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Crowdfunding, I hope you don’t mean it literally :)) I’m not saying it won’t happen, I’m saying they need funding and funding is hard to come by but as you say they’re all moneymen they should have ways. Enjoy England tonight. They’ve made it twice hopefully third time too.
Even if they’re going it alone they’ll have to partner someone further down the line developing. But of course if they do find oil it’s easier to find funding. I cannot see them taking the risk do it themselves, a lot of money needed. Other’s opinion welcome. That’s the reason I always see J as a bonus if it happens. I hope I’m very very wrong and it won’t be the first time I’m wrong.
Highly unlikely if not impossible. The cost will be enormous. They’d have to raise a lot of fund. Share cap will be billions and billions. They need funding partners. Even then with successful exploration they might still need to raise fund.
Thank you M. I have noted the location is literally just off coast but other than that I don’t know much about the area. Not an expert at all so just appreciate any industry insight. If it comes off then it’s excellent. Whereas Egypt is current.
$5.5 mil for admin cost.. $5.6 production cost pb. Thank you all for the figures.
Please what is uog’s reserves for Egypt? Personally I see Jamaica a bonus if/when it happens. Funding first then successful exploration.. it’s not the easiest location I presume?
Thanks to you both. What makes this more investable than other oilers? I know it sounds silly.. also I read somewhere, debt amount, completely repaid in a year’s time? It seems Jamaica should be treated as a bonus if it happens? Sorry for more questions. Thank you again.
Hello all
Can anyone please explain if you can spare a minute. Government take is 58%, say 3000bpd works out 1260 for uog. Say bc$70, so revenue is 1260x365x70 = 32193000. What is the procuction cost and administrative cost etc? After that the net profit roughly will be?
It’s very confusing and I have tried to read posts still couldn’t get the hang of it.
Apart from Egypt, Italy and UK assets will be developed? Jamaica waiting for funding partners, how likely, both funding and exploration success?
Share price seems to have fallen quite a bit.
Thank you. Much appreciated.