Ann: Block 9 Early Production Testing Update, page-553

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Sharetrader78

12,628 Posts.

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13/12/23

12:29

Post #: 71424291
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Originally posted by Roch2077: ↑

You have appraised 200-300 million barrels of Tar that you can’t sell. Everyone on here is pumping the crap out of this appraisal of more Tar because a lot are trapped at 9-10 cents and need to exit. It’s product is flawed and will always be flawed and hence the ability to hit higher profit margins is thrown out and with their 30 percent share with half going to Cuba and Tax plus you have 10 percent expenses so your margins are 5 percent on the total sales and that’s being very generous

Even if your revenue is 500 million dollars a year on 25k barrels per day you’re making 25 million dollars top line profit. Put multiple of 10 which above the industry standard of 7 your market cap is heavily over valued.

The product and demand is not there to move product that’s where the problem sits and to get to 25,000 barrels a day you need huge dilution and a ton of wells. This is the main problem with MAY 6 months ago it was the product that changed my position from BUY to sell because of demand, product flow rate and product quality. IVZ has the demand, flow and product quality that’s the difference

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You have nil clue ..MAY best-discovered oil to date is 19-Api low 30cP low-nil Sulphur

https://context.capp.ca/energy-matters/2020/og-101-heavy-oil/

Heavy and light crudes are different products; neither is superior. For example, consider the difference between gasoline and diesel. Both are refined from crude oil but they are not interchangeable. Gasoline cannot be used to fuel a locomotive, nor can diesel fuel a race car because gasoline provides horsepower while diesel provides torque. To follow this analogy into the realm of refining, every refinery is built and configured to process a certain type of input and does not operate well using the wrong input. Heavy crude oil refineries include cracking and coking units designed to break long-chain hydrocarbons into smaller hydrocarbons.Transportation fuels typically account for 75 per cent of a refinery’s output. The remaining 25 per cent includes home heating oil, lubricants, heavy fuel oil (often used to fuel ocean-going tankers and other large vessels), asphalt for roads, and feedstocks the petrochemical industry transforms into hundreds of consumer goods and products that Canadians use and rely on every day — from plastics to textiles to pharmaceutical products.

MAY Price at posting: 7.4¢ Sentiment: Buy Disclosure: Held
21 Upvote

2 Great analysis

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