You could include revenue for gas and water? Still emptying your bag into the wind though.
Guessing where the oil price is going to be in 2 months time is folly, it's refinery maintenance season, winter in the northern hemisphere, the America/China trade war, OPEC production quotas, geopolitical chicanery, Venezuela, Libya, Iran, Iraq, Russia, too many variables, all missing from your chart. The pumps were cranked up due to a belief Iranian exports would dry-up, sanctions waivers changed the supply outlook, OPEC will throttle back supply and prices will stabilise, oil demand remains very strong and you remain very, very bitter.
Are we producing oil from our new wells yet? Only some twerp seems to be calculating revenue from an extrapolated flow rate and the current WTI spot price!
If you had multiple accounts, you could report posts multiple times and get them deleted?
Operation 'delusional bullshit' seems to be suffering from mission-creep!
But didn't you say HNR would need to raise, just to keep the lights on. That they would run out of cash before ED revenue, and it wouldn't cover admin costs anyway? November?
"Importantly, the Company anticipates delivering sufficient cashflow to cover its overheads for 2019".
Diane, it's OK... Just put the shovel down and have a cup of tea aye?
I think he referenced L2, admin don't like that kind of thing, I'm sure Diane will be able to explain why they were wrong... They must have been, everyone else is:-)
Surely it depends on the pressure and flow-rate, ambient temp or cryogenic? Air is 79% Nitrogen, so quite possible for Carbon steel, with similar spec piping to the hydrocarbons we are transporting. FRP could be used in some situations, just not enough information to make a judgement on, bit pointless really.
Midway through the month tomorrow Diane. https://www.worldoil.com/news/2018/11/14/opec-will-cut-output-as-required-to-stabilize-market
JJAL, the land had already been certified for all recreational and industrial purposes by the federal state.
Yes, 104 looked like an ambitious punt taken as a pragmatic reaction to 112, anything north of 48 would still represent a huge development for HNR. It would be interesting to know what we paid for the mineral rights when permitting is concluded, bet it still represents a bargain.
Good grief, so we acquired the mineral rights to enough land to drill 104 ultra long laterals, but before the ink is even dry we could be kissing goodbye to 59 of them. And this was meant to be the uncomplicated play compared to ED, gulp!
What about the millions of placing shares @12p, surely they must create some support at that level?
Didn't we pull those permit applications?
CNBC: Falling oil prices show markets are getting it wrong — again, Saudi Arabia energy minister says. https://www.cnbc.com/2018/11/11/oil-prices-saudi-arabia-says-markets-are-getting-it-wrong-again.html
https://oilprice.com/Energy/Natural-Gas/US-Confident-It-Can-Compete-In-Europes-Gas-Market.html