4billion barrels *price 55$ a barrel
220 billion dollars.
75% bpc cut and 65% recovery.
107,250 million dollars.
Split amongst 2,200 million shares
48dollars gross earnings per share.
10 -20 dollars per share could be profit. It would take decades to recover that much oil.
It has been said that any oil price above 20 -30$ will be profitable.
Worst case and we hit.
.8billion barrels *price 55$ a barrel
44bilion dollars
75% bpc cut and 30% recoverable
9.9billion dollars divided amongst
2200mill shares
4.5 dollars gross earnings per share.
With more licences and 2 more structures to drill even if it's a dry hole. Some of you will be building schools or some other rich folk thing.
2pound to 10 pound per share. Is a conservative guess.
Farm in will not and should not happen until unless we miss. After the first drill.
I hesitated on a buy
Atop being silly once your in stay in the risk of rns. Is too much I did that cost me 140000 shares
It stays down till their friends are in.
It's too late for farm-ins. You can't organise and hire rigs this late, surely. We would miss the season, and the farm in money would be for the following year, so if there is a dry hole. You can always get a farm in after.
Or you would have to renegotiate the licence. Enough time has passed. It's tough now.
It's not the same guy if you ask me, that guy is a lot more vulgar. Ours was always more articulate and intelligent.
They are not moving anything until everyone they want in is in
the best scenario is that no farm in happens. Then we hit on our own drill. A farm in now with a major could delay another year. They would want to go for multiple strikes in a season. The licence would be renegotiated.
My view.
The price should have extended upward significantly with the buying yesterday. The dilution had not hit the market. Previous weeks they would have extended to 2.4p overnight. Bring on block chain stock market.
That was manipulated in my opinion to favour short sellers who are market friendly. Or maybe even that big trade. Yesterday should have been a 2.4p day
Less money that will reap the highest returns. The institutions need out rather than risk a dry hole if we hit without a farm in.
The share price will be 2to 10pounds. With farm in 80p if your lucky
It is not pounds we need to raise is US dollars.
Should the company consider, payment in company shares to align the contractor's issues with ours. This could lead to a better drilling campaign without the need for a farm in. It could lead to a more profitable endeavour.
Not my idea but another company pulled this stunt. Could be a way better outcome than the dreaded farm in. Let the majors come after we hit the bullseye.
no its the exchange rate when they transfer the money and pay for services. Unless they have bought an option to sell at a certain price. That is highly unlikely. My figures are off a touch, but we/they need under 5.7 mill for sure.
Short but the pound has increased and would have increased by ten percent by January. It's gonna be close but should scrap through. There only needs to be 2mill pounds sold and the increase in the pound covers the rest.
The pound could be 137us by Feb easy. That's 20% compared to the figures they most likely calculated on.
Most important thing is no farm in. Then when we hit. Omg.
We need 5.2 mill total in my opinion not 6.8mill
137 is a conservative estimate. The pound wants to be at 140 easy.
Keep expectations high! Even if you are expecting the lowest possible success. Major movement will not happen till January, I expect 20 to 40p late January. The way the spreads explode on this stock will make sure of that.
No its 50 on moderate amount of success, what is really there its 100 to 300 with no farm in. Minimum figures
Actually some people might only have 10000shares so it makes a huge difference to them. some of the denomnations are small therefore it's matters
The main concern is a major buying shares and forcing a takeover under the true value. If it's a hit it's 5dollars a share minimum.
1500million barrels at 50dollars
75% bahamas pet and partners
5625million dollars
50% recoverable
28,125,000,000 dollars
Divided by 3billion shares.
Potential gross earnings of 9.37dollars per share
If we hit without a farmout or in. Depending and how you look at it the take over share price will be outrageous.
That is just on the first structure there are three structures in total. I think.
If there is 40bill $to 160billion why are we talking giving up the lions share?