Member Info for BurrenBoy

Some on aim aren't even producing, 6 barrels is better than most small oil companies. It's a start.

Sorry should have been dollars.

6@£92=£552 per day.

Saffron 2 has dwindled to 6 barrels a day, that's what someone wrote on here.

That should be as soon as 2023.

I reckon CEG need 115 dollar oil price to make profit, approx 250k per year.

What is your guess on the oil price that CEG need to be profitable at 300 barrels per day?

Are CEG profitable? They haven't stated that.

CEG can't make profit and oil is 90 dollars?

A lot of small oil companies are struggling to make any profit.

Oil price won't be high enough for exploration to be worthwhile.

No value in oil now, everyone wants solar.

Well there ain't any oil to extract.

Probably laughing their heads off at the stupid idiots who believed them. 120 million and nothing to show for it.

If they were going to renew they wouldn't be telling the whole world that they are anti oil and that they prefer a green future.

Simon and Eytan didn't have a clue that the government would not renew their licence. That's what they have done and all that 120million down the pan.

You don't spend 120million on a well that the bahamas goverment would never ever let you produce from. That's crazy

Lead by proven track record of success.

How long has he been with BPC/CEG. Change cannot happen with a leader!

His business acumen wouldn't allow that to happen. You need experience.