tomorrow is scomies day. the only laggard oil and gas counter still at yester low...should be breaching 0.20 easily... see if it can perch thru 0.25 tomorrow!!
as far the losses was due to lower oil pose their customers not invest on drilling oil.its is whole world facing the same not exempt... indeed once oil price rebound this stock will shown profit...the company manages to reduce the borrowing , well done
buy when others fear, sell when others greed but no money to top up.. how lorr pattern of selling like organize selling pressure by operator just wait for good news from ophirs oil well
The Ophir project originally intended 5.2 million barrels of oil pumped over the three-year lifespan of the field, with that number being contested by more recent reservoir studies by Octanex, showing a production estimate of 6.7 million barrels.
6.7 mil barrels* 45USD = USD301,500,000 cost of development = USD90,000,000 Profit over 3 years = USD211,500,000 scomies 30% stake = USD 63,450,000
Assuming Brent oil stays at USD45 per barrel, it will increase USD63 mil of profit into SCOMIES bottom line, this is equal to USD 21.15 mil or RM90 mil per year!!
Ophir Production Sdn Bhd continues to make good progress with the completion and installation of the wellhead platform. The platform is ready for rig and drilling in mid-May. The current projected Capex for Ophir is currently below our FDP Capex of USD90 million. First Oil is expected in the fourth quarter of calendar year 2017.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
longvalley
2,287 posts
Posted by longvalley > 2017-05-18 07:40 | Report Abuse
Grab more by n May.........!