Member Info for Genghis15

Can't say i believe in charts, but its good to have the chartists on board. Ill certainly take a foreacast of 90p by end April!

I think thev meaning was that mobilisation news being in the offing would be unsurprising given that guidance. Must be close, Must be,

Unusually for the Mail, it seemed a sensible and thoughtful article, shorn of the uaual spite, venom, and false indignation.

I see the offending poster seems to have been removed, it always looked an odd story.

What I am unable to weigh up here is the likely ovarall outcome of hostilities with the sovereign govt of Macedonia.

Sure, the judgement may be valid in intnl law, but this is a notoriously corrupt region, and the govt ( usually, in these areas, connected closely to local business/mafia) have other levers to pull wrt licensing, public contracts, etc.

Or do we have the necessary krysha in place?

Nobody heard of opex? @ 12k bpd, it is in the mid to upper $30s, imv. So perhaps $30 gross profit, more like $360k pd, or $131m pa.

Still, enough to enable bond repayment/restructuring. IF the well continues to behave, and IF nOPEC continue to sactifice c. 8m bpd in cuts.
Still a lot of reservoir uncertainty here, tho.

All those posting with boepd figuresa need to rein themselves in.
OIL production, as opposed to gas, is c. 600bpd.

There is a good case here, but treating boe as all oil is extremely misleading.

Mostly gas!

BMD, but also Afzal tweeting furiously re farm in.

RNS simply says fundraise will enable seismic reprocessing "in prep for a farm in".

I can't see an early FI myself, and Afzal often seems too speculative 4 me.

BMd does have ears to the ground, tho, so who knows.

BMD, not Doc, but same, same......

Hassy. I agree, I had a very low opinion of Doc for years, but having looked at him a bit more closely for a while I think him more astute than his manner/style makes you think.

NVG
I share your disappointment at some their moves. I find them more competent than DB, however. Mb my view us a tad biased by talking to Stephen some years ago af Oilbarrel, which left ea favourable impression.
Still, regardlexss of all that, the focus now is WN.
Gotta be EWT news soon, I think. Imv the deelay is likely to be Covid rules, given we know the drill crew were all Dutch

Fingers xd Holland dont get a new variant and go on the red list!

I think the financial update is key.

Let's see how much of the placing cash has been burned, and we can then have an ideahow long the co can sit without a FO.

Of course, some comment on FO progress will be expecte also, but it is likely to be non comittal given confidentiality issues.

Just musing on why the SP pullback at a time when n ews should be imminent. Of course, the health situation in Brazil could be a factor, as could general market conditions, or just the tendecy 4 AIM shares to drift on no news.
But looking back to confirm that it is now 6 months since agreement in principle, i notice "Details of the settlement agreement will be disclosed once final contracts are executed." Now, this mb simply normal commercial/legal confidentiality ; but could there be some unwelcome surprise in ther re the payments due to creditors? If I were one, I'd be looking tyo attach a lien of some sort over future mine profits, for sre ; or mb even lump sums at certain pre or post production milestones.
Separately, I was also musingb on the possible cash position. KDNc keeps this close, only updating once a year as far as I can see. Cash burn appears to be c. £1.4m pa, and placings a regular occurrence. Could there vbe one in the works, either for more working capital, milestone payment, or both? Could that account for SP drift?

Just musing, if I've got anything wrong, please don't shout at me. I think the questions worth asing given the delay since last September.

Mb.

I don't know ...presumably anyone would loke access to the seismic, tho that may either travel with the licence, or come at a price, I don't know.

If a neghbour sarted some progress, that would be good. And if the Covid recovery continues, and if PoO continues to be supported by nOPEC, then exploratopn budgets will expand.

Theres a lot of ifs there.
That said, for all we knoe someone id keen already.

I'm not trying to rubbush the share, just throw the uncertainties and risks out to counter the blind optimism of those who are blinded by the size of the possible prize.

"There’s an awful lot of disparaging comments on the UJO message board on the competence of DB as CEO."

There's plenty on here rubbishing S&S, too.
Just noise.

Because the co is fishing for investment capital in a global pond that has few fish biting atm.

If you can see an obvious catalyst for whya co looking for early stage prospecting should choose here, as opposed to tens or hundreds of other oppportunities around the world, olease share. And no, not the size of the PROSPECTIVE resource. There are plenty of Prospective elephants around, as BPC can testify.

Bild is not a well respected outlet. The literal meaning is "picture", which tells it all ; it is the German equivalent of the Sun.

I am not here to debate Covid. Stop posting tabloid nonsense on an investment BB.

Nobody knows. Potentially 2, 3, even 5p, but don't bank on it.

Well results, macro factors, could all enhance or derail things here, and the long planning timeframews fr onshore won't help.

So, huge upside, but huge uncertainty too.

Utter nonsense, persimmon. Please keep your childish opinions of the EU off here. It's the RBD investment bb, not the Daily Mail.