Member Info for Isthisawinner

W.t.f......gla

Are we expecting them to be further down as we were granted permission to flare just recently and if that has a positive effect, it won't be in June's numbers...gla

Sorry big fingers...share

OK, two things stand out..
1.He says no shate conciliation for the near future...
2. Where is the money coming from to buy these two units ?

In the US, hopefully just the start

They are holding us here for the final treeshake when June's output comes in lower than May's....come on Art, we know your probably a puppet on strings to the financials, but be more like pinocchio and grow a pair...gla

Sorry about the misspelling , big fingers and sun on the screen

Oil ain't going below $100 for a long time and thank goodness for that (otherwisewe would be bust by now ), it has given us a bit of breathing space to analyse our problems and hopefully resolved any issues. Yep, the last placing was hard to watch but badly needed to fund any remedies needed. I believe we are doing a bit of flaring atm which has its pros and cons and hopefully one of those pros will be a temporary uplift in oil output which will offset any reduction caused by shutfowns as we connect new pipework. We're going to bounce along the bottom gor a couple of months now but we have the engineers on the case and the funds they need. Gla and injoy the summer months with friends and family

Here we stand with a value of £3 million and yet we own half of Mast, which Mr C puts a conservative value of £15 million...gla

I believe we applied for permission to flare and not to up to date on things but...
Are we actually flaring atm and if so...
1. Was this because pressure was getting too high
2. Is it needed so that pressures are reduced prior to any new pipework been connected
3. If pressure is reduced, will our output increas

To all or any that reply, itvwould be great if you could send a link to back up answers...gla

You can squeeze a little more into the equation for us...
Our hedge is 290982 bopb from 01/04 till 31/12 which equates to 275 days ( divide the hedge by 275 and you get a daily hedge of 1058, given your calculations and extra 142 unhedged) gla

No doom and gloom here, the high oil price has helped Copl dodge a bullet, plenty of cash from the placing atm to help put things right....my figures were total tosh due to me missing the 15% which equates to about $1million gross of my calcs, but that just shows how much a small increase in production can add in $$$...gla

Sorry forgot to account for the minus 15% not ours...but the facts are there, we're making a monthly profit @ our dire production figures atm...
The only way is UP !!!
Join the party coplHodler !!!gla

Cop, you figures are made up in your head, your talking s ...
May @ 49802 divided by 31 days = 1606
Now we seperate Cuda's share @ just below one third = approx 500 of unhedged oil $109 a barrel
Leaving Copl 's share @ 1106 of which 1000 @$56 and 106 @ $109
Total unhedged = approx 606 x 31 days = 18786 x $109 = $2047000
Now hedged...
1000 x 31 = 3100 @$109 =$3380000 minus .$900000 loss on the hedge = $2480000

Gross revenue for May = $2047000 plus $2480000 = $4526000 approx $4.5 million
After production cost and royalties ect, Copl has approx $2 million plus, to cover any interest payments ect
So smile CoplHodler, the future is not as bad as you thought...gla

Arts original predictions for 2022 output was 5000 bpd, but instead we are producing 1600, if the pressure problems can be fixed, then hopefully we will see a greater output, at 3200 this would give us approx $4 million a month profit....all without our new wells. Absolutely no point selling atm, gotta give this 6 months at least. Gla

Copl's first quarter netback was $48.53
Copl's bbl/d was 1114 x 90 days =$4865
Cuda's bbl/d was 477 x 90 days =$2083
Combined is 1600 for a total $6948
Minus .9 million loss on their hedge =approx $6000 first quarter or $2 million per month

This is calculating Cuda's oil netback $48.53 but it may be more, but the financial report doesn't make it clear.
Gla

What delay !!!

We've been told the pressure issue is been addressed...and as expected, will take a little time.
We've got Cuda's unhedged oil now.
We have the cash from the recent placing to cover the pipeline costs and new drills.
Hopefully a very positive CPR which in itself could be transformational.
Making £2million per month net atm which covers our finance payments.
Finally, all efforts been carried out atm are to increase oil output, all of which will be unhedged with oil expected to stay above $100 for the foreseeable future.
Gla

No probs...just too much baseless comments made here...

Look again, it was carried over from Dec 21