Member Info for oldblue1973

https://www.bbc.co.uk/news/uk-scotland-scotland-business-52446555

yup just as I predicted there starting to mothball the platforms which expenses are to high generally the break even point in north sea is about 25 bucks for most rigs so there pumping at a loss so they shut them down

we on the other hand we pump out at 17 bucks a barrel break even the current price is 20 bucks so we are covering expenses and making 3 bucks x20000 or 60k a day that a lot better than most producers in the north sea

think youl find that the 2019 refers to the 3.2kw model and the 2020 refers to the 6kw (introduced sept last year)model a lot has happened well its went from 1kw (think this was the one buffalo invested in(power output 10 lightbulbs at full power not the best mr buffalo....)to 3kw and now 6kw you think what you like your so confident you wont even take a 5 quid bet lol...….my shares will sit happily in my isa and ill patiently wait till the end off the year

ive stopped all investing in junior oil at moment the way I see it in my opinion is that by 2030 we will be driving electric/hydrogen vehicles and the demand for oil will be as it is now 20 bucks barrel brent if that so im only doing oil that producing near too or gas the same as in this one and ive got a bit in angus

IMHO

ok phimx lets have a bet I think it will go production by end year (hopefully) as its the first time ever thats hes mentioned certification!!!! I reackon mcap 20million so I think the SP may be 0.4-0.6p so if I get that you give me 5 quid if not I give you 5 quid...…

that's what I think my risk/reward is at moment

wow is it me or is someone desperately trying to get the price down...

funny I read the advn board a while back as well and a certain buffalo and g wales where de ramping don't hear you complaining about that

I usually not like this but I really hope the production rns comes out when you have your short/position and it leaves you in your underpants :-)

buffon hows it going lose on the short/position again you only post when it goes up lol

remind me which idiot says brent crude to go to 10 bucks? don't even think the Saudis make much at that level...

also if the price for oil goes really bad they usually mothball the rig/fpso send everyone home bar essential maintenance

pumping oil at a loss is just silly

and don't they sell the oil in advance so the amount is already set?

but what if the oil goes down to 1 dollar a barrel......ohhhhhhhh

enough in the coffers there 175 million the mcal is 195million at moment

you shorters don't stop

could someone show me the rns with the drilling results for bp I cant find them

well they got 1.85 million from a share issue a while back how much is left I don't know as far as I know they are struggling to keep up with demand...

should be some results soon on rns think covid is slowing everything down rns wise

lol if the share price goes any lower we will have more in hard cash than the mcap…..lol

175million in cash ish….

lol price goes down when oil glut and this is gas that feeds into there own power staion….lol

did answer my question but came out with usual drivel how many have directors that own 28%?

no read what I said how many aim companies have a director that owns 28% off the company you wont find many

he got a vested interest in making this work

by the way can you tell me how many other aim companies the director has or around the max he can have in shares at about 28%

you lose a bit on Friday I take it?