Member Info for Stiffybristol

GUN potentially have more than 1911 so if similar drill results, £100M MK cap is the equivilant of about 6.8p per share (A 35 bagger from here).

It is a shame GUN sold their original 1991 stake, that alone would be worth 0.46pence alone.

GUN and 1911 are good friends so expect some synergy.

GUN have the land next door. So he might want a bite of that. If he did more likely would be a 500,000,000 placing at 0.25 to raise £1.25M funds

I bought at 0.06 but unfortunately sold at 0.12 after a short time!

Viura generates the money for the future drilling. All have already agreed that if production is lost for X months that will reflect in the 2026 drilling schedule. So everything is covered in Northern Spain. Italy is the same but has no problems. El Rom is now 100% owned so with that comes double the costs for drilling. This could be a farm out or just play a wait game or could be a fundraise but this should be after Viura resumption. Nobody woud mind a placing at 10p, but at these silly levels NO. The RNS had more positives than negatives but everyone is a bit tetchy at the moment and 'unknown' is the word the market hates.

1911 up 37% today. Gunsynd are investors. Gunsynd have the land next door! If the results are the same worth £100,000,000 to Gunsynd thats the equivilant of 6.7p per share

Bought three lots of 200,000 today on the dip.

Remember by 2027/2028 Projected 25M profit with the new wells permitted/drilled/producing. All drilling is funded from current production. The company unfortunately can't get this point over. Curr Mk cap about 17M so in 2-3 years its on a P/E of less than 1. !!!!!!

Then you have Poland. ????

And you have Tessorillo. Which if....sends Prospex into triple figures.

So plenty of UPSIDE, very cheap at sub 16p current price is silly. Viura back in production will set this very North, its just getting the day right.

Eric is well worth following. He has a great C.V.

Some big players are in on 1911 GOLD.

If any of the mining operations really hit some strong outcrops of the expensive minerals (and they are all there) then you could see a billion pound company. Of course there will be dilutions on the way to fund the mining and probably farm outs to reduce the risk. Gunsynd should be in everyones portfolio as a £1000 investment and keep selling half on a double. Must have very limited downside from todays price.

Great Post.

More buying than selling after the RNS which I saw more positive than negative.

The negative is one gas field has a delay (the gas is still there).

Just waiting on permit news.

Topped up a few. Worth 50p at fair value with all 11 wells drilled. If Tessorillo happened then nearer £2. Viura, Ell Rom and Selva with whats producing is worth 25p so yes at under 5p you should make money from here!

I am still adding at these prices. Bad news about Viura but its only temporary. Re-instatement of production will probably be late September. Good money coming in with Selva and great prospects. The delays are actually a GODSEND, if they the drilling started too soon then there might be a need for a cash call. I have no problem with a cash call at 12 p (25% discount to low broker valuation) would not want to see one at these prices. Its a 60M mk cap company easy, with the upsides of El Rom, Selva, Poland and Tessorillo. SO A SPECTACULAR BUY AT under 5p

In fairness, Prospex are not the operators so out of their hands. They are shareholders in Viura like we are in Prospex. And if you have ever dealt with government red tape its soul destroying, the deciscion maker will be ill/ at the dentist/ on holiday/ on paternity leave/ on a course before he loses the paperwork or sends to the wrong mail box because he got confused!

As a positive he discussed the company being sold/bought out "but obviously not at 5p. At 50p it would be a different matter and said that perhaps there is a figure somewhere between 5p-50p that the board might feel they can recommend". If the company can make 25M per year then 50p is fair value. If Tessorillo got permitted thats worth £2 a share now Prospex has 100%. A snip at todays price and most shareholders are very irritated. It is going to take a big swing round to gain the confidence of shareholders to retain these and not dump them at 6p-7p- 8p 9p. Prospex needs investors, only 2 entities have more than 5%. The free float is huge. The main money that will be made will be Prospex being bought out. That will be hard convincing shareholders currently underwater when the price rises and every penny that it rises from now will be a milestone to get out because of the poor story told by the board. We only get to blame Mark Routh but it is a team. I have no problem with a placing at 12p when the broker note says the company is worth 16p-60p dependent on permits and TTF. I have a problem with a placing at 4.5p though. As has happened all placings pretty much drag the share price back to the place price. There is a disconnect between what is right for the shareholder and disregard for those that have backed the company. Hopefully Prospex will agree to an independent joining the board that can write on a monthly basis about the levels of production/TTF prices/receiveables from each assett and together with progreess reports about permitting, development that can be explained to all without fracturing the market abuse rules. If you got a document each month with actuals and prospectives you would more likely be a longer term investor rather than a trader. Prospex is still a great company and the board have a lot of great skills, they just need to add someone who can paint a true narrative.

4.5s are buys not sells.

Yes I bought 2 lots today about 75,000 shares, in the 4.88 region. I think threat of war some people think I will get back into £££. Soon as it bellies 5p it triggers stop losses. I like being in Oil & Gas and with the TTF at 40 that broker note changes once again and the forward plot is now 33% north of 40p, so getting near 55p with permits. Tessorillo is the game changer, with 100% ownership now (minus the royalty) it might never get a permit, but actions like now and Europe will need it. All the infrastructure is very close and it is probably worth well in excess of £2 per prospex share on its own, though it will undoubtly be farmed out if permitted. AGM on wednesday, Viura news, Poland news may get speeded up too.

Https://prospex.energy/wp-content/uploads/2025/06/PXEN-Research-Note-Hannam-Partners-06.06.2025.pdf

New Broker Note:

The basic upshot is:

Worth 16p with nothing much happening

Worth 40p with the permits and TTF at 30p

Worth 50p with TTF at 35p

If Tessorillo gets a permit then that alone is worth £800,000,000. Prospex (now holds 100% less 5% royalty ) £2 per share at 30TTF

Poland in at zero.

£25M profit by 2027. curr Mk cap £20M

Possible uses of money: Dividends? A 2p per share dividend would cost the company £10M. Share buy backs to reduce the number of ordinary shares. Buy into further farm outs, buy other companies. A 2 p dividend at 6.5% yield would see share price of 32p.

Probable real value of prospex is 20p (2025) 30p (2026) 40p (2027).

Safe though. For a 21M Mk Cap -They are accumulating cash at circa £750k per month, so money being stored for when permits land. Now own 100% of Tarba do twice the El Rom money, twice as good when permits land. If Tessorillo got the tick its worth about £1.50 per share. Poland could be good news too. Cash rich, no need for a placing and probably ripe for a cheeky 12p bid to get a stake. Not sure a bidder would get all at 25p currently

100% right Bristol Bald Eagle