Member Info for belisce6

Even though my igmarkets charts proved to be a dud..
Looks like the mid 10p area is here...
So i entered my position... :-)
Charts appear to be telling us a mid to low 10p area as a base or bottom for intraday... cos only about another 8 or so trading days before maybe news to confirm R1R2 etc... :-)
Anyone still wanting in.. looks like the opportunity has arrived :-)

Djeno is only that low cos of oil rim question... they have it at 50/50..
otherwise C.O.S. would be much much higher

Yeah.. 7mill for the 103 including mobe and demobe costs..
So possibly 104 would be about 5mill +/- or so..
Now.. on success case of all three horizons.. cash will not be a problem..
On success case of top two zones but not djeno.. would mean shorter 104 drill so perhaps reducing the cost closer to 3mill for example..
So no need to panic about drill 104.. it will all be contingent on 103 results :-)

Hmm. Just looked over on advfn and the pumpedanddumped site..
No gaps on aaog chart as i have on ig.. haha..
I think i will have to change my system again :-)

Although i am checking aaog chart elsewhere.. cos it may be dodgy igmarkets charts :-(

Cperkin.. i provided the info to where i see it.. 0.5p over 10.5p is rounded to 5% upgap.. so it is not as miniscule as you may want it to be...

I do think if it is closed that i could easily happen over a day or so of drift down in so.. cos with the bidask etc, it only represents about 7% lower than current levels.. so a daily a few % lower with an intraday visit to that level would sort it out... if it was to happen.. :-)

If not.. then onwards and upwards.. hopefully..

Future meaning.. after the drill..

V5Honda..
The gap thing is simple.. there is a saying that all gaps get closed.. or words to that effect.. i believe its more for upgaps.. there is one from 10.45pish to 10.9p on 17 to 18july... based on daily igmarkets chart..
So if the digital hardware isnt lying to me then the gap exists.

It doesnt mean that the gap must be closed.. but if it is.. better to happen now rather than in the future :-)

Thanks cperkin..
So they are very confident on the 8mmbo mengo...
But less so on the deeper bigger djeno cos it needs to have the oil rim...
Interesting prospects..

I have a feeling the sp might drift a little to downside in the interim.. there is a gap from 10.4 or 10.5p level.. might be closed soon then continue onwards and upwards...

Seems relatively evenly priced at this stage.. could be higher of course.

Anyone know what the C.O.S. for the Denji 58mmbo prospective section is ?

And.. what is the cost of this well ?
Have they told us ?.. i briefly took a look but couldnt find the info..

SNAP?? whats that ?

Interesting.. I plotted fibonacci retracement on ig chart.. low at 7.68p-ish and recent high at 11.63p-ish. The 61.8% level came in at about 9.18p-ish or so.. Todays low (on the ig chart) touched the 61.8% fib.. Maybe thats that for now... I guess time will tell..

Davewin.. no its not.. Best estimate and Mean estimate are close to each other.. I believe that rmp stated the wrong label seeing that every other time its stated as Mean.. Nice to know that the high estimate hasnt yet been revealed :-)

Would any of this have a direct bearing on upl ? If they make deal direct with sarawak for 20% royalty going directly to them.. then what does previous petronas operative manner have to do with upl future deals ??

I guess the option itself is due to previous work compleyed on the block.. But that char may obviously have to pay its share of 10 to 20% working interest for any ongoing work.. With existing 3d.. one would hope its for a drill.. question is; how mich will it cost ??

Well done Croatia.. Thoroughly deserved :-)

some on here dont think a company would want to pay 16mill usd or so to see if they can get net 200mmbo contingent oil for themselves ?? Which would then derisk a number of multiples higher, further oil potential.. No need for placing.. am of firm belief they will successfully farmdown for freecarry...

Brom.. yes.. from wot i understand, the 3d package is one of those released by alaskan authorities.. i think its in that Nape or decker preso.. the last one.. on horseshoe.. thats why it doesnt take in entire tenement..

Thursday rmp presentation to its investors on horsey farmin.. 88e has tad more than rmp.. Should be interesting :-) Let the sp drift happen later on.. For now.. still a bit of decent info coming our way :-) Late aug to sept... Final conventional 3d expected.. Q4.. yukon final 3d.. End of yr.. conventional farmout...

Just got my stash. Although this may drift even lower.. 6.4p or so is roughly cash levels.. So very close to no value being applied to projects within the company.. All indicators are oversold and flatlining for couple mnths now.. If they successfully farmdown namibia drill, then 6.4p cash level effectively remains until next yr.. At 65% currently of 459mmbo, they are going for circa 300mmbo net.. Could probably farmdown to 20 to 30% easily for complete freecarry on char part due to some backcosts and customary premium paid by farminee of anywhere from 10 to 50% onwards.. So i would expect at absolute minimum char is left with 20% freecarry giving away 45% of project total.. But would obviously be happier if they are left with more.. or get given additional cash.. For a 25 mill usd drill itd equate to some paying 16mill usd or thereabouts.. plenty of bigger producers for which such outlay would be nxt to nothing.. I do hope the md is able to extract more.. To get value closer to 100% premium on the share being given away.. would be great if it happened.. Even like for example.. farminee takes 45% freecarries char 20% and gives 4mill usd cash (for a yr expenses).. equals about 20mill usd value or about 80% premium on farminees take.. Tullow drils in sept before char drill.. if tullow succeeds then should also be positive for char...