Member Info for Anth72

I thought exactly the same thing when I read the last paragraph, and here it is in full:

With an independently evaluated large, liquids-rich, gas condensate discovery, a completed screening development study, positive internal project economics and a clear appraisal strategy, we re-engaged with the industry to secure partners. We believe that we have a strong proposition to offer and have been pleased by the level of interest. Brent crude has stayed consistently over $65 per barrel for a large part of the year and this has had a positive impact. The rebound in oil price and a more stable industry environment has resulted in more companies prepared to consider a conventional offshore opportunity to help rebuild their portfolios. The farm-out process is active. Our data room is open and will continue to be open for a while yet. At the start of the year our outlook was optimistic and this continues to be the case.

I barely know were to begin with this, but here goes:

- We believe that we have a strong proposition to offer and have been pleased by the level of interest. SAYS IT ALL REALLY !!!
- Brent crude has stayed consistently over $65 per barrel for a large part of the year and this has had a positive impact. OIL IS NOW OVER $81pb, and it’s heading north. I CAN SEE $90 BY THE END OF NOV.
- The farm-out process is active. THIS COULD EASILY MEAN THAT ADVANCED TALKS ARE ALREADY UNDERWAY. AT THE VERY LEAST SOMETHING IS HAPPENING.
- Our data room is open and will continue to be open for a while yet. I PARTICULARLY LIKE THIS PART, IT TELLS ME THE DOOR IS STILL OPEN FOR NOW, BUT IF YIUR NOT FAST, YOU'RE LAST !!!

Oil is rocketing toward $90, and from there I expect we will see $100 in the first half of 2019.
Condensate is essential for aviation fuel, as well as low sulphur fuels that are required fir shipping come 2020. Not to mention petrol, diesel & petrochemicals.
We have a huge discovery and no debt.

The current sp is comical and personally speaking I’m happy to wait as long as it takes to see my investment bear fruit... Although I don’t think it’ll be much longer. Happy days :)

You’re exactly right Phil. I expect it’s going to be business as usual, but I’ll be reading the report very carefully and hoping for any progress on our farm in.
ATB

I never gave it any thought but this article shows that we must be on the target list for aviation fuel:
https://oilprice.com/Latest-Energy-News/World-News/Emirati-Oil-Co-Begins-Hoarding-Jet-Fuel.html
We are literally sitting on a gold mine here, and at 3.5p this is redivulous !!!
ATB holders

Now I’ve got my wheels moving, I’ve ran the numbers below and our total profit from the 463M barrels is, now wait for it......... $20,831,265,000 That’s just under $21B over 5,088 days, or just under 14 years. Not bad for a $1.8B investment !!! Feel free to check my math. It’s staggering at our current sp. If we agreed a 70/30 split with our farm in paying all costs we would have $6,249,379,500 with a share price of $13.77 How’d you like them apples :)))

If we’re basing payback on our profits here are my workings: 91,000bpd = $4,095,000 profit per day at 45 dollars profit per barrel ($80pb minus $35pb operating cost) $1.8B CAPEX cost divided by the above = 440 days till payback. That’s less than 16 months !!!

Slider, at 91,000 barrels per day at $80pb we get $7.2M per day. Divide $1.8B by $7.2M and you get 250 days till payback. That’s less than 9 months till FYI, $100pb makes it less than 6 months !!! ATB

I know this for a fact because I topped up at lunchtime. I’ll leave you to guess which buy is mine (I’ll give you a clue, it’s showing as a sell). ATB holders and enjoy the weekend.

2nd time lucky (already tried to post a reply). Anyway, I don’t see the buy price dropping much below 3.80p. You can already see the ask price climbing. I wouldn’t be surprised to see some large buys going through today. Oil is up to $78, that’s 10% in 2 weeks. Sanctions are about to kick in with Iran and it looks like the Saudi’s have a lot less oil than expected (hence them cancellling the Amarco deal). It looks like oil is about to bounce into the 80’s and PO are looking all set to start work in the FI’s a lot sooner than expected. This is a tree shake, pure and simple.

Me too Steps. I’m hoping it drops below 4p to buy as I missed the opportunity last week. If it hits 3.8 again I’m adding a lot more. It does look like 4p is out base price though as not many selling below that.

Exactly right, although I expect us to end the year much higher than 4p. I’m shooting for 6-8p by year end with 2019 breaking out and shooting up to 30p. If that sounds far fetched look at the value of our discovery and what we have in our acreage. We will definitely be getting looked at by serious players and once we get one of them on board what do you think will happen here ? Steptoe, my feeling is that 4p is our new base price, I’d be astonished if we hit 3p again. There is s big buyer here and you can clearly see the pattern.... let the sells go through and the price ticks down, then the big buys come in at 4p to hoover them up, and then some. Definitely something brewing here. Just my observations, analysis and feelings, I’ve been here since before Darwin and have well and truly put my money where my mouth is. So I think that should count for something :) DYOR and ATB

Got a good feeling we are on the move.... hopefully it’s up :)

https://oilprice.com/Latest-Energy-News/World-News/Carlyle-Group-Set-To-Raise-4B-For-New-Oil-And-Gas-Fund.html

If you are still wondering if we are having farm in talks. Or if we have a valuable discovery.

https://oilprice.com/Latest-Energy-News/World-News/Bernstein-Oil-May-Jump-Past-150-On-Chronic-Underinvestment.html

ATB holders

Hi folks,
I was reading an article on oil price.com about Iran threatening to close the straight of whatever... thereby blocking oil from shipping from the Middle East. And it looks like 17M bpd go through there every day.
My point is this. The USA, South America and the Falklands have no such issues. And to add a little more value the Falklands is a stable government, and place to operate from, with no forceable disruption to production.
We must be an attractive target for big oil.
ATB holders and enjoy the sun.

You are not wrong either Phil. When you have forked out �55k it�s not easy to go an extra �20k. The deciding factor for me was the reduced break even price of 7.5p, it�s almost in touching distance and beyond that is retirement !!! I�m getting ahead of myself now, but this was always my retirement pot, so let�s see what happens.

Lol, you know it Phil. It really is good fun in BOR, more so when it starts to head up, again.. And quite honestly I�m glad we hit a low point last year because I must have scooped up approx 700,000 shares at 1.8p. That was one of my smarter moves. I�d be astonished if we don�t see double figures by the end of this year. The big boys are out looking for new fields and we have a doozy that�s ready to go.... What�s not to like. ATB

You�re definitely not the only one Phil :)

What can I tell you.... When I�m right, I�m right :) Seriously though, after reading the presentation, and spotting the part about �continued farm out discussions�, I honestly expected this rise today, and even into the 5p+. It�s nice to be right now and then. We are in position 04 on the leaderboard, can we reach the top slot today.... my guess is that it will be decided after 4.30pm... Also, I meant to say cheers for the link RP. ATB

�Progress During Past Year: � Technical evaluation - completed reservoir evaluation and near field prospectivity assessment � Commissioned an independent resource assessment � Preliminary planning for the next phase of operations � Continued farm-out discussions� Woooooooaaah ..... continued farm out discussions... get ready to go boys !!! ATB

I read this article earlier RP, thought the exact same. Another box ticked for us :) ATB