Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
Must admit I am surprised that they are working to 6000bopd by the end of 2024. They are currently producing 3200bopd and yet with minimum 3 horizontals, 10 normal well and 2 exploratory wells they are only expecting 2800 extra a day. That would be an average of only 233bopd from the 12 new well. Considering they are expecting at least 1000bopd from the horizontals then I do not get it. I am all for understating and overachieving but that seems like totally ridiculous numbers. I will be mightily surprised if by the end of the year we are not at 8000bopd.
talk now of maybe 5 horizontals this year with all total 15 wells being drilled. no doubt that some will be exploration drills so might not find oil but disregarding the horizontals if they all were to come in at 500bopd that would be 7000 odd bopd plus the 2500bopd that we currently produce and we are nearly at 10000bopd. back of the *** packet calculations but they are making $52 per barrel after costs and tax that's near as dammit 190 million dollars a year. that is a considerable whack for a small company with no debt.
Interesting that the state is also talking about CO2 storage. I guess Cook Inlet is the easy place to store it but a wonder if they can build a two way pipe to the North slope. Current prices are $85 a ton for CO2 storage, this would also be a very nice earner.
Love this company, no drama, moving at speed (15 wells this year) and fully self funding eg they don’t need to raise money every couple of months. Very much under the radar at the moment but has huge potential for the future.
Catwoman4 you really do need to do some home work. There were less than half the number of shares in issue in 2021 and that 4p was reached after a massive pump by a US group that caused an awful lot of people to lose large amounts of money. Be very careful here as even with half decent results the share price will fall again quite quickly. There is so much to do (which will cost a fortune) before the company could even contemplate selling oil or in the company being taken over. Be very careful.
I am afraid I don't have the time but if somebody could put together a short but factually correct statement of all the lies told and the general situation and post it here we could all then use it to bombard news and other outlets with it. Needs to be factual and stand up to scrutiny.
Good find OilBcNu, Biden and his green crew would be the first major hurdle, but it seems they may be on side which would be a huge bonus. I suspect it would also need some of the major companies who also have gas to come on board and push for it.
Don't agree grumpy this is the equivalent to a company having found a massive gas field and should be included in the economics of the company, it should help bring others on board and if we need to do a cash raise it would mean less dilution for us. It is important the company gets it out there now as there is a potential method to get the gas to market and it is only our gas that has the right CO2 qualities without building big infrastructure to allow the gas to be sold to market. This is important news for the company.
Would be really nice for the company to get this positive news out into news with some detail on what could be the impact on PANR financially. How much gas do we potentially have etc. This could help secure funding for the future as companies may look at the oil side as a good in for future oil and gas. Mangrove should be heaving heart palpitations at the moment as this news is a bit like other companies finding a massive gas field. Well we have oil and gas in massive quantities and just need to get it to market. This company has the potential to go to the moon, just got to hang on in.
We need Trump to win in Nov. He has already stated they will push hard on oil and gas, especially selling it abroad. You could see the pipeline come on stream very quickly if he thinks there is money to be made for the country.
Interesting Viable why do you think they will only perforate 6/7 fracks?
How nice is it to have a company that is not looking for cash from its investors every single year! It is now self funding and is aiming for 15 new wells this year alone, brilliant. If they can pull off the horizontal drills and achieve 1000bopd from each we will be laughing.
10p would value the company at roughly 2.5Bn quid. Not happening 5lawsofgold as much as we might dream of it. The SP might be very low at the moment but you have to remember the number of shares in issue.
Getting to really enjoy being invested in this company. No drama, no debt and consistently good results. They are also drilling like mad almost a new well every month. Once the horizontals come on line this should really take off.
Yes Peaky that was the start of the massive fall in the SP. I have not yet forgiven them for that great move. Still have no idea how it was allowed midway through a drill either. Thank goodness Dave has come on board and has bought some financial sanity. When I think of the spending spree they went on with little regard to the SP it gets my blood pressure up. Every drill had a problem (concrete, blockage, gas cap/wrong fracking mix) Now we are going in the right direction although I am disappointed by the lack of a drill this year. Just got to hang on in.