The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Agree starting to do my nut in here, where is the TR-1 for all this selling , it has been for quite a period of time, I can only think Monecor offloading from shares they were buying between 0.006 - 0.010, They are the only ones that can be making money offloading at this price, they still have a chunk at 0.015 or perhaps again with what they were buying at a lower range they have averaged a position they can still make a small profit offloading here, either way if there percentage share has changed that is reportable they should be doing that, and to me that is what is frustrating they seem to suit themselves instead of being compliant to AIM conditions.
GLA like everything once this seller is gone, it should deservedly re-rate given progress made to date and Production improvements and price of oil and gas, crazy we are still being kept this LOW!!
Great news, time for folks to wake up to this, how the heck we have been down here for so long with no TR-1 's etc.
Any how SP reacting to this great news and deservedly so, still have Quarterly figures to come, should power the SP on.
GLA
From last rns….
“
Results
The unaudited results for the six months to 31 December 2021 reflect the ongoing recovery from the drop in oil prices in 2019/2020. Revenue increased by $363,652 to $745,790 (2020: $383,138) mainly due to the increased working interests following the acquisition of Nadsoilco LLC and additional interest in Falcon. Gross Profit increased to $188,487 (2020: $56,828).
The average sale prices achieved during the period was US$71.07 per barrel for oil, and US$3.74 per MMBtu for gas (in each case after transport and processing costs and prior to royalties).”
Gas at over $6 now just suggesting this figure can be improved as the price of gas rises and the bod take advantage of that to improve the numbers above.
Ford do you have any thoughts on how things can be improved in terms of share price?
Gla
Gas prices Storming ahead again today, bod need to negotiate better future rates on current prices for Gas, but very encouraging, hopefully not too long for the quarterly production update, and for the share price to reflect fair value on the back of the Production updates, planning for future drills discussed also in interview with JB, decision on that soon too.
GLA
It would be great if Biden through necessity gives breaks to new oil and gas production at home against the gretas of this world. We have still some great prospects to go at in the USA ,
Galaxie told greater potential than falcon in terms of gas , cinnabar with a jv partner could be a good goer , Stanley-1 had originally huge gas production but no infrastructure to exploit that’s now there , we have also increased production with winters-2 and Stanley-5 , Oz permit extended and potential drill on ep145, epa155 will progress when Georgina sort themselves out seems to take a lot longer than hoped but hopefully not too long left for progress, all this with 540,000k In Cash and cash reserves at end of year with the increased production in the last 3 months should firm up short term cash position . why important well obviously to progress another drill without needing a cash raise , bod moving forward we need to back them now to get the sp motoring and this is the best position we have been in for years , bod listening and addressing shareholders concerns , as I said next production update should be good , share price is just getting back to where the MMS dropped it quickly over no volume at all, however in the last three months we have went from 0.006- 0.007 p. To 0.011-0.013p so almost double , I can see us easily soon doubling up again , and that is probably just to get us to fair value with what we are currently doing,
Where we go from there is all dependent on continual progress in USA and Oz progress in the next year or two could we be in the pennies , I personally don’t see why not , my opinion.
Gla
The last line in the accounts cash and cash equivalents is sitting 950,000 aud, circa £540,000 or
Circa 710,000 usd, with as previously mentioned more production assets coming on line in the last 3 months , their priority was to increase the short term cash position , they should be achieving that and. this should be a lot stronger now, looking forWard to the next production updates soon. Any increase in sp is merited today and some , keep it up bod and keep the announcements coming.
Gla
Vbeckers we know from prior tr-1 monecor were buying even when this was down to 0.006 - 0.007 so they are making good profit from those buys at 0.012p just annoys me they seem to post Tr-1 when it suits them, still think we should be double the sp we are currently at, need good numbers next week and volume to get us there , but it is about time to get there if all good, imho
Gla
Biden going to send USA gas to Europe price is up past 5.3 now , don’t get why we are still stuck so low but did see a few big sells go through , really should get a Tr-1 from Monecor, but they seem to suit themselves when to declare one!
Gla
Oil at $110 , gas at over 5.1 , this time last year we were valued more with oil prices 1/3 of today and gas prices 1/2 of today with substantive progress in Oz to boot, hope the quarterly figures gives this the required boost it deserves , we should be at least double if not more on what we are producing and achieving, time is now , MMS need to hit with a fair bat but we know that does not happen in Aim , need another 500 million trade volume day to double up . if figures are good the MMS need to keep it there instead of their shenanigans!
Gla
Good spot something to be announced soon on the Cinnabar project, technical work completed and we were looking for a jv partner to come in as a drill partner for that, also encouraging with gas infrastructure in play they can use that to help with optimising existing wells as well as going for previously identified gas targets currently untouched, lots more to come here with mention of continued progress in Oz also, baffled as to why the MMS are taking this down on every opportunity they get but always allows others to take advantage I guess,
Gla
Ps Georgina energy ipo next week fingers crossed and quarterly production figures to look forward too soon also
There you go like magic Stanley-4 news , good start to add to Production figures, and good improvement in Winters-2 also,
Looking forward to the Quarterly update at the end of the month!!
GLA
NT to buy and sell, lots of news to come esp Stanley-4.
GLA
Understand confusions I tried to figure it years ago and gave up , easier to work out how much gas we produce and that price , same with the oil and it’s price, however we are given the figures mixed as 164 boepd but we don’t know the breakdown in terms of the gas/oil make up of that figure.
I just wait for the financial statements for facts.
You can speculate and play around with figures and do guess work .
E.g Stanley-5 told 50 bopd we have 36.5 percent of that 18.25 bopd gross x (300 not 365 just in case of any downtime) = 5475 wti price say $120 = $657000 gross
Take 1/3 for costs (216,000)= $441,000 net
For just Stanley-5 (could be more or less),
Until we get production numbers and financial stmts guesswork is all we have but fun anyway!
Gla
We don't Need nips or massiverRay, The share will stand for itself, WE have increased Production end of, As Da-Gee mentions more Production is still unknown but we should get that figure near the end of this month in the next Quarterly update.
GLA
In line with expectations originally 110-120 muted getting 105 gross , 24 net to Mosman adds to 164 boepd quoted in RNS . We have Stanley-4 numbers to come hopefully get us over the 200 boepd gross soon, every little help remember!
This new pipeline gives us more options now for re completions , original drill of Stanley-1 hit loads of gas we know at what level that is perhaps what we could recomplete to there or get there with a Stanley -6 ,traders will do their thing but we continue to add to the fundamentals by increasing production that what will count as the journey continues.
Gla
After 3 big blue days and 2 consolidation days we now seem to be on the move again ahead of the release of Production numbers for Gas, should hopefully have a smooth run up to 0.2 , imho, dyor.
GLA
Monecor and other investors myself included could quite clearly see how undervalued we were as we were taken down to at one point 0.06-0.07 Range recently (mainly imho as a result of a distressed Seller Afzal!), some LTH and traders were buying at these levels( myself included to average down), and some will have done quite well by selling into the rise in the last few days, which is normal trading.
We 'are' guessing Monecor are selling the shares they bought below 0.15p in the last couple of days, I doubt very much they will be selling any of the original residual 0.15p shares they took on as part of Placement last year (not warrants!), AS part of that placement they were provisioned with Warrants for 0.25p. If you look back at the history and behavior of Monecor Selling patterns, they seemed to offload a chunk as it approached the 0.2p figure at a planned amount each month so as not to upset the share price too much, and take it down, why would they when they want it higher to offload their 0.15p shares. Hopefully whatever they bought under 0.15p in the last few months are now gone, that should in theory give us a fairly easy ride up to the 0.2's and we can see what Monecor do from then, this is all speculation until we see TR-1 RNS's from Monecor, in the past people were presuming Monecor were selling when they were actually BUYING!.
The real point here is Mosman is now making substantive progress and the share price is now reflecting it, good days still to come here and Gas numbers this week to follow.
GLA
Excellent news we have been struggling to get over this hurdle for the last couple of years down to covid,
Allowing progress in EP145 so better define the resources .
We still have the gas numbers to be confirmed for winters-2 and Stanley-4 should be a good strong week for the share price , will hopefully get us back to the 0.2 range before too long.
Gla
BORING Karter, the high prices were there before the WAR, the bod have done well by getting the pipeline built speedily,
and more production in Gas due to quickly come on line with Winters-2 and Stanley-4, recompletions for Stanley-1 and Stanley-2 may include Gas now as an option, Thought as a long time holder you would be pleases and glad to see the share price go up but yet again you show your true colours, enough said nothing would or will make you happy!!
GLA
1/2 billion shares traded , outstanding defo on the radar now .
Gla