Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Nothing at all Truth? They've been at it for 3 months now, would have thought some progress was being made.
Or
To Uggy's point, both UJO & RBD seem to have suffered significantly due to leaky ships, maybe this has been addressed by the BoDs at last?
There must be something behind this rally.
Very good to see us moving in the right direction.......News on the way?
Thanks for the response dm, I did hover over the buy button myself, but didn't take advantage, unfortunately, so still a long way back to breakeven for me.....
You picked the right horse with JLP, I picked the less than honest team at BMR, not a good move.
Reckon you're call at 1.4 is very measured, hope we'll see something north of that......
Out of interest, what's your best guess/most reasonable case for the sale of C & sp impact dm?
Well done on buying at 0.1.
Cheers VHB, yes, you are correct.
Even with your corrections, we're looking at very substantial potential production.
Just need to get Victory sold then full steam ahead!
So, expect this will be a Noddy question, but would appreciate a little help from those that know........
Rathlin are applying for planning permission (yes, yes, I know it has not been granted yet etc.) for 4 additional wells.
The RNS stated production from horizontally drilled wells at 1,000 popd for oil & 5,900 poepd for gas.
I assume (maybe wrongly) that we can sidetrack & produce from the existing well, and have, for e.g., 2 gas wells producing 5,900 & 3 oil wells producing 3,000.
Daily production would then be 14,800 bopd/boepd @ $88/barrel giving $1.3M gross revenue/day?
Thanks
Cheers Uggy
NVG, I know all too well the sp performance has been pretty dire & it would appear the Co-CEO's haven't done a particularly good job at managing risk/expectations.
Having said that, they are not stupid people, will have a plan, and it appears several pieces of the jigsaw are being moved into place.
I think we'll get news on Corallian sooner than people expect, the Daybreak deal looks like the best of a bad situation & WN looks very positive. Not sure what is going on with Parta, but time will tell.
I think we'll realise cash through Victory to fund any further cash requirements at WN & with the gas price as it is, have a very substantial amount left over.
Since strategic review of C announced, any estimations on when first news will come through?
Looks that way Snaffleman, pretty shocking where we are & nothing from the BoD to provide any reassurance........fwiw, I think the comments regarding EWT's not being needed were from Malcy.
Very sorry to hear that Uggy.
"Victory is worth something but in the past your valuations have been pie in the sky I´m afraid."
Out of interest, where would you put the value of Victory Uggy?
That may be true JP, but doesn't mean he's wrong on what he posted.
Maybe not dead yet:
https://twitter.com/leedbartz/status/1463116690384953346
Very sound, structured post by Novykluk reproduced below. Surprised none of the usual suspects who "search the corners" for any negative didn't try to dismantle the logic shown or rubbish the conclusion. I can only assume everyone is therefore in agreement with Novy's reasoning and the very positive near term potential of RBD? Thanks Novykluk.
"Uggy100 replying to your Post of Saturday 23:24 Thank you for your courtesy!
On the Company's website their Presentation on Victory, dated November 2020, gave an NPV10 (for Victory) of between £85m (based on gas at 42.4p/therm) and £146m (if the price of gas were 50p/therm). (see page 3).
We all know the demand for gas has increased dramatically and the price of gas futures is now around 200p/therm. I am NOT suggesting however that is a realistic level on which to base a valuation for Victory.
In their Presentation though, Reabold attempts to give an indication of the sensitivity the price of gas has relative to the NPV. (see page 16).
That slide states their base case is an NPV of £145m (rounded from £146m) with gas at 50p/therm. It shows that if the gas price reduces 30% to 35p/therm, then the project NPV reduces DRAMATICALLY to just £21m!! Conversely though, if the price of gas increases by 30% from 50p to 65p, then the NPV increases DRAMATICALLY to £265m!!!
Whilst the price of gas futures is just that, and not at all representative of what is likely to be negotiated with a buyer of Victory, consider the following very positive points;
* The Directors as recently as October, made very meaningful share purchases totaling £85,000! That's a very significant demonstration of confidence with their own money!!
* There are a number of parties interested in securing these precious gas reserves, all of whom will know they are competing with one another in an "all or nothing" bid situation!
* The RNS of 20th October 2021 states the latest CPR has shown a 14% resource increase, increasing the NPV to £196m (still based on 50p/therm)!
* If one uses Reabold's own "sensitivity model" (Page 16) but now based of £196m NPV and gas at 65p/therm, then an increase in NPV to £358m is implied."
"I hope you're right; I can get my money back then and disappear."
Please God, let him get his money back.
Yours Sincerely
All LTHs (& probably everyone else)
Some chat around WN 21:30 onwards for about 5 minutes. Nothing new as you would expect, but generally still upbeat.
https://www.proactiveinvestors.co.uk/companies/news/966324/union-jack-oil-extended-interview-with-chairman-david-bramhill-966324.html
Not seen you here for a while Truthfactory, what's your take on Victory & their wider portfolio, I think you are pretty clued up on everything Corallian related?
Sorry Uggy, I’m sure you’re very handsome/beautiful (delete as appropriate!).
Ugly, if I had the definitive answer to that, I’d be posting while having lunch with Geoffrey Cox from a 3*** M Resto in the BVI.
Maybe even stopped clocks can get it right twice a day and Victory & a.n.other will let the realise enough value to liquidate and get most of us back to some profit.
Or
Maybe Victory comes good & WN finally proves up, making us all pots of cash :-)