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davo22

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Everything posted by davo22

  1. davo22

    CTR

    Just became a CTR holder....The rest of the year looks good....$20bo 2p from just one well not including cash, NICE!!...I also like the fact they have their own rigs...Interesting times..
  2. Nice and peaceful around here now!!....I wouldnt be surprised if a few more broker reports surface over the coming few weeks...KL 4c and there are another 11 anomolies to test!!
  3. Your happy to dish out the criticisms in an industry where only a handful have been success storys, yet you cant even get selling a house right, when millions of Australias have......lol
  4. Must admit I am surprised the negativity being directed at the NCI asset, it is IMO a company maker and well done to management for getting it done..... The shortfall will likely be very significant I expect they can place stock with supportive holders......Lets not forget the DTE shareprice has lost over 90% with these directors at the helm....I would like to see the current directors stay in charge when so much is about to happen....I thinkthey will stay...though a drillingJUR would helpno end...
  5. A company making announcement and your jumping up and down becouse it came out at 10.35am instead of 10am!!! You cant be serious!!
  6. I am hoping BCC will take advantage of the JUR/first mover advantage to secure the best development opportunity available, which based on the significant number/size of fields in the CI could have a large impact on BCC.....Potentially this could turn the company/sentiment shareprice around and lessen the dilution impact of the RI....if (not that I think it will) it turns out an underwhelming project then things may get ugly if the major shareholders choose not to enter the RI...
  7. I dont care as long as the farm in is professional.....
  8. IMO development project is likely to be a nice value add......
  9. other than to keep your job in the face of an attempted clean out by shareholders....
  10. davo22

    PYM

    23bopd net for well 21H......With 2 (3?) dud wells preceding it, was always a strong chance to be a dog, unfortunately the whole company was riding on it.......Looks like they will loose their only real project leaving only a few scraps to pretend it is a company.....1c may prove to be a dream too high in 12 months..
  11. No doubt my timing was wrong and I would much prefer to be buying now with less paper on issue, but the upside is is still very good from here and my 5.5c....IMO in hindsight down the track the focus here will be why those of you not holding didnt load up!!....with a rig drilling and some success the market is likely to start to value BCC on a reserves basis .....If Cosmo is anything to go by the new development project will increase reserves to help offset some of the dilution... A new chapter might be about to start... Cheers
  12. After the recent announcement of looking at strategic alternatives, I was hoping that some of the assets could have been JVd or monetised at a higher relative value than 4c which in turn may have led to a higher shareprice from which to raise...Clearly a load cr@p from management!!! IMO the primary attraction with the obscene size of this raising is to allow directors to place the shortfall and keep their jobs...From memory BCC can place the shortfall up to 3months after the offer closes...So likley to be easily placed we are drilling..... Wheres that 249D???? I expected things to go better......Feel free to say "I told you so"...I got it wrong to this point, though I still expect to make money (majorly diluted but lower risk)...
  13. Just watched Curtis on facebook....
  14. 8m buy order at 3.8c, who is trying to prop the market up and why???
  15. Good announcement we are now on site, could be drilling in a couple of weeks....... Will we see Republic re-issue the 249d today??.................BCC management will likely be happy HC has gone down.....
  16. With HC imploding hopefully we will see some useful posters/discussion around here now....
  17. Hi Bermuda Republic (who brought them into Acer) are IMO trying to bring them in to BCC to get the shareprice to reflect the underlying asset value, the 249d has been knocked back on a "technicality" though I suspect it will be re submitted in the very short term...... I rate it as a big buy....They do need cash, so depending how they raise it we could see some dilutionary pain in the short term....Hopefully they have got the message from the shareholder revolt and will release some of the value locked up in the assets rather than a share issue.. Cheers
  18. yet you thought PYMs management with a worse track record were going to turn in a 10 bagger...... While I am not pleased it has gotten to this point, Ihave an idea what may have tipped them over the edge and a board spill to maintain the status quo is unlikely IMO.....There is still potential due to the large reserves and significant assets.....It will be very interesting to see how things play out......For small share holders my guess is a smaller return in a quicker timeframe....
  19. davo22

    PYM

    IMO the market at 6c+ is providing a very generous premium to what the shares should likely be trading at based on the latest info.....Take the money and run while you still have the chance!!!
  20. davo22

    PYM

    1900bo produced in a week, or average of just over 200bopd, when initial flush production was as high as 1000bopd IMO is the figure the market is concerned about....They must get this well right or they have no company....The first 2 wells were a disaster and the 3rd is currently looking no better......With so much debt they could very quickly get into a position where shareholders have no equity in the company.....
  21. Nice work, you have done very well on a number of companys.......with a bit of luck when a company with crap assets like SSN runs so far which only gives me more confidence that BCC can dramatically improve from its current position... Cheers
  22. Yes, but lucky for me only 15% from break even......I hope your not too upset by Melua using you as an example of what not to do as an investor.......he summed up your PCL investment quiet well " I bet you wished you had of sold at 26c, still you only need a 2 bagger and new project to get back from here..I seem to recall you were a big SSN supporter only need a ten bagger to getback there...
  23. davo22

    PYM

    More relevant this thread..... Not sure you have done the numbers on this one....500bopd IP30 is ballpark sub 600k net revenue, that is a significant fall from the 780 it first averaged which might mean you are talking around 2- 300bopd by the end of the month...and likely this well will be sub economic.. $5mil net to PYM well cost was a figure put forward by a pretty knowledgeable poster, if that is wrong feel free to mention the correct one.. . If you are talking IP30 average then decline rates would make that a massive task (considering PYM would be netting around 300bopd)....6+ month averages of 500 and the task becomes feasable... What is the production rate Macquarie need to justify releasing further funds? Wouldnt be surprised to see a raising in the near term if flow rates are not significantly higher once the well cleans up...
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