Member Info for rossannan

Don’t do it Josh.

Supersport

“I don't believe the likes of Ross can't change a SP”

Well believe it, I can’t. I’m happy if I can just be part of keeping a newbie or two out of the clutches of the local rampers or the occasional LTH giving up the ghost or at least starting to see things differently.

Supersport

“Casa 4 an 5 could suprise us”

Yes, they could surprise you. Maybe best not think about that too much.

Hardolestation - what does my age matter? I am either right or wrong about this one and over the last year I have been right and you have been wrong.

As I said, GGG is the GOAT.

GGG is the GOAT.

“CAS 4 & 5 will be online soon enough”

Do not hold your breath.

Stas20

Whether I have a short or not (I don’t), it’s still 3,444 boe/d. Good luck with the pricing of the next raise.

Supersport

My position is very much not to avoid gold.

I can understand why no one wants to talk about how 3,444 Boe/d ex CB in Q2 tells us that even if one or both of Cas 4 and Cas 5 deliver significant flush production the “long tail” is going to be shorter and thinner than anyone thought. And it’s interesting to see talk about how long wells take to pay for themselves when there is in fact almost zero transparency on well costs.

Hardolestation

“Hope your short works out”

I don’t have one - my only position here is AVOID. Can you not see, from their decision not to state ex CB production, the kind of people you are dealing with?

Stas20

“quite simply I'll place my money on an insider that's prepared to lend US $12.5 million at 16p”

Good luck.

Johnoxxx

“marginal”

Remind us what the Q2 profit was and explain why this is down 10% today.

Hardolestation

“Use the full month of april that we know and july to get a more specific snap of production”

So compare original production to original production plus bought in production? How does that help?

Ayecuramba

3,444 Boe/d ex CB in Q2 tells us that even if one or both of Cas 4 and Cas 5 deliver significant flush production the “long tail” is going to be shorter and thinner than anyone thought. It’s all getting a bit marginal.

“Ross i understand how you have managed to confuse yourself, the figures you are looking at will include jan-july and at start of year we had flush production of cas 2 tailing off.”

So here is an integrity test for the local rampers - are any of you prepared to tell Hardolestation where he has gone wrong here?

Stas20 - I’m sure you’re right, just show me your working and I will admit my error.

Hardolestation

“Ross lets see you numbers for this decline? Come on back it up.”

Really not difficult. In fact, getting to Q2 production ex CB is about as easy as it gets.

The global Q2 average is 4,399 boe/d.

As Q2 volumes include approximately 1.5 months of CB production at 1,910 boe/d we just have to half that figure to identify the CB contribution to the global Q2 average - 955 boe/d.

Then we just have to subtract that 955 boe/d from the global Q2 average for Q2 production ex CB of 3,444 boe/d compared to 4,317 boe/d in Q1.

A real shocker that is worse than even I predicted and that kills the plateau theory stone dead.

Stas20

“if Cas come in as expected”

Says it all. If the next two production tests disappoint this is right back on the ropes, but even if one or both of them has significant flush production, these latest results, adjusted for dishonest presentation, blow the plateau theory out of the water. It’s all looking a bit marginal.

The fact they haven’t stated production excluding the CB production they bought in during the period is classic PB and classic AIM, but we can all do the maths - the ferocious declines continue.