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Just for fun,.....my s/p prediction is;-
Double figures by July 2019, (short term, as I can think on CERP).
BW
Fishsheds I do love your positive take on Columbus and the shares .Are you actually invested or are you shorting and de ramping for the hell of it
That’s your opinion and I’m happy for you to hold that option, Let’s see what they can get out of Bonasse first! :) “CALGARY, Alberta--(BUSINESS WIRE)--March 31, 1998-- Trans-Dominion Energy Corp. (TSE:TDE) has commenced continuous production and oil sales from the three wells drilled in the Bonasse Field on the Cedros Peninsula of S.W. Trinidad. The 26 degree API oil is being transported by road tanker at the rate of around *bopd to the tank farm, operated by Petrotrin, at Point Fortin. Trans-Dominion expects this rate to increase to over *bopd by the end of April. BONASSE WELLS PRODUCING FROM ONE, OF SEVERAL, PAY INTERVALS At present, a 2-D seismic program is being carried out which should provide locations for up to 15 more production wells to be drilled later in the year. In addition, logs from the Bonasse-2 well revealed an oil-filled sand with a net pay thickness of around 70 ft. at a depth of 600 ft.”
Garnhiem.
Sounds like a job for the LIND facility!
As you are referring to a financial figure, would the “Year” be starting from April 2019 and ending April 2020? Approx 1150bopd with a 5% discount on current oil price. SWP/Bonasse there’s no need to apply a discount as CERP would receive the full market price! Baseline production with the steeldrum deal ~750bopd.. looking at an average increase across 6 fields of ~41bopd to reach 1000bopd.. We know Icacos is able to produce an average of 35bopd from 3 wells that used to be maintained and there’s more wells to be potentially reactivated, snowcap1’s long term test of 100+bopd (awaiting production licence for Cory Moruga), recent peak Goudron production of 648bopd, with new pumps being installed it should provide better consistency and improvements. Potentially reactivatiing and optimising more wells in Cory Moruga, Trinity Inniss, South Erin as well as Bonasse. Waterflood trials have yet to contribute to production figures, times scales should reduce with additional water availability!
Joebop - I don't often agree with you, but you still get 2pts for referencing 'price of chesse'. ;)
Neon, that was a lovely statement, but nothing to do with the price of cheese, or what we were debating even.
Which was 25million revenue next year.
growth*
joebop
Calm down mate! Do you have any experience on managing a O&G company? I don't but know people who have managed. So If you do have then you MUST know what it means when you buy a producing company for less than $1 per barrel. It is a big thing. Leo has done it with Steeldrum. With the other fields coming back online, I can see material production increase on our way to Xmas and real grown with SWP drilling campaign.
GL
Joeknob, so far everything they predicted has happened knob, everything you knobs predict should be posted on toilet paper! Not sure you have the mental capacity to understand where I am going with that
3.75p
Argue the statement...that is if you have the mental capacity for it.
Hi joeknob, worried we are gaining more positive posters are we? Watch out for next weeks big M&A RNS game changer
And what revenue are VSA claiming for next year neon?
Just goes to show they're living in fantasy ramp land.
Now, there is a small possibility of Leo doing some acquisitions to get production up, but he will have to dilute the absolute bollix of this to get to those numbers. Double or treble shares in issue scenario. Which brings that 25p down to about 9p.
..... a tidy sum :)
1/3 of today's price....divided by 25....plus 80%...multiply by 75....=???
Petersalkeld - if Rossa's deramping based on fake news is accepted on this board aspirational posts should also be appropriately appreciated!
It’s more speculation mate. I’m speculating the SP based on the oil exploration programs which are due H1 next year. Ramping would be claiming 80p 90p next year without giving any reason for that. And deramping would be something that LieLadyLie aka LayladyLady does!
VSA is claiming 25p next year remember?
GL anyway
Welcome aboard neon :)
Neon - I think that's called ramping
Any update on SWP drilling will get it past 10p and will see sharp re-rate upwards once the drilling get started. IMHO the SP will cross 20p in a flash if we hit oil in SWP!
1000bopd.. SP will take care of itself in due course
6.95p :)
4.8 - 5.2p
3.2p