Member Info for Orchy

http://www.cnbc.com/id/102350625#.

Financial and Performance Covenants: The Agreement provides for customary covenants. The Company is also required to comply with covenants, which are tested quarterly, providing for specified interest coverage ratios beginning in the quarter ending September 30, 2013, and asset coverage ratios and minimum production, beginning in the quarter ending March 31, 2014. In addition, the Company is required to maintain a limit on expenditures for general and administrative costs.

rigs dropping off, once the completions catch up then the effect will come through....

http://uk.businessinsider.com/baker-hughes-rig-count-january-16-2015-1?r=US

http://www.dailyfx.com/crude-oil even a small recovery above $50 would be welcome,

you don't work for Goldman Sachs do you?.........

http://uk.businessinsider.com/baker-hughes-rig-count-january-9-2015-1?r=US

suspect they cant as there has been consistent news reported to the markets since then, closed periods and all that??????

rsrs - perhaps you could share these companies with us then please JMR - i suspect the broker target is factoring in declines on existing wells etc. probably best to go cautious with 1400 boepd. i would also air caution on lennox and flows, remember the first well!!

Production - Average net production of 1,210 Boe/d Q3-2014 up 29% from Q2-2014 and 205% from Q3-2013 - 79% Oil Q3-2014 vs. 31% Oil Q1-2011 (before entry into the Bone Spring Play) since then two wells have been put into production; - Igloo 19 State #2H (24 hour gross rate of approximately 1,356 bbls of oil equivalent) 24% Net revenue interest - Marathon Road 15 OB Fed #1H (24 hour gross rate of approximately 1,928 barrels (bbls) of oil equivalent) 12.5% NRI - also awaiting Lennox 32 State Unit #4H repair and frac Q1 to add to production. this was from cenkos after the announcement on the 18/12/14 'Ashley Kelty at broker Cenkos called today’s results ‘very positive’ for Caza. The analysts estimated the two new wells have added a net 560 barrels of oil a day to output, taking the company’s production to around 1,400 barrels.'

http://www.proactiveinvestors.co.uk/companies/news/75544/update-caza-oil-gas-hails-excellent-results-from-two-latest-new-mexico-wells-75544.html 'The shares rose 18% to 9.17p, valuing the business at just £36mln.' not sure where they get the £36mln from lol

Igloo loos like another fantastic property , great news. ps. @mgrahamwood: No early blog today, I'm off to see Petrofac but there is yet more good news from Caza, will write up later but don't miss this stock. -

http://www.iii.co.uk/tv/episode/malcolm-graham-wood%E2%80%99s-oil-outlook-2015

also worth having a look at Company IPs & 30 Day Average slide & Corporate Valuations

Overview - 26 successful Bone Spring wells drilled in a row - 299 out of 325 locations left to drill - Well-positioned to lower cost of capital (Use strengthened financial position and strong equity base to seek lower cost of capital, thereby increasing the returns available from the Bone Spring Play and further mitigating the impact of a lower price oil environment) - Majority of current production hedged through 2016 - Clayton Williams farm in (14,738 Gross Acres (11,054 net to Caza) Drilling Program, Reeves County, Texas) - Igloo Acquisition (480 Acre Lease, Lea County, New Mexico) Operational - Caza Lennox 32 #4H well scheduled to be fracked the 1st week of December - Mewbourne Marathon Road 15 OB#1H drilled and scheduled to be fracked 1st week of December - Caza Igloo 19 #2H well drilled and scheduled to be fracked 1st week of December - Mewbourne Marathon Road 15 NC#1H scheduled to spud 3rd week of December - Drill program for first half 2015 focusing on GR & Igloo (known to produce good IP-30 so makes sense imv with oil price) - Non op Marathon Road & Broadcaster to be developed on the side + CWEI drills Appears to be lots of technical information in there so suspect I’ve missed some some details but that’s the highlights I can see from a quick look through, GLA

http://cazapetro.com/index.php?id=174

More good news from Caza today as they announce a reserves update from Netherland Sewell in which proved developed producing reserves are up 37.3%. Whilst the market give scant credit for this Caza is massively undervalued and holders would hate to see this one taken out on the cheap and taken private… - See more at: http://www.malcysblog.com/#sthash.5tKve97I.dpuf

wheres the presentation ?

The Company operated Igloo 19 #2H and Lennox 32 #4H wells along with the non-operated Marathon Road 15 OB #1H well are scheduled for fracture stimulation over the next two weeks. We look forward to updating the market once flow rates have stabilized.

hopefully the reason we have issued the reserves report now is because this is linked to a finance deal,