Member Info for Rehauer

I asked them about the possibility to be in the sam horizon as baytex with their overprolific wells. They are very aware about it - here is the answer: "Baytex has discovered and is developing a very prolific pod of high permeability in the Clearwater F sand on The Peavine Metis reserve.

Results on the Peavine block range from 150 to over 1,000 bopd and results are tied to the variability in permeabilities and a range of API from 10 to 15.

I3 has prospects in the Clearwater F sand at Walrus and Cadotte however these areas are more exploratory in nature.

We do have plans to drill exploratory tests on these blocks in the future."

Dont know if Sleepy Joe will allow the Ukrainians to disturb russion oils exports. US needs low POO. Elections next year, and the SPR is half empty.

But right: any disturbance in global oil supply will immediately sent prices up - there is no spare capacity, the world "can't pump more" than it does - exempt 1 Mio Barrel Saudi perhaps.

Thanks a lot Tony! Jip, will be interesting to see, what comes out of our "black box" clearwater. We hardly scratched the surface..

Godd thing: POO and NGL helps, thus we should have enough running room for the 6 mio$ budget and perhas some extra wells in the clearwater drilling season.

Strange enough we cold not find a better loan or RBL or whatever. But it shows - at our size we can't rely on debt. Pay ist down and go on with own/earned cash-flow. Hope we manage to get our oil-output at least flat during repaying the loan.

A week ago I asked i3 whether i3 in clearwater shares the same horizons like baytex? Baytex drills extreme profitable clearwater wells in Peace river + Peavine. We have acreage nearby (Walrus).

Up to now I got no aswer from i3. Has anybody done researh or has information about the topic?

What we'd need is a Fracking Company that runs out of good acreage - they'll pay any price to keep production high.

And just to add a personal guess: 22p won't be enough - their hands will get weak at 28p. And it will be irresistable at > 30p.

Which would be o.k. - I did deep due diligence in i3 and it's my biggst oils holding. But at 28 or 30p there are others out there, that would offer better economics (provided their price stays the same).

Well, it's not about the board, it's about the major shareholders.

The fate of the share price is in the hands of the major shareholders. But it always has been - so no change.

It's not about production it's about free cash flow. Montara is sold at premium to Brent and entirely oil. Big cash cow.

If you break your backbone - you die. The same goes for companies. Montara reminds me of my 32year old classic-car BMW. You are more in the garage than you drive. Unfortunately Jadestone relies heavily on cash flow from Montara - and there is no buffer left. Plus: Having repeated accidents puts you on top of the watchlist of the regulators :-(

To make it clear - I'm not a current shareholder - had them in the 100s some 2 years ago but went on to better valued companies.

If they fix Montara soon and the shareprice won't catch up too much - I'll reenter with a speculative position.

2,6 Billion Barrels found, 18,6 Mio Barrels consumed (100 Mio boe/d). Makro looking good :-)

Jip. Anyway we don't run the company thus have to cope with dilution every year. But Dividends are raised every year and the production (even production per share) of gas ist rising also. Its just too many shares out there. That's why we are silly cheap. As I said. it's more like a fixed interest for me. Reinvesting every dividend and waiting for gas hitting > 10$.

Both true. But they did just the opposite. Buy back at > 1.30 and dilute at 1.05 :-(

Still angry about the buybacks last year. And then diluting again for the next akquisition. Since this company does 2-3 Aakquisitions per year on a regular basis ... buyback and subsequent diluting is plain dumb.

Wrote a mail to IR 2 weeks ago if they could explain the reasoning - no response.

Apart from that a nice share. See it as a >10% bond with a lottery-ticket for rising gasprices.

Board is always "Very Excited". Some understatement would be nice. Notwithstanding the big Acreage in an emerging Basin. Summing it up: Fair valued. Any farmout-news should help.
Don't forget the chance of a takeover-Bid from AOI. That lottery-ticket is for free.

I follow IOG for several years now. The concept was brave, and reasonable, Partners good and strong.

If you take a presentation before first drill and compare to where we are now and what has been achieved. The last thing that came in as expected was financing via Nordic Bond. From an operational view ists a clear miss in every single field/well.

Lost confidence and sold out.

DYOR and good luck

Just saw Page 9 of Presentation. We pent roughly the Budget we wanted to spent but drilled 4,8 net operated wells less than budgeted. Non operated wells were up net 1,6 vs. Budget.

My guess is, that we had the chance to participate in some more expensive non operated wells and thus postpones some operated wells that would have been cheaper to drill.

Am I right? Has somebody insight? Tony perhaps?

Nope, Its simply the current dividend. No raise. £0.001425 x 12 X 1,192,731,737 = £20,395,712

Viewed Tullows Q3-Report. Disappointment in the Fild/Drilling ad they need every Penny to pay down debt. They're like a dead bird on the shoulder. Too stupid to drill. They will never have the money to develop the fields. They should sell their licences in Guyana and Kenya and clear the way for ECO and AOI.

Good contriutors here - good forum!

Interestin gRead :-) Thanks a lot!