Member Info for doubleup

Mate you are not and can not invest here now. Why is your agenda?

Hi Chris... love where you are taking this but I can say, after 35 yrs of doing this, it is difficult to assess the value of any asset and what the market will reward for it. I wouldn't spend too much time in trying to figure it out... let me explain Not all barrels are the same in terms of value. We evaluate fields on a very technical and commercial in-depth modelling and our models are extremely sophisticated. As you know it is not just the production of the well but also the decline rate as you well know all oil fields go on decline in the very early life of the well. The next question is what is the operating costs and following that we look at the fiscal terms governing the production cashflow. In North America there is a royalty scheme where the govt get's its share. Indonesia is governed by an Production Sharing agreement where the company supplies the capital and expertise and in return retain a percentage of the gross production. The advantage of the PSC system is that even though we would only receive, say % of the gross production but we recover all our costs from the govt share. So for fields on production, and for CEB it is why we are focusing our attention on farm ins for a work program because we would immediately be getting those costs returned from the govt share, the next month actually. The net amount of capital we have to raise will be the gross capital less what we get in return from the cost recovery pool generated by production. The last and the most important factor is assessing the value of production in Indonesia is the oil price and quite frankly no one knows where that is going however, history has shown that oil prices are a function a huge swings depending on the supply demand picture. What is interesting to know is that the world's oil demand has made the largest jump in 2015 in history. Here we go again, high prices cause huge investment in the shale oil play in the US (which have been carrying close to $0.300 trillion in debt) then based on the glut in production the demand gets out of control, prices drop, major oil companies cut investment and low and behold, supply drops and the demand side takes time to react as people must change their lifestyles to a certain extent so demand continues and supply drops and when the first buyer of a crude ship has to bid for it in competition with others, then the oil price kicks up as quick as it dropped. Anyway, hope you found this helpful, it would be wrong to give you any comments on the content of your assessment so good luck with it all. Cheers Dave

whats your name on twitter?

Just received an email from DW, have asked him if he minds if i post on here and if he says ok i will update. Thanks

Im basing this on what DW said in the podcast that each BOPD adds approx $40-$60k to company mcap, ive spoken to a few who agree with this

please explain

just my novice calculations based on what DW has said, of course there may be other factors im not aware of but all i can go on is what the big man has said, not looking at anything below 1000 bopd. fingers crossed

imo DW WILL secure all 3 assets whilst in suspension, they have been working on them for 6 months so far, 2 offers on table and in discussion with Indo gov when podcast went out. Basing each asset on 1000 bopd with a minimum 30% (300 bopd net) and a minimum value of £26k per bopd means each asset adds £7,800,000 valuing the company at £23,400,000 giving a sp of approx 3.5p. if we have 40% of all 3 it gives a value of £10,400,000 per asset or £31,200,000 mcap with sp approx 4.3p. any placing of shares will imo be done after asset deals secured meaning any placing price will be done at a big premium to todays sp. If company values bopd at the upper region of £40k per bopd each 1000 bopd with a 30% interest adds £12,000,000 to the company. if all goes to plan and with dilution i see us coming out of suspension between 3-4.5p. Opinions?? Thanks

How long you guys think?? I say 4-6 weeks

shes aliveeeeeeeeeee

Where's that mate?

...................

the wrong way

a bean :(

surly there would of had to be one as this is price sensitive info?

down :(

now saying approved but nothing is confirmed until RNS

I think there will be lots of angry people here

slowly moving up

500% rise