Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Warik, you're probably a decent bloke but you're now in my bin beside jonnybgood. Your ramblings are incessant. Do yourself a favour and put ukog to the back of your head.
Free cash flow sometime in 2020, probably H2. Maybe somewhere between 6.2 and 7 billion shares in issue at that time. So after that, we have a 50% share of 3500 bpd and funds to either drill with profit, or lend against revenue stream. Between now and then.... Anyone's guess. If he has to raise to get horsehill production ready or drill HH3, let's hope its few pennies higher than now. GL.
Jeepers Seadoc I owe you an apology for the 0 8p for 220 barrels, you had it at 0.08p. shows how much I read your posts, but again, apologies as you have been consistent.
Seadoc, I'm sure one of your ramblings had 200bpd at 0.8p. Now you have 3200bpd at 1.33p? If you're going to deramp try to keep your story straight but lies are harder to remember than truths aren't they.
Wizard, SS has told us today that the oil revenues offset a lot of the test cost, but not it all, so nothing available for HH3. Hopefully we will see this change as hh2 and HH1z ramp up through the gears.
Dr, 4500 barrels at avg 220 per day is 20 more days until we stop the Portland test. Hope to see rig mud June all being well, still inside Q2 (just). GL.
Just my opinion, but we will only see a real valuation when we generate free cash flow, enabling us to drill and develop more sites without having to tap the market.
Jaykay can you substantiate your comments about impending drills not likely to be on budget?
Seadoc, I gotta love the irony in your post. Someone posts a 3p number and you pull him on it. This after your pre school 0.8p valuation calcs that you've posted countless occasions and made yourself look like a twit each time.
£26m cash raised since the last hole was drilled has tipped the scales heavily against holders. I fear that they may tip further before HH3 is drilled. It may well take the generation of free cash to drill all future wells to tip the balance back in our favour. I can wait, don't have much choice though.
Only a couple of facts in the rns. The plug has been set and the pump has been tested. Everything else is unclear and simply conjecture. We don't have confirmation that the isolation has been successful or that any test kit has been ordered. Kit may well be ordered but perhaps no delivery date confirmed yet. We might get a timeline on delivery dates next week.
I'd like to know the specifics of the water problem. Was it a few feet, half the payzone, which horizon was it in, has it been completely isolated? Perhaps some commentary on the reperfs and pressures observed. Confirmation that flow test kit has been ordered. Flow rates will come later.
Bit of a mess, but expected as much. SS has always been clear in his estimation of full production at the end of the year.
If you draw the original Perfs on a page from 960-1155, then set the reperfs beside it, it doesn't make sense. They would have discarded 28m at the top of the well and 110m at the bottom. Original Perfs could still be in play. Rns vague.
Angs were always going to need funds for their planned operations. The gas acquisition was a surprise. Most PI's hoped it would be at a higher sp or after they had cashed out. Flip side of any placing is an impending set of events which would convince any institution that they will be able to offload the placed shares at profit.