Member Info for Richyptamworth

My buy at close showed as a sell my earlier buy showed correctly

Hi , Prop . Yes been in for years since Peter joined at .2 , ran all the way up to 3p making people a lot of money I continue to hold yes and it’s been disappointing last two years but I very much hope the next few years we start to move back as revenues increase and the ability to self fund makes growing the market cap higher . I don’t recommend stocks by the way . Like you say DYOR . I just highlight stocks I think will do well over time . I’m an investor don’t held for a month and then moan I’ve had no returns . ALL THE BEST

Still really keen to get an updated reserves report .
Been a long time since the last , this highlights
The proximity to Tengiz (720k bopd) plenty of recent additions on bicotender.ru too https://www.caspiansunrise.com/wp-content/uploads/2017/03/2016-Reserves-Statement-Report-2016.09.01.pdf

https://www.bicotender.ru/tender/search/?keywordsStrict=1&smartSearch=1®ionPreference=1&keywords=BNG+LTD&submit=1

5. FROM THE RECENT AGM QUESTIONS, YOU STATED THAT YOUR NET BACK WOULD BE $21 FROM GROSS OIL @ $40. OIL HAS BEEN ABOVE $40 FOR MANY MONTHS NOW, WHAT PRICES ARE YOU CURRENTLY ACHIEVING?

For international sales at $40 per barrel our net after processing and transportation costs is approximately $31 per barrel and after all taxes $23.5 per barrel.

Take into account that oil prices now nearer $70 things should look much better in next update

They really need to be clear on how much they can now sell at export prices with Brent back on the up heading towards 70 that’s the best it’s been for many years so really we should be in good shape going forwards . Expecting we’ll hopefully hear something about yelemes and also the hearing which was in feb according to last rns . Could be the start of positive news flow for a change

$67.20 , fresh highs . Company need to get some news out . Last rns talked of increased amounts allowed to sell and higher prices for feb

Recently domestic sales have ranged between 40-45% of total oil produced. Until the domestic price recovers selling to the domestic market will remain loss making. We therefore continue to rely entirely on export sales for day to day cashflow and profitability.



In partial mitigation we are therefore pleased to report an increase both the overall production we are allowed to sell in February 2021 and an increase in the proportion of that may be sold by reference to export rather than domestic prices.

Great news that they’re discouraging spread bets now . Can’t imagine there’s a whole heap but they’re potentially most likely the people crashing bids when they get margin called on there pf’s . Should see a much more realistic flow to share price hopefully . Imagine from Monday onwards perhaps should see a rise again . Depends if ever firms follow suit I guess

Much better this week . Grinding higher . Low liquidity bought is down won’t take much to take us back up again . Weather will start to pick up now out there for work to commence more easily . Chart looks good getting back above the 50dma

In there recent presentation have talked about declining oil supplies . If we have got a huge reservoir under bng there’ll be loads of major interests if we can show we can start to extract it . Projections of $70-80 oil by end of year , very different picture to 10 months ago

https://twitter.com/styledgentleman/status/1359849347509350401?s=21

It’s very much in there interest as the biggest losers so far to have a higher sp . But they don’t decide the share price, low free float must be contracting you’d imagine with oil prices rising .

From RNS
In partial mitigation we are therefore pleased to report an increase both the overall production we are allowed to sell in February 2021 and an increase in the proportion of that may be sold by reference to export rather than domestic prices.

https://twitter.com/styledgentleman/status/1358352354395971585?s=21

https://twitter.com/styledgentleman/status/1357017226826686464?s=21

Looks like we’re breaking out after the long consolidation period. Hopefully this is the start of a new uptrend that sees us make our way back to highs ,

Holding on to the 200dma and the 50wma nicely set up for a bounce from here .

Please keep to posting facts guys . Ae didn’t get 20% for 1.8million

Now 53.50 , we’re in a vastly different position now to last summer , today’s drop was just a mark down on opening trying to catch a few weak hands on Uk lockdown . Ftse finished up and has continued in futures market . News flow will hopefully get us heading north again

Someone’s taking advantage today of the cheap prices that were on offer

Huge seller ? I see very little volume really . Bitterly disappointing rns . Good that clives been demoted . He’s done a bad job managing this at a corporate level