Member Info for steve58

My buy at .0066

When drilling commenced last year they did issue an RNS during the day so anything possible today.

Of course as cash flow increases they could follow the same path as UJO and start buying back their own shares and cancelling them therefore enhancing the share price.

Approx £20k income a year from every barrel so 900 flow rate is about £18 million a year income.

Say a third profit £6 million p/e average about 8 so mc of about £50 million or about .3p a share a 500% increase on current share price.

Of course the higher the profit the larger the share price.

If this goes up much more the company will be forced to issue an rns as to the reason the sp is rising.

You missed out 1200.

If that is the case if no problems then news soon.

Nothing on telegram group at the moment.

Good to see share price at least moving in the right direction.

All this dilution is not doing the sp any good.

How long before we reach the 10 billion shares in issue.

Hopefully share price will see some upward movement today.

Hope we see north of 1p today.

250 barrels a day with no extra cost would be fine for a few months. £6 million a year income.

Even with the recent dilutions imo on a good flow rate should get back to at least its high of .28p.

About 45 million mc.

Same here.

The worst case scenario is if it drops during the webinar.

Harry would probably drop one as well.

Should clear the room quickly.

I would estimate 1.5p minimum.

We must not forget that if all goes to plan the cash will be coming in and they may copy the ujo strategy and start buying back and cancelling their own shares.

Petty cash to ujo.

If required maybe another company will farm in for a chunky share.

The best way forward.

Sold out many months ago.

Lost a lot here.

I think your caption is being very kind to the board.

Should have included many other words which I am not allowed to mention on here.

Good luck in your future investments.

Definitely the worst one I ever made.

Shame the financial regulator never looked into the dealings that have taken place oner the years.

Once initial production income figures are released it will be interesting to see what our mc is then. Two years to wait.