T minus 25 hours of trading until CUDA appeal opportunity has expired - how will the market play these closing hour.....probably like a fiddle as always lol
£2M a month sorry and before any system/facilities upgrade etc. If we could fricken flare we'd be at 4,000 bopd by now so is frustrating but unlikely to have secured CUDA oif we could so every cloud
Yep CUDA should bring in £2.3M profit in Q1 and for Q2 could be (£2.7x3) or £8M as previously eluded to so not bad and certainly profitable Turning a profit of £2.5M a month with CUDA from 1700bopd.
I know you're game you know the answer to your questions. COPL have circa £15M cash to drill as - as you well know. You also know that CUDA is generating circa £3M a month at present.
Bridgedogg - the RBL will be based on Atomic plus CUDA from the Shannon unit which increases our near surface reserves by 50%. That's why in part we have been chasing CUDA for 6-8 months.
It's all about the pieces falling into place and we are transforming
She'll be coming round the mountain when she comes.... ::)))
Not long now til this springs into life.
CUDA and RS this month. Loads of cash in the bank too. Then RBL next month. Delineation of the monster resource in September. Just think yourself lucky that one can buy at this heavily discounted price and if loaded up then all good.