Venture Life Share Discussion Threads

[big7ime] 26/7/2018 13:32

Yep, I am considering it

[panic investor] 26/7/2018 13:09

No but just taken a look - interesting especially as I hold ACSO if you get my drift

[big7ime] 26/7/2018 12:36

That GOodwin result bodes well for GTC

[big7ime] 26/7/2018 12:35

I know the feeling red 😂

[big7ime] 26/7/2018 12:34

Does anyone hold EKT?

[redartbmud] 26/7/2018 11:28

janeann

I have to digest Goodwin to get to a valuation.
I am in at an average of £20.9857, after my buy at £15.992!! First purchase was £34.49.
Might have got some under £20 early doors!!!!!

Had Rsw up to buy when they were down 37p but didn't execute, so not
sure that I would have got the price.

My buying on results has been patchy on success, hence my dithering.
The tintins don't always agree and you can easily get burned.

red

[janeann] 26/7/2018 11:18

but whats worth red - I am still about £7 per share under; fortunately only a very small stake tho.

and I added a few rsw this am!

[redartbmud] 26/7/2018 10:18

Goodwin has been a total disaster.
I happened to see the RNS as it was published.
I should have dropped focus on Rsw and bought immediately, based on dividend increase announcement. There was £3 per share, or more to be had.

Dimwit from Dudley:-(

red

[tewkesbury] 26/7/2018 10:16

Petro Matad (MATD)

Fully funded six well high impact drilling program in Mongolia, total prospective resources targeted 850 MMBO, ranging from near field E&A to basin opener potential:

1) Snow Leopard-1 well (Block V)
- Spudded 19 Jul 2018, 70 days max to complete, "results end Aug, early September".

a) 90 mmbo recoverable from two main target depths (20 mmbo + 70 mmbo) ("Snow Leopard has 2 main target sections with c.90MMbo recoverable potential [mid case])"; plus

b) There could be oil in the shallow turbidite deposits opening up an extra 200+ mmbo play even before they hit the deeper levels. ("If shallow turbidite concept is proven then a large (200+ MMbo) combination trap play opens").

c) Additionally, there are "3 or more additional stacked pay zones identified as potential upside."

There are also 13 or 14 prospects/leads of up to 500 - 600 mmbo recoverable within 35 km of Snow Leopard 1 on their acreage. ("Success de-risks 14 prospects/leads with resource potential of c.500MMbo").

Slide 26: First Well 2018: Snow Leopard Prospect, Block V


2) Wild Horse-1 (Block IV)
- Spud Sep 2018, "results late Oct, early Nov".
- Targeting 480 MMBO.
- Named by Wood Mackenzie as in top 20 exploration wells worldwide to watch in 2018.

3) Block XX
- Near field Gazelle prospect targeting 13MMbo & rapid commercialization.
- Spud late Sep 2018, complete Oct 2018 (3 weeks).

- New Red Deer prospect, 48MMbo in a basin analogous to nearby producing basins in Mongolia + northern China, within easy reach of existing infrastructure.
- Spud late Oct 2019, complete Nov 2018 (3 weeks).

4) Fox-1 (Block V)
- Spud early Q2 2019.
- Mean prospective resource 200 MMBO. High-quality 3D seismic late 2017.

5) Fully funded
- Oversubscribed placing in Jun 2018 provided final tranche of funding for all six wells above and management participated in placing.

- Country already produces 21,000 BOPD (2017) from fields close to Chinese border, including from Blocks XIX + XXI adjacent to Petro Matad’s Block XX. Very attractive fiscal terms).

Preentation 26/3/2018:


Interview 30/1/2018:

[redartbmud] 26/7/2018 10:11

Rsw share price gyrations today have been crazy.

red

[redartbmud] 26/7/2018 10:11

Agreed
Agreed
Agreed
.

red

[apad] 26/7/2018 10:01

RSW
Upbeat tone on AM machines sounds good.
apad

[apad] 26/7/2018 10:01

RSW
Upbeat tone on AM machines sounds good.
apad

[apad] 26/7/2018 10:01

RSW
Upbeat tone on AM machines sounds good.
apad

[modform] 26/7/2018 09:26

VLTY, another Israeli company with almost no corporate governance destroying share holders value, why people buy into these companies as investment is beyond me

[redartbmud] 26/7/2018 09:14

Hydrus

Yes indeed. Attended last 2 AGM's.
They were obviously working hard to re-position the business.
The hard work is beginning to pay off.

red

[hydrus] 26/7/2018 08:54

Blimey Goodwin I remember them from years back. Surviving ok it seems.

[redartbmud] 26/7/2018 08:32

Goodwin has finally come out of the doldrums:

We are pleased to report a 44% increase in pre-tax profits to £13.30 million (2017: £9.24 million) on revenues of £125 million (2017: £132 million). The Directors propose an increased dividend of 83.473p (2017: 42.348p) for the reasons outlined under the heading 'Changes to Dividend Policy' in the text below.

Justified holding on for the long term.

red

[redartbmud] 26/7/2018 08:29

APAD

Picked up wrong guidance for Rsw:
They had revised to
Revenue £575m to £605m
Profit £127m to £147m.

So in line on profits

Oops

red

[redartbmud] 26/7/2018 07:58

Registered.

red

[apad] 26/7/2018 07:51

RSW presentation 09:15.
Well pleased with the results!
apad😎