The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Someone trying hard to keep it down, but only for a little longer. I wish I was brave and had some more dry powder to bring my average down!! Hopefully, it will move in the upward direction but not too fast in case I find spare change.
Arms length transaction in this case it means the following to me: is that the offer in this case for the settlement of credit as related parties is comparable to the price to as per the RNS regarding closing of finance so removing any perceived advantage/benefit.
So the question is why accept..... ?
The point of all this debacle is stating to achieve 2000bopd, what the f..k, I thought according to the graphs hit 5000bopd, so after all this dewaxing, flaring, ggs, and injection we are looking at a mere 2000bopd disgraceful management, should take a pay cut and the finance director is a nodding yes man, look at where he has brought us with deals.
New director in place to focus on increasing production.... exactly "focus" so what it has been neglected before? So what are his plans....
: probably we are going to inject butane ... we know thhat! so what else?
: will the new director blame adverse weather conditions, if not succesful , workers ould not get as they were snow bound, too much rain... seen all the reasons for failure so far.
lets see these new structures and piping avoids all the constraints.
wait and see....
Good RNS though not what most expected but it shows confidence of the bond holders as they will know whats coming. Everyone has their own strategy but despite everything once the drills are done and the proof of pudding is there no-one is going to be able to stop true value. I reckon will be taken out for £5.00 per share post drilling.
GA
Waxing is a common problem increasing as oil gets heavier, we ave light oil ut will still have waxing, a process thats sciene in itself, depends on temperature, flow rate, adhesion to tubing, migration (wax particles). so different ways of cleaning the wax for eg mechanical, or raising temperature so oil does not cool down to allows waxing........ such a interesting dilemna but all that can be sorted... all will be good soon.......
Even at current prices, wells only produced 40bopd @say $100 per barrel (wti is predicted to go to $125 and above). So a well developed from scratch say around $80-100M would pay for itself pretty quickly, so both Frontier wells have a great potential I am sure we could get taken out for a handsome amount. Say 10% of oip ~ 90M @ $50 per barrel and at 10% is a big amount!!!
GA