Member Info for bigsmoke

when posts are getting removed, that tends to suggest a fictional picture is more desirable.

like, 25.5p....... say, what???????????

yes, i had to rub my eyes this morning.

reported by VOG?

Too true.

what is our y/e bopd target?

woocha - "ONGC is looking for fields with a minimum 25,000 barrels per day of oil production."

"and make more gains for himself.

he has the gas and pipeline and customers. small cam team to tick over and that's a pension folks!

if they ever fall on hard times, offload matanda and west med.

so sad.

or RMG and get 7% div and likely cap gain of 40% over next 18 months.

Yes, it is not neutral - I apologize. it was not a subtle deramp.

my original point was just a warning against only looking at a chart and the historic SP because the volume of shares influences the SP on one level (why I am with jointhedots on the share buyback idea).

you are right, looking back no matter what details you establish has little bearing on the future SP, IMHO. it may impact sentiment etc, but first and fore-mostly the business fundamentals today ought to be assessed. on that note, if we are at 5000 bopd = 150K p/m - 1.8M p/a. x $65 = $120M, less costs, are we not talking around $70M profit? the assets have roughly a, what, 14 year life span? so, what we have today looks like $1Bn profit over useful life. if we then called it quits and wound the company up, i would expect about 80p each of my shares.

So, excluding all other (fully funded) drilling prospects, back of napkin 80 p/p/s over next decade. So discount future rev and include some risks, yeah, at 5K bopd with nothing to support future oil finds, I'd take 40p/p/s today.

however, the goal is to get to 20K bopd.........

Would you take a 40p 'dilution' now if a buyer could be found?

keeping in mind that the BOD take 3-4 week vacations during December, we have at best two months left to win an insurance claim (like they happen quickly) or land a new deal with ENEO over what was "a temporary" solution, which will need some form of government sign-off (and we don't know who the government are) which also does not happen with pace.

at least we can retain a sense of humour, even if we can not retain our cash.
mugged. plain and simple.

he sure does.

if you click on the link and look at the front cover "Investir au Cameroun n77: Septembre 2018" then you will see what appears to be foo shovelling his shti

there must be a few rivers we can fail to cross a few times too, just to make sure there is some form of "activity" accomplished by the BOD to justify their remuneration to each other, I mean, the remuneration committee.

i hear they have all signed GSAs...... despite not having leases of any premises.

perhaps the new industrial zone falls within the Bomono block. we just need to raise another £250M to cover the pipeline for the northwest. don't worry about the workies who get done in by the ongoing separatists’ violence, they were "entitled" anyway, weren't they?

Dik-heid, don't worry, the new industrial zones where investors are being offered competitive rates to relocate to is only 55 minutes duration away ....................................................... by flight.

Cameroon creates a new industrial zone in Bamenda, North-West
https://www.businessincameroon.com/companies/0910-8440-cameroon-creates-a-new-industrial-zone-in-bamenda-north-west

Foo, tell the boys to send in the JCBs we need to move the pipeline. you goon! you should have looked at CNG first and then a pipeline. like was planned in 2009.

"...despite the separatists’ violence in this region for almost two years now, about 5 hectares out of the 44 available hectares have already been reserved by investors."

Only 10%? that investor being the MOD?
Guess some folks like the sound of gunfire.