Member Info for VistaMan

Tymers, Are you blinkered, ignore all previous disappointments with this share and somehow miraculously this will all be corrected in the future? If you have cash I am very surprised this is the best option you can come up with. Your surname wouldn't be Sandersoon would it?

Your correct, its likely averaging 301 bpd, if it was much higher you can be sure Sanderson would have quoted that. By the way, Sanderson's "package" last year was taking $6.85 per barrel on all that 300 bpd!

Read the RNS, it states 300 bpd!

On all of 300 bpd?????

More Sanderson bull**** and no apology for continued under delivery.

Unfortunately I hhave owned this POS for several years and the only constant has been dilution, ope.rational failures and a greedy CEO. Isn't is time he was gone? I think his salary is outrageous for a 300 bpd "oil company"

Whilst the SP here languishes as a result of the current low US Natural Gas Pricing, its important to remember the extensive hedging in place over the next few years. I attach an interesting article which expects pricing to return to ~ $3 by year end as a result of the capital starvation of shale gas drillers due to low profitability. If this occurs it should permit additional hedging at higher prices. In the meantime sit back and enjoy the stonking dividends.
https://seekingalpha.com/article/4321978-natural-gas-capital-retreat-to-send-prices-50-higher

Dantoy, your 4p target, what flow rates and P/E would you base that on?
PS, before I get accused of deramping I have been a holder here for some time.

Zen, Thanks for the explanation. If thats the logic then next years dividend would need to be 4% of whatever the SP will be. Even at 25p the dividend needs to increase from 0.3p to 1.0p. If the SP rises as expected then it needs to rise even more. That still seems very affordable given the FCF projections.

ZEN, invested here also but the dividend announced doesn't stack up if my numbers are correct. A total dividend of 0.3p at a SP then of 15p gives a dividend yield of 2%. I don't know how they can claim 4%?

Wonder what the "jam tomorrow" message at the GM tomorrow will be? Seems to have gone all quiet now that salaries etc have been secured for the foreseeable.

I see we have had a nice run up in the SP going in to it!!!!

Made another purchase(8th) here today, hard to resist with a yield in excess of 10%. There is possibly also a trade here in addition to the dividends with the heating season in the US started and a likely increase in NG prices as inventories get drawn down. Last year there was a nice spike in NG prices in response to a cold spell.

Hello, I am a LTH of Enquest and used to be a frequent reader of this board but haven't looked in much this year. I have a couple of questions regarding cash flow:
1. Does anyone know / able to predict when the OZ facility will be repaid?
2. Is there still a revenue sharing on Magnus? If so when is this expected to end?

Just trying to work out the rate that debt will be reducing at!

Vista

Hello, I am a LTH of Enquest and used to be a frequent reader of this board but haven't looked in much this year. I have a couple of questions regarding cash flow:
1. Does anyone know / able to predict when the OZ facility will be repaid?
2.

Looks like the securitisation was completed on reasonable terms. The operational update was strong and I liked the hedging put in place. Made my seventh purchase, hopefully before the "usual" winter gas price rise. I am here for the dividend, any capital appreciation is a bonus.

Impressive either way. Well done and good luck!

duster, could I be so bold to ask if your 45K buy was number of shares or sterling value?

Simply fund portfolio rules to manage any potential downside risk from over-exposure to a single share. The Cavendish Fund Manager really likes RRE but still has to manage a controlled sell-off of some portion of the shares they hold.

The party hasn't even started yet if you can just have some patience.
The market cap is so misaligned with future value.

1750,
Looking at page 5 and page 8 it looks like a TOTAL of 2k BOPD NET for the 2 wells. (not a total of 4k NET)