Member Info for wwal17

Must be a cake sale on at Drab Towers.

We have a walk out on table 3 CH, how many times, you need to pay more attention!

Billion barrelzzz!

I’m not disagreeing on the need for infrastructure upgrades, Art said it himself, “old English cottage plumbing in places”.

No reason why these upgrades can’t be done organically as monthly revenue increases with the high wti and Cuda acquisition.

The dreaded word that begins with a “P” is needed……that’s right… Patience.

Suppose it’s the beauty of data, depends how you interpret the figures or at least want to interpret them.

Having an analytical background, I try to compare apples with apples.

May 2017 10901 bbls
May 2018 22698 bbls
May 2019 31910 bbls
May 2020 37918 bbls
May 2021 41955 bbls
May 2022 49802 bbls

If you can’t see an incline in production here then I can’t help you mate. As more wells come on line, these numbers are only going one way.

Let me make this simple for you gold.

The last mortgage application you made, did your lender ask you for 1 month or 2 months bank statements to prove your income? No, it’s generally 3-6 months, 12 months if you’re self employed.

Production is up 36% on last year, it’s simple really, it’s on an incline. All positive for our RBL application.

Wouldn’t expect anything else from you to be honest, you comment daily on the 15 minute fluctuations, they mean nothing unless you’re a day trader.

Slippage again? Year to date production equals 265,066 compared to 194,580 for same period last year.

But don’t let the truth get in the way of a good story will you…

Averaging 50k bbls per month consistently, not bad considering a lot of frost in the ground earlier in the year. I noticed last year, the second half of the year, production numbers increased significantly so I expect the same this year, not to mention production is up month on month compared to same months last year.

http://pipeline.wyo.gov/AllOpcoProd.cfm?oops=ID11285&RequestTimeOut=65000&nOpco=1769

Taken from October 2021 RNS “In summary the Report estimates production giving rise to gross field revenues, before costs etc on a mid-case basis of £230 million (previously £141 million) of which Angus's share is 51%. This approximates to a gas price of 64p/therm being a mix of the actual volumes already hedged at 43p/therm and the remaining unhedged volumes accorded prices derived from the quoted and traded NBP forward curve to December 2026 and thereafter escalated by 1.5% per annum. The gross volume of reported Gas Reserves is unchanged.”

Current uk gas prices are now treble so am I right in thinking the £230 million gross field revenue is now potentially over £600?

Thinking of taking a position.

“A bigger share of an asset which is having huge ops issues. Yay.”

Drab you mate, move on for your own sanity.

He needs to get back to the telegram group Bob… oh wait.

Had to green box init and chameleon, doom and gloom merchants, rather eat glass than read their posts.

With the nominal sp reduced, the next play is effectively a JV, rather have 5% of something than 10% of nothing. I thought the RNA was encouraging, a lot of potential, inevitably it all needs funding but we knew that anyway.

Like anyone listens to a word out your gob Angus.

Angus I’ll buy yours when you sell at 20.

@bridgedog - Zero credibility, I tell you what’s changed, your spread-bet.

It was in the grip of the shorters for a while, for every lucky one, I’ve had a my fair share of dogs. Bit like the sex life but we won’t go there.

COPL is quite unique to me, I’ve become quite attached, there’s a lot of noise, so many bashing, to me, it means there is real potential, dogs don’t attract this level of interest.

I bought tullow at 8p, sold in the 30s, won’t be making the same hasty decision with COPL.

You take care of yourself dbh. x

DBH, my suggestion to you is to switch off for a few months, people are entitled to air their caution and frustration.

They don’t need to be told to sell every 5 minutes.