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Hi silver, this is a quick calc based on 3 wells, I’d say 30,000 barrels a day, I’m going with $100 a barrel so $3m per day, minus a third for capex and operating cost gives us $2m profit per day.
If it’s a farm out scenario then assume at least 20% for us which would then give us $400k profit per day.
Not bad for a days work.
Link to the shell LPG project announcement:
https://apple.news/AhWzmy5DmRJqHPIlSwz9O_w
They certainly are Quant, the Shell announcement regarding the £2.5B Australian LPG development is great news for investment in new fields. They also noted how a secure supply chain was a key factor in deciding to proceed.
Falkland Islands anyone !!!
Ffs, BOR is literally gift wrapped for any major oiler to just slide right into and have a perfectly secure supply route for decades to come, and we have the light sweet stuff, not that thick black globally unfriendly crap.
Jesus, this literally sells itself, I’d be astonished if Howard isn’t beating suiters away with an oil covered stick.
It’ll continue to move on up Alan, sure as eggs.
The 1m buy earlier today was a clear push to grab shares at just shy of 5p, while they still could !
That was my motivator for buying 500k last week.
This is going to pop either today or sometime within the next 4 weeks and it will be something to see when it does.
My break even is 4.5p with a bucket load so get in ya wee f’ing dancer !!!
It looks a lot like it Quant.
Funny thing, the longer this delay with our AR goes on the better this looks for us all. I absolutely believe that any good news at all will see this shoot straight to 10p, and that’s just based on a positive update on activity.
Something more robust will blow well past that figure.
I’d like to see an update on May, but it can’t go beyond the end of June so take your time guys if it means securing a deal, I can happily wait another month after a decade in the saddle.
Hi Gus, you could see from the volume of AT’s on Thursday that it was a trigger point for sells creating more sells without most of the investors even knowing about it till it was too late and they had been pushed out to make way for the Calgary boys.
I’m glad I managed to get my additional 500k shares at 5p. It was a particularly ballsy move, even for me. Every egg is is the bor basket and I don’t have a brass razoo left in my isa account.
I feel that something is coming and soon, so it’s balls out and fingers crossed.
ATB
I meant to add, there’s about 4 de-rampers working like a tag team and it begs the question….. Why ?
I’m not being funny but wtf would anyone waste their time trolling a message board for a stock they don’t even own, and there’s 4 off them going at it like a cheap porno shoot. It speaks volumes really.
I can’t wait for the annual results and the corresponding money shot that will paste every one of their faces like a porridge cannon.
Happy days
That’s a substantial holding Gus, nicely done.
I was looking at the chat on ADVFN and the de-rampers are out in force. And taxi-babe has also waded into the chat with her thinly veiled BS. Funny their not trying it on here, or none that I can see anyway.
Just watch this blow up again when news arrives, or the Calgary chap decides to take advantage of the lower price.
Hi Gus, like I said earlier on. I had to place 3 orders yesterday to get my extra 500k shares as there was no quote above £9k.
The current price is pure gamesmanship and I’m not the slightest bit concerned. Nothing has changed here so it’s simply a matter of waiting for the annual results and statement on the farm out status.
I really hope it comes out on Monday so I can laugh my ass off.
Still though, trust me to buy at 4.9p and it drops like a tyrannosaur turd.
ATB
Hi Gus, I’ll take your word for it as I’ve wiped out my isa cash and now I can’t do any dummy trades.
I couldn’t spend more than £9k at a time yesterday though so that is telling.
Also
Looking at the price movement today I expect our man in Calgary to be scooping up shares like a dyson on steroids.
You can bet he’s watching this closely and adding a lot more to his pot.
can’t be long now for the updates, or updates.
ATB
I was having a look at the ADVN chat and one of the guys said he spoke with someone at BOR last week and they advised they were aiming to provide the annual results by the end of May.
Take that how you will, an intention is not a promise. But either way they will be here soon.
I solved the thread issue with the chat screen. There’s a tab above the chat that says “message view”, if you click on it it then changes to “thread view”.
Top tip, don’t click on it unless you want a proper pain in your rusty Sherrif’s badge.
It’s showing all the chat as subject only, I then need to expand them to see the actual comments. No idea why it’s doing this but it’s a pain in the ass.
On the bright side we are bouncing back and still have the results to look forward too, once they are posted.