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Sorry I forgot to attach a link.
Cost between 8k and 45k a day.
https://www.scmdaleel.com/category/onshore-rigs/15
Penny, it doesn't cost 500k a day for a mobile onshore rig, and I did say towards it.
Anyway the Oyster project could well be sold on.
It's a great asset to acquire anyway from what could of been a total loss.
£500k is still an asset waiting to be used on a asset and not working capital.
You say what you like I'm waiting on other fund's to clear, to add to my enlarged holding.
Deltalo - if gun put in £500k then Northbay imo will need to be putting in £1 mill to keep their %
The 500k would be great to use either to buy a bigger share in Oyster or use it towards future drilling.
If you go into Oysters listing OY on the TSX it shows you the history and progress they've made.
Looks like its going blue
Great value to be in gun
Gl
- on the other side before I held I observed and this was constantly bashed when it was 0.022p and it went up more than 3 fold.
And one of the ones bashing it claimed to have sold in the 6's- which is slightly odd as he was bashing it at 0.02p.
Hence filter button. I will keep my shares here :-)
GL
Filter then it's easy instead of talking crap constantly, keeping on about it's undervalued etc etc etc, you all get very boring, every day it's going backwards in price, was still being ramped up and undervalued at 0.07 but where is this stock now? Less than half that. Comedians.
Woodlaker- I find the filter button useful. No point arguing with them. Its a good sign though that they are all here.
Watch when it goes quiet for a few days. That's when they have all bought in again.
Agree.... Only one reason people are on here talking it down. And we all know why that is. If you don't like the share, move on. Simple.
Its an undervalued stock with great potential. The next rns to tell us how they will proceed with the oyster asset could blow this sp to pieces. Im looking for 0.2 minimum. Fact people are bashing this stock is a great sign - they want your shares cheap. Dont give them the satisifaction. We are effectively valued at cash now. And sp is lower than placing of 0.037. When this moves it moves. Buy and hold now. Not a one trick pony
….a few hundred million is huge.....a few billion is crazy
That's the oil in place - take a read of their last presentation - and look at the recovery factors around 30% - they give 1.7B and 1.3b reco oil - not 10 b - either way the NOPV is huge - they gave it $13b on a 100% wi based on $70boe
3 min 50 in
Potentially 10s of billions of barrels
https://www.proactiveinvestors.co.uk/companies/stocktube/8479/oyster-boss-opens-up-about-world-class-potential-of-its-djibouti-and-madagascar-assets-8479.html
WOW !! Even a measly 3 Billion Barrels @ 54 Dollars a Barrel. Think i'll fetch the calculator (-;
GLA
On the proactive it has been mentioned 10’s of billions not that it makes a difference anyway
Eyeguy, get your facts right, 10B boe is the oil in place not the recovery amount figure - if you did your calcs correctly is't nearer 3BBoe recoverable
Stretchum- GUN get circa a third of oyster assets which include Madagascar block 1101.
Afren have drilled it and found a petroleum system and described it as world class. Target 10 billion barrels.
This is why this BB has the most deramping I have seen for a long time.
No surprise at all.
And it’s not because the assets are shit is it.
That oyster subco will reverse into gun?