Member Info for Richyptamworth

Now breaking through 30$ . 50% higher than two weeks ago yet Casp has seen no rise , even after increasing production further . We’ll catch up soon enough I’m sure .

Still shifting up , Brent now up 6.5% wti 9.2%

Good to see oil prices creeping higher again as well as a nice 7% rise for us . Today’s Rns regarding mjf was great news , we can quickly drill these shallows and now proving we can get each well upto 500bopd , plenty more in the pipe and even with current covid situation if we can drill a further 3/4 shallows that gives us a very nice base of production

https://www.cnbc.com/2020/05/04/oil-markets-coronavirus-in-focus.html?__source=iosappshare%7Ccom.apple.UIKit.activity.PostToTwitter

Great to see 153 now producing 500bopd from the initial 200, lots of cost cutting , de valued tenge helps operational costs . Work to continue on shallows and deeps too

As of yesterday bakerhughes rig count in the US down 57 on the week to 408 . A change of -582 year or year

Cuts begin today , countries so far all say they are committed to the pact . Hopefully a positive effect going forward as the countries slowly re open .

Prices rising again, every little helps here
https://www.google.co.uk/amp/s/markets.businessinsider.com/amp/news/oil-price-rises-signs-falling-storage-demand-offset-iea-forecast-2020-4-1029149505

Another strong rebound over night , Brent up 7% crude up 13%

Gains for oil today . Crude up 27% and Brent 9.5% just under 25 now . All positives

That’s exactly the question , in my “own opinion “ the assets the company should be valued nearer to 180million at current they’ve spent over 55million on buying the assets and drilling , add into that all the material assets they now have . Many multiples

Guangzhou has almost fully bounced back year-on-year in terms of traffic congestion. Wuhan took off right after the 3 day long Qingming Tomb Sweeping Festival. That's the big nationwide drop you see in the first week of April. Gasoline consumption & refinery runs seem to be up.

People coming out of lock down will perhaps chose to travel in their own cars rather than use public transport . This will help boost fuel consumption

It is correct https://www.kayrros.com/our-products/crude-oil-intelligence, check out Samir madani too . He tracks tankers for a living .

Got a bit of a rise overnight as storage predicted not to be filling as fast as expected , still another rough few weeks but Russia have said they will fully comply with cuts . Opec + cuts will start to take effect even Kazakhstan Tengiz etc making cuts . The worlds slowly re opening and BP ceo spoke yesterday of how he expects Brent to recover over 30 fairly quickly .

Current Mcap is £58million .
Crazy https://twitter.com/styledgentleman/status/1255096398598426624?s=21

At these levels far out weighing the down , if you believe in higher oil prices casps a great in . Short term maybe more pain . Scaling more in I don’t mind too much what the price is right now . Hope you boys get your buy targets in the 2’s I’ll prob take a few more there too . No reason why long term due to is being debt free that we don’t trade a lot higher . We could sell the ship for more than the Mcap in the 2’s we got it super cheap onto the books .

Another good day today guys finishing with a few nice buys at day highs . Hopefully more of the same tomorrow and we can head back to more realistic levels

Last weeks retrace perhaps came as people ex elected news so maybe thought no news meant 153 had failed . This shows that the shallow campaign continues to be fairly straight forward and very cost effective . Now we own all the rigs which is an asset on the books too all this constant production being added every few months can only be seen as a positive . 3.5p is far too cheap

Really good to see more production added in a timely cost effective manner . Owning the drills now makes a world of difference and if we can keep adding 2-500bopd every few months it soon mounts up over time

A few people buying this dip I guess after another blue day for Brent . Oil prices not as drastically bad as Monday . Crude risen over 150 % from lows