Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
No rns means ... a chance to ADVANCE on shareprice front be4
💥💥💥FLOW RATES are announced
Would be nice if we could finish above 0.20p be4 cop...
If VOLUMES are there and we have BUYING PRESSURE..could go lot HIGHER....
GLA GENUINE HOLDERS...
ENOY!!!
Another great post seisprocessor...keep them coming...
Regarding flow rates....i dont know what means where used to determine range of 200bopd-1500bopd ( ave 600bopd ) but my guess is....bottom range i.e must have something to do with SCHB1..many are nervous due to SCHB1 flow rates...well to be honest theres nothing wrong with that its normal....from lows of 200bopd...why estimate 1500bopd at top end??.....my guess is...they must have factored in... increased quantity/quality....because both of these parameters came in on 18th Aug rns ( wireline logging rns ) it can be assumed we will be at top end of estimates i.e 1500bopd...or at least at minimum it can be assumed the lower end i.e 200bopd has been de-risked....
Ceo was upbeat in his interview...and seemed confident enough we would reach mean ( 600bopd )...but did mention if it was not reached then all that meant was we just go at slower pace...even at lets say 200bopd....that generates profits of £400k/mth ...that = almost £5m/year...which means 1 more well be drilled within next 12 mths.....
I for one am expecting....if not HIGHER then atleast 600bopd at bare minimum...lets wait and see...
when will we know?
Well wireline logging rns came out on 18th of AUG.....question is when was wireline logging completed it can be safely said...had to be on or be4 17th....after completing wireline loggings...they just needed 12 days for testing ( from previous rns )....my calculations show...tomorrow 7am flow test rns is possible..its not a given...as we can be 2/3 days out...where we have seen delays of about 3/4 wks during drilling ( which in end was well worth it )....we should be able to wait another few days if needed...no point rushing....i say take your time and DELIVER.
Ghost
As it stands ... if prediction of 10M brls is true...then
10M x $55 ( profit margin )...= $550M
in about 18 or so mths we will have minimum 3 wells in production....lets say at ave each comes in at 700bopd
700bopd x 3 = 2100bopd.....2100 x 55 x 350 = $40M/year
Now imagine...getting $40M returns per year from this part of field in only 18mths time....WoW...
and if you think we would have only drilled these 3 wells only...then you are kidding yourself...
We will be developing doing further exploration/appraisal work...in other fields/licence area's...
We already have other discoveries in our p/f .... now they can slowly but surely be advanced..
When you become a producer...which we are ( good as )...many doors open for you....
I have mentioned several times as has the ceo...another asset in form of an acquisition can be added to our p/f....lastly and least...DIVIDENDS payouts will be the norm....
No wonder why insiders have held to atleast 60% of total shares in issue....
This could be the share of 2023/2024....MULTIBAGGER in the making.....
Only risk i see now is the upcoming FLOW RATES ( which shouldnt be a problem imo )...once FLOW RATES are confirmed and if they are as good as we think they will be...then let the GAME COMMENCE in here....
Traders will be happy with 10/20%....INVESTORS will be EYEING ..many many BAGS.....we will not go up in straight line...we will be consolidating nicely NORTHWARDS upto and beyond 1p mark in wks/mths ahead ...
HAPPY DREAMS
Seisprocessor...i have to say...one of best if not the best post i hve read on this bb...thanks for sharing your knowledge/calculations...
Even though you are guessing...u have shown how you have come to final conclusion...lets hope ure calculations are bag on....:))
We need knowledgeable ppl like you to post more...it gives ppl like me even more confidence...
Its tought out there playing in this game....with all kinds ....bashers / traders ( changing colours depending on which side of trade they are on ) / shorters / mm's manipulating etc...
Keep it up...
if you dont mind....what are your thoughts on upcoming flow rates?
Cheers
Ghost
For many after disappointment time with adv...now here at bce its fresh start.
1st hurdle was to increase current production levels, we raised and drilled schb2 targeting 3.8m brls...hope was to see production of 200bopd-1500bopd ( mean 600bopd ).
It was suppose to be 25 day drill which turned into something like 50 after facing problems ad having to sidetrack. Bottom line is we got there in the end...and RESULTS beat pre-drill estimates...by how much we dont know...2 main questions
1. How much has reserves ( 3.8m brls ) gone up by??.....up it has gone we now that much...7m 8m 10m more or less is anyones guess...after flow test results ...we will be given new report with updated reserves ( something to look fwd to ).
2. What would flow rates be...we know mean was 600bopd....at bottom end we was looking at 200bopd....with improved quantity/quality of oil we all can assume...mean would have increased now....by how much is anyones guess....i suspect at minimum we will know see 500bopd/600bopd....
Key was reaching 600bopd figure....this is the figure which has been used for modelling....fingers crossed we have surpasses that...
Current field we have just drilled on is just part of our p/f...adding more by way of further acquisition has not been ruled out...on this current field PLAN was to drill in total 3 wells within 18mth-24mth...all of which would be tied to existing production facility.
More crucially many dont understand....this current drill on success would have meant...we will be self-funded for further programes...be it next drill or another acquisition.....we have already done the maths....200bopd-1500bopd..would mean ...profit of something like £4m-£30m per year pre drill mean being £12m....it clearly shows if mean was reached...we could easily self fund...2/3 further drill a year...larry did say each drill costs around $4m.....
Risks are there...thats the reason why we are trading on AIM...nothing comes risk free....but from where we are standing...its looking very very good...future is looking much brighter than adv days...
I myself have not sold a single share yet...have only added multiple times...as i see this as a no brainer....different ppl will have different ideas/opinions/strategies....i say each to their own....as long as all of us are winning collectively...thats all that matters...
Being positive does not mean results will be positive and that they will go our way...all it means you are backing your investment with 100% conviction....there is no point investing in something and starting to have doubts.
I wish you all the best...like the heading suggests....i hope this is just the start of the journey for BCEers
HAPPY DAYS/DREAMS
GHOST
Not long to go now....if you are out by end of play today...then u might not be able to get in #bce be4 flow test rns...
The risk is on FLOW TEST rns ( possibly tues 7am ) u will end up paying MASSIVE PREMIUMS
each2their own
Ghost 800bopd
Givos 1100bopd
Johnbell 999.99bopd
Flava 950bopd
trackerty 850bopd
80sCasual 750bopd
DaProphet 900bopd
Petroinvestor 1264.79 bopd
Masonmaster 1378bopd
MediMan 1100bopd
Wareing1972 1225bopd
Oilandga 1250bopd
Hellfighters 1480bopd
Calorn135 775bopd
Gordonbennett1 1200bopd
OptimisticStuey 650bopd
Landicaamans 775 bopd
ScarletVixen 500bopd
RogerJolly 950bopd
Smiler888 650bopd
Steve58 1140bopd
boombag 1600bopd
LoveMonke 600bopd
Mattpr1 1050bopd
Rolix 1470bopd
86KB 1500bopd
Mightyeagle 1000bopd
MSA 2400bopd
Amc20 1000bopd
bobrad 175bopd
Ghost 800bopd
Givos 1100bopd
Johnbell 999.99bopd
Flava 950bopd
trackerty 850bopd
80sCasual 750bopd
DaProphet 900bopd
Petroinvestor 1264.79 bopd
Masonmaster 1378bopd
MediMan 1100bopd
Wareing1972 1225bopd
Oilandga 1250bopd
Hellfighters 1480bopd
Calorn135 775bopd
Gordonbennett1 1200bopd
OptimisticStuey 650bopd
Landicaamans 775 bopd
ScarletVixen 500bopd
RogerJolly 950bopd
Smiler888 650bopd
Steve58 1140bopd
boombag 1600bopd
LoveMonke 600bopd
Mattpr1 1050bopd
Ghost 800bopd
Givos 1100bopd
Johnbell 999.99bopd
Flava 950bopd
trackerty 850bopd
80sCasual 750bopd
DaProphet 900bopd
Petroinvestor 1264.79 bopd
Masonmaster 1378bopd
MediMan 1100bopd
Wareing1972 1225bopd
Oilandga 1250bopd
Hellfighters 1480bopd
Calorn135 775bopd
Gordonbennett1 1200bopd
OptimisticStuey 650bopd
Landicaamans 775 bopd
ScarletVixen 500bopd
RogerJolly 950bopd
Smiler888 650bopd
Steve58 1140bopd....
keep adding to this list guys....
Atleast today well atleast so far we have not seen block seller selling in 5m and 10m blocks...if anything we have seen 2 buys .... 15m and 10m...
does this mean seller is DONE/OUT...
well lets hope so.....
Ghost 800bopd
Givos 1100bopd
Johnbell 999.99bopd
Flava 950bopd
trackerty 850bopd
80sCasual 750bopd
DaProphet 900bopd
Petroinvestor 1264.79 bopd
Masonmaster 1378bopd
MediMan 1100bopd
Wareing1972 1225bopd
Oilandga 1250bopd
Hellfighters 1480bopd
Calorn135 775bopd
Gordonbennett1 1200bopd
OptimisticStuey 650bopd
Landicaamans 775 bopd
ScarletVixen 500bopd
RogerJolly 950bopd
Smiler888 650bopd
Ghost 800bopd
Givos 1100bopd
Johnbell 999.99bopd
Flava 950bopd
trackerty 850bopd
80sCasual 750bopd
DaProphet 900bopd
Petroinvestor 1264.79 bopd
Masonmaster 1378bopd
MediMan 1100bopd
Wareing1972 1225bopd
Oilandga 1250bopd
Hellfighters 1480bopd
Calorn135 775bopd
Gordonbennett1 1200bopd
OptimisticStuey 650bopd
Landicaamans 775 bopd
If BUYING PRESSURE continues....
we could see ASK reaching somewhere between 0.25-0.30 by cop....
Tues am on +ve flow test results we could GAP UP and open somewhere between 0.35-0.40 ...well thats the PLAN anyway...
HAPPY DAYS!!!!
Mm codes
http://www.pennystockdream.com/Market-Maker-Signals
1. 100 - I need Shares.
2. 200 - I need Shares badly but do not take the stock down.
3. 300 - Take (or I am taking) the stock down at least 30% so I can load shares.
4. 400 - Keep trading it sideways.
5. 500 - Gap the stock. Gap can be up or down, depending on direction of 500 signal.
6. 505 - I am short on shares
7. 600 - Apply resistance at the ASK to keep the price from increasing.
8. 700 - Move the price up.
9. 777 - Also recognized as a signal to move the price up.
10. 800 - Prepare for an increase in trading volume.
11. 900 - Allow the stock to float and trade freely.
12. 911 - Pending News/Press Release On The Way
13. 1000 - Don't let it run
14. 2100 - Let it run
Ghost 800bopd
Givos 1100bopd
Johnbell 999.99bopd
Flava 950bopd
trackerty 850bopd
80sCasual 750bopd
DaProphet 900bopd
Petroinvestor 1264.79 bopd
Masonmaster 1378bopd
MediMan 1100bopd
Wareing1972 1225bopd
Oilandga 1250bopd
Hellfighters 1480bopd
Calorn135 775bopd
Gordonbennett1 3000bopd
OptimisticStuey 650bopd
Landicaamans 775 bopd
Am EXPECTING massive day on VOLUMES front when flow rates are announced ... if they are HIGHER than pre-estimates of 600bopd...
then god help mm's ..
#bce could easily do 50-100% or even more in
ONE DAY
HAPPY DAYS!!!
Ghost 800bopd
Givos 1100bopd
Johnbell 999.99bopd
Flava 950bopd
trackerty 850bopd
80sCasual 750bopd
DaProphet 900bopd
Petroinvestor 1264.79 bopd
Masonmaster 1378bopd
MediMan 1100bopd
Wareing1972 1225bopd
Oilandga 1250bopd
Hellfighters 1480bopd