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Your a one Ajw. Not surprised you didn’t pull up Thordon error on his cost to market of $11 per barrel of oil because it doesn’t suit your agenda. Checking back it’s $9 to transport store, separate and dispose of the water so I’m $2 out compared to $22 out
Anyway I think your their main promoter so you wouldn’t pick up on anyone who is ramping knowingly or not
I think you was suggesting this was a buy last year at 17p and end of June you was saying we are producing 675 barrel more per day than we needed to break even. Oops that’s right the company forgot to tell us that well 16 was shut in with leakage problems and a 73% water cut. Of course they were not deceiving us.
Re schlumberger they were getting out wether we did a deal or not so yes plus plus for them and maybe for us.
What we need is a update on the current site because we don’t want a repeat of 16 last year were they wrongly kept it under wraps
Thordon I’ve been following Totally for a while. Constantly successful on contract so can’t understand why their mid cap is so low
Cautious11
No problem , have a good night
You do wind me up sometimes but welcome all views
For the all still cheap Totally PLC "NHS work"
My wife's an Ex sister in Intensive care nurse and this share will go through the roof ; read my blogs and you get to know where they are.
Netcall is another , but a small outsider to go mad due the virus
Cheers Thordon Wentworth seem fairly consistent and regular updates and a good divi
Water extraction not a problem its stored and water is heaver then oil , drain the water at the bottom and you have oil left in your tanker. Permit been granted for the water to be injected into a old well .
Which problem benefits GOC which increases the pressure in the ground to recover more oil.
Simple as that , been done in UK for past 30 Years.
The oil is a small bonus and if the price is too low than it can be stored until price picks up.
With the new acquisition we have more storage to hold the oil.
Gas Gas Gas is all this company's about
Its why Invested in Wentworth Res , Debt free January and now paying dividends and going to be a massive year in free cash flow.
V111jas read on buddy. I don’t wear rose tinted glasses. See it as it is
Thordon. Ya not $2 dollars out you $20 plus dollars out. It’s over $30 dollars per bopd cost. If you check the Rns on the 25th sept we had 9000bopd and it’s states we will make $300,000 about $33 per barrel when the price of oil was at $65 barrel. Sorry I thought you knew that and was trying to pull the wool over Apologies. Currently loss making and the cost of water extraction might be on top of that, not 100% sure
Yes the gas if and when is massively important. I just wish we got an update
Read the 25th July Rns which shows how deceitful they can be, that’s why I’m very wary of PH
Cautious : You need to read Thordon `s post at 13.23 , and do a little more research into Block Energy .
You might even want to consider making a serious investment here .
( ~~~ probably not .)
Bloody Hell Cautious11
Can you not read said around $11 and blast me for being $2 over the actual price to extract the oil and transport makes no sense , if you included management cost ( admin ) then that probably the true figure of $11.
You bounce and try to pick up on anything negative as if your paid to do so , if not then just a bad arse who sits behind a computer drinking cola cola and takeaways whilst your dad supports your living allowance.
There a few here that know there stuff and im not one of them , but know how govenments work in utilities and specialise in permits ; wayleaves ; electricity.
Hence why ask the question that the gas pipe connection will take at least 3 months and the other question to connect the gas mains to the new acquired stake stated that it was 29.3km to run a gas main and how much had been achieved last year.
Main Gas depending on pressure has to be laid at least 1.5 Metres deep
Ajw. I notice you didn’t want to put thordon right even though he was miles out at an overall cost of $11 dollars a barrel. And I notice you haven’t mentioned the cost for oil to market for Bloe which is more than the current sell price by quite a percentage. Yes oil will go back up in a few months once the surplus is disposed of and the price war is sorted.
I noticed PH didn’t mention how high the water cut was on the 245bopd they have inherited from schlumberger . Would be interesting to know if they did anything different
Thordon I think your calculator is playing up. Have another go and be realistic. It’s costing $11
just to dispose of the water per barrel. People do conveniently forget when it doesn’t suit
What we are desperate for is an update on the current site. Another Monday coming up and I’m sure they’ll bother making the effort on one of those in the next 3 months
Block Energy is all about the gas ; also they have a set price signed lasting into 2022
The oil recovered is a side line to the bossiness and cost recovery at around $11 a barrel ; so still makes a profit
Yep well undervalued here...depressed Oil price keeping a lid on things but that will blow off soon enough. Many here will kick themselves for not getting in at this level come the summertime IMHO.
After taking the time to have a closer look I think I will be topping up again Monday
Sitting well below all the moving averages, MA 50 = 3.67p MA 100 = 4.34p and lastly MA 200 = 6.12p
Plenty of gas in the oversold RSI to get us back to previous those levels before venturing back to those upper targets
The chart beyond minor resistance at 4.24p I have upper targets of 7.9p then 14p