Member Info for Pecten11

Samplemix as the RNS says, high water cut wells CAN consistently produce for years, but often the disposal / processing of the water can make it uneconomic-
Bloe have at least a partial answer to that 'Produced water is being trucked at low cost with the oil to a nearby storage facility owned by the Georgian Oil and Gas Corporation ("GOGC") . The storage leasing agreement with GOGC provides for the disposal of the water into a state-approved injection well. No treatment is necessary prior to disposal. '
So no treatment costs but it will still mean the opex per barrel figure is higher I.e. the well is less profitable, but if the well continues to flow at sustainable rates over a long time period, the drilling capex can still be justified

Strange name for a new poster. What's in a name? Well the term Machiavellian often connotes political deceit, deviousness, and realpolitik.
Does that make you want to take the poster seriously?

Cautious, 1.5MMcfd is equivalent to roughly 260 barrels of oil (in terms of energy), so from the RNS 'Peak production rates have exceeded 300 bopd and 1.5 MMCF/d of gas (equivalent to a total of more than 550 boepd).' , means the total (oil and gas) peak production is the equivalent of 550 barrels of oil - obviously when the gas processing facility is up and running

Thanks for the confirmation of the marketing cost

Fair point re Norio and Satsk

So until the gas processing facilities are up and running, oil production will be approx 110+30+30(hopefully higher after intervention) at approx $30 profit per barrel of oil ($58 Brent - $9 marketing - $20 opex(guesstimate)

Forgive me, as I'm sure this will have been previously discussed but is the price Bloe get for their oil linked to Brent or Urals?
I believe their is a marketing cost for the sell on if the oil. Around $8-10 ?
What is the opex cost per bpd?
So what is the $profit per barrel?

So have I got this roughly correct?
Until the gas facilities are constructed then Bloe will be producing and selling approx 110 barrels of oil per day - strip out the gas contribution, (with 30+ to be added when 16az comes back online)
Good info in the RNS but still a bit naughty the way it's written - the headlines suggest much better right now, unless you read carefully
I know they say low cost, but how much will the water transport cost ?

Cleverly worded insinuation re Lee Morris, not having the guts to actually re post the 'evidence' using his own ID if he believes it correct, but spreads the seeds of doubt in the third person
Duplicitious or cowardice?

Jarv - yes

I read that as no safety knickers- am I missing some PPE??

Investor, 'have another 19k to add'

Well if your so convinced of the upwards trajectory, buy that trade and tell us all the time of transaction so we can see it

Investor, 'buy and stay locked in'

Are you appropriately qualified to offer financial advice?

What would we do without Ctrl C, Ctrl V........

Neither will you! Or this ID at least....

He could be in Zim, he could be the man in the moon - do you actually know, or does could, should and if equal fact these days?

Mark, 'going to be a few sad faces.'

Sadly, that's one thing I do agree with

Daz, that's cos he's a conduit for accurate information he's had from AH? Lol

Investor2015, what was the SP at the time he apparently made that quote?

I can only say, based on the quality of the posts today- lol, lol, lol

Have you had some bad results Nickel that you've gotta start pumping stock on other bbs? Bad form, my son, bad form

Can someone point me to the TR1 for the I.L. William's listed on the VAST site that held 3.23% of the company on the 20th Nov and does anyone know any more details?
https://www.vastplc.com/investor-information/shareholder-information/

Or perhaps 'what is perhaps more unpalatable, is someone using the anonymity of a bulletin board which cant verify the posters background, skill set or experience, trying to convince others that he/she can provide a more accurate interpretation based on a fraction of a data set'