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One of the better communication strategies in junior miners. MR does a lot of these.
Bres Twitter account states that it will be out shortly and nearly complete
I agree that a significant rerating awaiting the share (as per the proactive article). those who have a bit of patience should be scooping these up - the way the European battery market is going to go with the gigafactories etc is not to be ignored
Harel, you have to calculate the Egyptian governments take (a pic instead of taxes etc). That is 42% so probably more like $8m but that still shows an exceptional well results given that the market cap is only £14m !
It's not just the big target we haven't even had the last well result yet !! The target was big so presumably the test result will be good. How long does it take? 10 days?
Ashish Gupta who is on the DOID board and one of the largest shareholders used to be on the board of Agincourt so it appears that Darryn McClelland and has worked for him too
See page 97! Manini was also on that board at the same time.
https://www.agincourtresources.com/wp-content/uploads/2020/02/Agincourt-Resources-Annual-Report-2018.pdf
All this should reflect even better in the financials
Very positive, it is good to see that echoed here as well. I think it was safe to assume that this one was highly likely to come in given the positive result with the first ASD well. Objective achieved (assuming good flow rates again) - get more barrels of production on.
Yes they were bidding for 850k earlier but that went when some dummy gave them some stock, when there is no stock on offer and they are bidding hard is the worst time to be selling. Should gradually gain a bit more traction.
Stock has dried up, there is 50k available at 4.399 then it will move. 100k for 4.4p after that
Every Egyptian well has come in no reason to think this has not. UOG have ambitions bigger than being taken out and surely they will have agreements with partners that they can't be taken out cheaply. Clearly an overhang has also been removed here.
Have high hopes for Jamaica, will surely come into play and we will be looking more towards double figures should that be the case
Oil price has doubled, UKOG was up 50% yesterday and that is not a patch on UOG
Production actually went up, it spiked up a lot but the Ash well overproduced and then came off so it looked worse, they still had an extended period to produce high number of barrels and reinvest for these 'big swings of the bat' and still leave a profitable business
@C I would also say that worth speaking to the company directly if you have questions or frustrations. I think better to now look at the numbers and the leverage to the oil price. The BOD as you say have to prove us wrong, there is not a lot they can do about the market but they can look to increase production which is exactly what they are trying to do right now. Prove it at the drill bit increase production and move on to the next etc. And even on the downside at least that 1650 boepd guidance will be being sold at circa $100 per barrel rather than at $68 as per last year. Even discounted to $100/barrel that is something like $25million per year in revenue
Yes I explicitly asked whether the two were linked and was told that in no uncertain terms that the ITE review would complete the DOID DD.
Andrew, why are to posting that same message on ADVFN and on Twitter, I think it has been pointed out that it is incorrect on both those other forums. Whilst you have an opinion it seems a bit suspicious. I have spoken to the company who confirm that the initial ITE work will conclude the DOID DD. Pls stop messing around scaremongering to get yourself a better price!!!
was told that they are most of the way through the compliance and that they will have the ITE in the case shortly.
Mike, that guy got lucky, you know he is a troll who trades this.
fbrj, yes that makes sense. it is very positive to me and securing a tier 1 bank to do the debt side sounds very promising. Debt syndicate of multiple banks lead by the tier 1 to raise $152m (or similar in debt?). Don't much like the title of this thread https://twitter.com/AsiametTweets/status/1498986397310623749?s=20&t=mNZnI0vFcA-nL4VFtHm6vA