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Hope Graham and Majid are having a good laugh over my Innocence.

10000 BOEPD 60/40 Gas/Oil = $248000 per day Returns x 7 x 50 wks = $87million. Deduct 60% of that regard All Costs / gives you $35million Profit / Annum ?
Anyone care to put me in the mincer ?

So Ball Park 10000 BOEPD 60% Gas $12 and 40% Oil at $44 ($50 - $6) Returns 6000 x $12 plus 4000 x £44 = $248.000 per day. Is this a Fair Ball Park Figure ?

$250000... Yes ?

That helps Kaneonaim. Many Thanks to you and GGG.

Furthermore / If i3 Investment case centres around them “Pruducing 10000 barrels of Oil per day”. How can they fulfill that requirement when they aren’t actually producing 10000 barrels - Only the “Equivalent”.
Yes GGG - I now get you / regard 10000 BOEPD in Energy Terms.
I guess I am now after a Ball park Figure within 20% accuracy re how much Income that Returns in £ or US $.

Cheers GGG. My brain still has difficulty with the Barrels of oil “equivalent”. Yes I can understand the at there is different Prices for each product (multiple product).
I guess my lack of understanding centres around how do they come to Calculate 9000 BOEPD Figure ?
How can they come to that specific Figure unless whatever they produce (Oil Gas Condensate Nuts Bolts whatever) equates to the Actual Value or equivalent of 9000 BOPD / Thus 9000 x WTI - $6 pb?
Do you get me ?

Forgive me. Can someone please explain to me in Layman’s / If 9047 BOEPD 60% Gas 40% Liquids - and say Oil is $50 barrel. Does that mean Income of $50 x 9047 ? What I am saying is that if Oil returns more than Gas / Would they have to actually produce more than 40% of the 9047 in barrels to actually Report 9047 Barrels equivalent?
Do you catch my drift ?

So Gas is Forecast to be on a very modest downward trend re Pricing text 3rs or so. I3 needs more of the Black Gold.

Sorry / 15p Values NSF approx £45m.

Watch out for the March to April 2020 dip to 15p. That Values NSF at £30m which was approaching £200m in Revenue before the Cat knocked over the Covid-19 bottle. All the Infrastructure is still in place. Tick Tock.

Wonder if the Tain Project goes ahead ? No guarantee. I3 always seem to be placed on a Bigger Project if it happens but never actually does. As in the Canada Keystone pipeline.

So Mav. Have current EDL CEO and CFO not got the push ? (EDL CFO only joined last year ?) Teunon CFO of NSF is old news and was scheduled to leave. It was because his Options could not be filled. A smooth hand over of over 3M occurred. Previous CEO MCT at EDL is also old News.

Click on JVK smiley face middle of the screen.

It’s ok Mav. It is what it is. The Video is far from the Truth as where NSF are at present. There is no confidence in the Market that NSF can deliver on the Goals set out in the Video. And that’s with the Main Shareholder represented on the BOD. T/O ? Look at the SP <1yr Anniversary. Time Ticking until the March/April drop 2020.

Looks bad. They cannot cope with another Scandal. HC will not be lending “Strong” during Q1 with New Lockdown. EDL same boat ? I think this is in trouble now. No Communication from BOD. None.

How do you know they have left Challenger 100 ?

Freshair you have my support.

CFO Teunon left NSF as his Renumeration was not going to deliver a £1.20 Share Price. He had many Options I believe. CEO at EDL was MC Turner. If you check his Director Buying - It was Tremendous !! And he followed it all the way down from 60p SEP 2018 to 36p JUL 2019. There was No Stopping him. Leaving NSF would allow him to Sell on Open Market without RNS but as yet - Impossible for him to have Recovered his Investment.

Surprised you speak on those Terms when Lloyds covers 5% of the Market on Fossil Fuel Investment. But each to their own I suppose. The Good thing about Serenity and Tain is that it has Targeted Oil for AUG 2022 and all can be extracted by 2030 / should the Project go ahead ?
My Main Question is - What does a World without Oil look like ?
Few people may know that the Gasoline in cars etc is only the waste product from the real stuff. Years ago they had all this waste and said “What can we do with this ?” “I know, we can refine it a bit and put it into the combustion engine”.
My Point is - We will still need Oil and in the same Quantities as the stuff at the pumps is just the leftover crap.
Oil Forecast to begin to run out 2050 ?
What does the World look like with No Oil ?

To confirm it is JAN 2022. Sorry. Typo.