Okay didn't realise they were being that specific. They seemed to imply the only reason they couldn't give the info in a Q&A was because the Nomad told them it had to be in an official RNS. We have just had an official RNS that included a section entitled "Operations - Trinidad". Not sure why it couldn't be included there. It seemed a good enough opportunity to me.
When we took over Range, we owed £1.1 trillion and our net migration was nearly 200,000. Due to the sterling performance of the new board we have been able to place the troublesome and creaking NHS into private ownership and we now only owe £1.5 trillion and net migration in last published year (to Sept 14) was only 298,000.
So we are not hitting our targets that we set ourselves with some style and panache. What is not to be confident about? Our huge delayed donation from the EU ($60,000) is now due within a couple of weeks and that will enable us to continue to grow your investment. Vote for David (and Nick).
Sounds like a worst case scenario. You are probably right in saying that costs will soak up the funding, but it depends how well this funding's put to use as to whether or not they can create a more viable plan quickly enough which will improve performance and cash flow. Dilution? Typical Range ploy but not for a while until the funding has begun to be whittled away into things like 'costs' such as Admin, normal running costs and of course 'internal IOU's' not forgetting 'wages' assuming they can find a big enough Jiffy Bag EACH. Make that a Bin Liner.
Oil companies are treating lower prices as an opportunity to trim costs - and thus lower their production costs. They are finding these savings in rig rates, the cost of equipment, well completions and other oil services.
Almost all countries can still economically produce oil at $15 a barrel, according to a new IMF and Rystard Energy Study. Only Canada/Australia with costs of $20 a barrel, Brazil at $30 a barrel and the UK at $40 a barrel needed higher prices, added the study.
Q31. What is the all-in cost of a barrel of oil in dollar terms for each barrel produced? What is the current bopd required to "break even"?
As advised by the Company’s Nominated Adviser, such information is considered price sensitive and should only be disclosed in an announcement. The Company will disclose this information in the next operational update.
If it trades again there will be such a stampede to get out we will be able to buy 5 shares for every 1p spent I bet. The figures say RRL are losing at the rate of 10m$ p.a at least. Break even is up to about 1500 to 2000 bopd. Even if waterflood starts an improvement it will be too late. LO will soak up the loan in the operating costs and there will be further dilution. A miracle is needed at St Marys. Pray for us all.
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