Member Info for Womo

Background

The Company announced on 3 February 2021 that it had secured a material licensing agreement for its core EdTech services, with an unnamed client ("the Client"). This agreement related to the Client's forthcoming new "social media" proposition and today's agreement with Aldebaron is a seamless extension of that original arrangement. During the past several months various aspects of the Dev Clever proposition have been successfully tested in closed Beta with the Client and today's Aldebaron agreement becomes the central conviction "go to market education initiative" for the Client. The Company remains under strict NDA with the Client and Aldebaron (together the "Parties") until general release of the Client's exciting proposition.

I find this somewhat intriguing. DEV looking to JV with a company that is providing the financial clout so that DEV can expand rapidly.
I can find very little information on Alderbaron..... So who are they? and are they just a front new company set up by this UNKNOWN social media giant.
Maybe me just over thinking it...

NO worries....
The team that SD has put together isvery highly qualified to meet the company needs. So much so that they independantly issued an MRE without any input from Newcrest, and made it public.
IMO we have no need to worry about the 5% or any other percentage as the TEAM is in place an SD has stated that any offer would go to EGM.

Tickingtim, the 5% is going to independant valuation. You're over thinking it IMO

Kenny, I suppose you could use the Sproul calculation method:-
In determining the NPV-10 for the reserves and resources, Sproule utilised its March 31, 2022 price forecast for both oil and gas which includes a West Texas Intermediate ("WTI") oil price forecast of US$93/barrel ("bbl") in 2022, US$83/bbl in 2023, and US$73/bbl in 2024, with a further US$5.00 per barrel deduction for price differential. For the gas price forecast, Sproule used a Henry Hub gas price of US$5.00/per million British thermal units ("mmbtu") in 2022, US$4.25/mmbtu in 2023, and US$3.25/mmbtu, with a further gas price differential of US$1.25 per million standard cubic feet ("mscf") reduction from Henry Hub, a heating value of 1000 btu per mscf and a shrinkage of 5% for losses due to surface facilities. Prices and costs are escalated at 2.0% per annum until the price doubles, and are then held flat.
But it would take me all weekend to sort that and I am on hols.... Good Luck

and add significant immediate, near and long-term IP, content, equity and other resources to Dev Clever's future development and growth plans.
Opinion - Strong Buy (If only I could)....

But Hey Ho $6m in the bank every month (from non operated assets) is not too shabby.

molatokid, As far as I am aware there is nothing being produced from Paradox. We are awaiting well infrastucture and I don't think this will happen until the strategy for the Gas is announced and complete. The company is very keen to show its green credentials ... so until gas sorted the well will not produce. IMO (I could be completely wrong).

Bagzzz. couple of points from your post last Sunday.
1...Dev's shares are not Delisted they are in Suspension. If delisted I would of been sceaming..as would of dropped out of my ISA.
1...9 months of gradual slide.... Nope - for the last four months sp has not changed.. Just thanks your lucky stars that we are in suspension with what has happened to the markets.
I am frustrated like everyone but knowing that Chris Jefferies still hold a massive amount of shares is somewhat resssuring.
News soon I hope. Cheers

We will be treading very carefully to manage all risks. But Very Very excited about the prospects.

It's just the start for all overlying reserves. Meanwhile $6m permonth revenue. Plus more to come when state 16-22 comes online. Brilliant

FOMO on a Monday... Love it!!!

In total, Zephyr received circa US$6 million in cash flow (net to Zephyr) from its non-operated portfolio in March 2022, the first month in which revenues from the Acquisition were paid in conjunction with Zephyr's existing portfolio.
Another 16 wells to come on stream without Paradox.
Thanks for bringing it to attention.

Agree ukchips..... FOMO to kick in at some point before then.

Give it chance darien.... only half an hour into trading.

and I will holf off the obvious statement and let someone else have the honours.

944Turbo... Yes that's correct. Thanks for pointing out.
With THREE Paradox wells to come into production before year end then this is looking very very promising. GL

The Company estimates that the cash operating cost per barrel from its Williston Basin production will average approximately US$16 per barrel over the next 24 months.... Yes US$16 PB!!

We expect all our forecast capital commitments, for at least the next twelve months to be fully funded through a combination of existing cash resources and cash flow from production.

$30million revenue over next two year only accounts for half of non operated oil.
So $60m revenue over the next two years and that is just on non operated.

You can see where this is heading!!!!!! Massive uptrend