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We would have gotten a much better deal by waiting a year and getting an extension or refinancing the debt.
I don't know what is Les Wood any good for as a CFO.
Agree
25,000 bopd in Jubilee (not 23,000) and 17,000 bopd in TEN. Don't make sense.
I don't trust those numbers
According to those numbers there is a 13% decline in production in Jubilee and a 27% decline in production in TEN.
bbl in Jubilee in 2020: 304m/9.9=30.707m
forecasted bbl in Jubilee in 2021 240m/9=26.666m
(1-(26.666/30.707))*100 = 13.16% decline
bbl in TEN in 2020: 148m/8.3=17.831m
forecasted bbl in TEN in 2021: 150m/11.5=13.043m
(1-(13.043/17.831))*100 = 26.85% decline
estimated Jubilee 2019: 31,400
estimated Jubilee 2020: 29,000
estimated TEN 2019: 28,700
estimated TEN 2020: 23,000
That would mean we are producing 23000 bopd in Jubilee and 17,000 bopd in TEN. Don't make sense.
I don't trust those numbers
OK, thanks
I will it take a closer look
No one forces you to take it. All I care for is economic recovery and price of oil.
It is not priced in, there aren't enough inventories to make a difference for the increase in oil demand. They won't last long.
Do know of anyone who couldn't travel and can't wait for the mobility restictions to be lift so they can take a trip?
If good news it should push oil prices above 50$ by Monday (SA needs higher oil prices). Patience
Patience many daytraders will regret having sold. Too bad for them!
Electric car are more expensive than regular cars and there is not enough lithium for everyone to be able drive electric cars.
Electric cars also need energy from nuclear, coal & oil. Renewable energy isn't enough. Wind mills are useless when there is wind, solar panel are useless in winter zones where the night is longer and not enough day light is available, geothermal and river dams aren't that common and useless in places where draughts are common.
(angry face)
(???)
Stock market is not a game! Don't play ranges ??
"Do you think we will see further decline in the SP before it rallies again next year? or do you think it will hover around the 30p mark?"
I don't care long term will go up. Vaccines are getting closer and by December-January many doctors nurses and risk patients will be vaccinates, by March-April I will be stunned if POO is not above 60$ or 70$ per barrel.
The sole purpose of starting such a rumor would be to daytrade. Disgusting.
Guidance was 70kbopd and Ntomme is now up and water injection is fully running in Jubilee.
Then where would you expect the 10-15kbopd lower production to come from? (this year guidance was 73-77kbopd)
Management don't want to stick their neck out
They have missed production guidance in the past so they won't stick their neck out giving definite number until they don't have the data but they haven't said that guidance is between 60-65k. Indeed guidance was 70k and anything lower than 70k is unrealistic (we have been increasing production in Jubilee and Ntomme).
We are cash flow positive and have enough cash and liquidity to cover 2021 and 2022 bond maturities.
THERE WILL BE NO RIGHTS ISSUE!!!
WHAT PART OF NO RIGHTS ISSUE DIDN'T YOU UNDERSTAND???
Member Tesla?
Let them short it, don't interrupt your enemy when he is making a mistake. The more the merrier!!
After a crisis there is a recovery, oil prices could go much higher than any expectations. And sooner than expected(shale is dead).
IMHO