RE: Crude Oil.Feasability.
I think u are the only one dreaming here. Management is worst and worst. They postponed all result. They hide some result (like tajik).....
I am a bit fed up with that management incompetence honestly. No wonder why the stock price has been decrease 5 times since their IPO 4 years ago.
To answer ur question feasability, when Robson spoke about 5MM CF a month with 4000 to 5000bpd it was when WTI was at 111$. We are today at 78$ is moving down as I type, so at today price the cash flow is almost non existent. They need WTI upward of 100$ to really make good cash flow domestically.
so at today price they can sell domestically their oil at 39$. Because they sell locally they dont need to pay tax except royalty (around 20% if my memory is good). so they receive 31$ for their oil.
Operational cost+capital cost+transportation cost is around 25$.
U have to add administration cost per barrel (ticket travel, renting of their office.....) u can add around 5$ per barrel according to the Q1 financial statement number.
So at todays WTI price their Cash flow is almost non existent. WTI has to go back to over 100$ to make good cash flow.
That is why I am thinking a fundraising in 2 to 3 months time with huge dilution. It would be very painful for us.
Best
Julien