looking at the chart,I can see this hitting 1.4-1.5p soon. we are in oversold territory and RERATE is coming here,imo. anticipation of positive outcome can send this much higher,but for now 1.4-1.5p on route. dyor.
15 more wells to come into production!13 Jan 2022 08:01
While oil and gas prices are set to stay higher,our production has started to increase. Our first well is producing 76bopd!! We got 15more to come and if those 15 wells are producing just 30bopd then still it is adding 450bopd!!!! Remember: we were producing 2633boepd in 2019!! Turnaround has started here and as expected sp will be moving into much higher territory!!! Dyor.
Multibagger with good flow rates easily,if not at least 2p with current production,imo. Meanwhile,it is difficult to get buy quote,seems someone has put big buy order and mms collecting for him.
1000bopd?? No,lets hope for 300bopd and which will give revenue for 8mil plus if oil is at 75usd. And profit will be much higher as extraction costs are still remain low!! Game changer really for us,multiple for current sp if that happens!!
First gap will be closed soon at 1.4 and staying around 1.6-1.7 in anticipation of positive news from well. Then closing second gap at 2.25p with good flow rates from JKT!! Good time ahead hold tight,this is turning around!! GLA
Our production was increased in September and so we are looking at some good numbers for this quarter!! 350bopd gives nearly 10mil revenue!! And we will be in profit for this financial year imo!! Also looking to increase production from more old wells soon!! Hold tight,it is coming! Gla and dyor.