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JMAX
Posted in: FARN
Posts: 6,565
Does anyone actually believe the Warren Buffett story..... And Farn is a gamble not an investment.
Posted in: TLW
Anton you have a 5 year history of posting nothing but rubbish
Anton is very touchy about their lack of height.
War in the ME will take oil above $100 - but TLW just don't produce enough oil.
Coop, Good points, although most of the specialist work is contracted out.
The 7kboepd (gas) brings in about $50m per year.
Bluey, Are you underwater :) I can't lose with my 60p prediction as you mugs will find out.
There is no surprise on the lowly production - just look at 2024 guidance without the gas blag.
It's barrels of oil (BO) that matter not 'equivalent' (E).
Jam tomorrow :)
When will Big Sam, Azvalor and Co start buying.....talk about burnt fingers.
Partnering news and this will be much higher than £3.
Posted in: FRES
That is good news, but the market is waiting for a production update before this can step up.
Ok I just looked, the shares were a small purchase compared to the bonds. If he believed in growth then he would be buying shares instead of playing it safe.
When was the last time he bought shares? More recently he has been buying bonds.
The company could be restructured like last time - to protect the lenders at the expense of the SP.
7k barrels of oil per day, even at a modest $60 per barrel would bring in more than 3 times what the gas is currently being sold for.
The point is simple. The 7kboepd is not being sold at market rate. It is being sold for less than $20 pet barrel of oil.
But it brings in no where near what 7k barrels of oil would. The gamblers have been stitched up again.
The 7k boepd brings in about $50,000,000 per year ?
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