AUCTUS PUBLICATIONS
Bahamas Petroleum Company (BPC LN)C; Target price of 1.90p: Perseverance well and balance sheet update – The overall final cost of the Perseverance #1 well in the Bahamas is expected to be ~US$45 mm, US$10 mm above initial budget. The higher cost reflects heightened Covid-19 procedures (~+US$3 mm) and side-tracking operations related to mechanical debris in the well (~+US$7 mm). We continue to estimate that cash will drop to US$6-7 mm when all the pending bills are paid. Thi ....
26 Mar 2021
Auctus on Friday - 26/03/2021
Touchstone Exploration Inc (TXP:LON), 43.0 | Challenger Energy Group PLC (CEG:LON), 0.2 | EnQuest PLC (ENQ:LON), 15.6 | SDX Energy PLC (SDX:LON), 3.6 | Serinus Energy plc (SENX:LON), 3.0 | Tethys Oil AB (TETY:OME), 0 | 88 Energy Limited (88E:ASX), 0 | Alvopetro Energy Ltd. (ALV:TSX), 0 | Valeura Energy Inc. (VLE:TSE), 0 | Frontera Energy Corporation (FEC:TSE), 0 | Orron Energy AB (0NNR:LON), 0 | Maha Energy AB Class A (0GEA:LON), 0 | Tethys Oil AB (0A1V:LON), 0
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Auctus on Friday - 26/03/2021
Touchstone Exploration Inc (TXP:LON), 43.0 | Challenger Energy Group PLC (CEG:LON), 0.2 | EnQuest PLC (ENQ:LON), 15.6 | SDX Energy PLC (SDX:LON), 3.6 | Serinus Energy plc (SENX:LON), 3.0 | Tethys Oil AB (TETY:OME), 0 | 88 Energy Limited (88E:ASX), 0 | Alvopetro Energy Ltd. (ALV:TSX), 0 | Valeura Energy Inc. (VLE:TSE), 0 | Frontera Energy Corporation (FEC:TSE), 0 | Orron Energy AB (0NNR:LON), 0 | Maha Energy AB Class A (0GEA:LON), 0 | Tethys Oil AB (0A1V:LON), 0
- Published:
26 Mar 2021 -
Author:
Stephane Foucaud -
Pages:
6
AUCTUS PUBLICATIONS
Bahamas Petroleum Company (BPC LN)C; Target price of 1.90p: Perseverance well and balance sheet update – The overall final cost of the Perseverance #1 well in the Bahamas is expected to be ~US$45 mm, US$10 mm above initial budget. The higher cost reflects heightened Covid-19 procedures (~+US$3 mm) and side-tracking operations related to mechanical debris in the well (~+US$7 mm). We continue to estimate that cash will drop to US$6-7 mm when all the pending bills are paid. Thi ....