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Hello. how come nobody replies to my message??? I'm sorry if I have offended anybody,
hello. Could that statement not imply that they are looking for a buyer or somebody to take charge of the company? CWEI perhaps?
in this regard would be most welcomed and i would appreciate it greatly. Please????
would it be a resonable guess to attribute 5-10%??
Thanks Robby. What about a guesstimate. Would anybody like to hazard one? You can give yourself a blue peter badge after.
in the past Caza raised a significant amount of cash that was used to fund the well which did not turn out to be good. Later on in its future caza had also brought online several oil wells. If my memory recalls me correctly caza was producing 250boed from these wells, loan free. My question is, in terms of percentage share of all wells to what extent has the money from these wells( oil and gas) been used to fund caza’s other wells? Please take into account the new monies which are generated as a result of the new wells but only to the extent of the share of the monies obtained from the initial wells.
mate dont tell me the skies the limit when there are footsteps on the moon. Its possible mate. God willing. Keep the faith. One day we will all look back at this and laugh.
sorry i meant fax.
p.s i sent them an email and asked them to consider raising funds via a placing.
I understand. But if they do a placing at a higher level ( for example @ 25-30p ) then dilution should not matter that much and also if we dont hit our targets we are not hit that bad.
Furthermore, on the assumption that caza takes another loan then the companies sale price would have to take this into account and I would therefore not expect a significant price per share. Kind or like algebra where two symbols cancel each other out. My argument finds support in historical data. Caza raised fund via YV and Appolo and the benefits of these funds on the share price has been insignificant. I do recall one of the big players in this field alluding to their disinterest in publicly listed oil produces on the grounds that their share holders have an expectation which is unreal. I therefore believe the way forward for us would be not to take another loan but to use the money which is being generated to fund further activities. I personally think that a share offering would be much better than another loan.
hi. If caza are getting significant revenue from their current operations why would they apply for a further loan and risk a situation of 'negative equity' when they could use the income from current production to fund future activities? Do they intend to be the next she'll or do they simply intend to prove up assets and move on?
I have a general question. Please could somebody answer it, God willing. could it be that company X is delaying its drilling activites as a result of the recent decline in oil prices?
with all due respect i think they did a 10 million USD placing on 07/01 and on the 07/21 they anounced that they had satisfied their dealings with YV. Take care
haaaaaaaaaaaaaadouken
hi. Thanks for the information. I think it is not so much about who produces more but rather about how much it costs to recover the oil. Take care Bye
Hello, Vernony. I appreciate your view however i’m a little sceptical for the following reason. USA does produce a substantial amount of oil but according to Rapier from the Energy trends insider, USA is an even greater consumer. He argues that of the 7.7 million Barrels of oil US imported each day in 2013, 3.5 million came from opec countries, with Saudi accounting for 17% of the crude import. USA did export 3.6 million bpd of petroleum in 2013, but mostly as finished products. I must admit that i am not accustomed with the 2014 figures, but one thing is clear and that is shale is starting to get too loud and some countries may not like this as it will impact the money they earn through their oil exports. Could it be argued that the recent decline in oil price has been deliberate for the purpose of quieting the US shale boom??
That’s exactly my point. Further, the oil sector lacks competition. So when something happens the whole marker is painted with the same brush. They need to think of innovative ways to create competition (I don’t know, buy one barrel get one free, or 10% discount etc). This may sound like a joke but I strongly believe that what is missing in this sector is competition. Oil will find its fair value eventually. Just give me that job and i'll change things, God willing.
I'M sure i could bring some stabilility to the oil market. Anyway wasted talant. Take care all and have a lovely weekend.
Hello. I think your right. The price fall will among many other thing serve to initiate more buying. The basic human mentality of 'buy one get one free' will apply as long as there are human's God willing. Furthermore, all the extra oil Saudia has in storage will get used up and they will need to produce more. I wonder if they sell their oil in 'job lot' fashion? They could perhaps sell all they have in storage to an emerging country for a discounted price. This would be good for the buying country as they would get it at a discount and good for the oil market as it would increase demand. More demand tends to translate into higher prices. What do you think?