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Tengasco Inc. Message Board

pocilujko 209 posts  |  Last Activity: 21 hours ago Member since: Oct 4, 2003
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  • pocilujko pocilujko 21 hours ago 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 22 hours ago
    pocilujko pocilujko 21 hours ago 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 22 hours ago
    pocilujko pocilujko 22 hours ago 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

  • pocilujko pocilujko Jul 13, 2014 3:33 PM Flag

    The exciting part is from the July 8, 2014 Press Release:

    "On the Ravin West pad, Abraxas recently completed the drilling and casing of the Ravin 4H, 5H, 6H and 7H. The four Ravin wells, scheduled to be fracture stimulated in late July, will test 660 foot spacing in the Middle Bakken"

    AXAS will have almost two complete months of Production from the above Wells in additional to a Full Quarter of Production from:

    "At Abraxas’ North Fork prospect, in McKenzie County, North Dakota, the Jore Federal 1H, completed in the Three Forks, averaged 1,037 boepd (840 barrels of oil per day, 1,183 mcf of natural gas per day)(1) over the well’s first 30 days of production. The Jore Federal 2H, completed in the Middle Bakken, averaged 833 boepd (660 barrels of oil per day, 1,039 mcf of natural gas per day)(1) over the well’s first 30 days of production. The Jore Federal 4H, completed in the Middle Bakken, averaged 975 boepd (790 barrels of oil per day, 1,112 mcf of natural gas per day)(1) over the well’s first 30 days of production. These three new wells share the same pad as the Jore Federal 3H, which was completed in the Three Forks in October 2012. The four Jore Federal wellbores are 660 feet apart and 1,320 feet apart in same reservoir. 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"

    What is missing is that the Jore Federal #3H was shut-in while the three newer Jore Federal Wells where drilled and completed. We will now have a full 3rd quarter production from Jore Federal #3 Well.

    ED( ran out of Diet Dr. Pepper; switched to Diet 7UP)

  • Reply to

    Down Days On Low Volume!!!!

    by manonzmoon Jul 13, 2014 2:01 AM
    pocilujko pocilujko Jul 13, 2014 3:21 PM Flag

    BOO !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    Boy, did you jump !

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

  • Message #8263 on Investor Village; "AXAS Message Board.

    ED

  • pocilujko pocilujko Jul 11, 2014 5:00 PM Flag

    Easy Answer:
    Short Interest:
    6/13/2014 ...4.7 Million shares
    6/30/2014....8.9 Million shares

    Guess what happen on 06/18/2014:
    Secondary Offer of 10 Million shares.

    ED (still drinking my warm Diet Dr. Pepper

    Why did Abraxas share price dropped today?
    Just maybe the $2.00 a Barrel Price drop in Crude today had a effect.

TGC
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