this is huge. 35000 barrels oil per day., page-7

"entropylord....

Imho that is a bit of a blatant ramp. Oyong oil is minor,
and has been a huge dissapointment, and I am not sure whether it does much more than pay back capital invested? No idea what your number 2 major project is.

Maari does however look at good earner, but you need to get a grip on CUE's 5% being only 1750 bopd, and that this is still only the longstanding plan - ie no news. If however in a couple of months we get positive news on reservoir performance then that will be real news - albeit only project derisking"



I will back patpat up here...

entropylord, the back side to this stock is the upside to fiend reserves at Maari...
a quicker view on what ive said can probably be seen a few pages back on the HZN thread...

CUE has 2 productions already online which have added much value to this company, Oyong Oil has been masked by the downfall in oil prices in the later part of 2008.... We still got high prices at full production early on...
Imagine where we would be without SE Gobe or Oyong...
Oyong oil makes this a much more important project with the gas there... The gas will be long term revenues which also tie on Wortel...
netting 30 Million revenues (at a hunch per year) for the long term.... Oyong Oil is Critical for our cash cow future...and reduces these further cap costs which are reduced by Oyong Oil development....

as for SE Gobe....
there are further ambitions to increase production, (or at least add further development wells in a year plus abit )...
the 8 million per year on average from SE Gobe with little outlay in costs is vital to our small oiler...
and is a detrement to our asset class with only a minimal outlay of debt....

Look at HZN who has 10% on Maari... much bigger stake therefore much bigger costs... leading to much bigger debts...
and a much lower SP compared to CUE for its postion...
its our diversified approach...

The market wont really wake up to all of this/the vital steps until we are cashflow positive, healthy debt reduced....
This is position time NOW...
Im tired of talking this company up on what it has...

Sick of being sick over what assets I hold...

tired of being right fundamentally...

based on current developments we are on a hiding second to none... based on future developments we are going to be bouncing to 50 cents song....
you know the one...
hahahahahaha....