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Ann: Capitola Oil Project Operations Update, page-10

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JWB1985

4,018 Posts.

63

23/01/15

14:50

Post #: 14631390
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Originally posted by forrestfield ↑

CT,
you must have noted that 62b are building so it is not the actual figure... may settle in some where between 80-120b.

Operating costs are too good $10-12 and production costs are close to $18... they are still making profit even at these oil prices....Low cash burn rate will see PYM being cash flow positive as early as this quarter plus trading below cash backing....

Cash to be kept in US dollars is also a wise move as the currency is low risk and PYM operates from there.

All really good in my opinion...

Cheers

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Yes, my friend - I try to be conservative where poss so the majority of the 'risks' to my valuations are to the upside.

I have hopes for McCain being 120 BOPD+.

PYM Price at posting: 0.7¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

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