Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Yes I am blaming Israel big time! International Law, under an occupying force (Apartheid for 75 years), you have the right to self defence, thats what the UN says. That was what Oct 7th was and half the dead were killed by Israel on Oct 7th. Facts based on Israeli Newspaper Haaretz investigation plus others.
As an oppressive force, this BS about Israel having the right to defend itself is Orwellian double speak. They are brutal bully, armed wing of the Zionist / satanists in the US and UK Govt.
One state with equal rights for ALL, one person one vote!! OR a Two state solution on 1967 borders, dismantling of all illegal settlements and right of self determination for Palestine and Palestinians.
Ceasfire now!!
HE1 was 6m mcap when they released news, this was double that this morning before the RNS. Calm down and its not the farmout and they are short of cash. HE1 did a raise and massive dilution a few weeks prior, thats why it 10 bagged at peak in 3 days.
Might be standard fair, but in light of recent diabolical events, its 99% certain this will play out in the event of a sale...
"There can be no guarantee that such a process will result in a sale or that even if a sale was completed, will result in net proceeds to the Company."
From recent Q&A (CEO)
The Bamboo Field is actually made up of four separate oil fields. The initial oil in place is over 500 million barrels, it used to produce 20,000 barrels and now it only produces 4,000 barrels. The decline is due to the fact that there’s been no investment in the field, there’s been some pilot studies which say you can basically double production by putting head down the pipe. So, if you had 4,000 barrels and we double it up with thermal recovery, that makes about 8,000 barrels, fixing of surface facilities that’s another 2,000 barrels.
So, in the future, we could be up to about 10,000 barrels a day which equals to about $500,000 a day of revenue. We’re quite happy with how things are developing there and it should be a very lucrative contract for us, it should be profitable and money-earning from day one. There’s no upfront cost to us and all the infrastructure and wells are already there, we just need to squeeze more oil out of the wells which is not a difficult situation.
Going to repeat this as people DO NOT understand the gravity of this deal and the material numbers from DAY 1 that it will produce for WCAT.
$200,000 a day from Day 1 @ 4000 bopd
$73m year
x 4 PE (Super conservative)
$292m mcap forward projection usually by 12 months.
10.4p a share to start, the plan is to ramp to 10k bopd, that targets 26p at 4 x PE, super conservative.
Usually 8 x PE is applied.