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I’m tempted to buy, but will wait and see how it ends today. Issues look to be sorted and with hedges in place, looks strong to ride out current low oil prices
Brent up from $25 to $35 (40%)Pharos up from low of 10p to 11.75p (17.5%)yet TLW up from low of 7p to 15p (214%) and PMO from 10p to 21p. Pharos looks in a better position than either TLW or PMO. Should be at least double current SP IMHO.
Brent up 11%, will RRE be up similar amount today ? Can hope
So Petrel is worth £16m based on assests and production of nil, LEK is worth £12m. Confusing
Spread is an absolute joke
Petrel resources is worth £35m based on current SP, LEK worth £16M. I hear it often said that the market knows best, but I’m not convinced!
IG, keeping a fair bit of cash on hold to add if it skips back. Couldn’t buy as much as I wanted.
Managed to buy on open at 18p, expect this to run & run over the week. Game changing discovery
Could a positive result from Carapa 1 be driving this north ? Not long to find out
Thanks. Does seem very oversold. I expect a takeover before end of January.
Anyone know what the proven reserves are worth ? Is it more than current debt & market value ?
25p open, 37p close.
Should read weaken prey
A predator normally strikes when the pray is at its weakest. Record low close coming up. If RRE on anyone is going to strike, it is going to be soon. There’s some money to made here by a predator. Time will tell. I3e have said they enough money for 2020 G&A. Let the games continue.
With £10m newly listed LBE could buy 50% of I3e at 23p a share and gain near term production and exploration assets. Just over thinking about the valuation here. Good morning all.
The price here is at record low. Serenity valued at nothing by the market. Laughably, Petrel Resources is now worth 2x i3E, which has a nothing to it’s name yet. I3e have a license, an oil discovery and operate in a safe jurisdiction. I have to confess, invested far more than I planned into I3e, so hoping a sensible RNS with a sensible way forward will propel I3e back to a sensible valuation. If not, then painful lesson learnt. I believe in the value here, which will out, sooner or later, hopefully sooner.
I3E is now valued at £18m, PET is valued at £25m (was £37m at one stage today). This market isn’t making much sense. I3E have confirmed oil strike in Serenity.
I would be pleasantly surprised if there’s not another placing. Art would breaking his placing addiction ....
Very heavily invested already, otherwise I would buy more and may do if one of dog investments moves up 50% and out of loss. Bought LEK back in the summer , so healthy profit but I see so much more here, a rise taking it 10p plus on the right news.
Nearly 30% spread. Jokers