SP Angel’s David Mirzai calculates a US$10m risked net asset valuation for #BUCE.
His model uses a 10% discounted cash flow, based on current production of 135 bopd and a projected production increase towards 200 bopd by year-end.
🎥 @StockBoxMedia
50% production growth, fixed costs, far greater cash flow.
SP Angel's David Mirzai on #BUCE's Texas operating leverage, with 200 bopd targeted by year end via the Fouke waterflood (subject to approvals).
@StockBoxMedia
SP Angel maintains its 0.05p target price for #BUCE, with c.US$10m risked NPV10 for its Texas assets.
David Mirzai discusses how the Fouke waterflood could boost cash flow plus additional upside from European gas expansion.
🎥 @StockBoxMedia
#BUCE Renowned geologist Roberto Bencini says Buccaneer is narrowing Europe’s gas opportunities to projects large enough to move the needle and easier to develop.
🔹The priority is a clear route from licence to development
🎥 @smallcappixuk
“Company maker” is the key theme.
Renowned geologist Roberto Bencini says #BUCE’s European gas opportunities could be transformational & the plan to bring in development partners will prevent dilution
🎥 @smallcappixuk
🎥 #BUCE Renowned geologist Roberto Bencini tells @smallcappixuk the European gas strategy is targeting material “company maker” projects.
Europe has the resources, market demand and favourable conditions, while approach is to move quickly and bring in partners where needed.
#BUCE highlighted by @advfn as SP Angel reiterates BUY & 0.05p TP
The note points to Europe’s gas price premium & improving regulation as Buccaneer progresses up to 3 onshore gas projects with 250 Bcf P50 and c.US$500m NPV10 potential.
uk.advfn.com/market-news/art…
#BUCE SP Angel reiterates BUY and 0.05p TP as Buccaneer expands into European onshore gas.
The note points to gas over US$27/mmBtu, improving regulation and three projects being progressed with 250bcf P50 / US$500m NPV10 potential.
📰 Read here: spangel.co.uk/research/
#BUCE’s European gas strategy targets scale
300 opportunities screened to a shortlist, led by Roberto Bencini’s team.
Plan: secure acreage, advance technical work and bring in partner capital behind a c.US$500m NPV10 target portfolio.
irtools.co.uk/19/story/d901a…
European gas prices have hit 3½-year highs.
Europe offers higher gas pricing, energy security demand and larger-scale onshore opportunities.
Target portfolio NPV10: ~US$500m.
ua.news/en/energetika/tsini-…
#BUCE is targeting a European onshore gas portfolio with c.US$500m NPV10 potential.
Bloomberg reports Europe still needs >100 TWh of gas to reach even 75% storage before winter.
Scarcity is the opening. Buccaneer is targeting scale.
luxtimes.lu/europeanunion/eu…
#BUCE CEO Paul says Europe offers the scale Texas alone would take longer to deliver.
With gas supply tight and domestic production back in focus, Buccaneer is targeting a low-cost entry projects with c.US$500m NPV10 potential.
🎥 @smallcappixuk
EU gas storage is 65.6% full, the lowest seasonal level on record, @FT reports.
The opportunity #BUCE is targeting is a European onshore gas portfolio with 250 BCF P50 and c.US$500m NPV10 potential.
ft.com/content/5e9db3c2-70c0…
#BUCE European gas strategy: secure acreage, advance the technical work, then bring in partner capital to accelerate.
With winter demand approaching and Europe's gas supply picture tightening further, the timing looks compelling.
Target Portfolio NPV10: cUS$500m.
#BUCE Carlisle-1 is close to payout
CEO Paul says Fouke-area operating costs are just US$3–5/bbl, supporting strong netbacks.
He also highlights the Fouke waterflood, expected to double reserves produced on primary recovery.
🎥 @smallcappixuk
#BUCE Policy change, stronger gas prices and better subsurface technology have reopened opportunities in Europe that were off-limits for10 years.
CEO Paul says this gives Buccaneer an early route to add the scale needed to become a mid-tier producer.
🎥@smallcappixuk
📽️How could #BUCE fund European gas?
CEO Paul tells @smallcappixuk the plan is to secure acreage, advance technical work, then farm down to bring in partners’ capital.
With target portfolio NPV10 of ~US$500m, even retained exposure could be meaningful.
youtube.com/watch?v=zdFvYONR…



