Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Oh dear jealousy is such an ugly trait ! This guy is a lying little weasel! He lies to get people to buy and when I challenged him he got abusive How’s that 24p average looking ? LMFAO !!!! If anyone wants to get bankrupt follow luck counts ! He bought OPHIR at 100p down to 30p lol I bought at 35p 40 p and 32 p averaging 36 He bought AMER at 24 p down to 9.5p I bough at around 12! That has nothing to do with luck ! Just pure stupidity on your part! Luck truly doesn’t count ! Intelligent investing without emotions does ! The guy couldn’t analyse a share or spot a trend if it hit him on his troll face ! Get a life !!!
Yes you are correct tax is above 50 WTI! I have in my mind Brent which is usually around 55-60 when WTI is 50... The tax is ridiculous! It’s one of the worst regimes I’ve ever heard of ! I was expecting it to be addressed in the last budget because there were lots of people campaigning against it. The oil is shallow, accessible and cheap to produce in Trinidad. I’m in TXP for the same reason ! I’ll derisk there in 2019 and leave a core holding for the long term... if you listen to their management , they’re more appraisal rather than explo so could be interesting
DNO haven’t come across very well in this sorry mess! They don’t appear to be the sitting around the table type! I don’t think they will come back with a better offer ! I don’t think the TO will go through! I hope they as I believe 2-2.25 will do it but ..... I would actually prefer for the offer not to go through! With 20KBOPD to look forward up from next month, reduced capex and some dividends to look forward to, this is one of the best oil plays in AIM. They can take their 152 and stick it where the sun doesn’t shine! I’m keeping all my shares !
Jeez I thought a GBP was 1.6 Canadian dollars sounds like it’s closer to 1.75! Yikes Morocco is stable and had this been a pure Egypt play I wouldn’t have touched it with a barge pole ! The problem with Morocco is that the volumes are small even at 24 mill scufs... to make it a solid long term hedge volumes in Morocco need to be 4 or 5 times those volumes... I’m also in TXP and TRIN for my sins and they are very very risky because of the Trinidad SBT which kicks in when WTI is at 60 ! So it’s better for Trinidadian stocks if oil is below 60 or significantly above ....
Wolster Please feel free to filter us ! Free speech and all that ... I didn’t this was your personal group ?! Or private BB ! Apologies for preventing your guff from spewing your guff We’ll post what we like when we like
Hi opulenta You have a decent mix there of exploration mixed with a variety of production and also some mining thrown in ... out of those I’m also in KAZ and GKP! Also heavily in RRE which has made me 117% since August September! Good luck with your investments matey ! Well done
Thanks Opulenta Sharing positive research AND concerns are what these BBs are made for ... I still have some concerns but I’ll be making hay while the sun shines! Unfortunately not, I didn’t get in that early ... my average is around 12 which I’ll be looking to increase after the flow test results I’m not sure about your dizzy 1 pound or even 60p projections but I think 20p -24 p might be doable in a stable 60-75 dollar oil environment by mid late 2019 I’m happy with that kind of gain 100% for 6 months investment ain’t too bad Thanks again matey! What else are you invested in at the moment? Or is this your one and only ?
Thanks opulenta I tried to send you a message of thanks but it got buried under some jealousy! Keep it up ! I’ll buy you a drink for every grand I make here thanks to you ! I hope you are not a light weight ... ;)
Yes growl I also sense that a raise is coming to fund this new atalantic margin venture... at what price ? Anything below 5p will put the nail in the coffin for long term investors above 8p Then we’ll go into a cycle of study data, acquire seismics , open data rooms , discuss discuss discuss farming out etc etc etc! That’ll keep the gravy train going until 2022 and bonuses topped up
Gooner Haha TexDrilla/ Drillahill is beyond help lol Agree that With this one you just need to play the spikes .... imagine if we had all sold at 23p ! Or any of the previous spikes.
Seems we are roughly in the same boat! Not a particularly fun boat but nevertheless the same boat! I purchase all my shares through brokers .. you can buy or sell whenever so I didn’t understand that comment about broker I bought my latest chunk here yesterday at 40.6 average to further reduce my average but won’t buy anymore until SD is on stream and delivered! I would also like further diversification away from unsafe Egypt may be in to another country in MENA area
Cheers Gizzy Out of interest what’s your average here ?
Regarding the “upside and risk”! All investments have risks ! They are different types of risks ! I invested big sums into SDX knowing the risks therefore can’t blame anyone else I knew the Pharos are corrupt and may need their personal accounts lubricated in order to sanction developments ala SD I knew that an Arab spring could happen any minute and I could lose my investment ala 2011-2014 I knew that if the Egypt ministers needed cash they can keep a hold of my money just because they could ! They don’t have to give any of it back unless they felt like it! I knew that at certain times of the year that the country shuts down and a 9-5 in Egypt is a sandwich I knew the risks over there and therefore like everyone else who bought shares here in the past 2 years I’m under water I manage the risks by investing in 10-12 companies at a time
Thanks for your well wishes I am an investor in SDX and like you and most others haven’t experienced much of the upside ! For some reason the market either still doesn’t trust Egypt or doesn’t have faith in SDX! LMAO I’m not posting here to change any fundamentals! I’m just giving my opinion about my investments... I work in the industry ! Decommissioning costs are coming down all the time. They account for 20% of profits (small beer) Do what ever you feel comfortable with ! I have decided that i won’t be able to sleep at night gambling my net worth on a company in jurisdictions as corrupt as Egypt so have decided to mix and diversify You say you would not like to be offshore if we go into recession! I would not like to be in the market if we go into recession!! Nothing is safe in that scenario lol ! If you are old enough to remember previous recessions you’ll know that they don’t discriminate between onshore and offshore lol!
Apologies guys My intention was not to be the topic of conversation! I simply messaged Opulenta thanking him for promoting this share and convincing me to drip feed an investment here. opulenta is someone who I have interacted with for about 6-7 years online since the iii days! I don’t know why picked peck and others decided to get triggered by this ? Some messages had a hint of jealousy! Others were just rude ! Let’s get back to discussing AMER! Cheers and happy investing
Wolster My posting history is there for you to see Go back to 1 year ago and you will see I was negative on AMER management! I was ridiculed by dads army when the price was 22p!!!!!!!!!!!!!!!
Apologies LEAS I was responding to this “I have a six figure sum in here with just over 1.2 million shares, my average is 14.2. The bulk of the shares were bought in the 13s . Money where my mouth is, so why is your mouth here?” It looks like it was by picked peck but i noticed you took a jibe also so accidentally wrote your name
Why have one when you can have both What you have written about RRE is also incorrect They have 50% gas which has been very stable in price ! They have hedged some oil at $69/ BBL!!!!! Let that sink in!!! They have a number of fields in development which will increase the life of the assets ! In fact even their “old” assets have a longer life than Maseda in Egypt ! Which is a very late life asset! They are in a stable jurisdiction and get paid 30 days after invoicing! No huge receivables by the Faroes ! 50% cash is restricted yes They pay a dividend so you get paid while you wait I have a big investment here but over the next 6-8 months RRE will bring better joy to my portfolio! The same as it has done in the previous 4 months SDX in my portfolio =-25% RRE in my portfolio = +117 Which one do you think gives me sleepless nights?
Yes PE is expected to be slightly over 1 which is pretty much 1-2! EBITDA and Earnings/ profit will be similar if the company pays minimal tax, doesn’t pay any interest due to lack of debts, has minimal depreciation and no amortisation charges ! Which is the case with ROCKROSE ENERGY RRE I typically use EV rather the price (MC) which includes cash and debt.. Rockrose has an EV: EBITDA of less than 1!!!
Join the dots First of all , apologies I didn’t have the time to read the full thesis posted below .... but skimmed a couple of lines... so I’ll respond to what I read A) Bit of advice: do not get emotional with investing ! Your heart has no place in the market ! You need to continuely evaluate what is happening and act accordingly! B) My comments against The Amerisur board are still valid and I still stand by them ! They have led the destruction of share holder value from 60p to 9.8p while being paid one of the biggest salaries on AIM! If more shareholders stood up against fat cats may be they wouldn’t see it as acceptable! C) back to point A above, we must always use our head to assess investments, I will sell as soon as things change ! I’m not in love with Amerisur! This is a pure trade ! I don’t discriminate how or on which company I make money! It has the same value either way! I will evaluate regularly and then decide! D) I guess math isn’t your strong topic which is worrying when you are investing ! Decimal places are disregarded when dealing with number if figures LOL LMAO I haven’t posted here for a couple of weeks but was reading the bb regularly! The only reason I posted a lot for a day or 2 was in self defence because I was being attacked by the unlucky tw Here’s for another prosperous day at AMER