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  1. #1301
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    Quote Originally Posted by boysy View Post
    yep he certainly did, bring it on ....
    Cashflow at 10MMscf a day, and 280 bbl of condensate is not going to be a company maker, so the market has factored in not much.On the other hand, it does appear to be
    a decent size field so the revenue should be there for many years to come.
    Always looking for the" elephant in the room" but extremely hard to find.

    Maybe mustang might be it?

  2. #1302
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    First well of four i recon - payback period of ~12 months can't really beat that type of payback in this sort of market, incremental production increase is what we are after after all .....
    Time is a great teacher, but unfortunately it kills all its pupils

  3. #1303
    FEAR n GREED JBmurc's Avatar
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    Been BUying more 4.5c either going be a brilliant or stupid move will find out very soon TH anyday
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

  4. #1304
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    JBmurc looks like a good result out today should run hard from here if further positives come through .....
    Time is a great teacher, but unfortunately it kills all its pupils

  5. #1305
    FEAR n GREED JBmurc's Avatar
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    Yeah stoked with ann. just what we needed 57mill in volume ... should trend higher from here
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

  6. #1306
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    yes i think the market will take some time to realise how much oil they have found and what bank funding will enable OEL to achieve ......
    Time is a great teacher, but unfortunately it kills all its pupils

  7. #1307
    FEAR n GREED JBmurc's Avatar
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    Quote Originally Posted by boysy View Post
    yes i think the market will take some time to realise how much oil they have found and what bank funding will enable OEL to achieve ......
    yes might pick-up a few more tomorrow
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

  8. #1308
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    Great link to the shareholder call by Deus on HC


    http://s000.tinyupload.com/download....28785227016144

    Sounds very promising all round this should be trading substantially higher in the next 6-8 weeks.
    Time is a great teacher, but unfortunately it kills all its pupils

  9. #1309
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    Quote Originally Posted by JBmurc View Post
    Been BUying more 4.5c either going be a brilliant or stupid move will find out very soon TH anyday
    Looks like a brilliant move to me. Once financing has been confirmed, and all the wells are online, the future cashflow looks spectacularly good. Only risk is the possibility of
    a recession and the oil price tanking, but I venture to say they could hedge the greater proportion of their production.
    Still looks cheap by any metrics or analysis of future projected cashflow.

  10. #1310
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    Yes those cashflows look particularly good going forward you have to wonder at what stage will this be reflected in the SP. Looking forward this is currently trading a < 2x PE assuming they hit their 5000 BOEPD target based on current prices.

    The Co is very different now to simply having three wells and one find in the GOM. This time next year we should have income from four different fields (3x SM 71 Wells, 2x Lightning wells, 1 or 2 from GC21 and Mustang with potential further finds from the Hilcorp drilling programme).

    I suspect if the large holder who wanted out has excited the supply on the sale side could dry up going forward and a bit of FOMO might start to creep into the SP.
    Time is a great teacher, but unfortunately it kills all its pupils

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