-23 2,677,659 £1,584,157
Sep-23 2,754,227 £1,666,581 Forecast
Q3 2023 8,389,379 £4,868,918 Forecast
H2 2023 Therms & Revenue
Jul-23 2,957,493 £1,618,180
Aug-23 2,677,659 £1,584,157
Sep-23 2,754,227 £1,666,581 Forecast
Oct-23 2,846,034 £1,865,828 Forecast
Nov-23 2,754,227 £2,095,420 Forecast
Dec-23 2,846,034 £2,414,360 Forecast
H2 2023 16,835,674 £11,244,526 Forecast
12 Month Share Price Forecast: 9.05mmscf/d
PE Factor = 5.00
Ord Shares = 3,626,860,032
FC Avg Therms / Day = 91,808
Debt Outstanding KPI* = £4,607,751
12 Mth Rev-Debt = £20,838,667
F/Cast Share Price (p) = 2.19
Based Upon Current Market Data and Responsible Debt Repayment Plan
Share Price Forecast Tracker (p)
Feb-24 1.50
Mar-24 1.50
Apr-24 1.57
May-24 1.67
Jun-24 1.77
Jul-24 1.90
Aug-24 2.05
Sep-24 2.19
Regards,
What has happened since:
Price of Gas both current and future predictions:
Delivered Output forecast then and actual:
Debt & Borrowing and Interest Rates payable upon the Debt:
Also just out of interest what date were those forecasts from and as a comparison what was the share price at the time I ran the forecasts,
I also state in my data model: Based Upon Current Market Data and Responsible Debt Repayment Plan,
So far the business has not been forthcoming with a acceptable debt repayment plan,
I an still significantly invested within the Business and also keep up-to-date with with internal and external business developments and still believe the Business has a viable future however the forthcoming 12 months shall see no dividend payments to shareholders in my opinion and a strong emphasis on debt repayment and the business could also trim down some of its heavyweight payroll burdens in the boardroom and at senior managerial level,
Regards,
Then add up the respective buys,
Regarding Egypt's economy regarding the past couple of months the Egyptian Pound has gained by almost 5% v GB£,
The Egyptian Economy may well have put its past woes behind,
13.07.2023 EGY£40.5200 and Today 19.09.2023 EGY£38.2540 this equates to a 5.59% favourable swing in Egypt's favour,
Though there is merit in the counter argument that the positive movement in the favour of The Egyptian Pound is not all attributed to Mo Salah's salary but in the weakening and certain lack of confidence in the GB£,
Regards,
The 12 month output data should give a good indication to the coming 12 months Revenue Contributions from Saltfleetby and the proportion of debt plus interest it is able to contribute to payment / reduction of,
Adjectives are qualitative and subject to interpretation what we do know for fact is that from 01.10.2023 Saltfleetby has contributed as follows:
Therms of Energy have produced 25.088Million,
Revenue Contributed GB£16.946Million,
Yes it has incurred costs and debt and leverage has been required to fund those costs however it is producing in line with expectations there may be need for a makeover of the 3rd producing well at some stage however we are all anticipating a tight 12 months until there has been significant debt reduction and an uplift in share price,
The next 12 months allows plenty of time for new investors to come on board and for existing shareholders to average down,
Then as the Energy model shifts towards Carbon Capture Storage in the used Lincolnshire Gas Fields Angus Energy are well poised for a potential Buy out!!!!,
Remember the AIM market is volatile so buy the dips with the same grace as one takes the profits!!!!!!!!!!
Regards,
Nothing more than a Tree Shake to get some liquidity before positive news is released regarding the offload of the Maria Licence & God willing aligned success in Jamaica regarding a prosperous Joint Venture,
Regards,
18/09/2023 System Entry Calorific Value, Saltfleetby, D+1 41.2800 ***ABOVE AVERAGE***
18/09/2023 System Entry Energy, Saltfleetby, D+1 2,651,111.0000
18/09/2023 System Entry Volume, Saltfleetby, D+1 0.2314 *** 8.1718 MMSCF/D ***
Daily Output (Therms) = 90,460
Month To Date (Therms) = 1,604,124
Daily Output (Mmscf/d) = 8.1718
Month To Date (Mmscf/d) = 145.0691
Average Per Day (Therms) From 06.07.2023= 91,814
Daily Hedge Requirement Therms = 50,000.00
F/C Monthly Therms = 1,604,124
Average Monthly Price Per Therm = £0.8766
F/C Hedge 1 = £563,250
F/C Market Revenue = £1,099,602
F/C Net Monthly Saltfleetby Gas Rev = £1,662,852
F/C Net Rev Less Disbursements = £1,637,910
Links To Source data Files =
https://tradingeconomics.com/commodity/uk-natural-gas
https://data.nationalgas.com/find-gas-data
https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5351152
https://gridwatch.co.uk/
Assumption That The Hedge Requirement Is A Daily Pro Rata*
Daily Output Of 50,000 Therms Per Day To Complete The Daily Hedge*
1) 3 Month Hedge Requirement Of 4,600,000 Therms / 92 Days: 01.07.2022 - 30.09.2023
2023 Q3 Therms & Revenue
Jul-23 2,957,493 £1,618,180
Aug-23 2,677,659 £1,584,157
Sep-23 2,754,432 £1,662,852 Forecast
Q3 2023 8,389,584 £4,865,190 Forecast
H2 2023 Therms & Revenue
Jul-23 2,957,493 £1,618,180
Aug-23 2,677,659 £1,584,157
Sep-23 2,754,432 £1,662,852 Forecast
Oct-23 2,846,247 £1,866,014 Forecast
Nov-23 2,754,432 £2,095,647 Forecast
Dec-23 2,846,247 £2,414,634 Forecast
H2 2023 16,836,510 £11,241,484 Forecast
12 Month Share Price Forecast: 9.05mmscf/d
PE Factor = 5.00
Ord Shares = 3,626,860,032
FC Avg Therms / Day = 91,814
Debt Outstanding KPI* = £4,608,299
12 Mth Rev-Debt = £20,840,997
F/Cast Share Price (p) = 2.19
Based Upon Current Market Data and Responsible Debt Repayment Plan
Share Price Forecast Tracker (p)
Feb-24 1.50
Mar-24 1.50
Apr-24 1.57
May-24 1.67
Jun-24 1.77
Jul-24 1.90
Aug-24 2.05
Sep-24 2.19
Regards,
GreyPanther:
https://www.gov.uk/guidance/gas-meter-readings-and-bill-calculation
Calculation of gas bill
Information found on the gas bill itself will generally explain how the bill has been calculated. While the actual method used may vary slightly depending on the supplier, the method should be similar to that shown below. All conversion factors are prescribed in the Gas (Calculation of Thermal Energy) Regulations 1996 (SI 1996/439).
Step 1
Subtract your previous reading from your current reading to give the number of units used over the billing period.
Step 2
The conversion factor from cubic feet to cubic metres is 0.0283 therefore:
1 cubic foot = 0.0283 cubic metres
100 cubic feet = 2.83 cubic metres
For imperial meters the reading (in hundreds of cubic feet) is therefore multiplied by 2.83 to convert to cubic metres (if the reading to the supplier was provided in cubic feet then this should be multiplied by 0.0283). This step is not required for metric meters as they are read directly in cubic metres.
Step 3
This figure is then multiplied by the calorific value of the gas which is a measure of the available heat energy. Calorific values vary and the figure quoted on your bill (eg 39.5 megajoules per cubic metre (MJ/m³)) will be an average of the gas supplied to your property (the regulations explain how this is calculated). Gas transporters are required to maintain this figure within 38 MJ/m³ to 41 MJ/m³ as figures outside of this range will cause problems with gas burning appliances.
Step 4
The figure is then multiplied by 1.02264 as prescribed in the above regulations. This corrects the volume of gas to account for temperature and pressure (as gas expands and contracts).
Step 5
Finally the figure is converted to kWh by dividing by 3.6. Again, this factor is prescribed in the above regulations.
The Calorific Content of the Gas is of a High Quality,
The Calorific Value is at an average of 41.24 since 01.10.2022 and what flows through the Grid to the domestic consumer is at a Calorific Value of 39.9 (units of energy per meter cubed),
Regards,
17/09/2023 System Entry Calorific Value, Saltfleetby, D+1 41.2700 ***ABOVE AVERAGE***
17/09/2023 System Entry Energy, Saltfleetby, D+1 2,681,111.0000
17/09/2023 System Entry Volume, Saltfleetby, D+1 0.2340 *** 8.2636 MMSCF/D ***
Daily Output (Therms) = 91,483
Month To Date (Therms) = 1,513,664
Average Per Day (Therms) From 06.07.2023= 91,833
Daily Hedge Requirement Therms = 50,000.00
F/C Monthly Therms = 1,513,664
Average Monthly Price Per Therm = £0.8760
F/C Hedge 1 = £563,250
F/C Market Revenue = £1,099,322
F/C Net Monthly Saltfleetby Gas Rev = £1,662,572
F/C Net Rev Less Disbursements = £1,637,633
Links To Source data Files =
https://tradingeconomics.com/commodity/uk-natural-gas
https://data.nationalgas.com/find-gas-data
https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5351152
https://gridwatch.co.uk/
Assumption That The Hedge Requirement Is A Daily Pro Rata*
Daily Output Of 50,000 Therms Per Day To Complete The Daily Hedge*
1) 3 Month Hedge Requirement Of 4,600,000 Therms / 92 Days: 01.07.2022 - 30.09.2023
2023 Q3 Therms & Revenue
Jul-23 2,957,493 £1,618,180
Aug-23 2,677,659 £1,546,763
Sep-23 2,754,982 £1,662,572 Forecast
Q3 2023 8,390,133 £4,827,515 Forecast
H2 2023 Therms & Revenue
Jul-23 2,957,493 £1,618,180
Aug-23 2,677,659 £1,546,763
Sep-23 2,754,982 £1,662,572 Forecast
Oct-23 2,846,814 £1,866,511 Forecast
Nov-23 2,754,982 £2,096,252 Forecast
Dec-23 2,846,814 £2,415,366 Forecast
H2 2023 16,838,744 £11,205,643 Forecast
12 Month Share Price Forecast: 9.05mmscf/d
PE Factor = 5.00
Ord Shares = 3,621,860,032
FC Avg Therms / Day = 91,833
Debt Outstanding KPI* = £4,544,578
12 Mth Rev-Debt = £20,923,679
F/Cast Share Price (p) = 2.19
Based Upon Current Market Data and Responsible Debt Repayment Plan
Share Price Forecast Tracker (p)
Feb-24 1.50
Mar-24 1.50
Apr-24 1.58
May-24 1.68
Jun-24 1.78
Jul-24 1.92
Aug-24 2.06
Sep-24 2.19
Regards,