Member Info for bdgm

Once the other wells a brought back on line we should be producing around 14,500 bopd Gross or 6500 bopd Net, all for a MCap of £90 M. One of the other Aim Oilies being touted as undervalued at present is Ameriser Res. Producing around 4400 Bopd for a MCap of close on £300 M. By my reckoning that makes Eland massively undervalued.

Not really dribble, Forcados may well be open and well protected but the escravos terminal was attacked in the last couple of days. As i said i understood that Opuama oil would go to Forcados via the Escravos pipeline.

I thought the oil from Opuama would go to Forcados via the Escravos terminal

People selling as there has been an attack on the escravos terminal

Hi Belgrano, thats more like it, i was working on a break even of about $33 per barrel. Thats without taking into account G & A and finance costs which for the last quarter were combined at around CDN $750,000 or $250,000 per month. I'm not in at present but watching, my worry is that if the low oil prices drag on for too long then these costs will soon make life difficult for edge. My thoughts are that if we get a quick rebound in the oil price then 3p is an absolute bargain and a multibagger for sure, if the low oil price drags on then edge will be taken out on the cheap by someone with the cash to drill. All the best.

Belgrano, will have to agree to disagree., with WTI at $48 even a magician couldn't get $ 35 a barrel profit. I still say they are barely breaking even, if at all at these prices.

Belgrano, how do you calculate that they can make a good proit from existing wells. At WTI mid to high 40's i reckon they are just about breaking even on the cost of producing. Once you take in to account G & A and cost of finance they are losing something like a CDN $ 250,000 per month.

Ucabwoo, try reading it again... "CEO commented... These wells should provide a good return on investment even at current commodity prices"