Member Info for ToxicBull

Sirmark

Thanks, just on reserves and infrastructure this is massively undervalued..

A gift for newbie investors like myself.

Shows how undervalued it is.

News imminent Cas4 well. In the past they have reached td within 3.5 to 4 weeks with other similar wells.

They have 2P reserves of 70mmboe. I think judging by history news due this week or first thing monday.imho

Thanks,

Not much for them to see, when was Cas 4 spudded? How long is it suppose to take to TD? Is this gas well oil?

Rns show nothing of spudding.

Thanks

You can thank that fool ned. :rolleyes. By the end of year they wont be able to pay aleph it will be over for sdx.

Legache

This is setting a base now, gone past the 200MA, past 9ema, 50ma, 100ma.

Charts very bullish now. On the trading update it will do 20%, all this is bonus, close to 40p by end of month. Imho

Its all out in the public, 2025 will be quiet in regards to spending, will fill up the balance sheet with 20kboepd plus. Probably drill in Montara and vietnam next month.

Edit:less this year.

Interview a few months old when Blakeley was still in charge, it seems they will spend less this month reap the rewards of past sacrifices.

https://youtu.be/eH65x3WNI9o?si=o6avbj5DsR8weP4J

They wont be able to hold it back for long...

Roxi i thought recoverable cost were $130m plus $120m back costs?

I think the trading update will definately be a catalyst for sp to move much higher.

Jse are massively undervalued. All their assets are paid for and now is the time for reward. 24kboepd..

Fun time begins..

When akatara reached production to contractual levels in dec 2024 the mkt didnt react as it should. They invested over $130m to get that online and total recoverable cost are $250m. This will be recovered first.

Jadestone spent $130m to get Akatara producing at 6000boepd plus. Total recoverable cost is $250m, for next 2-3years jse will be getting 90% of revenue getting their massive cost back. Akatara is a cashcow.

After the next trading update jse will rally. 140m mkt cap is riduculous.

This week will be interesting.

Legache

Flowing barrels is another metric you can use, lets say the debt is same as sept 2024, £75m. EV is £215m for jse..

Then we use production of 24kboepd.

Its £9000/flowing barrel, companies are trading almost 3 times this per barrel. Again jse should be trading 3x current SP.

Also reserves, if you value 1 barrel at $8 per this equates to over £400m. Again 3X mkt cap.

Jse is very cheap, have good weekend..

What about reserves? Look at ptal who are doing way better than jse. Deservedly so, imho jse will recover this year.

Predicting monday rns. Tick up!

Legache

Look at EBITDA levels, i think 24kboepd guidance for 2025.

Trading at 2.5X 2025 ebitda levels is reasonable.