Subsurface Investor

Independent investor and geologist focused on energy, oil & gas and other deep value equities.

[Investopod @BobInvest]

#MOL Brendan o Brien , COO of Molecule plc just spent £88,395 buying MOL.L at £2.13

[Subsurface Investor @Subsurface_EQ]

Easy to buy in to the hype with this stock given headline revenues. However, likely losing money on every order as postulated on the #VUL #MOL webinar and won’t be long before they return to the market for more cash as per the update today. Avoid #MPAL

[Subsurface Investor @Subsurface_EQ]

@Belcourtoi @BigGibUK They are losing £40 on every order

[Subsurface Investor @Subsurface_EQ]

@SharesMatt Hi Matt, yes I did - very pleased with progress to date and like the rebrand. Figures look a little muddy given ongoing restructure but the platform looks primed for growth in 2027. What were your thoughts? #VUL #MOL

[Subsurface Investor @Subsurface_EQ]

Bolstered stake in #VUL below 195p. Expecting details on rebrand and greater clarity on integration of the 3 (already) profitable acquisitions. Heavily held by IIs with a free float <20%. Given general illiquidity, this could move quickly if EBITDA comes in ahead of expectation.

[Subsurface Investor @Subsurface_EQ]

Initiated a position in #VUL today at 225p.
Bought below the initial listing price.
I'm attracted by the long-term growth opportunity in online pharmacy and believe the market may be underestimating the company's potential if management executes. 1/X

#UKStocks #Investing

[Subsurface Investor @Subsurface_EQ]

Pleased to see this come to fruition, albeit only blocks 3 & 4 have closed and block 9 is still awaited. Co making serious cash. I’m predicting a new asset in Iraq following completion of Oman. Target £5 #KIST

[Subsurface Investor @Subsurface_EQ]

The wait goes on for closure of the Oman deal which should send this comfortably into the £3s. Cash flows in excess of £2m per day at current prices, looks far too cheap. Company recently guided “Advanced M&A” with an eye on 40k bopd. #KIST #UKStocks #Oil

[Subsurface Investor @Subsurface_EQ]

Metrics of the backdated deal to be revealed upon completion of Block 9 (in H2). I expect final asset consideration to be far lower than current analyst forecasts ($120m in some cases), given the Jan 25 eff date. I’m predicting ~$80m owed. 10% of mcap balance sheet beat imo #KIST

[Subsurface Investor @Subsurface_EQ]

Oman royal decree for Kistos blocks 3 & 4 published. Amazing news for kist shareholders and look forward to seeing the metrics of the backdated deal (Jan 2025) likely in an RNS tomorrow morning. #KIST #UKStocks

[Subsurface Investor @Subsurface_EQ]

As expected, a large placement at 17p. 10.9% immediate share-count dilution on the base deal, potentially ~12.4% if the option is used, and up to ~18.6% additional shares on a fully exercised placing-warrant basis. #OMI

[Subsurface Investor @Subsurface_EQ]

Something very amateur feeling about the company comms and not a fan of the current financial position. Wide berth for now #OMI

[Subsurface Investor @Subsurface_EQ]

Oman royal decree for Kistos blocks 3 & 4 published. Amazing news for kist shareholders and look forward to seeing the metrics of the backdated deal (Jan 2025) likely in an RNS tomorrow morning. #KIST #UKStocks

[Daniel Pycroft @KistosPears]

#kist Oman Royal Decree published
Royal Decree 78/2026 Approving the Transfer Issued by Mitsui E&P Middle East B.V. of 20% of Its Rights and Obligations in the Petroleum Agreement Sign
Potential Kistos Oman relevance
https://t.co/SKAKyUZtRF

[Subsurface Investor @Subsurface_EQ]

The first Omani royal decrees have been published today (since June). This should mean final decree publication of the blocks (which already have ministerial approval) is imminent now the administrative period has commenced in Oman. Company maker for Kistos #KIST #UKStocks #AIM

[Subsurface Investor @Subsurface_EQ]

Something very amateur feeling about the company comms and not a fan of the current financial position. Wide berth for now #OMI

[Subsurface Investor @Subsurface_EQ]

I like the look of Orosur mining assets esp in the current gold price environment. However, I’m somewhat concerned with their cash runway (as with all junior miners who require perpetual cash raises). Is recent drawback possibly derisking on potential placing concerns? #OMI

[Subsurface Investor @Subsurface_EQ]

@patviera AIM is riddled with dodgy micro cap stocks. Can’t stress enough how important the management teams track record is. That’s why I like Kistos where the ceo has nearly 20% of the stock. Skin in the game!

[Subsurface Investor @Subsurface_EQ]

The wait goes on for closure of the Oman deal which should send this comfortably into the £3s. Cash flows in excess of £2m per day at current prices, looks far too cheap. Company recently guided “Advanced M&A” with an eye on 40k bopd. #KIST #UKStocks #Oil

[Baron Investments @baroninvestment]

#KIST still presenting a buying opportunity below £3. Maybe needs something more comprehensive written about it? Am seeing buybacks ever closer on the horizon!

[Subsurface Investor @Subsurface_EQ]

Pleasing to see Afentra on the move after success at Pacassa-SW, up some 23.5% since the RNS. Still very early days for this company which is making serious cash and I look forward to results of the lower risk Impala-2 well by year end. 10k bopd imminent. #AET #UKStocks #Oil

[Subsurface Investor @Subsurface_EQ]

Afentra #AET taking a long time with Pacassa SW which spudded around early April. I suspect testing is well underway given the multi purpose vessels that keep visiting the Borr Grid rig. Huge catalyst in terms of production and reserves if successful. Exciting. #UKStocks #Oil

[Subsurface Investor @Subsurface_EQ]

@baroninvestment Don’t tell everyone Baron!!

[Subsurface Investor @Subsurface_EQ]

Further to the success of Afentra this morning, attention turning nicely to Kistos where formal Oman completion is expected imminently. The cash generation is remarkable at current commodity prices. #KIST #AET #Oil #UKStocks

[Ian Croasdale @IanCroasdale]

#KIST

Pulling in $2m a day inc Oman (that is triple 2025 rev)

16000 bopd x $90/b
+
4000 boepd x $120/b

= $1.92m a day (runrate $700m a year)

2025 Revenue $213m

[Subsurface Investor @Subsurface_EQ]

If carlsberg did RNS…

Significant discovery at Pacassa-SW✅
Successful workover on Impassa-1 ✅
Positive survey at GPQ ✅
Rig on the move to Impassa-2 ✅

Should result in development of 70m barrels gross at Pacassa.

Massive for Afentra #AET #UKStocks

[Subsurface Investor @Subsurface_EQ]

Commodity prices mooning. Got oil and gas? There’s a whole lot more drama left in the Iran war saga yet #KIST #AET

[Subsurface Investor @Subsurface_EQ]

@BreakoutCV #AET #KIST