Member Info for isdeer

whats the 22% or 4mmcf/d gas worth in oil equiv ?

Nice end to the day, be back to 3p in no time.

now that would be massive with oil prices rising, the market will soon catch up, 2k bopd a day isnt potential its the current production rate with more to come

i suppose anything would be good

what is the expectation in regard to the infill well, anything between 1k and 3k for me would be brilliant, whats everyones best guess.

Tullow doing well today.

Whats crazy is u have companys like ukog, producing a tenth of the oil, with double the mcap, i feel for the holders but why on earth are they hanging onto that pile of crp when they couldve made their money back elsewhere.

Anyone know of any oil and gas producer earning over a million a month with a 12m mcap during the lock down.
If we were back to normal prices say $60, the profit, $53.50 x $1850bopd would deliver $35m a year.

Egypy cash figures 350k for the 6600 barrels of oil
per month.
How much for the contracted gas, 11000 barrels eqiv per month, even at $20 its worth $220,000
How much for the other 38000 barrels produced month on month, even at $10 its worth $380,000.
They must be pulling in at least 1m every month for oil and gas sales and probably a lot more even at depressed rates

"The performance of these assets has been Stellar"

rough calcs

6600 barrels a month at $60 less production costs $6.50 is $353,000 a month for 30 months price protection hedging by BP
That doesnt include the other 50,000 barrels they are producing every month, its a monster with a pitiful c10m mcap.

Looking good.

Great deal for RBD, but 2 things would worry me, their cash position and the extra drill costs based on their percentage.

it hasnt, RBD's recent low was circa 0.23, UJO's was 0.08.

fortunately for UJO they do have 5.5m cash and zero debt, they also have production comparable to ukog with vastly superior uk acreage and resources, the leadership is open and honest while ukog's is just a confused bewildering mess.

£13m spaffed against a wall, Thousands of investors have lost millions of pounds over many years to this charlatan, this company needs closed down.

Is it just me or is it missing, cant see it.

Anyone have an idea on current cash position?

RBD and UJO will be picking up EOG/EDR assets for a fraction of the costs as they wont be able to raise cash in this market. Cash rich is good

its a buy at this price its gone beyond reason, buy sit back and sell at 5 x this price in 6 months