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S&P 500
5,189.96
(
0.18%
)
US TECH 100
17,618.80
(
0.05%
)
Dow Jones
38,911.87
(
0.15%
)
Brent Oil
83.12
(
-0.43%
)
Bitcoin
63,103.28
(
-0.10%
)
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john1045

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john1045

Re: DrillaHill post# 5684

Saturday, 06/04/2016 6:27:04 AM

Saturday, June 04, 2016 6:27:04 AM

Post# of 5825
Drilla and Bob thank you for your post on Q1 numbers! Looking very promising for Q2 and PetroRio considerably undervalued.

Bob,

I believe when Petro said they sold 400k @ US$43/bbl they refer to the price of Brent. As oil from Polvo field is heavy we have to consider a price reduction of ~10% or so per barrel. But certainly Q2 is looking much better compared to Q1 and imo we're still massively undervalued considering our cash and assets.

looking forward to next results
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