Member Info for RonnieB

And don't forget the gas!

If rate is 30bopd; UJO share is 15bopd x $80 per barrel less $10 cost of production.

That would mean approx $32k revenue per month for UJO. Would need a lot higher flow rate than this. If the flow rate is 200-250bopd this be deemed major success and especially with another well due.

Double hit imminent; BCE side track result and St Andrews flow rates.

I wonder what will be the "St Andrews massive success" flow rates from St Andrews?

Anomalies to consider

2022 oil prices lot higher than 2023 due to Ukraine.

2023 Wressle shut down for new pump installation incurring lost production.

2023 Oil levy

OK, in your opinion what do you think the P will be in 6 months time after the dust settles?

Yes agree, but extreme falls in SP by 95% must warrant an instant RNS "no reason for the drop". These guys not have broker/advisers etc informing management of events.

Questions:

A) Why did they not release this RNS in April when the big drops in SP happened to calm existing holders?

B) Why did they not purchase shares from cash resources?

C) I expected the SP to bounce a lot higher than 13p after that RNS.

That is correct, strange but true.

Also, these type of wells appear to increase rather than decline over the first few years due to nature of the reservoir and we have gas production to include.

Anybody here dare to explain why this SP has declined over 95% over the last year. They reported in Oct 2023 19% increase in annual profits. No other bad RNS released or a "know of no reason for the SP slump" issued. Why the decline, have the markets got it so wrong at 200p but right at 8p?

Next news is flow rates at St Andrews, BCE side track, possible WN update. If all good SP could hit 50p.

Almost same buys v sells, jury still out?

Very good interims, was expecting a placing today. Trajectory all in the right direction increased revenue and declining cash burn. Well done ABDX.

The coming months will hopefully see some upside. If BCE side track is successful and flow rates are good plus if Oklahoma flows 200bpd with more wells planned we will be back in the thirties. Plus Wes Newton in the mix. Market sentiment is not great at the moment, lots of shares out there have crashed big time over the last year. We will recover in due course.

I suppose 2p was the best on offer and needed the cash.

What is the chance of Art returning as CEO?

Anyone know the sum needed for January payment, no figures included in the RNS, how many millions?

Correct me if wrong but is it not the case on default assets revert to BH ownership?

Views:

Can COPL progress without JV?

Does COPL need additional cash to progress assets or can this be achieved with cash flow?

Liabilities, any loan repayments due?

If this flows at 900bpd the annual revenue is 20m dollars, market cap 14m with 4.3m cash from recent raise. A steal at 0.10p, purchase and be patient over the next year or 2. Potential 5-10 bagger. Also PPP, producing 248bpd with another well being cleaned up with more in the pipeline, market cap only 2m, another potential 5-10 bagger.