Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Anyone done any research on this? I've seen some stuff online about P2P energy trading, but don't really understand it. Anyone got any insight as to how OPG could benefit from this?
Incredibly difficult to understand Beza. To comment on it, I'd need to know how they've come to the figures. But generating revenue of $53m and only generating $3m of profit when our lifting costs are sub $10per barrel, something isn't right straight away.
It's pointless because they're making their own predictions or taking those from brokers of
1) Oil Price
2) Sancrai Success (if any)
3) Tunisia Upgrades
4) Moftinu decline.
For a company like this it's completely pointless looking at that, especially as they're not giving you anything to back up how they're getting those numbers. It's really quite easy to forecast what this company will be earning, but for that you need to pick your own assumptions. Oil/Gas price + you have to forecast what you believe Sancrai will pump and then see what numbers you get. Quite happy to send over my spreadsheet. You can then put in your own numbers and see what profits the co. will be making. ATB, DYOR.
Pointless looking at their figures.
Nice update there from the Guvnor.
- Sancrai well expected to be drilled mid year. Probably some time in Q3 from the sounds of it (If this is positive then strap in).
- Will need to see what's there before deciding on a new plant/using Moftinu plant
- compression to be added to Moftinu mid year to extend the production
- Capital programme signed off by Sabria partners, just waiting on signoffs and paperwork
I've got a 9p target = £100m Market cap. This is based on a successful drill at Sancrai with them hitting an underwhelming 4.0 MMscf/d + completing all Tunisian upgrades as per work programme |
GLA DYOR
Oh I agree with you Spudton, I'm fully loaded here, and will continue to add sub 3p. Imo 2-3 bags here easy within 2 years as long as Sancrai doesn't flop and prices hold up.
Moftinu declines at a rate of 3% a month which is clearly a big problem and one of the issues that faces Serinus and could put off potential investors. In Auld's interview today he's talked about using some sort of compression to help maintain the flow rates at Moftinu. We need more information on this as I can't see in the presentation this has been spoken about before, nor have I heard him or Calvin speak about it. He also said about potentially drilling one more well at Moftinu which would help.
If they can demonstrate that they have the ability to slow the decline of the wells then this will hugely impact profits and will put less pressure on Sancrai.
Should this compression not work then there will be big pressure on Sancrai to deliver Moftinu like flow rates. Essentially the company needs to reinvest it's earnings extremely wisely. If it does and gets success at Sancrai then all bets are off in terms of SP as in 2022 and 2023 especially we'll be making $30m+ in profit a year (Gas + oil price dependant).
I'm just finishing off my Serinus forecasts. Happy to share them if people want them just contact me on twitter same username.
thats $1m pm op profit btw
I've got us making about $1m from Moftinu, so unless you're getting $2m profit from 550 boe in Tunisia you're $3m profit is way off.
I've got forecasts from Romania of Op Cashflow of anywhere from $8m to $12m depending on the gas prices.
Tunisia I'm finding it much harder to accurately forecast due to the inclusion of both Oil and Gas. Any help on the split would be much appreciated.
JD how are you getting $3m profit a month.
Can only pick up in £500 or less on HL. Picked up another £1k
google is usually a good place...
https://www.google.com/search?q=wse+sen&rlz=1C1CHBF_en-GBGB931GB931&oq=wse+sen&aqs=chrome.0.69i59j35i39j0j0i22i30j69i59.2346j0j7&sourceid=chrome&ie=UTF-8
Buying op not a selling op
The work for Tunisia is clearly laid out in the March 2021 presentation QD. Well 1 to begin pump installation later this year.
lmfao cracking set of results. what sort of numbers did people expect given the oil prices last year, bunch of loons.
Anyway, look at average gas/oil price from last year and look at price now.
look at average bopd last year, look at what its going to be this year.
Easiest hold in my pf
Warsaw is limited by numbers.