Member Info for Ibug

Yet another lie from Adrian. They still need NSTA approval for the FDP Addendum they applied for and one Planning Application is still undetermined.
No wonder he is not invested here. These trolls are all the same.

I'm not even sure they have produced enough oil to even qualify for a RBL yet.

Suffer
https://planning.surreycc.gov.uk/Planning/Display/SCC%20Ref%202019/0072

Adrian. You really are a one trick pony. What about the outgoings. How much is cost of sales and admin a month which results in a loss overall.

https://www.bbc.co.uk/iplayer/episode/m00178p0/south-today-lunchtime-news-10052022

HH on BBC

Poor old Adrian. Still dreaming. Wonder if he knows when NSTA will give the green light for HH. Won't make any difference as SS has his blinkers on becoming an International Oil Company before he goes back.

Adrian
And yet March last year returned the best revenue since production began back in March 2020.
Don't tell me the OGA have been making up the figures or the price of POO has fluctuated so much even within each month.
March figures should be better though.

month bopd Receipts Av POO in $

Mar 20 181 $185051 32.98
Apr 20 243 $170149 23.34
May 20 183 $175976 31.02
Jun 20 158 $189268 39.93
Jul 20 122 $161907 42.81
Aug 20 128 $175624 44.26
Sep 20 93 $114641 41.09

Oct 20 47 $58965 40.47
Nov 20 101 $130987 43.23
Dec 20 82 $126769 49.87
Jan 21 102 $172487 54.55
Feb 21 99 $177887 61.96
Mar 21 105 $212195 65.19
Apr 21 101 $196253 64.77
May 21 100 $210924 68.04
Jun 21 95 $208249 73.07
Jul 21 92 $212160 74.39
Aug 21 82 $178002 70.02
Sep 21 45 $100710 74.60

Oct 21 63 $163368 83.65
Nov 21 60 $145386 80.77
Dec 21 62 $142824 74.31

Jan 22 60 $159,086 85.53
Feb 22 59 $157,811 95.76

Penguins
"Ibug,

Costs of sales went down, but didn't the volume of oil sold decrease significantly."

I don't have sufficient accurate data as some of the period was prior to getting results from the "OGA" as they were then.

It doesn't hold water with me.

Back in march last year they were at 105 bopd, $212195 in receipts and POO was $65.19.
It was 516 m3 of oil and 249 m3 of water.

In Feb this year it was 59 bopd, $157,811 in receipts and POO was $95.76
It was 262 m3 of oil and 147 m3 of water.

It just doesn't cut the mustard imo. But then again some will say anything to hide what is really going on down under. It has all gone to rats since they did the surface works back in September. Just look at the results.

Cost of sales didn't go down that much.
Year 000k
2021 (1,067)
2020 (1,171)
I do love the way Adrian does his research. He will say anything to sound knowledgeable. He is very capable of putting both feet in though.

Adrian. How does a workover rig push things along a 800m horizontal well? Gravity won't work. Don't they need a real rig for that?

Adrian. Really? You obviously worked those figures out in your head didn't you?
month bopd receipts Av. POO$
Oct 21 63 $163368 83.65
Nov 21 60 $145386 80.77
Dec 21 62 $142824 74.31

Jan 22 60 $159,086 85.53
Feb 22 59 $157,811 95.76

I wonder how Adrian keeps getting it so wrong. Brockham has been injecting water back into the field for ages. Last time was in 2018. Naughty boys.

ocelot
But it does explain the losses every year. It is the cost of sales that are crippling the bottom line imo apart from the continual consultancy fees.

Oh Adrian. Tanker fees are only 1 part of the equation. Dealing with the contamination is also costly.

SS has said they won't be going back to HH until they have got Turkey sorted out or are you all forgetting that?
Or will SS do yet another 180?

ocelot
What has cost of sales got to do with POO?

Has he mentioned the pipeline yet? Or the new road into HH? Or the noises underground at the well site? They should name HH Adrians Folly in memory of him.

ocelot
Number of tankers for last 5 months has been pretty stable so costs of sales will have gone up imo.

What's up Adrian? Am I bugging you. A leopard never loses her spots does she. What are you trolling here for. You are not invested. Go look at @davethedrill1 twitter account and have a good laugh.