PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Isn't it.
Daily production on 22nd November 1027 boepd net to uog, I could put it in capitals for you, myfirstmillion, if you want.
Oh by the way these are not my figures their United's just to remove any doubt.
Larkin better pull one enormous rabbit out of his hat because at this rate the cash balance is going to be dwindling, because bills have to be paid and revenue must be falling as quick as production.
H1 average production 1552 boepd net
Today's average production 1027boepd net
Over 500 boepd drop in 4 months.
That's a lot of revenue lost.
Can they afford next year's drilling campaign.
Wake up call.
Ginger,
I'm not suggesting that average production was 1478 boepd United oil and gas are categorically stating it in their h2 presentation.
And how do my figures not add up, same as panda's figures and what part of which rns have I read wrong?
So are Panda1's figures also demonstrably wrong or is it not true that you have yourself in a bit of a pickle.
Guess that's the end of the debate then, but can anyone else can do the maths and let ginger know their answer, not you ffd as it's obviously to complicated for you, remember I bought at 5 and sold at 2 and made a whopping profit.
GH
It doesn't say one for jul/aug and you have even admitted that in your qoute so what your saying doesn't make sense.
Also I don't need to email the company about something that is plain to see but as you seem to make things up maybe you should email them instead of posting false info here.
Do you not wonder why JL refused to answer the Q3 question in a straightforward manner.
And as for spreading fud there are a few here who seem to have cornered the market in that department.
Also for clarity we are discussing 'current' production not fy guidance.
So email JL and ask him the question and also ask if he doesn't mind you posting his reply on this bb, infact anyone else could do it as well, anyone going to?
With how JL answered the question about Q3 production yesterday.
I think it was unfair on shareholders, even the ones who don't want to know, that he wouldn't give a figure on Q3 production.
Saying that in the sept presentation they told us the production up to the end of August and they are not going to give a figure until Ash 4 is tied in is just wrong imo, it just wasn't the answer shareholders deserve and not what they were promised (rns 2nd Dec 2020).
This might be one reason why people are giving the wrong figures for 'current' production
Good rns, very encouraging.
Yep agree, not finished yet but clear progress.
Might fall on opening which is understandable if people want to trade a bit which is fine but longer term maybe another opportunity to top up.
Good prospects long term.
See a few posts last night given figures on current production of 1800 and 1900 boepd and fd your post was a bit shambolic and made little sense.
But just wondering how you guys exactly came up with your figures.
Did you work it out from the half year presentation which gave production figures that could be used to work out current production in july/Aug or some other method that maybe one of you could share.
Noting also that Ash 4 is not tied in yet, officially.
With todays presentation.
Just listened to a recording and they seem to be just reiterating the same thing that they said in previous presentations, bit of blah blah.
There were a few good questions at the end.
As far as Maria goes it seems that it the same as before and no decision on what path they will take until they are in possession of the CPR report which they hope to have by end of the year.
So wouldn't expect any news this year as they will have to have a detailed look at the report, which for clarity is independent.
Jamaica, a long road ahead .
Again nothing new, Limited in what they can say, again.
So have no idea when or if anything will come of it.
Production,
Interesting that when asked about production and the decline in production, Jonathan once again refused to reveal exactly what production was in Q3 and just referred to the fact that they told us what the production was at end Sept.
He said he would update when the final rates for Ash-4 have been established but it's not what they promised and its obvious now that they are unwilling to publish Q3 production.
But we know it and it looks like he wants to add Asd-4 rates make it look better but as it's only a few weeks to end 2022 and I expect that yearly production will fall short of guidance.
Jonathan also stated that decline rates are between 15% and 25% that's an eye opener.
No real inroads on any new ventures.
Nothing as far as I recall on when they expect the last payment from Hisbiscus but I may have missed that. But imo they could do with it because I dont think that the warchest is that big and expect cash balance might be lower at end of h2 than h1.
Also the next well is not as straight forward maybe as others as they will be veering off to intercept different targets so the trainees better up their game.
But this is all my opinion and not intended as advice to buy or sell.
I've told you before that if you believe I bought at 5 and sold at 2 and made a profit then thats fine by me I don't care, believe that if you want, nobody cares.
Glad you owned up to remembering your vile, disgusting post.
Sums you up.
I'll tell you what's weird ffd but also vile and disgusting.
Remember these headings
'Is this the same man with a different name'
'Any help would be welcomed from the LSE community'
Remember the two vile links you posted on here on sep 1st at 19:25 and 19:45 a Friday evening directed towards myself and o2b@c posts that were subsequently removed by admin.
A few might have seen them.
But you own those words and is one reason why I post here.
Weird doesn't even come close.
I see that Malcy is going to interview Mr larkin later on in the week.
Waste of time imo, scripted.
If any ceo wants credibility then may I suggest being interviewed by someone like Mathew Gordon.
Mathew doesn't hold back, thoroughly researches the company involved,asks the right and somewhat awkward questions and if a ceo does do an interview with crux then fair play to them.
Fish,
Just giving my opinion.
But you need to ask the awkward questions tomorrow not ones that they want to hear.
What would the cash balance at end H1 without the money received from the divestments?
What is current production or even Q3 production?
Brian said he expected Ash 4 to deliver a material increase to current production levels, levels that he hasn't made public knowledge and if 371 is a material increase then what does that tell you.
You might have a few of your own.
Good luck with your decision.
BT will do later.
Firstly people shoukd be aware that certain posters on here will post mis information.
When they say 1800 boepd that is not true.
When they say 371 will bring in $35m that is not true.
There's more and no doubt more to come.
They will also try to discredit anyone who dioes tell the truth and will no doubt post vile insults,
we've seen it before.
Todays rns imo was not good enough, why?
Because the flow rates are poor for Ash and will not stem the decline in production.
Yearly production will be below estimates.
Revenue from egypt will not cover all uog costs, imo.
AJ-14 now also looks like a lost cause, another well that won't pay for itself.
Also they still refuse to inform shareholders, the people they work for, what the production was for Q3 2022.
"In order to give greater visibility to shareholders, United will, from January, report production levels on a quarterly basis."
Or maybe not.