Thu May 24, 2018 12:11 am
as I said an hour ago when talking about 750bopd
"IF we havent won any new contracts in the past 2-3 months & all those crews & rigs were working flat out on workovers etc, Id want to know why by now it wasnt higher than that !"
I keep saying the same thing tho, what gives us the biggest return for our money - workovers & incr in bopd or sub contract work - if we can get it ?
Either way, I stand by the fact that Range were given a big warning last Nov when Abrahams voted down remuneration. I suspect its all about the SP & it being circa 20% of what it was when they got involved.
IF the SP isnt at least 0.5p by the time they get to vote again in the Autumn, watch out !
Having said that, we have had 3x increasingly improved quarterly reports now & this last quarterly WILL be the best of the last 4. Im expecting production receipts to be over $4m net, alone. Full year bopd will average just under 700 or 30% improvement on last full year and receipts will be over 50% higher than last full year at circa $12.5m without sub contract work.
All the signs are there & have been for some time, apart from the blip in Feb/Mar bopd which they have now picked back up
And Im sure there wont be any waterflood improvement yet in those numbers
Now watch Surely, I mean Omazzz, change his tune & turn 180 degrees having bought back in ! ******* **** !