We would love to hear your thoughts about our site and services, please take our survey here.
i think few people care about the so called deramping posts. it is the air of smugness used by a lot of derampers that gets people hackles up.. but i suppose that is the intent. Now Is to say something positive ramping? possibly, but only if it is completely fabricated and stated as fact.. same goes for "deramping". Deramping is seen as worse as no one would bet money on a horse then stand there shouting "Trip! Fall! Trip!! at it..
I suspect the 120bpd reported is this low due to well control reasons and not low pressures or something else. Basically once some more time is spent on the well it will flow much better than now. Just have to make sure it is safe first. We should all be excited. :).
The question isn't how much profit we will make in Q4 LB, it is how many times you will change your tune in the last quarter of the year.. unless I am mistaking you for another poster, you were talking everything down last week, and now it is all positive..??
Sorry Ginger. I just did as you asked and Googled “ negative retained earnings” and I don’t see the relevance in this instance. For your previous comments It seems you are implying the money spent by COPL is still owed in the form of a loan by shareholders and money raised during previous placings etc. Is that what you are saying? Who are you saying the 150 million is owed to?
It sounds like your broker has no clue. Call them and make sure you speak to someone with knowledge. They should be aware after the delist the shares will be relisted immediately or almost immediately. You will want to ensure they are there ready to go upon relist.
Re: Drilling and when, Borr Drilling has an active LOI for a rig for this area for Q1 of 2021. As the rig is ready stacked this could be utilized sooner IMO. That is of course if it is under an LOI from Essar - Shorecan.
After some googling... “Meaning of Sole Risk Broadly speaking, a sole risk clause enables one party to proceed with exploration, or certain other work, at its own risk, when the other parties elect not to participate. ... If the exploration, or other work, is successful, the non-participating parties can join back in, and share the benefits.”
Shaa to drill 100 meters not very long. But all depends on the formation. One standard range 2 drill pipe is 31.5 feet long. If they are drilling with range 3 it’s 45 feet approximately per pipe. The first 100 meters would probably only take 15-30 mins or so after they reach the bottom and start actually drilling. After that depends what they are drilling into.
Saudi Arabia have deliberately crashed the oil price by selling at fire sale prices. One can assume to pressure Russia to join in and or to attack the shale boom in USA. In a couple of weeks it will be probably in the 40’s but it will take a lot of oil off the market In the near term.