Member Info for Yachtmaster

You talking a load of rubbish again Joey. I really don't know why you bother coming onto this board.

I will be tempted to buy a load more soon if this drops below 0.2p My top slice has doubled elsewhere so I will be in for a top up.

Just read the last few RNS and look at the investor reports on the company website. Closure of Atomic deal on 31st Jan will be worth £125m. Awarding of the OPL226 PSC will be worth c£100m. As Arthur says this deal is game changing.

The current mcap is £12m.
Our share of Atomic is £125m
I am happy to wait for the re-rate.

Is worth $289.5mm

There are currently 41 producing wells on Barron Flats giving1400 bopd rising to 5000 bopd.

I can see what Arthur is trying to do. His daughter Elizabeth is following in his footsteps. Any good father would want to create a company that he can hand on to his daughter. His recent strategy is working finally having had a few rolls of the dice in his favour. As cawcaw says once we have some production figures published next year we will be able to determine the value of the Atomic asset. Then OPL226 and Mozambique. And Jan 2021 will be when the marginal results are published.

We don't do any such like for the deramper Joey.

Well Joey as you only joined the bb and invested in this share in the last 6 months you don't understand the history of this share. If you had been here for the last 6 years you might understand how positively everything is coming together now. I first invested at 10p a share which I know you cannot relate to the current sp due to the number of shares in issue but anything is possible. You have always been negative about Copl which makes me wonder whether you are actually invested.

As you all know my exit target was always 10p with OPL226. However, with Atomic, Mozambique and possibly a marginal field I now think this target will be achieved much sooner than even I thought. Arthur has played a blinder.

From Arthur's interview it was really interestimg to hear that he is going to use the expertise from Atomic to get the Mozambique oil field producing by pumping LPG into the reservoir. Anyone know the likely production figures?

Have you travelled back from the future. Are you from 2029? I have always wanted to time travel. How did you do it?

Thanks Bob. You deserve it along with all the lths. So we have Atomic, OPL226, Mozambique and possibly a marginal field. Could all be worth 10p a share in 2 years. Who knows what else Arthur and Elizabeth may pull out of the hat next.

Yes Bob. That would be fantastic.

Yep I reckon we will get a marginal field with Shorecan. That will be worth a few more pennies.

In my opinion simbah you are talking rubbish. The $1m deposit has already been paid on or before 1st Dec. The next payment will be 31st Jan 2021.

You need to factor in OPL226 as well. That could well be worth 3p or 4p by 2022. So add the new acquistion in and we could be looking at £500m M/cap and 5p a share.

Who gives a monkies about what aimmillionaire likes or dislikes. This isn't his board. So he can go and take a running jump!

Sounds like you don't understand the difference between income (earnings) and capital gains.
A capital gain is when your assets increase in value. eg. investments, house, land, etc.
Their are various tax free envelopes that you can hold your investments in to avoid paying tax.

Well there is taxable income which you have to declare.
And there is income which is not taxable and I would say you don't have to declare.
If your investment grows then that is a capital gain not income. Inside an ISA this is free from CGT. Any dividends would be free from income tax.