The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
What about operating costs and the govt share as well as uk tax?? Do your calculation again. Like I said read the CPR.
Bigboffer- I can’t sell yet as I’m sitting on a big loss having bought in at 13p. Anyway I don’t do ro e who had no clue what they are talking about giving me investment advice, especially when they are wrong each time. 1000bopd does not give the company $1m profit a month. I strongly advise you read the CPR and look at the interviews again as you seemed to have missed the point totally.
Biggboffer- you clearly have no idea what you are talking about or done your research have you??when have they ever produced 1000bopd?? The test results produced 1100bbl and not 1100bopd. Do you see the and understand these difference? Suggest you google it before coming on here proaching nonsense.
Bigboffer- you’re the silly one not me. If there are no issues at well 16 then why is there an external compa y looking at it? To count the barrels of oils it’s churnibg out? Anyway can’t be arsed to argue with biased stupid people, so off you jog back to the land of fairies mate.
Cautious- personally I don’t think all is well at 16az hence an “expert” has been hired to have a look at it. The cleanup story was to just to buy more time imo. At the very least we should be updated on the flows between every 30-45 days regardless of which way they are going.
Mike31- I seemed to have missed the post. Out of interest what did it say? The usual 50p by next week, 40million profit lol??
Thumbup- according riding to what PH says we should see results around October-December time.
Big offer- you need to check your figures mate. They said $1m dollars a month and not £1m, and as Gary says you have the Opec and govt costs to consider.
Thanks Gary so I am correct in saying the benefit to Block will really be around the $15 mark and not the 35 PH has mentioned. I’m sure the CPR had $15 in there somewhere if I recall correctly.
Sievco- Yeh I know that as it’s the CPR, but I was thinking long term.
Bigboffer- forgive me if I’m wrong but I’m guessing your 24mil a year profit assumes a net back at $35 a barrel? Don’t forget block is only entitled to 40% of the profits so more like $14-$15 a barrel and that’s assuming Brent is at $65. Or have I missed something??
Tony- I wouldn’t take the IIs invested here meaning this is a one way bet. You only have to look at the recent dealings from Woodford to see that. For example he backed a RI only in December at Kier for nearly £4 a share and people there were saying the same and saw it as insurance, but look what happened just 6 months later?? The shares crashed to nearly 50p. Prior to the RI being called he also increased his stake at nearly £9 a share. So how can you say that is a safe bet?? The question you need to ask is does he (or any other fund) still get paid their fees despite his funds being suspended and loosing billions of his clients money :)
I think you know the answer to that
Not long before we are back at 4p by the way things are going. Can someone please tell these incompetent fools to give an update out quick, rather than do silly interviews giving out false hope?
Grover- looks like it’s on a steep downwards slope. Won’t be surprised if it’s back to 5p soon they way this is going.
Sorry to hear about loss as I’m too 50% down. It should hit 13p at some point between now and Christmas to get out. However they cannot afford any bad news now. Well done to Paul Haywood for securing 12m at 11p from the iis.
Again just shows how badly the iiscan get it wrong as well as the pi, contrary to what people think. There were certain posters that kept using the iis investing at 11p, to justify this as a solid buy.
Yes but they did t make false statements like this company did they? I hope this hits 13p asi want out this crap now. It seems the BODare too busy doing interviews rather than sort out the the business.
The old is still not being sold as I suspect ted from the last RNS so this is in essence is still not a cash generating business, like some posters on here keep saying. The only time this is true is when the oil is actually being sold.
Brgmg- time will tell....
Brgmg- why would I short it if bought at 13p?? Just saying company needs to be truthful and deliver the promises I made my investment on. For your information that was 1100 bopd not 295...
Spike912- it’s like a playground on here. Try to make some constructive posts to discuss , but you get called a deramper and all sorts of other things. I really don’t think some of these people should be investing for their own sake, as they really don’t understand the markets. As you say silly billy and his mate brgmg have been ramping here today just because PH has given an interview and “addressed the concerns” that people had. But in reality he hasn’t as he’s just repeated what’s already in the public domain, and a proper update is via a RNS anyway not an interview. He can happily tell you the moon is made of cheese in an interview, but RNS has to be closer to reality. People seem to have forgotten it was these sane interviews we were promised 700 bopd as a minimum but when they achieved a lower rate, it was formally announced via a RNS.
Brmg69- nice but that’s already in the public domain. Tell me sonething I don’t know.
Bedex- absolutely agree which is what I have been saying. The interview did not answer any of the questions many people have, it was just a positive spin and a normal PR exercise. Most on here are novices to see that. I await the next RNS and would be Interested to see what it holds. I’m sure this will come good at some point, question is when. With the company not being forthcoming with information, makes me cautious.