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Furthermore. Oil is Forecast to be in serious Supply Decline by 2050. The advent of Renewables is not so much about being Environmentally friendly (Because they aren’t) but more so about replacing the Black Gold that has Fuelled Human Development in recent times. We need to protect Oil Supply.
How I here you ask ?
You drive the price up.
Try replacing all the infrastructure without Oil. Goodluck. Chops some trees down ? Chop Chop.

ShareThis. When Oil does go above $60 then please come back on here and say hello. You confuse Oil with dominant being used as Fuel. The Fuel is just the wastage refined and put in a combustion engine. You cannot use that for the Quality products that Oil is fundamental in. So you still need the sImilar Quantity of Oil at the Top End of Human Development. Turn off the Taps and see what happens.
What does a World without Oil look like ?
How do they make the Wind Turbines (That go to landfill after 20yr) with No Oil ? Have a go and see how you get on.

I disagree. Let’s see what a World without Oil looks like ? You’d buy a Bottle of Aftershave 100ml for £80 but yet a Barrel is just $55. No / I think Oil has a long way to go re Price. A long way to go ...

You’re welcome.

All about opinion Longfell. The MCap only rises or falls on the back of Sells v Buys ; does it not ?

People actually make money by Selling Day before the Dividend Date and then Buying back in lower after Dividend Date. The SP rises again often on the back of people who receive the Dividend and re invest in the Share as price lower and now they have more funds available.

Lucky. Dividends are often Paid Bi Annually (Twice a year) / so you could say April and Nov. If the Annual Divi is 5% you will usually find this is offset by paying say 3.5% in April and 1.5% in Nov. A Dividend is Declared by the Company and a Dividend Payment Date declared. If you hold Shares on that Date then you will receive your Share of the Dividend some 7/14/21 days later in the Account to whoever you hold your Shares with.
What you will often find is that the Dividend Date comes. On the day the Share Price Tanks because everyone Collects the Divi and then Sells. The SP recovers like an escalator until the next Dividend Date and then Repeat.
You often find good Entry Points day after the Dividend paid. It’s all a Game.

6.5p is clear Resistance Territory. Brent charge (Good for Serenity and Tain prospect) may absorb the pending fall before I3 breaks out to 7p. Hope they are getting those Wells back online..

That makes sense Tony.

It always puzzled me why I3 / once made the Serenity Discovery / why they didn’t have contingency plan to scrap the Liberator Drill and then immediately begin to Appraise Serenity on the Third Drill ? All their Drills were right on the edge.
It seems to me that I3 knew what they had in the bag and so Gambled on the Liberator Drill / However sticking to the Original Plan nevertheless.

Far be it for me to advise them on how to Drill / but surely an alternative Second Drill on Serenity (being the Third actual Drill) had to be in the Plan / should Serenity be a Hit ?

Anyone thinking like me ?

I’ll answer that one myself. The answer is No.

So what about £80m ?

If someone Offered £50m right now for Serenity as it is, would anyone take it ?

As welcome as that is Kane / I never trust anything WHIreland or others have to say with their wild predictions. Not one of them predicted 6p.

I3E found the Oil.

Hi. I have £50million and I would like to buy an Oil Company. What production Rates do you think that would get me with a 10yr life expectancy ?

Failing that. I wonder what size in recoverable barrels in an Unappraised Oil Field I could get for £50m ?

Thanks Kane. I will stick with my $35m as my own Guide for 2021. A lot can happen in a Year.

Thanks JAdam / Mirabaud very valuable info. Will re read for the umpteenth time later. A lot in there.
I’m asking on here if people want to Verify if my $35m Bottom Line Profit for 2021 is realistic ?
What do people think ? Have people got any thoughts or Targets ?

And JAdam. Your Input on here adds great Value as does Tony. You seem very Negative to me re Tony and it doesn’t have to be this way. I think Tony adds great Value also. You won’t change anyone’s opinion through an Avatar. Lay off him. Tony knows a bit I have to say.

I agree with your Comments GGG. I am still after a Ball Park Figure for Annual Profits. Yday I came up with over $80m minus All Costs to deliver something in region of $35m Bottom Line at 10000 BOEPD for 2021. Am I way off ?
Is $35m a good Figure to Work towards forgetting the F/O and any unforeseen serious maintenance disruption ?

I should hope it does as the promise is to pay 30% of fcf. 25% being = 1Q.