Member Info for trawl

Agreed they did the mh 8 completion and drill m 11 in 30 days

Production is up more than 10%

Oil is up 50%

Bodes well for mhz 12

Brent back up again

This will surely take a run soon

Bought some more today

Can't believe we're back at this level

Not surprised it was over subscribed

The 12% is excellent for those taking part

I suppose it saves time dealing with the rbl continuously

It's not surprising that there aren't many sellers

Oil back at 107 and production is probably in excess of 5700 bpd

In that interview marshal is saying mhz9 is now producing double the initial barrels

If so with high oil prices the timing couldn't be better

They are paying high interest on the rbl and the Vietnam project will require cash even sfter farmout hence the bond issue

The recent price hikes will help a lot but too early for dividends

Mkt cap is now about 315 mil dollars

End of june 25 cash was about 320

Will be interesting to see year end cash

Oil is now 110 dlrs maybe heading higher

At 90 dlr oil and production around 5000 bpd the cash should be growing

With the strong oil price jse may be able to hold on to a larger share of the project

MA has always said they run the pumps at a slow speed if there is a spike in short term oil price I

Wonder will they increase slightly to bolster cash

With poo now at 73 dlrs here's hoping the latest well is flowing

News this week surely

At the current oil price a full years production of

4600 bpd would be well in excess of the mkt cap

Hopefully we get a positive update soon

I'm hoping production will average 21k barrel

At current prices revenue close to 500 mil

With debt paid off then the current share price will

Be seen as a bargain

Any funds from farm out would most likely be tied directly to the actual project

Revenue is probably about 40 mil per month

Production average was 19800 per day

It's surely above 20k per day now

And net debt is heading south

It will be interesting to see what rate of production with 5 back online and 8 producing

With Brent at 63

Wall Street journal published a piece on abbvie in talks to acquire revolution biotech a cancer bio company for 20 bil dollars

The m&a continues

The falling oil price is certainly a factor

Thankfully they've hedged a nice % and the gas is at a fixed price

Would top up at anything 20 or below don't see it but who knows