You need to lay off the white stuff mate |
I think if you told actual investors, I’m invested in this really exciting oil play, one of the first question they would ask you, “how many shares are in issue?” You say “only 26 BILLION” immediately they would end the conversation and move on to talk to someone sensible. Where’s the Rig? Only rig I can see here is Rig or mortis 🤦🏻‍♀️ |
Nobody cares what you invest in lad. 'Not a ramp' shut up you muppet. |
Another big oil discovery off shore Namibia announced today |
Where’s the rig southway? Reminds me of VAST and the never ending missing bag of diamonds, supposedly worth a small fortune, story 🤔🤣
The only stock I have bought this year is (STX) yesterday at sub 3.5p having sold some yrs ago @38p. A spec buy but the results were somewhat encouraging, not a ramp, as I have tucked them away to see if they will yield a good return later next year.dyor |
HH you know precisely Jack all, please enlighten us why the share price is languishing at near all time lows, not forgetting a minor 26 BILLION SHARES IN ISSUE FFS 🤦🏻‍♀️ 🤡
Where’s the rig, more fibs 🤡🤥 |
Not long before the begging bowl comes out again ⬇️8201;🕳ᥧ9;🤦🏻♀ᥧ9;🤷🏿♀ᥧ9; |
A Trickle.. |
Strong buys coming in |
HUGE NEWS MORE CASH coming our way either 5% upto 25% from the cameroon government
«Upon Contractor’s submission of a development plan for an Exploitation Authorisation, the State shall notify Contractor within 60 days whether it is exercising its right to a paying participation in the development of a minimum of 5% and maximum of 25% share. The State will contribute its
participating share of all future costs excluding bonuses and training fees.»
Page 6 |
HUGE NEWS MORE CASH coming our way either 5% upto 25% from the cameroon government
«Upon Contractor’s submission of a development plan for an Exploitation Authorisation, the State shall notify Contractor within 60 days whether it is exercising its right to a paying participation in the development of a minimum of 5% and maximum of 25% share. The State will contribute its
participating share of all future costs excluding bonuses and training fees.»
Page 6 |
Mkt cap £8.65m
Current valuation
Cameroon
$15m / 42.5 x 100 x 57.5 net x fx 0.8 =
£16.2m
Namibia
$2.5m / 25 x 100 x (80-25=55%net) x Fx 0.8 =
£4.4m
Total £20.6m
Cash $4,375,000 x fx 0.8
£3.5m
Grand total £24.1m
Without anything for SA farm out , could be $5-10m net to TRP
or any oil across the multi billion bbl potential
Purely based on just the deal values net
So approvals re rate the shares to £24m mkt cap as then will then need to sort looking at some upside to the share price for the appraisal drill
Company internal NPV per bbl is $12per bbl , if we use a conservative $6per bbl
35mmbbls x 57.5 x $6 per bbl
$120.75m x fx 0.8
£96.60m mkt cap vs £8.65m today |
Did Any Of Southways Rigs Turn Up.. Total Lies.. |
Did any of ny/tanboy predictions of doom come true today ? Worthless opinion as ever from ny/tanboy |
another toy share for retail punters to gamble on, like gbp |
Lots of buying... |
Asia would make sense in all fairness. Can't get a bird so you've resorted to lady boys. |
Yes he's had a sad weekend |
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