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Re: 70 cents? Bargain... bargain ... bargain* great post Gulo. * I just look at from the perspective of Umusadege production and cash flow. * They have Umu 13 to tie in for production. They can drill another two production wells from that well pad. That makes three more production wells not yet factored into your production mix....i.e. current production number. * They have Umu 8 deepening to complete yet. * The western portion of Umusadege (the extension) that sits between the Ebendo oil field and Umusadege main has another three potential production wells insofar as producing potential from a single new well pad as well. New reserve potential too. None of us expect a miss there either. * the company has also identified two more production wells for the main portion of the field I believe as well. Have to go back and check my notes. That makes another 9 potential production wells not currently factored into the present production numbers of around 23,000 bpd. Is there any doubt why Dimitri stated that 35,000 bpd will become a reality in 2015? Nope. * now is indeed, imo, and to concur with what others are saying, the last chance to get a really good oil company cheap. What other oil company can you get with this much production and reserve potential for this price and at such a steep discount to its "likely" NPV number when all is said and done? * I'll let others decide but the bantered about 40,000+ bpd (gross) for Umusadege is possible imo. This oil field alone will power the company forward as we all know. End of story. OJ |
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Msg # | Subject | Author | Recs | Date Posted |
14814 | Re: 70 cents? Bargain... bargain ... bargain | sandy9 | 9 | 12/22/2014 11:52:13 AM |