The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
In Sweden we have an oil company ”MAHA” which mainly operates in Brazil. They produce 5000 BOE (of which 4k is oil) have a NOI/EBITDA of 80 million USD and around 10 million USD in cash build after capex. A 60 MUSD loan with 13-14% interest. market cap is 280MUSD.
How can we trade so far off…. I’m just baffled over the differences in evaluation for something that does the same thing
Thing to note is that Eric Nutall hasn’t bought into I3 either :)
We have returns in the form of dividends (which will grow certainly), we have expansion making every drill become fcf by next year. Buybacks would be nice, but they won’t grow our business.
I am fairly certain our path will provide better returns than Eric Nutalls. Maybe because of his chosen route even.
Hehe well, people already start to realize we haven’t even seen ”peak coal” yet.
So us trading around here like oil will be gone in the coming 2 years is pretty crazy.
The ”minors” won’t die, especially not now with all this money in the bank. The only risk is someone buying us out… for a multiple way higher than today of course.
Our product will find its’ market and we are cash flow positive.
Green ”transistion” is not even 5 years away. We have ”green addition” barely as we speak.
On their home page, I recommend that you read it.
East Pepper gas well being in ”getting tied in” status and RCE-2 up to 550 bopd to Arrow now. (10% increase)
Yup! Sorry for the typo :)
Since the bybrook sale millions of shares have been sold as soon as we reached above 28,5 (also yesterday a lot of 100000 sells were registered as soon as we reached above)
But now we see 30s, There is only up from here
Meaning in turn 500 BOE of light oil in this well will double our revenue.
AECO gas accounts for only $18 per BOE in q1 ($30 ish now) this gas isn’t making a lot. Around $6 per BOE in q1? We are primarily an oil play.
They have said $80 netbacks for tapir block with the pricing in April $105 as per their investors deck.
Speed of drilling, so it took months to get started.
38 days from drill to getting oil on production.
Same day as first drill is on production 2nd drill is spud. We are halfway to complete drilling that well.
The speed is probably caused by ahead of time preparations likely to put a high front end capex working on multiple wells at once.
Oil produced during testing is sold I presume?
Anyhow… Speed
” jungmana: Brent at $120 and "We gonna be adding production on a monthly basis all the way to the end of the year"Https://youtu.be/L1ux0oZGy6Y”
Why dump it when first well comes online 50% above predicted?
So you are really pricing in 7 2000BOPD wells in last weeks evaluation?
I must have miscalculated horribly when I bought into this….
Or I calculate this well to bring 500bopd*350days*80dollars annually. And our annual netback on this well around 10 MUSD.
Yes we are still above the 350 bbls predicted by good margin.
They said they would start production at 350 bbls and scale it up to 2000 unless they start to take in water in the interview. Now they did but still ended up above predicted and calculated. Its sad we didnt get the full 100 % success but its not bad. Oil passed $120 today and AECO is $3 above q1 average.
Next well is drilled the 7th of June. So much in such a short time. Cash position is only 2 mil less than end of Q4 and the well is already printing money.
What is there to cry about ?
Dont forget the ”bonus” well they will drill within 60 days mentioned in the last interview, For the heavy oil (350-400 bbls/day) segment found in this well. That reserve was the largest so they would like to tap it asap.
I would love an updated presentation ;)
There is a section C in the bottom table specifying prices and volumes also separating the 5p and 11p options where the 11p in some cases are consolidated into 28p shares.
They were entitled to get those shares for 11p as per earlier so it looks like they did it for us.
11% up in canada yesterday :)