Camban fair call publicly available information suggests F5 is buggered - January BOEM data attached for those interested search SM073 and its the 7th mention - suggests the well averaged 1.5mmcfd and 3bopd over the 14 days of production in January.
https://www.data.boem.gov/Production/Files/production by lease 2025.PDF
Thank god OEL can pay the bills and didnt bet the house on F5. This being said as you state why not highlight to market the following:
-live cash position - expect this to be sitting >1.2-1.3c - hopefully mention of insurance proceeds received during Q.
- live cash generating - I have the company generating $38 BOE/day at the moment with production/staff and admin costs of $10.5 BOE/day - Net cashflow $27.5 /BOE/day @ current producing ~1455 BOE - this doesn't include any income from cash pile.
- current production update - from 1H seems as though they have managed to keep both MBW & OBS producing - this should flow through to higher receipts.
-near term recompletions should provide near term production upside from a number of assets - viewed as lower cost/lower risk though F5 was meant to be the same ......
-at some stage the company will be forced to examine a plan B if they cannot get CR away - lets hope they have spent the last 18 months planning for plan B/C/D .... i am not holding my breath perhaps further cuts at head office needed no need for full time CEO/CFO/office people if they are doing nothing .
(20min delay)