Member Info for gordon1237

Another dummy trade. Could now sell 5 million at 0.0806.

Interesting. You could be singlehandedly responsible for getting it back to parity. Atb.

Well that's strange Conger. All 10 million or so? In that case you got a very good price. You were able to buy at or even below the price I could have sold at a few minutes ago. Maybe It depends on your broker.

drop. FFS. A bit puzzling when there is apparently quite a few decent buys. Just done a dummy trade. Quite easy to sell 5 million at 0.0801. So it looks like they are sells. I repeat FFS.

Lol.

Well, you'd hope so Vf. Lol.

Perhaps he'll have calmed down by then. Lol.

Perhaps some annoying person emailing him prompted him. Lol.

They did say in a previous rns that they expected it be within the existing budget.

For me the main positive takeaway from the rns is the gas flow rate is virtually identical to that on 19th October. No decline at all. Hopefully means once the fluid is gone it will be stable at a higher level.
The condensate /oil numbers don't really add up. Should know more next month.

Surely buci, if they were sold at 0.056 pence, there is a massive spread, and the oz mm's, or whatever the equivalent is, would be reselling them at a considerably higher price. Probably not much of a margin if any. Maybe those mm's could resell them here themselves. Perhaps that's not allowed. Interesting.

Yes, Stayt was copied in to my emails with Roland. Wonder if it was him who asked for my posts of the emails to be removed. If so, it's a strange sort of investor relations.

Surely, after a 13% drop in 2 days we can hope for a bounce back today.

VF. It says " both potential farmees and key stakeholders". That means as well as farmees they are also talking to stakeholders.
If I said I was having a party for both friends and family, it wouldn't mean there were only two friends there.
I think we can agree that hopefully, there are more than two potential farmees. Atb.

Still the gas, oil and condensate are bringing in around 120k per month. Not near break even but very welcome.

Actually, rereading the rns's, we are both getting mixed up. On 21st November they said that in October 893 barrels of oil were sold. So production started in October. We don't know when, so we don't know the October average.
By 21st November the average was 50 bopd. However, that included the condensate. For that amount of gas, which is consistent, the October 19th rns says the condensate is about 17 bopd. So
by 21st November it looks like the oil was about 33 bopd. Now they say that oil and condensate is averaging 23 bopd. The gas is still the same, so if the condensate is still around 17 bopd that means the oil is down to around 6 bopd. That number can only be approximate as a bit less condensate would mean a bit more oil.
Overall though, you are right, it looks like the oil is down to single figures. They did warn us that the wells would have an initial flush after being shut in for so long.

Hopefully, the discussions with the Directorate of Hydrocarbons will help to expedite approval of any farmees.

Plus about 70k for the gas.

they mention

Don't think the mention a number for farmees VF. That 23 bopd is quite a drop of from the October number of 50 bopd, but they strongly imply that would happen. Yes 50k is about right.