Member Info for granto

I'll wait until The mine opens -

I hope Vlad is ok, which is more than I can say about my money . There is no hope of an appeal in my opinion and RS is only trying to give hope of a lifeboat to the angry investors . We will be lucky to see any of that $14m after the lawyers scrap for it. Unlikely we will come out of suspension - or an appeal will will happen. The SP was steadily declining in recent months and I was getting worried. We all knew the risks so no complaining folks . My loss here is huge but I have no regrets - I believed in our case . I all the best in 2016 - ( 2015 was awful ) .... But we have out health and family , and freedom which Said does not.

Exchange rate helps a little , but poo in Russia is $40 a barrel and that's down 5% on November . No Capex paid, but costs manageable . It's not a great position . But we could and would have gone under only for the farm in

So the bank is 100% screwed . Nice one Del Boy

Oh to be able to edit .

Abandon ship lads. Looks doomed

Happy Christmas to you and your families . My your God shine on you .

We signed the deal in June! Binding ! Seems some revision took place since but I reckon that's a tweak . No wonder we had no RNS! At least it's not a full carry - so we won't get stuck on a pointless drill .

That Ivory Coast deal is interesting . Last summer AP were claiming the project was worth $90m . Let's cut that in half because of the PoO. Is it worth $45m ? Or $30m? If it is proven with a successful drill it would be worth $200m or $90m to us , but the chance of success is only 20%. With all the bargains out there I'm sure the deal must be better than I paint it . By the way AP spent $50m on 3D and exploration there. Not the worst deal I guess for us

All the best - low price to sell at

We could be year another year or two - but the odds are sound

clearly the reservoir is a lot more technically complex than anticipated. it is time to value this in reverse. 1, what value to you place on 360m BoO reserves in SIB section ? lets assume that only 50m BoO are recoverable. less cosy of Capex, the piping and plant is already in place at `LIM. PTR have not the money for SIB drilling and piping, so advance here OIL may have to farm in or but PTR out. That's even if they fancy the risk of going after SIB/ My guess is they will. It bigger than the other parts of the license put together, TUNG has been a disaster but lets await Jan figures.

I thought 38p was the bottom. so really I can't call this, lack of updates on the bank is bad news indeed. Lower fuel only helps a little.

There is two dimensions to this. 1 Production 2 Reserves Production. The two Hz new wells have been a disappointment for sure, but perhaps new need to wait until January before making a full judgement here. But overall TUNG has been a poor performance, Meanwhile ARB also has slowed up a little, No mention LIM figures. clearly 2500 bopd is a very disappointing return for $45m invested, ( spare a thought for Oil India who invested $75m for the same 50% stake in the license. RESERVES This company is now valued on its reserves and not its production. The SIB reserves are estimated at 360million barrels. C3. even in the worst times Oil has a discovery cost of $1 a barrel. With oil prices so low, and production facilities needing a new pipeline to reach it is hard to say if these reserves have any commercial value AT THIS TIME, However, should Oil ever increase in value, Investors here are clearly sitting on a massive oil field. …The reserves in ARB have increased and the new Hz wells there will assist in production levels. CONCLUSION This company will be lucky to make money next year but is unlikely to lose much either. The question is ….what value do you place on its huge reserves and current infrastructure including pipelines and central processing plant. ...

mixed report.

the cost of first gas has just fallen 25%, saving $160m ……and 30% to 50% of gas prepaid prior to production …..and the market yawns. Pity. this is a real step forward,

well played...

ok, I suppose one way of looking at it is, if its is cost effective to built even when prices are low, we will have nice profits if high prices return. I too have lost interest here waiting for this, and staring at losses. maybe one day.

With any luck a few giant stones too

I'm grand, spend my days, crunching the numbers, running graphs, scratching my head with ifs and buts, and then I get a text from herself ""I'm shopping,I got this and that and the other and it's so busy in the shops, it's awful, look i'm heading home soon, I'll drop into Jill on the way for a coffee, i'll get a cake on the way…."". here I'll give you a laugh, she asked me what I wanted for Christmas and I said " a bottle of Brandy and a handgun""…. I got a smiley face back….not sure what that means……. anyhow aside from all that …..happy christmas mate