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Mx Oil Share Chat (MXO)



Share Price: 0.05Bid: 0.04Ask: 0.06Change: 0.00 (0.00%)No Movement on Mx Oil
Spread: 0.02Spread as %: 50.00%Open: 0.05High: 0.05Low: 0.05Yesterday’s Close: 0.05


Share Discussion for Mx Oil




View all MXO Messages

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Posts per page:

kentan
Posts: 491
Opinion:No Opinion
Price:0.06
RE: Uplift
19 Mar '19
Strange that crude oil tanker Karvounis is still showing the last position as of Friday 15th March, being near Front Puffin awaiting orders ... whereas FP does not show it as being nearby 35 minutes ago.... has Karvounis deliberately turned the GPS off to keep us guessing on the destination for the cargo?
Typical of what we have come to expect with MXO ... it is all secrecy, intrigue and smoke and mirrors.
Where is our oil please?
 
kentan
Posts: 491
Opinion:Hold
Price:0.06
RE: Uplift
15 Mar '19
Uplift completed. Destination not advised, awaiting orders.
Crude Oil Tanker "Karvounis" departed 20:27 Local Time 14/03/2019 with a draught of 11.2m (8.8m when arrived), same as last November.
Perhaps (being too optimistic) we will get an interim report for Q1 in early April, but don't bank on it.
JimPrice
Posts: 1,584
Opinion:No Opinion
Price:0.06
RE: Uplift
14 Mar '19
40,000 barrels to Panoro which makes 16406 net to MXO. At a price of $66 that makes £1.08m in revenue which I reckon will be consumed in historical payables for AJE + admin expenses. The company needs to be transparent surrounding what is outstanding to the JV and give a clear guideline to profitability. The market will remain on the fence until it knows that the days of mass scale dilution is over.
kentan
Posts: 491
Opinion:Hold
Price:0.06
RE: Uplift
13 Mar '19
The rising oil rice is of interest to the ongoing uplift from FP....
In the past, the price realised was an average of the 5 days prior to the uplift ... so with around $67.66 today for Brent Crude and down to $65.74 on 8th March (5 days ago) that makes for an average of around $66.70 which gives plenty of profit over the Capex.
JimPrice
Posts: 1,584
Opinion:No Opinion
Price:0.06
RE: Uplift
13 Mar '19
Oslo, 11 March 2019 - Panoro Energy ASA (the “Company” or “Panoro” with OSE ticker: “PEN”) is pleased to provide an update on lifting operations in Tunisia.

The first cargo of approximately 151,000 barrels of Rhemoura blend crude oil has been lifted from La Skhirra Terminal in Tunisia on 6 March 2019. The lifting operations were completed successfully and without any delays or incidents. The pricing for this cargo was based on Rhemoura blend which is at a modest discount to Dated Brent in line with the differentials achieved in the recent past. Panoro’s net participation in this lifting is 60%.

In addition, approximately 40,000 barrels of crude oil, net to Panoro, is expected to be lifted from the Aje field, offshore Nigeria, in March 2019.
JHolder
Posts: 984
Opinion:No Opinion
Price:0.06
RE: Uplift
13 Mar '19
Good stuff Kentan
kentan
Posts: 491
Opinion:No Opinion
Price:0.06
RE: Uplift
13 Mar '19
Crude Oil Tanker "Karvounis" is standing off Front Puffin waiting to connect up for an off-load. ... will monitor and report progress.
London74
Posts: 1,568
Opinion:No Opinion
Price:0.06
RE: Uplift
12 Mar '19
JHOlder ... this share was at 1.15 about this time 2 years ago. Look where it is now.
What exactly do we have to lift us out of this misery?

With that low value it cant survive for long
JHolder
Posts: 984
Opinion:No Opinion
Price:0.06
RE: Uplift
12 Mar '19
What nonsense London74!
As disappointing as this share is that won’t happen.
London74
Posts: 1,568
Opinion:No Opinion
Price:0.06
RE: Uplift
12 Mar '19
Look where this is going ... certainly nothing to uplift.
By Easter you wont find this one listed anymore.
mcco
Posts: 410
Opinion:Hold
Price:0.06
Uplift
12 Mar '19
In the RNS of 44 February we were advised that the next uplift was to be expected in the last week of February.
It’s now the second week of March
Did the uplift happen and if so what volume?




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