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Yes, Ray. I can't remember at what price, but I think considerably lower than 2p, and certainly below 1p, but I remember reports of the numbers of tankers sighted and one poster celebrating about 800 bopd. I responded that when an RNS announces 800 bopd, then we can celebrate.
There has been no RNS since.
I've never come across a company like this, that won't even say how much it is producing.
I can imagine SS quoting ,we cannot subscribe to a share consolidation..say 100 to 1 reduction,as this would be a false indication to share holders. (Or similar). Tbh.. that's the only way they might get new investors. Most would be spooked by the billions in circulation. Then rinse and repeat. Still invested here, but also excited by my other purchase.
Swizzy Abbott it depends how you read it....perfect English...maybe a above your level of understanding....anyway, while on the subject of education, what about your mathmatical equations....laughing "what" off?
Wouldn't really matter, Was. I only post in English. If you don't speak English, it doesn't matter if you've filtered me or not. :D "Skwizz was, and is again back, on filter" Sure. LMAO! You're making this too easy for me.
Ozzy52, no, as I wrote, Skwizz was, and is again back, on filter so I was oblivious to whatever shinannigans he/she was indulging in, although not really surprised if true; self confessed geniuses come in many guises. Stay Safe.
Before I began posting, nobody could have known anything about me or what I (personally) had been doing. The comments I read were general but happened to be about a practice I had been using. I disagreed with them on that basis and chose to explain.
"Just unfiltered Skwizz for a short while" Yah, sure ya did. ROFL!
Just unfiltered Skwizz for a short while (no 6 of around 80) for a short, very short, while. I now refer to his post of 15.16. in which he/she claims 'I BEGAN posting as there were some people here saying what I have done was not possible and a bad idea'. As a point of order, it would be of some interest if Skwizz could clarify how, before he/she commenced posting, 'some people here' had knowledge of, thus able to claim that, 'what (he/she) I have done was not possible'. Merely a passing inquiry to which the clarification, if any unless extremely prompt, I am unlikely to ever know as he/she is going back on filter. Stay Safe and At Home if you can.
The important word you fail to acknowledge in your calculation is 'initially'.
Just suppose it starts at 250bopd and halves in 6 months, and halves again in the next 6 months and continues to decline.
Let's suppose half the wells drilled need sidetracking or fail. Lets suppose anything you like because UKOG fail to give any indication of what's likely - which could just be earning enough for the next well and little 'profit'.
Unlike a wildcat Basur / Resan is along strike along the same anticline to the E Sadak field, targeting the same reservoir.
Whilst UKOG is silent it's probable that E Sadak with about 6 producers is not producing significantly more than your 400bopd from a single well.
The question is would UKOG tell how much they expect from Basur-3 if it was about 400bopd initially in production - in fact why haven't they given any indication with such a good analogue so close by, operated by AME?
It may be nice to dream, and certain posters depend on it - but facts would surely be better.
Maybe no financial debt - but it does have commitments which it may not have the cash to cover, and plans for 3 wells in the UK (at twice the cost of Turkey wells) and possibly first of all a workover of HH-2z which will require at least a CT unit, or a workover rig - which will be a test of injection in a well planned for production
Swizzy. Please explain how anyone could have known about your exploits BEFORE you had started posting.....and while we are on the subject who cares anyway.....I've got a share tip for you......R R....don't sell to early though, you might regret it
Lol, Thx Qwerty. Yep, but I bought half back and put the rest into SMT. Ah well. Win some lose some. Heheheh.
Wiz'. Posting since 19th Jun 2019, but reader for longer. I began posting because there were some people here saying what I'd done was not possible and a very bad idea. I agree it's risky as it's not how I do most of my investing. But I posted only to comment that it's not pointless and provide impartial visibility for those who had asked about it, not those who wish to invest in their own blinkered way and remain closed to other ideas. Similarly with my reply to Stocky earlier. I'm happy for anyone and everyone else to invest however they wish. It doesn't bother me one way or another. But I do enjoy the general entertainment provided by many foolish posts I have had the pleasure of reading in here. I think of some of them as 'Savers', like yourself. :)
Wasred hi, anyone's allowed to post as.much as they want....but it's meant to be truthful....and not repetative.....but it's the Dianne Abbott School of Economics maths that gets me.....a totally deluded, attention seeking fantacicist......Walter Mitty par excellence......you stay safe also.......Had the first jab.....all ok
Ozzy52, skwizz appeared around 18 months ago and immediately commenced a diatribe of what he, had done, was doing, and/or was about to do as if every one not only wanted to know but should want to know. Within very few months he had made more posts than many, if not most, had in years. I am pleased to say I must have been one of the first to press to magic disappearing button / filter. I note that he is still, for the last 30 days, averaging 4 posts a day. Boundless egoist???. Stay Safe.