Member Info for Interestking

Lint

Thanks for that knowledge of the business end of drilling re 60 days.

If you are correct then cost drops by a third and we can drill 2 wells!!!!
(Tongue in cheek!)
GL.

$11.4mio OO RAISE
$13.0mio CLN
$2.5mio BPC CASH IN HAND (min.)

= $ 26.9mio.

$215,000 per diem costs
60/90 day drill.

90x215,000=$19,350,000

What am I missing mon ami?

Desp agreed.

The point was this is a slide from this year’s presentation in March and the second bull-it point was confirming the royalties breakdown negotiated which are much lower than The Tribune article’s 50/50 split.

Guys FYI
The Opportunity: Bahamas Opportunity at a Glance

Value

• Attractive fiscal terms:
• Sliding scale royalty commencing at 12.5% rising to 25% at 350,000 bbls per
day production; no further government take
• No corporation tax or CGT
• Net contractor-take is globally competitive for exploration prospects of frontier nature and this maturity
• Leads located in modest water depths (500m/1,500’) translates to entry well cost $US25 - $60 million – depending on agreed subsurface target and/or drilling progress and/or observations derived from drilling
• Minimum economic field size of c.200 million barrels. Stress tested down to $30 - $40 per barrel whilst remaining robust. Globally competitive F & D metrics
• Sunk costs: > $US100 mm (2005 to present); extensive technical work

P_I
Thanks very much for your comments.

I will return soonest.
GL mon ami.

Bryn many thanks for your comments.

GL Sir.

Hi Fatal
I actually said a 1st in LAW @ Oxford - was many years ago and for doing 43 mph in a 30 mph limit.
My education and career WAS, very coincidentally - Finance - funnily enough!
I did say you have a prodigious intelligence and yet again you proved it with your very articulate and humorous post - I therefore apologies for “ annoying “ you!

Hopefully we will meet sometime for that beer!
Good luck mon ami.

INC

Thanks for your kind comments.

Just having a bit of timeout as nothing really happening @ mom.
A few personal issues to resolve.

Anyone I may have upset recently - I unreservedly apologies, especially you Fatal.

Grumpy old man time presumably for me. - Just turned 65!

ATB folks and GL.

OUT!

Tex - You have intelligence but t no cognizance of the history of this company and its previous commentators
Ergo you have No right to comment thereto.

Refer to my comment above which has largely been caused by you.
Good luck and see ya.

OK

Give up guys. See ya and good luck.
XXXXXXXXXXXXXXXXXXXXXXXXXX

I am never sarcastic - lowest form of wit and all that.

I meant it as a compliment to you.

However yet again you let yourself down by reverting to type.

Your choice mate - got a first in law @ Oxford if you want to take me on!

Fatal

If you use your prodigious intelligence to contribute in a way that is not sarcastic, vitriolic (@times) and more often than not abrasive you would do yourself and us a favour.

Because you have a lot value BUT are more concerned with being trite.
X

White welcome.

I assume rightly or wrongly that you are referring to me potentially amongst others.

No problem you have an absolute right to your opinion which is undoubtedly valid.

However what you do not, I believe know, from your comments about only recently being involved in this share is that I and others on here have been in for 10 + years and are aware of the posters who pop up from time to time
One of whom destroyed another board with his inane sarcasm which we do not countenance on here.

I repeat I have no ego , am retired and happy and don’t need grief.
So if anyone wants me to FO just say so and I will oblige.

No hard feelings to anyone.
XXX

Imagination is a wonderful thing.

BTW Just to help you there my wife is the spitting image of Sophia Loren!

XXX

Sorry Shibs - thick finger - which is not always a bad thing according to Mrs IK.
X

Shins

Hi

I was just reflecting before I poured my first pre 5 o’clock illicit beverage:

Watch out for the fireworks post 5 o’clock-I think we may be zoom boom time.

In the modern vernacular this price is F..k..g ridiculous

It should be some where around 3.5 to 4.5 p by now but folks (IIs) have there own agenda and a bit like politics it takes a while to weed out the idiots - can’t blame ‘ em for taking a profit though to be fair..

GL mon ami

Thank you to those who have appreciated my comments this week - X

Thank you to those who have differing views as P_I quite rightly points out.

One technical comment that is proving true:

2.20p which is the top this week just happens to be 10% over2p - not a bad result for anyone in 1 week, especially IIs who receive big bonuses.

And yes MMS do let it go when they have hedged some of their bets:
Selling at 2.2 = no risk @1.8p - great stop loss level.
Once you have bought yourself a comfort zone then you do “Let it go.”

I was a MM for a period of time in my career.

Good luck everyone nice weekend.
XXX

Absolutely well said Paul and welcome.

Swirched think you are so wrong about day traders we got rid of Specialist and Degsy and and and.............

That is the whole point of this board we don’t accept c..p.

Now I understand I may be conning you but I Ain’t!

I’m worth a sh.t load and don’t need to do this- just trying to help.

Folks just don’t get this in this day and age but I’m an old git who believes in old values..

GL Sir

Lint -always the one to restore order -love it!

Bravo mon brave.
Nice cojones - got your monicker.