Moving us down to allow those buys to come in at 0.1p. Sneaky. Someone is definitely stake building (IMO). All these round figures coming through have got to amount to something substantial eventually...
Morning Troy2011 well done on your average I wish I was that low :( I am sitting at 0.005 but I hope with the Q1 results around the corner as Robsky reminded us all in his positive 12.09 post yesterday we should be on the way up :D.
Crude Oil-May 2017 $49.67 US Crude this morning $03.22 US Nat Gas this morning
I actually bought shares with Xo Or Jim (jarvis) about 4/5years ago, then I was paying 3.5p if I recall, checked my average today currently at 0.0015647. Never really posted on here I've been an online troll watching robsky and guidedogs posts. Keep up all the good work guys it's much appreciated especially by people like me who haven't got a clue. GL all LTH'S
Smidsy last year the Q1 ops update came on the 18 April
A reminder from March 16 and still waiting on the magnificent ten though currently have 14 being drilled / completed and 46 waiting on spud as of 14 March 17 so more going on than the CLR wells GLA
Q1 Highlights to 31 March 2016
•11 new wells commenced production - a further 11 at various stages of development •Total number of producing wells as at end of Q1 2016 stands at 167 – 46 uneconomic wells with little or no value were divested during the quarter for a nominal sum to free up accounting resources •Elected to participate in two new wells during Q1 2016 •Excellent initial production rates from two Chesapeake Energy operated wells in which Magnolia has a 1.86% net revenue interest (‘NRI’) producing from the Mississippi Lime formation in Oklahoma: •Gray 7-27-12 1H: 1,056 boepd (gross); 20 boepd (net) •Gray 7-27-12 2H: 952 boepd (gross); 18 boepd (net)
•10 well drilling programme alongside Continental Resources on-going, targeting gas in the prolific South-Central Oklahoma Oil Province (‘SCOOP’) play in Oklahoma, where an estimated total of 3.2 billion barrels of conventional oil have been recovered from 60 reservoirs •Activity currently taking place on all ten wells - either drilling, completing or logging operations •All are lower risk increased density wells to maximise the recovery of reserves in two sections on leases that are held by production
•Net daily production of 242 boepd as at the end of Q1 2016 compared to 309 boepd on 1 August 2015 – reflecting reduction in drilling activity over the period in response to volatile global oil and gas markets •31% reduction in corporate overheads and operating costs achieved as part of management's focus on realigning the business to the lower oil price environment
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