Member Info for SpArmada

For god's sake, can you stop opening meaningless threads? How many have you opened just today?!!

The company's EV is now below the H1 revenue, and less than 4 times the EV/CFO from H1. I expect the FY22 to end with a EV/CFO below 2 times at this price. Thanks to JP, I think it can be bought at ~15p.

My guess is next week RNS with production figures and following week RNS with A2 onstream, a 2x1 RNS would not be as benefitial as 2 separate RNSs. However, maybe Rupert comments on the production numbers during his interview with Malcy.

Soon in Core Finance TV Youtube channel: https://twitter.com/mgrahamwood/status/1600401933994377218?t=qbKzu2POiUbBLzAyAV4-qw&s=19

Hi Sailor! What would be the purpose of an Anchor Handling Vessel (Horizon Arctic) close to Southwark? Moving or securing the NHD?

You numbers are wrong, £450k per day could be for a ultra deepwater gen 7 drillship. However, the Paul B. Lloyd is a much simpler semisub. If you go to the vessel status report of transocean, you will find the actual day rate:

"Paul B Loyd Jr – Customer exercised two 100-day options in the U.K. at $175,000 per day."

Flex, plugged, yes, abandoned, no.

*is more inelastic

I have an eye on power generation, as I think some people may reduce a lot the use of their gas heating, however electricity consumption is not inelastic. I do believe the 60p can be next year with A1 and A2 producing at decent levels (cumulatively at ~60-65mmscfd gross) and some surge of the gas price.

Here you are: https://www.iog.co.uk/media/1448/iog_corppres_dec22_vf.pdf

No mention to a new hedge for December (for obvious reasons), some more details on short term plans. I'm curious they mention more explicitly the interest on potential deals, including a reference to compression, which I understand would be needed to increase the capacity of the Thames pipeline:
• Compression: concept engineering accelerated
• Potential for synergistic acquisitions in operating area

The BO18 has left Ebsjerg and is sailing back to Southwark.

This is the news that should make investors happy and not speculations from Congo, Benin or Yemen. Positive developments, one wonders why they didn't made them earlier like Prospex did in its Spanish assets.

*a fair point

tornado, if you want to take the hedging losses into consideration, you should project cashflows, as it is a non-cash loss, you shouldn't use it in the EV, IMO. But it is a fair though, I guess it is reasonable to use a lower multiple for the EV/FCF the company deserves compared to ITH.

I may not be fully awake yet, what do you mean with that GroundHog?

The buy-back program has begun with 5% of the total $30m in its first week. Let's see if they also acquire some shares in the LSE.

Do you actually think Malcy makes any fair calculation? He is a blogger, not an analyst any more

As BO18 is constantly sailing to Esbjerg for supplies (I think), I would expect it announced before the 21th/23rd, 3 weeks from today

You have the data corresponding to September available in the NSTA portal. Wressle keeps to produce above 700boed.

Fiona MacAulay has to be left behind is the company is to open a new chapter.