The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
MMs/AIM reaction - all sentiment driven - complete disconnect to reality of value that has been created here - any opportunity to mark down - at least creates a buying opportunity ..... this will come back in time and eventually reach its true value which should be at �1.50. Remember we have just had 7 out of 9 successes in Morocco and added 20 bcf ...... which is worth $200MM equating to 75p a share ! Let alone all the value in Egypt which is worth the same again.
In my view as the market/oil price has hotted up over the past three months now is not the time to do an acquisition...... and I would put money on PW thinking the same. More than likely you'll end up over-paying as sellers expectations have risen materially....... organic growth is the way to go when you have fabulous assets and plenty of cashflow. Remember PW said in his last 'Proactive' that there now a lot of running room in the Moroccan assets ..... and we also know there are numerous gas and oil prospects in SD...... then there's the Egyptian bidding round next year why not just get some more super acreage there more cheaply.... we could be $1billion company in two years without an acquisition imho
Thanks daft great post ...... totally agree in every sense
Ha ha ha - did you not buy in at your desired price - poor you - stop scaremongering that's nonsense - I suggest you go back under the stone you've crawled out of - there is no need for either - organic growth is what this company is all about and its doing just fine ....... funny how the price has been marked down at the same time as your comment .....
Is to get rid of Cantors.......
This company has. Brilliant news and many congratulations to PW and the team. Seven discoveries out of nine wells is a remarkable achievement. We just have to be patient and the SP will catch up as the wells are tested and brought on stream. I would much rather a gradual increase than extreme movements; such organic growth is just how the company should develop. Double Moroccan production by end 2018 and then double again by end 2019 is definitely achievable. Then we have Egypt which will be producing massively by end 2018 and I suspect that then will be increased dramatically again in 2019........ the. We have the oil too.......wow as I said what a future...... I am in for the duration...... this is the best company on AIM by some way imho ....... am I biased ....... yes......good luck to all LTHs.
WT - frustrating indeed - we have just to acknowledge though that the short-termers and MMs always do their stuff after a decent rise ......... we can sit back and smile though as we know that over time this share is only going one-way and maybe they'll get the re-entry timing wrong ..... so much potential long-term, with sound management, spread portfolio and news galore....... I am happy to wait ..... PW will deliver I have no doubt about that imho.
Can't be long and we should be spudding Kelvin ............ and then there's all the other news too
Stockable ...... I totally agree with you and JTD ...... these guys are far too comfortable and need a rocket. This is what RH has been going on about for years and has not had any success in convincing them to change their behaviours that is why he is disgruntled...... us PIs May not have that much clout in the big scheme if things but we should make the AGM as uncomfortable as possible....... a vote of non confidence in the BOD is one option.......
Hear hear ...... this obsession with RNS' about permits is b*ll*cks..... oil companies see this as part of normal business and don't see it as a requirement for the market ......I think this next RNS will be that they have spudded the first well ....... that will catch a few with their pants down ... hee hee
That makes two seriously big ones this pm ............ mmmmm ...... something afoot ........ smells like it to me....
Yes and just wait until next year when we hit oil at SD ....... imho....... this will go ballistic as it rightly should
Daft ".......... Oops! Of course loads o� money
MMs can't make their minds up - time to get off the pot boys - go on dare you !
Zelion.........There's a stack of it.......... not necessarily in the right order...... I suggest you research this share as clearly you haven't by asking such a question 1) Drilling of Kelvin expl well on SD spud in the next week or two 2) Drilling of LMS-1 expl well spud in next week or two 3) Testing of Ibu Yunis discovery 4) Testing of LNB-1 discoveryl 5) Testing of Rabul 4 discovery 6) Drilling of 2 SD appraisal wells 7) Confirmation of Egypt gas contract price with a proven reserve base of circa 200 bcf to date 8) Production from SD starting Q3/Q4 this year @ 100MMCFD 9) Bringing on of recent discoveries in Morocco increase of production to 8-10 MMCFD in Q4 this year 10) Shooting of 3D seismic in Morocco to confirm new prospects to be drilled from Q1 2019 with a view to increasing production to 12-15MMCFD 11) New drilling programme in SD in Q1/Q2 2019 for oil (?50-100MMBBl play) and more gas to prove up up to 2.5TCF etc etc..........
.........and when I last spoke to him he said there were numerous oil prospects on the SD block ..... he said that success with the first oil prospect would be the 'ultimate home run'....... and remember we have already proven the petroleum system at this level with the SD-1X well last year ..... only reason they couldn't announce it as an oil discovery was down to hole problems and the fact that they could not run logs to confirm what they had found...... this is the best AIM share around in terms of risk in my mind......dyor
Totally agreed daft I said this months ago - these people have absolutely no idea what they are talking about.......its boll**cks. They should be taken to town about their ignorance and stupidity...... the value of this company far exceeds what they are saying.........its time PW or someone sorted this out. As Georgey said to have 4.4p of value for Ibu-Yunus is luducrous - are they saying that IY is worth $9MM - this means that say 50-75 bcf is worth this - crazy......let alone all the other upside in SD.......and then we have the Morocco discovery today.......... EDISON imho have been WRONG all along with this company............. time to get a grip !........... gripe over - ha! I'm a LTH and will continue to be so as this is a brilliant little or soon to be big company
Well done to the sdx team. This is brilliant news as it opens up this northern area to a new commercial train. More 3D to be shot more prospects to be discovered and more gas AND oil to be found. This discovery is significant no wonder they�re all so excited. This company will keep giving for years to come there is no comparator. Imho keep stocking up ...... dyor
I think we need to be realistic here folks, $5/Mcf is applicable to the giant discoveries offshore.......... much more likely we will get half that ....... this will still create fantastic cash flow for us and in short order with SD coming on stream this year and yes most likely at 100mcf/d.......with Morocco too the pot will be growing at a huge rate......... Re rate surely must come soon.
Will TC pull a rabbit out of the hat ? ........ imho he will. If the GPA gets off the ground this will put a major march on the SP with the value multiples of where we are now. Circa 50MMbbls reserves net to PMG wow a long way from where we are now.