Member Info for Maverick7

60% needs to be deducted from the 23,000

Yes, just under 600m

Some interesting metrics:

SQZ
Market cap - £332m
Production - 12,500 boed based on 40% BKR plus Erskine
Cash - I estimate at around $120m after BKR completes - £85m
Debt - $3m
2P reserves - 63.7mmboe

FPM
Market cap - £595m
Production - 12,000 - 14,000 boepd 2018 full year guidance but 66% is oil, however production was lower due we’ll shut
Cash - £158.6m gross
Debt - £0
2C reserves - 113mmboe
Allthough I would say FPM will ramp up oil production to 35,000 in the near future, FPM is seriously undervalued

DYOR, my figures only

DNO this morning have made a joke opportunistic bid for FPM, we are in danger of this happening in future, fair value not being realised in the current market. Also lots of activist and hedge funds would be after the "new" cash and subsequent cash being generated with all those tax breaks we have

looking at the update today it states:

Net production from the interests to be acquired in the Bruce, Keith and Rhum fields has averaged in excess of 23,000 boepd YTD 2018

Realised prices for 2018 production from the interests being acquired (which consists of >80% gas) exceed $45/boe.

Therefore based on this information - 23,000 boepd x $45 x 365 = $377,775,000 revenue

Anyone calculated what this will likely be? £75m, £100m, £200m?

is next week, so hopefully some further info on Jamaica timescales

Shale oil in Texas and Dakota can trade at a heavy discount to WTI spot price so these smaller and mid size companies are going to get hit big time

Bounced off 170p as I suspected, but if poo continues downward spiral next week, then 150p could be next level and then 125p - load up at these levels

Have you actually read KAZ financial reports, i suggest you take a quick look and you may find the answer. Just a pointer, net 1H revenues approaching 1billion. Net cash 1.5 billion

It’s a Win win for the USA. They don’t need to buy oil anymore at $100 + and increase their trade deficit. And they can sell it as well at a profit if it stays above $30. Trump bloke has played a blinder so far.

However, the bigger they are, the harder they fall - it’s coming sometime

OPEC+ cut production and will 1.4m be enough? Further drops due tomorrow I’m afraid. Best of luck. Hold fire buying until OPEC strategy is transparent

MEM
Farm out for what, we already got one for Guyana, don’t pin your hopes on Namibia, this is all about Guyana short to mid term, all we need is dates for drilling and don’t forget the updated CPR and continued drilling by XON.

The only way this will get to below 40p is coming opec+ decisions and resultant oil price - nothing ECO can do about that

MEM
Farm out for what, we already got one for Guyana, don’t pin your hopes on Namibia, this is all about Guyana short to mid term, all we need is dates for drilling and don’t forget the updated CPR and continued drilling by XON.

The only way this will get to below 40p is coming opec+ decisions and resultant oil price - nothing ECO can do about that

To sell, buy, or trade part of the holding upon BKR completion. If I knew OPEC+ strategy is to cut production from the 6th I would buy more on completion of BKR. However, if they don’t cut, poo will come down including oil and gas producing companies.
Question is, will opec+ cut? I believe KSA already said they are cutting 500k, but also will 1.4m be enough to offset shale?
Tough descions coming up

Trumps played a blinder - he’s probably got a massive short on crude.

He’s managed to crash the oil price, he’s got a leash on KSA who bend over at will on his commands

However, he’s time will come when he’s world will start to crash around him

170p looks like the bottom. Strong buy if OPEC+ do the right thing

Risks as I see them are:

1. BKR falls through - low risk but could still happen
2. Trump - loose cannon - night change his mind over Iran
3. OPEC+, likely to reduce production but who knows - Trump seems intent to blackmail KSA
4. Oil price, Trade wars
5. How much of SQZs market price is priced in
6. Traders - likely to sell once news of BKR completes
7. BEXIT
8. Nationalisation of North Sea from the Labour party
9. The big unknown at the moment - how much cash goes into SQZs coffers once BKR deal completes - will it prove to be in line with markets expectations, below par or exceed
10. ENI drill - need confirmation
11. Erskine - is it on track

There's always a risk, and moving to the main market at some point doesn't really reduce any risk from my point of view - plenty of examples

Would Total be happy with 25% of Orinduik? I suspect not

Lol, "you will never see a target the size of wild horde on AIM again" - you need to do some research