Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
interesting that they are selling gramma ridge, wonder what sort of funds that property could generate given they drilled two successful wells coming in at 1600 boepd IR and 800 IR respectively ?
no fuss about it, oil price speculators look to the rig count for a quantitative measure that reductions are being taken and will eventually transpire into reduced production. the report is there if you wish to look at it , no fuss and no ones forcing you to.........
http://www.wsj.com/articles/u-s-oil-rig-count-falls-again-1429895768
Trap-Door approaching... The situation at Trap has been critical for a long time and todays results are pretty much the death knell for the company. A massive loss of £44.4m will consign the company to the history books of the UK E&P sector as the board say that ‘in the absence of additional funding the group has insufficient resources to continue beyond the short term and is highly likely to become insolvent’. Administration or liquidation looms for Trap which is a shame but even before the recent fall in the oil price the company was in all sorts of trouble and I feel most sorry for Scott Richardson Brown who has battled for a long time to save the company. i like Malcy but hes pushing his luck with the SRB sympathy comment imo
still here just been busy mate, need some oil price love soon
wooops link http://www.bloomberg.com/news/articles/2015-03-06/oil-rigs-get-slammed-for-the-13th-week
43%
still 39% though in a short space of time... already at the anticipated 40% -60% range
Decline rate has slowed past two weeks. http://phx.corporate-ir.net/phoenix.zhtml?c=79687&p=irol-rigcountsoverview http://uk.businessinsider.com/baker-hughes-rig-count-february-27-2015-2?r=US oogle - thanks for posting,
market hasn't understood the news today and no doubt YA have taken this opportunity to push it down...
certain we don't have to pay CWEI anything....
evening, this board has always been relatively quiet (unfortunately) but more so since the oil price was hammered , suspect a lot have sold and awaiting some confidence and a real rebound on the oil price... they will come out the woodwork soon enough ;) lol
texas, normally 40-60% decline in rigs during downturn, with the latest count that puts us about 40% without doing the calcs, (35% last week).... thinking the cut will be nearer 60% if not surpass... just a matter of waiting for the effect to filter through to production. GLM
'I'm trying to get hold of the company as I'm not a huge fan of these types of financing and there must be something behind it.' lets see what he finds out if anything,
http://phx.corporate-ir.net/phoenix.zhtml?c=79687&p=irol-rigcountsoverview
NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO YORKVILLE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Interestingly though, there all getting snapped up...