Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Production is KING, open up the taps, get 7 well back online and AM producing 14-15kopd.
Tie back Lincoln, another 9kopd, and things will look much rosier for the future of Hurricane!
$240m convertible bond also looking much cheaper with the pound/dollar conversion!
Potential to be oiler multi-bagger of the year , gla I hope it all comes together for long term suffering holders.
Shorts can now vacate the area!
Almost 16 mil - 50% profit a month per offload of 500k.
Absolute bonkers the MCAP
Just smashed through $66!!!! Booom! massively undervalued imo
fandg2 - will take a bit of scrolling put there was a thread on it on 3rd February.
I've copied the info that was posted :-
PETROFAC FACILITIES MANAGEMENT LIMITED WIA/1027 Lincoln 205/26b 205/26b- 14
MoDU/Vessel Paul B. Loyd, Jnr
Chemical Permit CP/2261/0 19th January 2021 1st April 2021 Submitted
PETROFAC FACILITIES MANAGEMENT LIMITED WIA/1027 Lincoln 205/26b 205/26b- 14
MoDU/Vessel Paul B. Loyd, Jnr
Consent to Locate a Mobile Installation CL/1081/0 19th January 2021 1st April 2021 Submitted
PETROFAC FACILITIES MANAGEMENT LIMITED WIA/1027 Lincoln 205/26b 205/26b- 14
MoDU/Vessel Paul B. Loyd, Jnr
Marine Licence ML/555/0 19th January 2021 1st April 2021 Submitted
Thanks for the update, looking at the well test results on Lincoln it had commercial rates of 9600bopd (I think I recall), what is the hold up with being able to tie back to the AM? Did they not get approval?
Seems to be the obvious way to increase production
Any idea what is happening with this? I notice there is planning for a well intervention for 205/26b Lincoln - Paul B. Loyd, Jnr.
Could they be preparing a tie back?
.
I think results are now delayed until April.
Thanks for the replies.
Anyone know what the short positions with IG are? Can we expect a bit of a squeeze here?
I think it was always going to head to this level to fill that gap up on the chart.
122 will be lowest imo,
Long term this is a no brainer, huge contracts being won. Multi-billion revenue business. Minimal debt
MCAP is laughable really
DYOR GLA
Taken me over 10 minute to get a buy quote for £500 only
Well whatever has happened the sp is recovering,
https://globalinvestigationsreview.com/anti-corruption/ex-petrofac-executives-sentencing-delayed
The difference to the previous spikes and negative next day RNS drop to now is......The Price of Oil, heck if they were my reserves and they are limited why give them away at half price.
Hmmm now at $61 a barrel, it could be a very different story. If production is king as is normally the case then I wouldn't be surprised to see 7 well start producing again.
As has already been said time will tell. This is AIM and i've learnt to expect the unexpected, worlds finest casino!
DYOR GLA
Sudden surge? Something afoot!!!
DYOR
So a quick calculation of 12,000bopd x $61 = $732000 a day or $5.12million a week or $22.2million a month!
plus around £120million in the bank.
MCAP of 50million!!!!
Come on, something doesnt add up here, maybe its my maths I dunno but this is an absolute steal.
Plus oil is still climbing!!!!!!!
DYOR and GLA
Oil is above $60
70% down!! madness, added more....there is always a bounce whenever they drop it so far. my guess is it will close above 1p
Bad news today, but hopeful of a recovery to get some funds back.
GLA
SFO suffers Supreme Court blow over use of overseas powers.
https://www.ft.com/content/0f5dd7b2-5f6d-422e-a887-4356af54d592