i dont know why the mm's faf about with the sp level of rpo on these levels of trade !!!
24 Jun '15
June 1 Update
IMO the two key paragraphs as pasted below in "quotes" were: " The Group's average monthly oil production over the last two months has increased from 3,262 bopd in April to 5,325 bopd in May as the new wells have progressively come on stream, with production reaching 6,100 bopd at the end of May. The Group continues to evaluate and optimize these three wells and will report on their stabilized performance in due course. " " The Group has so far drawn down $28.2 mln of the $94.7 mln available pursuant to the development and working capital facilities provided by Bank Otkritie Financial Corporation ("Otkritie") as required to meet our ongoing programme requirements. An additional tranche of up to $50 mln will be available to the Group from the Otkritie development facility, upon the Group achieving the facility's cumulative production covenant for first half of 2015, which the Group is on track to achieve. Having received $22.5 mln in pre-export financing from Glencore during May, the Group's cash position at the end of May 2015 was $17 mln. " The first paragraph shows the figure of 10,000 barrels a day, mentioned so much in other posts back in 2013, is easily achievable. The second paragraph means that we are spending wisely and have plenty of cash still available. If it wasn't for the negative sentiment around Russian Oil this share would be easily double its current value, even allowing for brent at £64.8 per barrel.
17 Jun '15
RE: Magazine pic on FB caught my ey..
the girl on the train ??
17 Jun '15
Magazine pic on FB caught my eye
16 Jun '15
14 Jun '15
notice zac mirs is bullish on this with his charts,at these levels could be worth a punt,
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