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pocilujko 12977 posts  |  Last Activity: 1 hour 32 minutes ago Member since: Oct 4, 2003
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  • pocilujko by pocilujko 1 hour 32 minutes ago Flag

    Abraxas will have Update its June Production on Both the North Dakota and Texas Websites.
    Most likely Thursday.

    Enjoy the Weekend; life is short.

    ED

  • Reply to

    LNREF

    by cfseldner Jul 22, 2014 1:23 PM
    pocilujko pocilujko Jul 24, 2014 5:42 PM Flag

    Where are does Idiots pumping WRES.
    WRES is Down because WRES needs to Borrow $300 Million to pay for their Marcellus Acquisition.
    This $300 Million will be a Private Placement; I wonder what the Interest Charge will be ?

    Where are does Pumpers ?

    ED (slowly drinking my Diet Coke.)

  • Reply to

    LNREF

    by cfseldner Jul 22, 2014 1:23 PM
    pocilujko pocilujko Jul 24, 2014 5:37 PM Flag

    The Pocilujko Curse is working:
    LNREF is Down 2 Days in a Row and back to 51 Cents.

    Where are those LNREF Pumpers when the Stock took a Dive?
    Note to the Unwary:
    1. LNREF has approx. 700 Million shares issued.
    2. LNREF has Options for 92 Million shares outstanding priced at 30 Cents. You will pay 50 Cents Plus.
    3. LNREF has $200 Million in Debt.
    4. LNREF is drilling Eagle Ford Wells which are costly and Cash Flow Negative for the 1st two years before CAP EX is recovered.
    5. LNREF will need to keep borrowing for a long time.
    6. LNREF needs to have a Net Profit of $8 Million for a 1 Cent Earnings per share.

    ED ( drinking Diet Coke; ran out of Diet Dr. Pepper or Diet 7-UP).

  • pocilujko by pocilujko Jul 23, 2014 4:47 PM Flag

    Jul 22, 2014 17:15:00 (ET)

    Abraxas Provides Second Quarter 2014 Conference Call Information
    SAN ANTONIO--(BUSINESS WIRE)--July 22, 2014--

    Abraxas Petroleum Corporation ("Abraxas" or the "Company") (NASDAQ:AXAS) will host its second quarter 2014 earnings conference call on Wednesday, August 6, 2014 at 10 AM Central Time (11 AM Eastern Time). Abraxas plans to announce second quarter 2014 operating and financial results prior to the call.

    The conference call can be accessed by dialing 888.680.0890 and entering conference code 54244106. A live webcast of the conference call can be accessed under the "Investor Relations" portion of the Company's website . If you are unable to participate in the live conference call, a replay will be available through September 6, 2014 and can be accessed by dialing 888.286.8010 and entering conference code 67689280.

    Abraxas Petroleum Corporation is a San Antonio based crude oil and natural gas exploration and production company with operations across the Rocky Mountain, Permian Basin and onshore Gulf Coast regions of the United States and in the province of Alberta, Canada.

    Safe Harbor for forward-looking statements: Statements in this release looking forward in time involve known and unknown risks and uncertainties, which may cause Abraxas' actual results in future periods to be materially different from any future performance suggested in this release. Such factors may include, but may not be necessarily limited to, changes in the prices received by Abraxas for crude oil and natural gas. In addition, Abraxas' future crude oil and natural gas production is highly dependent upon Abraxas' level of success in acquiring or finding additional reserves. Further, Abraxas operates in an industry sector where the value of securities is highly volatile and may be influenced by economic and other factors beyond Abraxas' control. In the context of forward-looking information provided for in this release, refere

  • pocilujko pocilujko Jul 22, 2014 1:49 PM Flag

    The Snake Eyes #5 & #6 Well Permits have beeen approved

    See Message #8267 on Investor Village; "AXAS" Message Board"

    ED

  • Reply to

    LNREF

    by cfseldner Jul 22, 2014 1:23 PM
    pocilujko pocilujko Jul 22, 2014 1:28 PM Flag

    Get Lost until there is a Message Board.
    You and your cronies are nothing but pumpers. I hope you get stuck holding the bag full of that manure.
    The POCILUKO CURSE ON YOU and LNREF.

    ED (keeping calm while drinking my warm Diet Dr. Pepper)

  • Reply to

    In Case anybody cares:

    by pocilujko Jul 22, 2014 1:11 PM
    pocilujko pocilujko Jul 22, 2014 1:17 PM Flag

    Bakken Down spacing still waiting approval.

    ED

  • The July Presentation is out .
    Slide #18:
    The Dutch #3 & Dutch #4 are drilling.

    The Dutch #1 & Dutch #2 are on Production

    Slide #15:
    Rib Eye #1 & Rib Eye #2 are completing (being fracture.

    ED (drinking my Diet Dr. Pepper)

  • pocilujko pocilujko Jul 21, 2014 5:21 PM Flag

    Get lost with your WRES ! AXAS doesn't need of piece of horse manure.

    ED , posting on AXAS Message Board .
    Yes, I am still drinking my warm Diet Dr. Pepper; that is why I am calm.

  • Message #8266 on Investor Village; "AXAS" Message Board

    ED, posting on AXAS Message Board not LNREF.
    LNREF pumpers are worst them those stupid website pumpers

  • pocilujko pocilujko Jul 16, 2014 10:05 PM Flag

    Well Status Code

    Code Description

    01 PERMITTED
    02 APPROVAL TO CONSTRUCT INJECTION WELL
    03 PERMIT EXPIRED
    08 INACTIVE INJECTION WELL (COMMERCIAL OR OTHER)
    09 ACTIVE- INJECTION
    10 ACTIVE - PRODUCING
    11 ACTIVE PRODUCING/CYCLIC INJCT
    13 OPERATOR CHANGE - NO MD10RA
    16 MULTIPLE COMPLETED/PA-35 WELL
    17 EDUCATIONAL/SERVICE COMPANY
    18 TEMPORARILY ABANDONED WELL
    19 INACTIVE WELL, NO RESP. PARTY
    20 PA-35 TEMPORARY INACTIVE WELL TO BE OMITTED FROM PROD.REPORT
    21 RVRTD TO LANDOWNER-FRESH WATER
    22 REVERTED TO SINGLE COMPLETION
    23 ACT 404 ORPHAN WELL-ENG
    24 RVRTD L/O-RESIDENT CONSUMPTION
    25 SL-STATE JUR,BHL-FED JUR
    26 ACT 404 ORPHAN WELL-INJECTION AND MINING
    27 ABANDONED SWD - NOT PLUGGED
    28 UNABLE TO LOCATE WELL-NO PLUGGED AND ABANDONED
    29 DRY AND PLUGGED
    30 PLUGGED AND ABANDONED
    31 SHUT-IN DRY HOLE -FUTURE UTILITY
    32 SHUT-IN DRY HOLE - NO FUTURE UTILITY
    33 SHUT-IN PRODUCTIVE -FUTURE UTILITY
    34 SHUT-IN PRODUCTIVE -NO FUTURE UTILITY
    35 PLUGGED BACK - NO PERFORATIONS - NO LUW
    36 SHUT-IN WAITING ON PIPELINE
    37 SHUT-IN WAITING ON MARKET
    46 FORMATION STORAGE - GAS
    49 OBSERVATION WELL-FORMATION GAS STORAGE
    64 ACTIVE PRODUCING/ANNULAR SWD
    73 WATER
    74 GEOTHERMAL WELL
    78 IRON ORE
    80 * UNKNOWN *
    82 CONVERSION TO OIL / GAS WELL
    90 P&A PER INSPECTION
    98 NON-WELL/ FOR UIC MANIFEST ONLY
    99 SALT WATER OIL RECOVERY POINT
    ZZZZZ VIRTUAL/BAD DATA

  • Message #218 on Investor Village; "PQ" Message Board.

    Even though the Update is dated July 10; the Well was officially a Dry Hole on May 27, 2014.

    The Link to the Sonris Well Data is on the Message.
    YAHOO will not let you post any Links.

    ED

  • pocilujko pocilujko Jul 15, 2014 10:39 PM Flag

    shobod:
    Look at Derivative Contracts as a Insurance Contracts.
    The Contract is that Abraxas receives a guarantee $92,75 per Barrel for its Oil.
    If Abraxas gets less for its Oil, Abraxas gets paid the difference.to get up to $92.75 a Barrel.

    If Abraxas gets more than $92.75, Abraxas pays the overage to the Contact issuer; usually the a subsidiary of the Bank where Abraxas has its Credit Facility.

    Note: Company do Hedges for reasons:
    1. Guarantees future Cash Flow in case of drop in Oil Prices so as to be able to finance their CAP EX (Capital Expenditures).
    2. Hedges guarantee that the portion Hedged Reserves are Priced at the Hedge Price and not the 12 Month(first day of month) average pricing. Banks base their Borrowing Base on Reserves PV-10).

    I hope this helps and doesn't confuse.,

    ED

  • See Message #8265 on Investor Village for Details; "AXAS" Message Board.

    "Note: What is done now is to get the "Surface Casing" hole drilled.

    When all three Wells has their "Surface Casing" hole drilled; then each Well will have their Vertical Depth drilled; then that is follow by drilling the Horizontal Laterals and the Well cased. When all three Wells are completed drilling then Completions (fracturing) begins on all three Wells.

    Note:: The Original Completed Stenehjem #1 Well's Production is shut-in.



    When the "Surface Casing" is drilled on the #4; Abraxas will continue drilling the Vertical on this Well."



    ED

  • pocilujko pocilujko Jul 15, 2014 7:03 PM Flag

    Mitchjl:
    The only fool posting is you.
    You post nothing but garbage, cluttering this Message Board.

    I am putting you on Ignore. ( too bad I can't put you in solidarity.)

    ED

  • Reply to

    Low Cash Position?

    by we_are_borg Jul 15, 2014 5:45 PM
    pocilujko pocilujko Jul 15, 2014 6:55 PM Flag

    Before Asking question you should do more Due Diligence:
    Recent Press Release:

    "SAN ANTONIO--(BUSINESS WIRE)--Jun. 24, 2014-- Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ:AXAS) today announced the closing of its public offering of 11,500,000 shares of common stock including 1,500,000 shares sold pursuant to the exercise by the underwriters of their full option to purchase additional shares at a price of $5.00 per share, less applicable underwriting discounts"

    Is that enough Cash for you !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    Did you even bother to check the Credit Facility to see how muck Abraxas still has left on its Borrowing Base to Borrow:
    From the 1st Quarter 10Q; you did read the whole 10Q? Even as far as Page #14:
    "As of March 31, 2014 we had a borrowing base of $130.0 million and availability of $70.0 million"
    Also:
    "Subject to earlier termination rights and events of default, the stated maturity date of the credit facility is June 30, 2015"

    And you looked at a Recent Press Release:
    "
    SAN ANTONIO--(BUSINESS WIRE)--Jun. 12, 2014"
    "Abraxas’ lenders today increased the borrowing base of Abraxas’ credit facility to $162.5 million from $130 million. In connection with this redetermination, the existing credit facility terms were modified to extend the maturity to June 30, 2018, reduce interest by 50 basis points across the grid and reduce the commitment fees to 37.5 basis points when utilization is less than 50%."

    Note: Besides getting a $32.5 Million Increase in Borrowing Base, Abraxas got an extension of maturity of THREE YEARS.

    The Bank isn't worry; what makes \you worry. Go back to Stone Energy !!!!!

    Ed ( calming Down with my Diet Dr. Pepper; skip[ping the limes(could be making me hyper)

  • pocilujko pocilujko Jul 15, 2014 5:19 PM Flag

    Boa\wa:

    Strange how posters post stuff that have no bearing on your question.

    lets take 2nd Quarter.
    Actual Cushing WTI was
    April 30....$100.07
    May 31....$103.40
    June 30...$106.07

    As of 1st Quarter 10Q, Abraxas had hedges of 1,510 Barrels of Oil Daily at $92.75

    ABRAXAS had ACTUAL CASH LOSSES of
    April: ...$331,596
    May.....$498,527
    June ...$603,396

    Total .$ 1,433,519 Total Cash Payout. The Loss on the Quarter Hedges are recorded as"
    Loss on derivative contracts - Realized In Other Income (Loss) on the Profit & Loss Statement.

    Now for the Non Cash Part (Future hedges that are not expired)
    June 30 Price 0f $106.07 minus March31,2014 (1st Quarter ending) of $101.57 = $4.50 per Barrel additional Loss. That Total would be Approx. $4.5 Million Loss for the 2nd Quarter.
    This $4.5 Million Loss is recorded as:
    Loss on derivative contracts - Unrealized in the Other Income(Loss) on the Profit & Loss Statement

    ED (drinking my Diet Dr. Pepper with Lime.

  • pocilujko by pocilujko Jul 14, 2014 10:33 PM Flag

    Apr Sweet Crude Price = $85.68/barrel
    May Sweet Crude Price = $88.31/barrel
    Jun Sweet Crude Price = $90.03/barrel
    Today Sweet Crude Price = $84.50/barrel (all-time high was $136.29 7/3/2008

    ED

  • " All three of the recent Jore wells were constrained on a smaller than normal choke to minimize flaring while the Company’s third party gas processor debottlenecks their gathering system"

    The Eight Lillibridge Wells Natural Gas:

    Month.............Produced..................Sold

    March.............107,766...................107,338

    April................137,683....................78,943

    May................125,978....................26,901

    ADDED NOTED: The Lillibridge #6H Well only produced for 15 Days in May.

    ED

  • Well..................Oil (BBLS)............# of days producing.......Gas Produced............Gas Sold

    Jore Fed #1..........6,818.....................14................................14,780.....................3,126

    Jore Fed #2..........4,077.....................11................................15,605........................571

    Jore Fed #3 (this is Older Well; Shut IN)

    Jore Fed #4.........7,702.....................13.................................13,692.....................2,204

    Mot of the Natural Gas Produced was flared off in May. Some Natural Gas was used as Fuel in the running of the Field.

    The Older Ravin Wells: Note that some where shiut-in for half the month.

    Ravin #1 ............2,471.....................31..................................4,416......................4,206

    Ravin #2............1,794......................14..................................1,811......................1,811

    Ravin #3............ 601.......................14....................................963.........................663

    The Natural Gas Produced and not Sold was used to fuel the running of the Field.

    ED

USEG
4.27-0.06(-1.39%)Jul 25 4:00 PMEDT

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