Member Info for Charlie156

Q2 23 sales/production were a company record, with a few days lost to river blockades and at a Brent price of $77, so there are grounds for cautious optimism. I'd really like to see Ptal hitting the ball out of the park in Q2 with production over 20,000bpd before the vagaries of H2 set in.

Need to hear some hard data from Blakeley, shareholders should not have to wait 9 weeks at such a crucial point in the company's operations. Coming over in March, avoiding a Q&A, doing a soft soap interview with Malcy isn't good enough.

Outstanding last 6 days in March, that's a minimum 2c Q1 dividend. Q2 could be a humdinger.

Moy, misleading is a bit strong, so I withdraw that. Have a good Easter.

Moy, there is a definite positive change in the oil price momentum, but the headline is misleading. BP's own data since 2023.

Average Brent oil price.

Q1 23-$81.17.

Q2 23-$78.05.

Q3 23-$86.75.

Q4 23-$84.34.

Q1 24-$82.89(to date).

These shares will double in the not too distant future. The FanDuel juggernaut is really getting into gear now, with all the years of investment starting to bear fruit

With extra barge capacity, decent river levels, more wells coming on stream, a healthy oil price, no social unrest, reduced time at Manaus to unload the oil, these are close to optimum conditions for Ptal to make hay while the sun shines. Peak production was 26,000bpd in July 22, off the back of wells 8H,9H,10H,11H, which all significantly exceeded expectations. There have been 6 further wells since which have all performed in line with expectations. It would be good to beat that 26,000 figure soon.

Driftking, the dollar has gained over 1% on sterling since yesterday, while the oil price has dipped. Improving BP's sterling dividend yield and share price in the process.

Today could be the day with the dollar strengthening that BP nudges over £5 into the promised land. With Gingy promising never to complain again if the share price goes over a fiver, I hope he enjoys his last few hours of misery.

Roxi, the less of you, the better. Please don't do to this forum, what you've done to the JSE one.

Only minor quibble, 17H production since March 1 has averaged 3300, which in comparison to other new wells seems on the low side.

Tom, I have a number of oil stocks and with the exception of JSE, am bullish.

Does that now mean JSE will be paying the 6.6p dividend that you said would be paid to shareholders in 2024.

They need every cent of that premium as well. If you're not concerned as a shareholder about the exorbitant costs at fields representing 35% of production, that's your business. There have been no hard numbers from Blakeley for 8 weeks, the market is normally right.

JSE 2024 guidance Jan 15.

Montara, 5000-6000bpd. Operating costs for the year $120m. Opex/barrel at 5500 midpoint of $60.

Stag operating costs for 2024 $70m.

Stag production FY22- 2176 barrels, there was a $60m infill at the end of 22.

HY23 production -2879

FY 23 production -2672. Present production circa 2500. Dividend that into the $70m operating costs gives you $76.50 a barrel. Without another costly infill the production will continue to fall, at 2000 barrels per day, the opex per barrel is $96.

JSE need every cent increase in the price of oil. The operating costs for Stag in 24 are $75-80 a barrel.

Brent average has climbed every week in this quarter to date. Average refining margins have risen each of the last 9 weeks. Momentum is building, which the market, however reluctant, will have to acknowledge.

Share price losing momentum, and a pedestrian buyback isn't helping. Spent £5.44m since Jan 30, while accruing £10m in interest income.

I don't believe in UFO's, but I'm not surprised that you do. Then again, Gingy's been a bit quiet, they might have kidnapped him.

Blakeley came all the way here for a presentation of little note, no Q&A and an interview with Malcy, who is not exactly Andrew Neil. Hope Business Class and a night out in Stringfellows made the trip worthwhile, with shareholders picking up the tab.