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Correction $2.50 = £1.49
still got the 0.0265 trade in my head , one popped in but informed not a valid
increment , can happen , see trade flag AMND reprints on the real LSE daily
yep , it won't take a lot if its mostly flushed , Canada finished up 6.35% on just 21k shares
yesterday evening BUT was a noticeable change in trading pattern.
Seems like forever , their market has been the reverse of ours , while we have a bid as LB
would say getting dumped down and hammered by the wonga lenders.
Virtually all days over the pond , the action on the bid gathering shares as TD mostly
have been the listed buyers (they list which broker bought from which other broker)
have soaked up all they can get on the bid as low as they can.
To the point of anytime some one new arrives , like the day and 13 minutes next session
Haywood blitz out bidding all, TD on each occasion moved to join them higher to get
what they could still.
Yesterday , the action was mostly on the Ask and a 6.35% risse on just 21k
A few days after we went into suspension , they had 0.025 on the ask and many paid
with 105m shares traded, that now would be 1.05m shares and $2.65 = £1.58
Where can we go if the dumper clear , on say a 10-15m share day , with a herd and mostly
buyers in play ?
November the 18th 12.4m churned (forward selling) so that day will come , with the queue
of news flow , he has at his disposal , we as always , wait for that Regular flow. GLA
:))
We don't know that do we?
by the looks of it anything bought there is sell. I can buy £ 100k worth of this stock in 1 go for less than 10% premium!
Try that with any other stock you will end up paying at least 15% premium.
Noob, was usually on top of the table where it shows last production & date, had 110,000 odd on there the other day, now blank! Hoping it meant an imminent update but maybe not
Looks like it will take massive volume and great deal of good news to get this going.
You can tell there is massive sell order sitting being executed.
Sells are not bought into! its more like they are waiting for buy so that they can sell into!. CEO's reputation isn't helping either. Even the resident rampers on twitter given up on this.
Change of CEO and nice production RNS would be welcomed.
Just checked the site this morning and now not showing last months total production for Deep Flats & Cole Creek, does this mean they're in the process of updating and adding Novembers? Lets hope so
Shaa
that story been run a few times this past year, think it's run it's course with the Russians
and Nigeria joint announcement, for Russian investors to come to Nigeria's aid for both
Oil and Gas and Agriculture developments , with a side swipe of HELPING out on the
security front.
Lets see how brave , the thieves and rebels in the North are , when its's Russian troops
and Spetsnaz guarding the fields and pipelines etc lol
;))
One for HFB, Make or break for Nigeria.
https://oilprice.com/Energy/Crude-Oil/Adapt-Or-Die-Nigerias-Oil-Industry-Faces-A-Huge-Challenge.html
Regulatory News Announcement messages (RNA) pending to hit the rns news wire before
and during Santa's Sleigh give us a rally (not a slaying)
Dakota - Successfully completed and placed in to production
Nigeria - Update of some sort, PPL PIA option, extension , whatever
MF/Sha - Another nice rise and still exceeding expectations
Deeps - Perhaps , more initial analysis revealed Dakota/Frontier
TR1's - A real long term strategic INVESTOR enters (Arty pulled at a roadshow lol)
So a LOT, that could still happen and give us a boost , into what should be an exceptional 2022
:))
Agree with LB , doubt you will see your 17p , seemed some trading off , the other day when we
had the big 400k transfers , one at 18.5p and the other at 20p , time stamped 1 minute apart
and others that followed.
Seller made profits dumping higher and down forward selling , now prepared to slide below
placing price, 500K 15% fee upfront + profits higher and down, leaving X amount they are
prepared to shift but still want a price for, not to erode the million fee/profits, they want out
of the overall deal, as always , their own agenda and nothing to do with our success/failure.
:))
I asked whether you held and I remember when you posted that Bahriaheights, the SP was around 28p and you was waiting for it to go down to 17p so you could sell……….
Mind boggling.
Bahriaheights, thanks for the insightful breakdown. The likes of Tiburn could learn a lot from you. Another idiot filtered.
Just in time for Xmas Sale..Buy 1 get 1 free offer only with this share
And then the self harming begins?? Lol
Another 2 weeks before it reaches 17p
Sorry I meant the earliest we will see Dec prod will be early Feb via this spreadsheet (unless Art himself preempt a it via RNS)
Just read the 22nd Nov RNS again, definitely the case, that well was held at around 150 Bopd, about 4.5k per month, and when let go was largely responsible for the 700bopd increase. So say it did 500 of the 700 increase, would put it at 650bopd or 20k per month just on this single well. Question is will Art let the production run full speed in Dec? Given that the earliest we will get to hear about it is early Jan (via this spreadsheet) I’m guessing he will, as unlikely to affect CUDA price by then. Dec will be v.good (unless surface pressure massive issue) I think about 110k gross which is broadly in line with Tiburn’s estimate.
Don’t know how you do it Tilburn when most of us are close to chucking ourself off a cliff due to the decimation of the sp…
Hopefully the figures you have kindly calculated should be higher due to 85 percent ownership, not to mention the same figure retained on the deep discovery.
I’d love to put a chunk in to get my average down to mid 20s but not convinced our illustrious leader does not have one final kick in the nuts to deliver to ensure we stay in this range till bidding is done.
Looks like the share price is in the starting blocks waiting for the gun to go off
All you have to do now is sit on hands and wait
Hi Tiburn - LB and myself were coming up with similar numbers yesterday.
I've been looking at the spreadsheet today and it shows how important a relatively small group of wells are to overall production - I think these are the nine that Art said he could focus on in terms of Capex to get to 90% of maximum output.
Do you know if the MF can be similarly targetted or is that more a case of it acting similarly across all the BFU? If he can ramp these up (and do any surface works needed to deal with the very high pressures there still seems to be) then I think these numbers easily achievable.
Agree with your point about the horizontal, it went from 5.5k in Sept to 3.2k in Oct no doubt as the surface maintenance work was done - given the previous RNS that seemed to attribute 700bopd to it, this could be 20k gross for Dec just on this well!!
If anywhere near the same benefits could be made for some of the other 8 top producing wells we are talking a lot of oil! Though no doubt this is their top well, so other step changes will be smaller.
That spreadsheet more than any RNS so far has brought home to me that we are an active oil producing company with an incline curve asset and growing production.
The market activity and SP is bizarre and has no correlation to that steady flow of oil and cash into the coffers.
Year end bopd predictions good to see
2000 bopd from November 15th update:
"weekly fluctuating injection volumes oil production during this period dropped from the August peak to the current approximately 2,000 bbl./d (gross). "
Nov 22nd - due to one well having 700 bopd increase = 2700 bopd
Add Nov 22 - Dec 7th background MF growth = 3000 bopd
Add FD Dakota at c 200 bopd = 3200 bopd
Add MF background flow to end of December at c 300 bopd = 3500 bopd
We could have further excellent well results similar to the 700 bopd increase
Add CC production and further well recompletions could be c 400 bopd
Total year end = 3700-4000 bopd gross production estimate
Net 2300 bopd estimate by end Q4
Yes good find, it reaffirms previous calculations that the current SP is sitting at around a PE of 2, taking into account net backs and debt repayment, it is even today many folds under valued.
That does not take into account forward looking and production increasing on the existing BF/CC wells, the Deeps discovery coming on line, Nigeria coming to fruition. Which again should increase the MCAP many folds again.
So undervalued it is almost criminal and it will reward those that hold medium to long handsomely.
Sits on hands.
Tiburn’s post underlines that those holding and willing to wait will be rewarded.
Excellent stuff Tiburn.It may trigger AM into an ,RNS. No point in hiding it now
Morning Tiburn
Thanks very much for you post