Primorus Investments Share Discussion Threads

[nevgroom] 25/7/2017 07:13

I took 2m of these yesterday, paid over the odds (at the time) but 10% of HH is not to be sniffed at!

[glenkaz] 25/7/2017 07:11

Will we break .4 today 🤠👌

[dudleym1975] 25/7/2017 00:42

Bottom line is prim is undervalued and will re rate as people see it

[glenkaz] 24/7/2017 23:30

Hey tem wtf is batgirl? Surly not that d/ck robin b/stard of the hood! 🤔 In drag! Lol!

[temmujin] 24/7/2017 23:11

red army= loserrrrrrrrrrrrrrrrrrrrrrrrrrrrrr!

[glenkaz] 24/7/2017 23:03

Not sure!! Then sell up! Fool! If you ain't see don't buy in! Simple! Goodbye! Cr/p post! Top sliced hey! Bye 👍

[red army] 24/7/2017 21:07

I'm not sure that the calculations have taken into account the cost of getting it out of the ground including the capex for equipment etc. Just trying to put a sensible slant on this potential valuation as opposed to hot air.

[glenkaz] 24/7/2017 20:55

My holdin ukog 70% alba 20% prim 10% will slice the daddy small and add alba 70% prim30% gla! Boooom for all who Weald ! 🤠👍

[ny boy] 24/7/2017 19:40

Look.. everyone has their agenda, I don't mind if you are long, short, or just watching, looking for a cheaper entry. Something for everyone, it's what makes a market. Would be nice to have some news flow soon.

[dudleym1975] 24/7/2017 19:30

RE: ValuationI have extended the valuation to all 4 companies below so you can see where the most value is left in buying these 4 Companies. Company /%HH / fair value share price HH only/ Current share price ALBA. 10. 0.81p. 0.68p UKOG. 32. 1.39p. 5.95p SOLO. 6.5. 0.13p. 0.24p PRIM. 6.5. 0.61p. 0.33p IMO ALBA and PRIM have the most upside here. ALBA has Brockham too but it really looks like they are going to get hit a with a placing soon judging by their issue of equity RNSs past frequency. SOLO has passed fair value for HH. UKOG are kinda fair value if you assume BB-1 well has the same flow rates and resource size as HH and BB-1 is fully owned for UKOG. Then value approx 1.39p + (1.39×3) = 5.56p but this does assume well flows back with good pressure. Hope it does but have been watching 88e aware not to count chickens too soon!!

[dudleym1975] 24/7/2017 19:25

Interesting post from lse poster batgirl take note chapsValuation of HH onlyHi all, been valuing HH which we own 6.5% of the oil. Valuation short term using the last flow rate test and longer term using the full field size of 10 billion barrels of oil. We await the Surrey council meeting August or September for agreement (hopefully) that we can do long term flow testing for up to 9 months so will give us some more oil to sell for funding. This is just valuing the oil side of PRIM not Fresho or the gold mine + other investments made by this board. Flow test at HH is 1688 barrels a day for upper/lower Kimmeridge and Portland. At £30.77 a barrel for 365 days this is £18,958,012 yearly. (using 40 dollars a barrel). Only 6.5% of this is ours so £1,232,271 yearly. Multiply by a Pe ratio of 8 is £9,858,166 as our mcap. Divide by the number of shares in issue which is 1,601,882,500 gives a value price for each share of 0.61 pence. (When I carried out the same calculations on UKOG and their 32% share here I get a value of 1.39p a share. They are currently approx 5.1p a share which I can only attribute to high expectations pre BB flow test results and the numerous other wells they have at various sites and stages of life cycle, some of which are already in production phase). PRIM has been slower than UKOG to re-rate as we're not an oil company took people longer to catch on. On a long term basis the licence oil fields PEDL 137 and PEDL 246 have an oil in place estimate of 9.97 - 10.99 billion barrels of oil. After last UKOG RNS looks like this may be upgraded at sometime too as weald more promising than we thought. We await log from BB-1 RNS to see more indication if oil in ground gets upgraded for all weald oilers. So if I take a field size of 55 square miles as is the case here and with 10 billion barrels of oil in place. Then 5% approx recoverable is 500 million barrels extracted over 20 years by drilling more wells like we are asking for planning permission to do, gives 25 million barrels a year. At £30.77 a barrel is £769,250,000 a year with 6.5% being ours which is £50,001,250 a year. Times this by a Pe ratio of 8 to value us this gives an mcap of £400,010,000 Shares in issue is 1,601,882,500 so long term a share is worth 24.9p each. Ultimately what you decide to value a share at is up to you, decide your own pe ratio to use and oil price...this valuation is fairly conservative, HH probably will get an oil in place upgrade and a different rate on long term flow test, but IMO the shares are definitely undervalued on mcap at the moment. GLA.

[dudleym1975] 24/7/2017 19:09

Exactly red army seems to be wanting this to go down. Hoping to finish above 0.4 p end of this week

[jayrh] 24/7/2017 19:03

Red army we have 10% of something big very big so stop trying to put a dampner on it. What ever we have is worth far more than our mc of today.

[dudleym1975] 24/7/2017 18:43

Which calculations would that be then red army???

[red army] 24/7/2017 17:59

Having a 10% stake in HHDL is not the same as having a 10% stake in UKOG. Be aware that some calculations incorrect.

[ny boy] 24/7/2017 17:57

Good chart action, looks pretty positive, dips being bought, hopefully a great few weeks/months ahead. I doubt 1p this year but hope I am proved wrong! GLA

[sigora] 24/7/2017 16:35

3rd wave under way normally the largest one just hold and add

[113mike] 24/7/2017 16:32

Not me though..i've been buying :)

[daicaprice] 24/7/2017 15:54

Nice tight spread bit of buying into the bell and it'll tick up again.

DC

[dudleym1975] 24/7/2017 15:29

Still under and cheap have taken a few more today and good decision it was.

[dudleym1975] 24/7/2017 15:13

Ny boy the ones this morning just had to hold that all but they insisted on bailing thinking this was going down. Good day even if it finishes here. Of ukog get a major update it's sure to follow through here. Hence why there are some massive buys coming in which are delayed.

[ny boy] 24/7/2017 15:01

IGNORE the short term noise, buy & hold, this one is going up, many getting mugged each time it drops a bit, Classic bear trap. They will be kicking themselves when the share price is above 0.5p, just means a few will have to buy in at a higher price, if they want to be part of the action. Just thinking all those that sold UKOG at 1.5/2p!