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||Market Cap (m)
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Exillon Energy Share Discussion Threads
Showing 4876 to 4899 of 4900 messages
|Slight increase in both average and peak production last month... must have been doing some workovers or a new well?|
Thanks for your response. I agree that a low-ball offer could come at any time. This is one of the very few junior oil companies that hasn't moved on yesterday's rise in crude prices. But at the same time there are obvious risks with investing here, and the spread is big.
Here in an interesting post from the EXI discussion board on Stockopedia:
"I have followed EXI for several years, even by Russian standards EXI is dirt cheap, regardless of which valuation metric you use. I can see two reasons the share price is so low, first despite having plenty of cash and 500m+ barrels of 2P reserves production has been dropping. I attended the AGM this year and questioned the chairman about it, the response was that since the oil price appeared to have stabilized EXI would increase drilling activity to ramp up production, so far nothing has happened on that front. The second reason is there are two large Russian shareholders, one owns just under 30% and the other owns 26.7%, no one knows if they are working together to control the company or not.|
|Galeforce, Welcome, these are points I've been scratching my head about, the stock doesn't get marked down on these production reports but it is worrying. It does seem like "jobs for the boys " with EXI as the last board were ousted 2-3 years ago but as far as I can see nothing at all has changed, if anything, things have got worse. I feel a low ball bid offer could be made at anytime. I've recently reduced from 25000 shares to just 5000, something just doesn't add up here. The corporate governance side of things worries me too. Good luck if you decide to invest.|
|Exillon looks very cheap, and I'm tempted to buy here. The enterprise value at this share price (120p) is only £107m.
But can anyone explain why production is falling here? The decline looks quite rapid.
That's -2245 bpd in 6 months
P1 reserves here are over 150m barrels. So presumably there is no shortage of oil. But has the company just stopped spending money on its existing wells until the oil price recovers? If spending on these wells or on new heels resumes, will the production tend reverse?|
|Not too much longer until this is a debt free cash cow (albeit even now debt is well below cash in the bank levels).
As the oil price rises I think this will be an in demand stock, even though its Russian........... one wonders whether the bidding war which fizzled out last time might happen again some time soon.|
|A bit perky today to get back on the rising trend - almost back to my buy price!|
|Definitely feels like upward momentum in the share price is building. Something must be going on in the background IMO. Wonder if there is corporate activity looming again?|
|Or not, production isn't helping.|
|Breaking out by the looks of it.|
|As you say must be the russian effect wilk1 but it does look out of skew with your no's there.
Chart above looks to have broken out of the flag though so watching for the anticipated move up to the 120p area myself then see where it goes from there.|
|Anyone care to hazard a guess about the company's direction going forward. Is it just going to be a cash cow. Current valuation is way,way way out of kilter with anything I've ever seen ( the Russian influence ) We have mkt cap of £168m £65m In cash increasing all the time and an approx eps figure of 20p this year. Time to back the van up ? Comments/ replies, greatly appreciated.|
|Scary non reaction to those results.|
the old header (now at post 3380) indicates the reserves at the end of 2013 as 196 MMbbl P1, 520 P2.
At c. 15-20kb/day this represents a production of around 5.5-7.3 MMbbl per year, so P1 now perhaps around 180, unless they've upgraded any of their P2/P3 since 2013.|
|July production shows a 3.3% decline of average flow from June & 2.5% decline of peak flows, which is a little higher than from May-june.
Anyone know when the next well is due on stream?|
|any one know the 1P reserve for EXI?
2015 AR says it's mentioned in 2014 AR, but i cannot find the 2014 AR in it's website, the " more reports & results" link does not work properly.
many thanks in advance.|
|Infact, since the new team were assembled OVER 2 years ago production has actually decreased by 3000 bopd. Is there any evidence of them achieving anything or is it just jobs for the boys to get a cheap takeout price. Thoughts anyone ??|
|Since the last board members were ousted what's actually changed here ? There was a big song and a dance about the company moving forward but as far as I can see nothing's changed. I've a large long position.|
|We should be getting the July production figures in the next day or 2 - perhaps it was a bad month...|
|Our aggressive buyer seems to have disappeared ??|
|Just need a couple of buys on the order book and it will bounce.|
|pi.. poor timing that was!!|
|Its fallen a long away so who knows how high it will go. Clearly though on the order book there is a very strong buyer who always seems to want stock on the bid.Hopefully he will get aggressive.|
|What's your target price Miti, just out of interest ?|