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[atino] 17/3/2020 23:05

(God damn...) even she’s on lockdown ! 😜

[cashandcard] 17/3/2020 11:17

shujja1,

Of course, imagine the lockdown, one driller standing metres away from another driller. No more pasta I guess. Need to get them some pasta - keep them going. All those drill crews might have to drink oil if it comes to it, plenty of that once testing starts ;)


Cash

[grannyboy] 17/3/2020 11:08

When you learn to spell people might start to take you seriously ... IE QUARANTINED..

And let's not forget.. Seasonal flu kills more people every year..

[shujja1] 17/3/2020 09:27

.15 easy next afew weeks . People going to be corentined in the next few weeks. That's when markets will drop . When 5000.1000 dead

[iamgreat1] 16/3/2020 17:52

Will be sub 0.2 this week folks

[stockhunters] 16/3/2020 13:09

concern is now will operations be delayed due to virus, must be much more difficult to organise drilling crews for starters

[showmethemoneyhoney01] 16/3/2020 09:34

£6m cash and the level of equity in their projects. Sit tight is my thoughts.

[iamgreat1] 16/3/2020 08:53

0.2 looming now

[theaviator] 16/3/2020 08:26

FTSE off to 4800 where I'll consider a long for a bounce. Also will start looking at some bluechips

[cashandcard] 13/3/2020 09:01

archie222,


That is exactly their business model. Look at who is distressed and pick off the best bits from them.


Cash

[archie222] 13/3/2020 09:00

sounds like S&S may be scouting for scalps with the 6m - no doubt there will be a few bodies on the battlefield shortly

[cashandcard] 13/3/2020 08:50

There you go folks,


That's why having these two blokes in charge in these times is very good. They've spent enough time in the small oil space to know which assets to avoid and which to put their/our money behind. $13/bbl cash opex is extraordinary - it means the mooted fall of oil into 20's could happen and this will still be generating positive cashflow where hoards of other oilers, large and small, would be toast.


Cash

[soultrading] 13/3/2020 08:34

I took some more.

[5chipper] 13/3/2020 07:58

Apparently sw joined eog board yesterday..

[soultrading] 13/3/2020 07:45

Up we go..

[busterposh2] 13/3/2020 07:43

Cash flow king in these markets $13 per barrel operating cost that's pretty king to me. High cost debt filled operators will struggle in this environment, NOT onshore low cost operators like RBD

[busterposh2] 13/3/2020 07:41

It's uncommitted cash

[5chipper] 13/3/2020 07:20

£6m free cash makes a nice surprise.

Ev of £16m of which Cali has to be worth at least £10.

[iamgreat1] 13/3/2020 07:10

24m placing a few months ago and 6m left what did they spend it on

[iamgreat1] 12/3/2020 15:20

Sub 0.2 coming I can feel it

[cashandcard] 12/3/2020 14:23

There is literally nothing that can be done in a full on bear market. Everyone, big or small, gets hammered. I would prefer they go about making sure operations progress and keeping the cashpile safe.

What are people expecting, every producer is getting walloped at the moment. TXP has let most of its gains go after an excellent RNS yesterday. You can't fight the tide.


Cash