Member Info for zedy

Thanks for the advise NewKotb, much appreciated.

Just checked website:

"The Group uses derivative financial instruments, such as forward commodity contracts,
to hedge its commodity price risks"
Currently the natural gas prices on these contracts are significantly lower than currents ones.

Decided to derisk holding and sell majority. Will reasess when gas prices recover. GLA

Read all the posts below. Interesting that previous board have good track record. Only issue is that there are many companies looking at acquisitions and others already with production and operator licences in place could be in a better position. The longer the first acquisition takes, the more current cash will decrease and with it the ability to buy production. AGM will be interesting.

There was a nice uptick in natural gas prices last week, should see this rise very soon to at least 25p. SQZ has been immune to low gas prices due to their hedging. ENW need to get wiser if they are to deliver shareholder value in future. Hold for me.

Does anybody know what split is JKX in gas and oil?

Wonder when their hedges expire. Current gas price is rock bottom but any acquisition would be cheap.

A company producing 40k bopd for current mcap is the cheapest around. Dyor. Solid hold for me.

Not much resistance to 136. With Opec meeting announced looks good to get there next week.

Ticking up nicely, 1.50 will depend on what oil does in coming days.

Good volume!!

Just checked, I can buy at 1.85p with my broker. No need to go through placing or primarybid. Now I've calmed down could buy some more.

Feel sorry for those that bought today. Will sell mine at first opportunity dont like the way management conduct themselves. GLA

Webinar being recorded, anything of note thus far?

Motoring now!!!

This has recently out performed most of its peers. No spectacular rises just slow and steady. Looking good.

That announcement regarding reversal was made in April 19. Old news not weighing on share price. Like JKX the main issue has probably been the low gas price.

Must be the most undervalued stock in the O&G sector. Must be a desperate seller in the background.

Yeah, when confirmation received of $45 oil price base this should rerate significantly.

What time frame for 40p?

Seplat petroleum another whose production ~50,000 boepd. Mcap 307m. Genel mcap 324m. Obviously with oil price firming up these mcaps will increase accordingly.

Has anyone compared what other companies producing 55 000 boepd are valued at? It would be a direct comparison of where the mcap could be early next year.