Member Info for BumblingFool

Monday is bank holiday so hopefully, update will be out This week sometime. Expecting around 200k production again, average price for April around 65$ so net backs of ~45 for the month. Nice!!!!

Do you really believe this cr*p?

Agile, wish I had your problems!

No

I�ll pick up too then! If I had known it was that easy I would have picked up ages ago

We plan to spend 61million on 14 wells and associated civil works this year. The first 19.7 covers CPO-5 and Platanillo. Oil has averaged over 60 dollars (64) giving net backs of 40+ with current production ~200k barrels per month. We entered 2018 with 41.3 million cash and equivalents, soall our costs massively covered, with huge exploration upside! The only number that doesn�t add up here is the SP! DYOR

Did you buy back in, if only?

167 million to be used to reduce debt!

Think I�ll hold the rest till after Divi then re-evaluate. None of my watch list are at my buy in prices at the moment. Tempted to sell half my holding to lock in profits. This share has been very good to me this year having made up all my losses elsewhere and still giving me an overall return! I feel we are much more stable now but another negative SFO development could take off 100 to 150p. A nice contract announcement on Thursday would be great, lots of shorts still to buy back too. 660 to 700 real possibility

Wasn�t really expecting much movement this morning, if anything thought we might drop back a bit today! Maybe some shorts reducing pre divi? Anyway nice to see!

https://www.petrofac.com/media/4085/18-04-19-analyst-trip-website.pdf

On what do you base such an assertion?

We can safely assume ar least 40 netback for the first 3 months of this year. Giving 24068240 dollars. That with our cash in the bank covers all our planned works this year. Even without increased production we can expect around 8 million a month minimum netback for the rest of the year = 64million dollars and that�s without increasing production. We plan to have 14 new wells!! Our net back is likely to be closer to 50 at current oil price as well! I think the SP has a way to go yet

Bang on BN56, I have learned a lot from MB uk and RdR over the past year. Always offering a well reasoned point of view, and more importantly a dose of sarcasm and humour.

No harm in hope! I will be happy if we stay above 570 for today.

Just reached my break even! Hope it holds, some profit would be good !

It�s .253 cents which is more like 17p the annual yield is about 4.75% not 6% https://www.dividenddata.co.uk/dividend-yield.py?epic=PFC

� Post period end during April, Amerisur entered into a $35m working capital facility with Shell Western Supply and Trading Limited (SWST) under which, at Amerisur's request, SWST will provide advance payments to Amerisur against deliveries of crude oil under an offtake agreement.� Nick Harrison CFO today

I thought the market would have reacted a bit more positively this morning. Thought we would have at least got back to 16.5, hoped for more! Results are in line or slightly better than expected, Pickedpeck your figures were very close! Maybe we will see a steady climb over a few days.

Watching this closely, have been tempted to get back in here recently. Might have missed my chance at sub 350; but shorts increasing again has made me cautious.