Member Info for ocelot

Thank you for the offer, seadoc, but I hope you won't be offended if I decline it.

There's a string of variables, of which bopd is an obviously important one, as is "m", the multiplier.

The multiplier will depend, amongst other things, on both bopd realised and prospects for future bopd.

If we were to raise "M" to, say, 20, your 0.7p becomes 3.50p.

seadoc,

We're talking about UKOG, an oil explorer and producer, so it is most definitely a source of revenue and not a cost.

"Right let us assume barrel oil = $100, cost extraction and transport = $30 and exchange rate 0.7, go at mid point m = 4 and there are 6bn shares in issue".

Instead of assuming $100 for a barrel of oil, why not use the current price?

The same is true for the £-$ exchange rate.

The company has estimated production costs to be about $21.

But the real problem is, as we've discussed before, "m", to which you attribute a figure of 4, which is an extraordinarily low figure for a young oil explorer.

seadoc,

When you say "d = cost in dollars a barrel", do you mean the price of a barrel of Brent?

Otherwise, you seem to have 2 lines of costs and no revenues.

Not sure the Rothschild in question was a Lord at the time!

Saudi Arabia's energy minister Khalid al-Falih is confident the OPEC alliance will "do what is needed to sustain market stability beyond June," signaling the 24-member oil exporters coalition may continue its policy of production cuts amid global economic concerns and volatile crude oil prices...

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/060319-saudi-arabias-falih-says-opec-focused-on-market-stability

UKOG's market cap is currently about £60m.

All depends on the financial implications of any news.

The further preparatory work aims to ensure the borehole is in optimum condition for testing, and to give the best possible communication between the well and the fracture system in the formation.

The 17th is just 2 weeks away, fail to see what all the fuss is about.

36.3m.

Pity about the share price.

The PM in question was David Cameron, the dead duck before the latest dead duck.

I suspect it was to meet Cameron's energy adviser rather than Cameron himself.

There would have been disclosure to the market if the 4 had become 3.

10% is about £50m, not $50m.

The trouble is the float is only about 30%, so the float is about £150m. Buy up $40-50m of that and what's left?

In an earlier Q&A, Genel cited as a reason against buy-backs their desire to avoid further reducing liquidity in the stock, given that 4 investors already hold such a significant percentage of the share capital.

I'm the President of the US of A.

I want to be re-elected next year.

What shall I announce today to keep faith with my base?

I reckon Donald Jr will make a very good candidate in 2024.

Doubt if he knows beforehand what he's going to tweet!

Oanda.

Nope.

PS: Philip Hammond has said there are circumstances in which he would put country before party.

No election until 2022?

That depends upon the Tories' instinct for self-preservation.

and are applauded by your peers ... until the next time.