Member Info for B00oooM

:-)

Rns Today ???? stop lyin

mmmmm....

20,000 boe icluding gas and crude. 60% of sales is crude giving 12,000 barrels oil.

so quarterly oil prod is around 1 million barrels.
so half of prod hedged.... sounds reasonable

is that 100% of oil hedged. yearly prod around 2 million barrels??

this is simply a cash machine due the hedging. i was right about the opex thpugh :)

then 1070 KaBooooopoooM

too much risk on this ... i mean too much cash LOL.

made 200 quid though. Right, of to short the banks next. i believe they will get hammered

is it 2018 now.

$36 lifting cost from 2018 financial statement.

stop lying or i will keep posting so no newbies fall for this shi7

ye u r correct.

only 5k shares as a punt. But a solid company with $19 liftiing costs. of course if oil heads lower, expect 2 to 4p.

The lifting cost per barrel includes direct operating costs, tariffs and insurances and excludes depreciation, depletion and amortisation of oil and gas assets. The lifting cost per boe was $35 in 2018 (2017: $38). The lifting costs per boe for oil were $36.43 (2017:$38.0) and gas were $21.62 (2017:$nil).

enjoy a short spike and then tearz

put more than 500 quid in any 1 bisness..

"The lifting cost per barrel includes direct operating costs, tariffs and insurances and excludes depreciation, depletion and amortisation of oil and gas assets. The lifting cost per boe was $35 in 2018 (2017: $38). The lifting costs per boe for oil were $36.43 (2017:$38.0) and gas were $21.62 (2017:$nil)..

newbies dont fall for it. 1 pound coming

any agreement with saudi will be sold into. main cause is corona.

https://oilprice.com/Energy/Energy-General/The-Very-Real-Prospect-Of-5-Oil.html

no demand for oil these days ... get out on a spike

2 billion debt.
any agreement with saudi will be sold into. main cause is corona.

https://oilprice.com/Energy/Energy-General/The-Very-Real-Prospect-Of-5-Oil.html

lifting costs are $35 and the you have other costs on top of this. i assume average costs are $45 per barrel.

soon that cash will burn out... depends on how long oil remains this low or even lower. RRE is making a loss of $3 million per month on just lifting costs.

aint got time for a indepth research. only put £400 inno.

its just dropped like all others from 16 quid

no debt, $99 million cash and netback of $12 at brent 30.

brent now at 26 still gives a profit/netback of $8.

Looks like the break even is $19.

buy a few more if it goes to 6ish.

for a medical equipment bisness. should go to 12 pounds easily