Be Patient!10 Jul 2020 00:21
18,000 bopd should be easy with ESP’S working on both wells, Well 6 flowed naturally flowed at 16,500 bopd on its own with a psi of 145 without (ESP) we now have both wells running at 15,000 bopd with ESP’S operating I would expect the wells are choked back quite a lot! My verdict is they are trying to get well 7 to flow without intervening with the rhythm of well 6 which will be opened very slowly but surely but more so well 6 than 7!! Optimum levels are what is needed!
Brent oil will be into the $50 by August!
Hur Capex at 15,000/18,000 bopd $28/$33
$50 oil minus $31 dollar capex roughly?
$19 profit at $50 x 18,000 bopd = $342,000 a day!
That’s approx $124,000,000 profit a year!
HUR: has approx £140,000,000 - £160,000,000 unrestricted cash already!
Bonds are due in June 2022? Umm yes that’s easily Re-Paid!
Share price is going to rocket up from here, September would be my guess as airlines account for 8% of all oil used & airlines are set to double in flights from August & September again, Brent will be in the 50’s for sure.
Hold it out Lady’s & Gents! New investments in O&G industry is at its lowest!
Oil demand is rising? Oil investment is falling?
Oil productions is at its lowest levels in years! Consumption of oil will bounce the Brent oil price for sure! It’s been marked on purpose by the USA,Saudi Arabia,Russia they don’t want small oil prices!