The interims state ave price to mxp is $72.25 per barrel which equates to £44. Roughly works out to £80m per year. Then they have to service the debt and overheads. The.main problem however is the sentiment surrounding this company and the lack of a positive effect on the sp on any good news, its like the market knows that bad news is around the corner so won't let the price tick up. I've been here 2 years and although a lot of bad news there was also plenty of what I thought was positive news last year. IMO no value will be realised for shareholders. A change of most/all the bod would be the best thing for the company now.
There is no chance of sberbank letting them risk the company on the already failed deep drill..... Wake up the deeps are gone....... 5000 barrels per day x 1 year is 1825000. So in 5 years the 8mmbo of 2p reserves will be gone. I would of thought the market will price it in as they gradually get depleted. IMO
Seems some have not done their home work and have failed to understand how things work.I would love to see anyone try to short this stock even if they were in their right minds. Once MXP has straightened out it's cutting back stratagy it will then be looking for between 20 and 30 million dollars or at least access to that amount of money if it's going to go alone on NUR. Last time the moving salts were insurmountable no matter what was done to try and get through them.Experienced potential partners have seen the data and not accepted a deal that tends to indicate cos is too low so too high a risk of failure..MXp want to drill despite low cos if they don't they stand still and slowly drain resources most of which goes to supporting loan leaving nil for shareholders,if they drill and strike they will immediately start on the second deep,even so the initial production time is only 90 days and then licences for FFP takes in general up to five years.
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