Member Info for VistaMan

Rookie,
The link doesn't work. Copy it into your browser and change cXm to com and it will find the page. Its an interview with AA and does state the $30MM revenue.
Vista

Sweepie, I wouldn't waste too much effort on replying to YellowSnow, his opinion isn't always reliable, it depends on his trading stance at the time! A copy of his post from March 6, 2017 below. Needless to say that wasn't too accurate either.

"in terms of the multi billion market that DeviceAuthority secures - at the heart of - embedded in the IOT
it's simply a matter of time before cisco or dell pick a large global mega corp buys DA for a few Billion $
sound fanciful?
well then go look at snapchat, a here today, gone tomorrow type company.
DA, here to stay with patented technology, embedded into global corporations products ensuring Data being sent and at rest throughout the IOT is Secure from outside hackers.
Not long before it takes off to triple figures market cap."

DGOC already has one of the best dividends available (3.4c / qtr) in the O&G sector and it has a dividend policy of returning 40% of FCF. With the acquisition of HG Energy it will add 20k boepd which will in turn increase FCF by 19%. The company states it will have a greater than corresponding increase in the dividend per share. At today's SP the current dividend is 8.1% and with a >19% increase indicated it would be > 10% !!!
Hopefully the company will get more attention from investors that it deserves with 90k boepd production. A move to the main market might help.

gkb47, Baron has >8000 followers on twitter. I have seen in the past the positive effect it can have on the share price when he takes a position in a company. Many PIs are more inclined to buy if he has taken a position. Can only be positive for Enquest.

Therapist, do you have a link available?

Agree Workover, IOG was a nice distraction while we are suspended but better not to get into that mess and concentrate on Marathon. If we have too much cash a dividend would always be nice.

rxdav, I can assure you it was not me who complained. There is very strong opinion here that you can achieve higher value on your own, so as far as I am concerned personally that's fine, RRE can look elsewhere. So ignoring the risk of the administration of your creditor and the high level of debt, what kind of farm-in and % dilution can you expect? The SP was 12p before the RRE approach broke. Are your BOD fully aligned with PI interests? You won't see me on this board again, I have no interest in de-ramping IOG.

Smut,
I hold RRE and am very glad I do. They have and will continue to make a very decent profit for me. RRE have offered a very fair price for the LOG debt. I am glad they didn't offer less out of respect to the LCF bondholders.
RRE may nor be successful with our bid for IOG but RRE will continue to grow. Look at how the company has grown from early 2017 with £13MM equity raised (and £24MM returned to shareholders) to today's £100MM market cap with no debt and likely £200MM market cap upon re-admission. Contrast that with IOG's financial position / track record and I know which company I would rather be a shareholder of.

Nearly all of Motley Fool" articles are "marketing" for someone. Most of them are total s**t and invariably the numbers they quote like P/E are absolute rubbish. They never quote a basis for any of numbers provided. I used to post comments when I came across these on Yahoo Finance and let them know what I thought of their financial acumen but Yahoo have removed this feature!
Lets hope first oil comes before the end of April and is swiftly followed by good drill results.

sweepie, glad you are now posting regularly on this board. I share a lot of your opinions, just don't post as much :-)

Trout, as a sophisticated investor I am surprised you are labouring arguments about historical NAV. I say historical as it doesn't change unless a corporate event / funding etc. Surely an increasing workforce at the portfolio companies and a reduced funding requirement is strong evidence of increasing revenue which is much more salient. In determining the potential future share price we need forward looking metrics not historical NAV.
I am also somewhat concerned that everything from yourself now has a negative twist.

Well Yellowsnow, I would like to remind you and the board here of one of your posts of March 6, 2017:

in terms of the multi billion market that DeviceAuthority secures - at the heart of - embedded in the IOT
it's simply a matter of time before cisco or dell pick a large global mega corp buys DA for a few Billion $
sound fanciful?
well then go look at snapchat, a here today, gone tomorrow type company.
DA, here to stay with patented technology, embedded into global corporations products ensuring Data being sent and at rest throughout the IOT is Secure from outside hackers.
Not long before it takes off to triple figures market cap.

So you don't only deramp but also ramp this share on this bulletin board depending upon your position. I would advise all to simply ignore your posts.

Cantor Fitzgerald has a issued a research note with a target SP of 27p based upon current producing assets. Upgrades anticipated as successful drills materialise. Good upside here.

nickphil, try this link. It shows all trades in my experience and it is real-time.

http://capita.moneyam.com/trades/AMER/Amerisur?page=0

nickphil,

Bertie, thanks for the link, there is an error in it, it should be .com not .cXm.

The bit that was new to me was:

"RockRose will also gain revenue from transporting oil and gas from third-party fields, including some offshore Norway, via Brae into the Forties and SAGE pipelines. Transportation revenues could be as much as $30 million annually, Austin said."

A material amount of revenue!

Jimmy,

They don't make anywhere near the same margin on gas as on crude. Remember approx. 6,000 BOEPD is gas. Current gas prices Dutch TTF are quite low.
They will still make lots of cash which makes future capital returns and future acquisitions look highly likely.
Great news, how will we contain ourselves for ~3/4 months?

Well done Ian Austin, I was anticipating a purchase but not one of that size. I as sure the SP target will be lifted to >£30 on re-admission. Well done everyone holding here. Can't wait to see the prospectus.

Lexion,

The P/E is 1.1 based upon $120MM EBITDA forecast. (other oil companies in the range 5 – 20!)

The enterprise value is (103 – 59) = £44MM (Mkt cap – free cash)

2P reserves are 36MM barrels

EV ($) / reserves = 44 MM * 1.28 / 36 MM = 1.56 (this compares very favourably with other oil companies who are in the range of 6 to 14 and have debt, RRE has no debt)

Production Rate = 11,200 barrels / day

EV ($) / Flowing barrel = 44 MM * 1.28 / 11,200 = 5028 $ / barrel (Again compares very favourably with other oil companies in the range of $15,000 to $60,000)


This share has a lot further to go IMHO!

Whitman Howard has updated their Broker Note following the extension of the Ross / Blake field from 2024 to 2029. The target price has been raised from 1513p to 1830p as a result.
I first invested in RRE in June amd topped up 11 times since. Back then most days there were no posts on this board. Glad to see it much more active and other happy investors here. Still very low risk and lots of upside. IMHO