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you are mentally unstable. go and heal yourself urgently or try putin madness clinic..either way you remain complete moron
its on https://www.youtube.com/watch?v=-EEL2-EZikc from 28th min
Sounds very optimistic for upcoming Columbia wells!
https://www.brrmedia.co.uk/broadcasts/61f7ca1e12956e448c996b23/arrow-exploration-introduction-video/
Where did you get this? Maybe a good sign that we are still alive
I agree with you and that's why, after doing some research and following it for a week or so, I bought 400,000 shares today. The oil price and the upcoming drilling gives it impetus and as you said the CEO's history and credentials are to be respected. Credit to them for growing production so quickly
doing some research and like the company, management, acquisitions and growth. I respect them a lot for paying the very decent dividend.
I am just confused about the debt. They have cash in bank, growing cash flow so why would you need this minimal debt? Sounds like a strange decision by management. How much is this minimal debt and why maintain it and lose money on interest when you have cash etc. for capex and growth?
Let's reiterate again - in last 3 months (Oct. especially) gas prices are at huge and unprecedented level not seen in last 10 years and that has huge impact on JKX revenue that I believe has NOT been reflected yet in its sp. This is despite drop in production as currently (and last 6 months) the impact of this is in my opinion marginal comparing to gas prices growth.
Lets do some simple calculation just for October and just for gas in Russia (assuming quoted $65 per mcm as in last quarterly report) and Ukraine (assume average price for Oct of around $1250 or around UAH 33,000). That gives revenue of around $23.5 Million or GBP 17 Million which is a quarter of market cap in revenue for just one month (excluding oil). And you are telling me all this revenue has been priced in? Even if gas prices drop the potential is huge here based on how much money they are making just in Sep in Oct and sp should be much much higher.
in the report it says that initial agreement was signed to sell Hungarian assets for $3 million and that it should be completed by end 2021. it seems that is pretty much agreed so more cash to add to JKX's existing and growing pile
I am not complaining. I am LTH and have more than 2.5 M shares in this. I am just of different opinion of how they could have done this. This news is good but its confusing to market that is looking for/expecting hard figures like flow rates. Interim results are exactly what they are, concrete results that can be valued. This is good news but indefinite in terms of value until they perforate and gas flows. But I take the point that this is new field so from proof or resources point of view it might make sense to publish it now. Here is hoping for good flow rates and best wishes to all LTH.
this RNS is excellent news but why issue it before the flow rates? I think this half way news confused the markets, better if they waited to announce flow rates, like they did for previous wells.
Even if they are so confident of good flow rates better wait a couple of weeks and then announce it when they have concrete results to which value can be assigned
just look at the Ukraine gas prices today haven't seen these levels before and definitely not in last 5 years and oil is up too highest in last 2 years. This is like a coiled spring and actually should be in 40s by now based on rising prices and latest well result. Just watch this space..ENW is similar to this
yes absolutely. basically they doubled their oil production with one well and excellent way to provide more diversification from gas and more exposure to rising oil price. all in all an amazing result!
Boooom!!!..what a result from the well! Well done JKX and it seems more to come from the same well as only 3 m perforated.
Hope this is a start of recovery.
Best to all holders!
The H-S
I wish Mr. Auld would look at this analysis and give us his feedback. Its a pretty negative view, to some extent justified and to some not (e.g. looking at historic failures of no relevance to present, constantly going on about the unrest un Tunisia like its happening every week etc.)
https://www.youtube.com/watch?v=ACuu7kgEEic
JKX up by 13% today
. nice recovery especially since Ukrainian gas prices have now reached above 10,000 UAH/thousandm3 which hasn't been seen since Dec 2018 and its almost 3 times larger from the lows in May last year. I know their production is dropping but its surely offset by this excellent gas prices especially this time of year. I hope they add some producing assets or invest wisely to stop production decline.
All the best
if this is the end and it was all a ruse then why not just stop there and why bother adding statements that they asses other opportunities in natural resources sector and their intention is to re-admit to trading. So I hope there is still life in this and even if we are diluted massively it good be a good price to pay if we are part of something good as with previous management we would get absolutely nothing. So good luck to Sarah and new board, I trust they are sincere and I hope I am not wrong
please have a look at this interview with Calvin from Serinus from 4th March (Serinus Energy (LON:SENX) Presenting at The Proactive One2One Virtual Forum) it will better inform you and it clearly talks about 3%/month decline for shallow gas wells, watch from 24:00
https://www.youtube.com/watch?v=KQsjWEtHEfo
3% is not about depleting the reserves (although they deplete over the course of the time and across the field) its about the natural decline in the production in for each well in Romania, for example M 1008 well production of 667 boed will become around 550 boed in 6 months. it was stated in Q&A on the investor meet company .com
what you have maybe missed is that the Romanian wells are declining at 3%/month. That is why they are investing in stopping that decline not to increase the flow from existing wells. So this decline across all Romanian wells for the 12 months should be taken into account. Good analysis nevertheless!