Member Info for viable

Nothing useful to note other than I added to PTAL @ 57.79 whilst leaving JSE intact. Most focus remains on SOUC although I'm keeping an eye on Hernández, the Tiktok king: If he wins tomorrow night I'll change my tune on AXL.

Bunkatron - Useful observation. I'd be interested to hear of any non-AIM gems you have found. Always handy tapping into outlying opinions which are overlooked here. One such example has been SOUC. And together with i3E has become one of several fixtures.

[No sign yet of the divi being added to holding, but Hal always tend to be slow.]

https://money.tmx.com/en/quote/SOU

This is more like it!

And have just come off a phone call with a Vancouver acquaintance.
He says C$5 by December.
I said, Stop yanking my chain.
Maybe, maybe not . . . but unlikely.

I really hope you gentlemen see this moving to >£1 pronto. Unfortunately I threw in the towel circa106p . . . had to apply cash resource to better advantage and now hold one Au stock only.

But I'll be back.

@ 19:41 - How I wish. Starting to get a bit irritable with our furrow although Singida and W Kenya should act as a tonic within 6 months. On the other hand I am one fella who was never a >$2,200/oz believer by H1.

Perhaps we should bury it. I am sure if you reread your comment it will strike you as strange if not "weird" to the average reader.

Okay, outvoted although I was comfortable either way.

MI - LSE moderators are very cautious with links via new posters, mainly because of worms, etc.

Without giving a story on a strategic potash investment in Pretoria when Whitehall and Washington were screwing the country I follow EML events. How good it would be to see bodies such as the DTI pushing Marrakesh into motion.

Until a couple of days ago this board and the stock were virtually dead in the water.
Where's the next big opportunity? CPH2? SOU?

HKInv - Am mildly surprised. Thought you were slamming the company yesterday. I don't play games. Either it's a serious proposition or a leave-alone.

Do Colombian watchers here think Gustavo is going to win the day?
It has been a primary force in holding off investment.
I took a chance pre-Castillo in Peru but can not expect two favourable outcomes on the trot.

Yes, and happily my stake increases (modestly) each month.
As an aside, although having no intention to take up any stock, I am following adjacent AXL progress in AB.

I enjoyed (sic) reading WH12's 08/06/22 post. It cooled my one-eyed stance on HMI, illustrating this is by no means a nailed-on exercise. Obviously 200-400-even 600k can be accomplished. Timing is not straightforward but the company justifies medium-term investment.

Damn'it . . . looks as though we have returned to our sub-32p furrow.
How many more of these options to work through?

Yes, indeed. Guilty as usual for wandering off topic. However, a lot of science and innovation is doable. Having camped extensively along places such as the Skeleton Coast I have seen the opportunities available via sun, wind and water.

When pioneering solar energy in 1970 I made very little progress. It is now big business. Consequently I track the progress of e.g. the Pouroulis family and have a sizeable stake in CHAR.

Getting back to the point I noted someone going on about shale on our acreage. This of course is wrong. That characteristic is mostly found up in places like the Bakken. Early on I had been in touch with management on their multi-stacked plays in the Missi. We now know for sure they are targeting the "big three". At no time have they made outrageous claims as to success.

I'll leave it to VP Engineering to show up the misguided views of HkInv.
Alternatively Ian Atkinson could send him a quiet note.
[Incidentally, at the top of my wish list, is to see Olivier Mussat succeed with his H2 project.]

Apols, 4Princes. I was busy on PTAL with calcs being constantly revised.
I did some estimates on the Gwinville trio but they are way out as some hedging was presumed. As it turns out production is unhedged. A current guesstimate is -

3 x 1,300 = 3,900 x 30 = US$117k/day x 365 = US$42.7m p.a. minimum
[NB> on three wells only]

Several variables need to be added not least of them are 3 more multi-frack laterals coming online Q4, plus the remainder of existing inventory . . . in order to reach total gross revenue for the year. Also, remember all new wells will be constrained during startup.

American gas prices could go through the roof this summer; it means all calculations are null.

Whilst my average buy-in is low there are three points that override any future decision:
a) it is understood fellas in the City are eyeing up Gulf acquisitions;
b) rig bookings, and;
c) my target is amended to £3, no longer $3. Reaching it is another matter.

For interest my core p/f includes SOUC, i3E, PTAL, HMI, CHAR, SHG, THS.
The remainder are for tinkering.

https://southernenergycorp.com/wp-content/uploads/2022/06/Southern-Energy-Corporate-Presentation-June-2022.pdf

Self-explanatory, multi-stacked = Upper Selma, Lower Selma, CityBank
They have been my focus since buying in @ 36p.

https://www.zerohedge.com/commodities/trafigura-ceo-warns-epic-blowoff-top-crude-worst-energy-crisis-just-ahead

Mind you I have been waiting all of 6 months for Au to get anywhere near $2,500.

https://www.gasalberta.com/gas-market/market-prices

@ 09:33 - They are options. I mistakenly named them "warrants".
Employees cashing in might have limited effects.
"Associated dilution = 42%"
Share buybacks via growing cash pile could help us.
Things should be a bit brighter tomorrow.