Currently 2200 bopd. A 22% increase has been reported in the last 20 days. 30% in 30 days goes to 2900 bopd and 30% after that is 4000 bopd in two months. WOW. Over 5000 bopd by November and over 6000 bopd in December using current trajectory
With our previous NPV of around $185m at $39/bbl increasing to over $300m at $70/bbl there's current scope to add significantly to that. Wyoming alone makes our current cap of £60m look tiny, gonna pop. Plus they suspended with a very hefty cash balance which will be confirmed again in the Q2 coming soon.
So we are worth $300M at $70 and have a wedge of cash. Umm - lush.
Nigeria is a beast:
The scale of the Nigerian assets remain as company making as ever with 1U/P90 of around 300mmbbls (gross), P50/2U of Crica 500mmbbls (gross) and 3U/P10 of around 1bn bbls (gross).
0.5-0.6p if drill results are successful. At 4k bopd at $70 WTI is £80M PER Annum so don't you mean 4-5p if successful giving us an £80M MCap rather than £12M lol
Pretty funny Smithy. Anyway, welcome back - should kick on nicely from here. Presonally, id like it at this level for another few trading days so i can add more but it's very cheap at the mo so lets see