Member Info for Spudton

Should be good news as a shareholder, as you will own a larger slice of the earnings.
The only reason you'd not want the company to do this would be for them to spend more capital. But their capital and growth plan seem solid to me.

clearly someone will, because they're selling at 3.1 !

https://inwestycje.pl/gielda/akcjonariusze-serinus-energy-zdecyduja-13-v-o-buy-backu-do-10-akcji/

couple of questions
....doesn;t this just prove they're making too much money to be soaked up by the capital program?
....isn;t this worthy of an RNS?
appreciate your views.
I've topped up at 3.1. this is getting stupid.

Got It, thanks. Well I was in, now I'm all in.

Could you point me to the. % recoverable references please?

Don't need crazy ramping on twitter. 10p is credible. Anything significantly more than that is baseless at the moment. The oil in the ground has very low extraction rate, in their own words.

Yes, what you are missing is how much of the oil is recoverable

Yes, what you are missing is how much of the oil is recoverable

Regarding the 1.2% recovered...he said in his presentation that this was very low recovery ie not easy to recover. If they can upgrade their proven reserves once the pumps are proven to increase recovery, that could be another catalyst. Would like them to explicitly state how much is recoverable.

More support on twitter than normal today..plenty of opportunity for retweets to spread the word.
Not ramping, just stating fundamentals.
Keep it credible!

We'll hear nothing but heresay and conjecture until it is frozen (or fails).
If you'd like a flavour of that, jump on the FPP telegram.
Hilarious.

Questions re- valuation.
The 5p per share for the reserves...
...are those just reserves in Romania gas field, or does that include Tunisia oil field.
...is that proven reserves, or does it include a probability of extraction?
....if it's proven...what rights does senx have to the oil fields in Tunisia, and gas in Romania, how big could this be?
.....how are the reserves priced? Assume it's not retail price. So there's potentially 3, 4, 5, 10 x upside when in production?

where does 14p come from?

30 pct depletion per year, which means another well or a 20m gas plant which he said would return 100m. So, very simply , could we conservatively say they need 10m per year capital investment to sustain the 30m per year?
That would still make it a 100m company.

No surprises in the RNS. Nothing to wake the market up. I Expect a dip today. Top up for next year's growth.

Personally I would say fundamentals support 6p ATM and I'll take out my initial investment at that point. It all sounds promising but you need to grow to keep alive and building a 20m gas plant is no little undertaking. Significant oil in Tunisia is still a big IF.

15p values the company at what?
this would need year in year out earning of what to support that SP?
which would mean a capital project each year of how much to generate those earnings each year, to compensate for the current wells' depletion?
answers to those questions will give the 15p target some credibility.

There has to be something we're missing. Why wouldn't a shareholder sell in Poland and by in London?

Always risk. Gas may run out more quickly than expected. Next $20m project could run over / not deliver. But seems relatively low risk for o&g I agree.

trading view shows virtually no trading on NASDAQ. does this confirm the rumour than LBPS is not set up on broker sites?