Member Info for ConMan94

There will be no buy backs and no dividends - coming up:

Sancrai Drill Well + 3 further wells at Sancrai
Possible new gas plant at Sancrai (flow rate dependant)
Pump installation in Tunisia (3 I believe)

This all costs money and buying back shares or paying a dividend is 100% not the best use of shareholder funds.

dont see them buying back shares when they've got better things to be spending their cash on to increase cash flow.

I think you'll be alright Thompi. It may well have a pull back but I was fully expecting 100p+ by October and by the way things are going, it looks like it could be in the next week or so!

RD - 2554 BOE/D is not less than what we were producing in 2020.

Exit Rates

1st QTR 2,000 BOE/D
2nd QTR 2,514 BOE/D
3rd QTR 2,211 BOE/D
4th QTR 2,122 BOE/D

I estimate Romania is producing 2045 BOE/D and Tunisia 509 BOE/D

People are not factoring the decline rates in Romania and I fear this may lead to some peoples expectations being too high and thus a negative view of the results when they're released. My estimates take zero consideration of the compression that's being installed at Moftinu and assumes workovers have been completed in some if not all of the Tunisian wells.

My estimate for the end of Q1 results is 2554 BOE/D.

Lethal, take the figures from the presentation (netbacks) and forecast your own cashflow from each well including declines. Make a prediction on Sancrai and then check the numbers. This is essentially what Auld told everyone to do.

can u link us?

NT

Looks like we're firmly back in an uptrend again. Will we see the ATH taken out this week? A few more months guys and then the world is our oyster. Well just North America at first but you see what I'm saying.

Depends on if all the selling has stopped I suppose. I'm not setting weekly targets personally.

Have a great weekend all. This was a good week. We're getting close.

May as well go to 2m now to get to a round number BD ;)

Providing Sancrai comes in and the O&G price hold at this levell or greater, I'm looking at a £100m MC. which is c9p

We're drilling Sancrai in the next few months Predator. If they get gas again here then it's boom time.

Maybe, but one thing is for sure, we're getting closer by the day. Long and Strong.

probably because they doubled their money in the space of a few months.

tomorrow should be interesting

I'm with you FD. So much to look forward to here.

- Sancrai Well
- Tunisia Pumps (awaiting sign off from Tunisia's regulation body)
- Moftinu compression
- Possible share buy backs (unlikely imo)
- Madaras news

It really is one where you just have to sit back and wait. Patience is the game here.

They raised cash at 2p, some will be selling. Just sit it out and wait. Look at whats happened at RMM. A very similar situation. They hovered around .3p for ages and then bagged in like the space of a week

probably another lockdown at this rate. Will open the SP up to one last dump before the vaccine kicks in and rates remain low and then should be all the way back up.

What else do you want them to say? They're waiting for the authorities to approve the work.