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Please let Ms em explain what she ment.
Bob
Per the 10K his compensation was $236K in 2014. Please do the math for me.
Bob
I always thought a CEO was on duty 24/7/365. But if its 260day/year its ~$900day. Ms em always said /day (per day).
Bob
Would you please refrain from using this $1000/day pay cheque factoid. PN (per the 2014 10K) had compensation of $236K. That equates to ~$650/day.
Bob
So pancon withdraws from block L10b and the next day Shell buys BG. What am I missing here?
http://www.asx.com.au/asxpdf/20150408/pdf/42xrw0bhmkdq8t.pdf
There is a deadline out there somewhere. Taipan must drill or lose the block.
Taipan was given the block by Kenya. It must be drilled before a date certain. I believe it is before some date in 2016. Anybody know when that date is?
We sure see the Canadian Penny here in Pennsylvania. I keep sending them home via a friend who has a fishing camp in Ontario!
There has to be a drill on Block 1 before a date certain. All I'm asking is what is that date?
I am just asking how long they have to comply with the PSC.
The link still works for me. what is your point?
Bob
How long do they have to drill in Block 1?
My answer was deleated. Goodby!
Middy ownes this page!
Bob
This is getting out of control!
http://www.irishtimes.com/business/energy-and-resources/tullow-could-be-next-target-for-dragon-oil-1.2072496
That company is from Nigeria. Afren has gotten an extension on debt payments to the end of this month. Don't know if merger will happen. And if it does whether they will bail on Kenya as Afren seems to be doing. Lots of moves going down in the patch. It gets confusing, all the rumors.
Was +4F here this morning. We got about 4 inches of snow covered in freezing rain. About 14 inches everywhere.
Bob
Looks like Sepalt has another extension for buying Afren. Story at FT, but since I do not have a subscription, I cannot read the article.
Rumors in London have Tullow being bought by Shell. Tullow was up 9.3% in London today.
Bob
Tullow was up 9.3% in London today. Someone thinks Shell has come calling.
Bob
Hi Krom, Tullow was up 9.3% today on rumors of Shell takeover.
Bob
In 2020! If we're lucky!
Bob
I know that. That post is in response to a post by Krom. The italics is Kroms quote.
Bob
Krom, could you please cite a source for AOI's oil production?
LOL. Africa Oil's share price is near a 52 week low of $2.39 because in *its* case oil prices have had an effect. That is because it produces oil and low oil prices have an effect on the bottom line.
Bob
Guess its stall for now. Well at least until the block 2 well is done. Go TPN.
Bob
Hi Krom, The first Taipan well spud on Jan. 6. They are updating progress every 2 weeks and post pictures of the drill rig. The share price has been going down the last month. The Afren well was supposed to spud later this year. I'm guessing its just the oil price. AOI recently came out with cost of their oil around $13 a bbl in Lamu. The shorts in oil are in control. I'm in both ERHC and TPN.
Bob
Hi umbra. The sages never predicted the collapse in oil, so how can they predect the reversal? Or not!
Bob
PN is running for political office! JMHO
Bob
They are carried on the one drilling now on block 2. Later this year, they were to be covered for 1 well on block 1. That was with Afren. Afren had until tonight for a sellout to some outfit in Nigeria. I'll look for news. http://www.taipanresources.com/
Bob
Afren wants out of Kenya. 80% partner with Taipan in Block 1. They were going to drill later this year. Afren is not involved in the current well in Block 2.
http://www.nation.co.ke/business/Afren-Exploration-Budget-Oil-Prices-Lamu/-/996/2605158/-/pxym8p/-/index.html
Bob
Regarding POO, can not remember one analyst who predicted this fall. Currently there is not ONE who thinks POO will go much higher. So much for that!
Bob
Hav'nt sold any. Just no money to add.
Bbo
snayeman uncovered you guys on the other board. Prepare for the response!
Bob
King of Saudi dead, I have no idea what this means?
Ditto! It is very unprofessional of AOI to not record these sessions. They usually trade ~2mm shares in Stockholm and about 1/10th or less in Canada.
Bob
All Stockholm presentations are available on stockbrains utube site. Thanks stockbrain! Found on Stockhouse board.
https://www.youtube.com/user/MrStockbrain/playlists
The problem is you cannot hedge if you have no production.
Bob
CEPSA is the operator.
Bob