Member Info for woodfromthetrees

No they were drilling the Primary target, and had ample time to go straight through Seabea and through primary target. 2500ft in 5 days but they always give conservative time estimates, modern rigs can do closer 800-1000fpd.
CHAR duster caught many out it reached TD in little over half the time it was projected.
All to play for here.1in4 chance of success is the guidance.you get equal odds in a casino so please keep it real.

Big sells appeared pre suspension, no trading halt in Otto and it closed 5% down.

Be warned folks.Its suspected Chris Williams has been ramping fake news through his @alaskaoilandgas twitter handle that was set up a month or so ago with all of about 3 followers including himself.Funny how the tweet declaring oil discovery (which caused the sudden buying today) has now been deleted.Same thing happened with the fake news prior to the last duster RMP had.Needs investigation

https://twitter.com/DDS_DocHoliday/status/1098346752518877184?s=19

No need to be abusive.Facts are facts.And conveying them actually does everyone a favour.

Well no not quickly because 2020 they aim to produce 160boepd net, that alone is a long way off.I just dont see how the £17mln valuation here is in any way justified?Look at TXP if you want value in that regard or RRE.

Targeting gas production of up to 150,000 cubic metres (5mmcf) per day gross by 2020.UOG's 20% stake this equates to 1mmcf net per day (160boped) target by 2020.Seems a little underwhelming?Wont even cover G&A

Based on these forward projections for current trading year it would be trading on a EV/EBITDA ratio of 3 which does seem extremely low for a growing sector.Key to see if the company is trading in line with these forecasts.Any help from long term investors here appreciated.

WFTT

Ive seen a video from Justin Waite this weekend on twitter highlight the investment case here: https://youtu.be/JFLVV-9WfEE

Does anyone know the forward forecasts?I think here: https://bit.ly/2Fb1yV2 it mentions a projected £8m turnover and resulting projected £2m EBITDA for this current year ended August 19 and projected cash balance of £5.5m.Has anyone on this BB got a link to this broker forecast breakdown?Chance of a dividend perhaps?Based on these forward forecasts this does look cheap/good value however they obviously have to meet them.

Licence is coming in January and will be scramble to buy shares.Aminex vote 4th Jan and the licence is awaiting that confirmation, final talks held following.GL

Looks like the board are getting to a position where they are fully in control of a large chunk of the company.Next I would like the ukog shares sold and the new cash position known.as was mentioned previously.
You cant argue with 2.25 times return on an asset that would otherwise just gather dust and be forgotten.Well done board.

Just waiting for the bottom to be in.

I researched over the weekend and concluded that this looks like a very good bet for a turnaround story from here

All the ramping of this permit that hasnt landed quite yet.. that was oh so nearly there 3 months ago

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=GEO&ArticleCode=jep57w4b&ArticleHeadline=Exploration_Permit_Approval_Imminent

red flags galore

its simply not a business and not sustainable.Look at the accounts.
I see a share suspension coming here in all honesty.

Absolute disaster here.£5m loss reported for past 6 months, huge admin fees, with no cash.
The huge red flag though is the £44m of debt that has to get serviced.
Problem lies if they cant service the debt it goes in to liquidation.Can see why City Financial bailed at any cost!

be careful with this one folks

Why release that approval is imminent with something that is totally out of their hands?Why not wait until it actually happens then release it then?Odd to say the least surprised it got nomad sig off..Wouldnt surprise me to see a big placing land here shortly.

Remember who the rampers were as they have all sold for nearly 100% and now sailing off in to the sunset leaving the poor people who paid higher up to hold the baby.

COPL, CHAR etc all released dusters few weeks before TD was supposed to have been reached. Reality is TD timeline allows for associated testing as well. If there is nothing to test they announce early (providing no delays during the drill)