Sorry AJW, I’ll have to side with Hepseal on this. I think the 573 figure is from all fields save for wr16. Otherwise they would have given the production figures for those smaller wells too. Just my opinion, could be wrong though. In any case, the company is making progress, no need to bicker!!!!
Ah, hep, I think ur both saying the same thing just in different ways.
My reading is the 573boepd is average production from all of the fields save for wr16. The 573boepd also accounts for 95% of operating costs. So once 16 is back online our average production will be closer to 750 or more, and we will also be running a profit. Not many small caps oil/gas exploration firms can boast this.
Just done some reading on this. Apparently the whole GME fiasco and the short squeezing has led to brokers demanding more upfront capital from its clients. This is to avoid another situation like Robinhoods where they were unable to calculate its risks during the short squeeze. Having a higher margin means the risk is directly passed into the shareholders, rather than the brokers like IG.
RE: Early Gas Facility Production upgrades18 Feb 2021 09:32
Thanks for being our white knight, erazzel. Pretty arrogant to think the people here haven’t done their own research and we need you to save us. All shares carry risk, but do we need reminding from an embittered holder every two seconds, think not!
Skin in the game bedex. Well, zaza had plenty of skin in the game. But he took it all back with his embezzlement using companies in his sons name.
At least PH is more straight and narrow in comparison, whether or not he has skin in the game. PH made mistakes in the past over promising, but anyone following bloe will know his interviews and RNSs are more measured and realistic now. Detractors will always find a way to come up with negatives perspectives. To those ppl, get a life!
Few things I picked up listening to it briefly in the car:
- Developing new wells to link up to the remaining four outlets in the EPF -3D seismic has been fully interpreted -employees incredibly upbeat about bloe’s potential. Stephen James mentions that a few times -great potential from block 11 acquired from Schlumberger. Looking at development in patazuli.
I’m sure I’ve missed a few other golden nuggets from the interview but I was pleased listening to it.