This share will not improve until the Ukrainians have bought all the shares at rock bottom prices. Maybe then good news stories will be forth coming. Make sure you HOLD onto your shares and don't be tempted to sell out at these levels. This share is worth alot more than 15P. If we all HOLD maybe the BOD's tactics will have to change?
1 Oct '13
net cashflow (ops minus inv)
from substantial positive to negative this half year (that's cashflow from ops minus capex etc)...why? ...what value is this capex creating? ...why are we not rolling in dosh lol????? ...aaoo/dyor
26 Sep '13
Production for the first six months of the year averaged 199,984 m3/d of gas and 44 m3/d of condensate (1,525 boepd in aggregate) compared to average production of 214,470 m3/d of gas and 47 m3/d of condensate (1,636 boepd in aggregate) in the first half of 2012. Production from 1 July 2013 to 22 September 2013 averaged 181,357 m3/d of gas and 41 m3/d of condensate (1,388 boepd in aggregate). ... The MEX-105 well did not produce hydrocarbons on test and has undergone a well stimulation programme, which included hydraulic jet perforation, but this programme was unsuccessful, and accordingly the well is being assessed as a candidate for hydraulic fracturing.... n light of the results from these wells, new geophysical studies are being undertaken, which together with the results of future wells and the well stimulation programme, may cause the Group to consider revising the current field development plan, which in turn may result in a reduction in the carrying value of the Group's oil and gas development and producing assets in Ukraine.
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