Member Info for SpArmada

Can you stop posting links to your tw account? I doubt you'll get anymore followers, in any case, you can be reported and banned from here

Share price at £1.5? That's less than my calculations for FC per share in 2023, and have been conservative with 80$ brent and 200p/th for the gas. If I ever see HBR at that level, I'll indebt myself as much as possible to buy this company

I don't understand the behaviour of the share price with gas prices in Italy and electricity prices in Spain tanking

NL: https://www.nlog.nl/datacenter/prodfigures/fields
UK (filter by fields: LAGGAN, TORMORE, EDRADOUR, GLENLIVET): https://opendata-nstauthority.hub.arcgis.com/datasets/NSTAUTHORITY::-nsta-field-production-pprs-wgs84/explore

Agree, it seems a very good profile for the next stage of the company. Usually, CFOs are involved in M&A, I hope to see some traction on that front, companies like EDR, UJO or EOG are small, unefficient standalone companies. As iGas has one of the highest productions in the country among independent onshore E&P companies (after Perenco for sure), it could be a good player to consolidate the industry and make it more efficient

Daniel Bernoulli has sailed to Belgium, would it have completed its duties or just going for a resupply? Time (or a RNS) will tell

The big Qs are how it is going to pay the SPA to OMV and how much ZEN received for the control stake of the NL company.

LOL they got a good deal but decided to sell the control to another company at the same time ...

Might be, but I would have expected an announcement regarding any of the open fronts.

Sorry, I didn't realise that the Brent price is in USD when doing the calculations. Considering the USD-GBP exchange rate in H2 2022, Mcap is less than x1 times the adjusted net income FY 2022. This is extremely cheap!

IC?

I run some numbers using October's production and Mcap would be less than x1.5 times the adjusted net income (without impairments and reversals). October's oil production was the highest in the year with 1,732 boepd, and I hope November and December to be even higher to reach the confirmed guidance of 1.900-1.950 (oil+gas). Let's see when the issue with the management structure is solved, so the share price starts to show the true value.

October data in NL and November data in UK show that the production is lowering quite fast. I hope the ongoing works in Q10-A solve its issues and the production rebounds, but I'm not that confident on GLA. They should have announced any plans for 2023 by now, but nothing has been communicated. The lack of information from the company is very annoying, we are completely clueless about what's happening. I hope we have soon a sandwich RNS with good news that compensate the incoming bad news.

If everything goes well and the guidance is confirmed, 13p is a conservative expectation, which will mean a Mcap of £200m, considering the multiples of other O&G companies listed in London.

Likewise, SailorNL. I expect this year to be less troubled and more profitable for IOG.

The company began the year with 465,081,237 ordinary shares and it is going to end 2022 with 448,368,190, 16.7 million shares less, and reducing even more

Still nothing from Yemen, Benin or Congo?

From my little knowledge, I understand that if two fields have been shut-in for a period of time, the pressure built-up can be different. As Blythe is larger, elgood has to wait until the pressure drop in Blythe allows its gas to follow into the pipeline. Then downhole pressure at elgood will drop faster, hence, the need to cycle production from Elgood to sustain prodution. So I'm in line with your comment. I hope to see some production from Elgood in the next RNS, with higher condensate and less water than 100% production from Blythe, but I might be wrong.

Where does he mention CH, the chairman or the BoD as weakness when he is referring to the team directly responsible for the operations? "by electing a new drilling manager or COO with long and proven experience in the US."
I think the issue it's in your inability to accept your investment is not perfect.

Molatov, have you read it? He says he has no position at this moment, why would he want to push the share price up? I think he made some points, and this may reach investors that don't know the company. He asked for constructive criticism and you wrote that ... lol