Max Petroleum Forum

i will not be attending. In Portugal for a while.

I will not be attending. I look forward to hearing from any people that do attend.

anyone spoke to tom this week?

Yes I agree I think we are shafted, another oil company bites the dust.... I would be nice if some of the regulators supported small PIs.

In reply to rjordan12003 -Using figures from the interim results for 6 mths ending Sept 14. 2900 bopd @$55 pb = $159,500 income per day. Cost of sales (less Depreciation, depletion and amortisation as I'm only interested in Cash at moment) was 49% of Sales or $78155 per day. Admin was 8.9% of sales so $14195 per day. Therefore, $159,500-$78,155-$14195=$67,150 cash per day. That's a surplus of $2,014,500 per month. These are cigarette packet calculations of course. What this tells me is that this company is far from dead. It is only debt that is the problem, sort it out and this company will survive and prosper. I've only got 85,000 shares as I thought "what the hell" and plowed a huge £140 into the stock. If things do sort them selves out this is going to be a traders dream and I will be in with more money; if it was trading at the moment I would definitely have a further punt.

Thanks for that max ! i have realised the error in my ways ! i shall use lse in future !

that = they; damn auto correct

rjordan12003 - most people use LSE; that cannot see posts that are on Discuss The Market. I use LSE to post normally but DTM for quickly viewing the BBs

not once has anyone had the decency to reply to anything i have ever posted on any bb lol

where are the 2900 bopd going anyone ??