children in the Middle East. ????? You would have just a soon drop a bomb on them like McCain. I have never seen such a stupid military arrogance and lack of military strategic planning before his big mouth opens and sending helicopters into ground to air missiles with out softening the surroundings at Benghazi. McCain would have wiped out a 1/2 mile downtown area or sent more people to death. We would be at war with Libya , Syria, Russia, IRAQ,IRAN ....ect.... ect..... How many people have died in Ferguson? You watch we will be in wars with in two years of the next republican president and hundreds will die in civil unrest.
5 different ebola strains. All hands on deck. The disease is dangerous. 300 mutations.
ISIS is a treat people don't understand. IDEOLOGY with out borders and controls used in the past. The governments all across the world are taking note. The boundaries of state and geography have been broken and new allegiants have been made. This means US (us) and them ( terrorist) Ideology. ONE day US ( us) may include many we call hostile states right now.
I also worry about foreign policy and macro event the past few years. I see Obama solving many of the problems and praise his wisdom. I also see Republican leadership leading us into war on many occasions. Heaven help us with the senate and house under republican control. The world is in dire straits and the cause is not the administration. I see the ISIS treat as real as you do. I don't see Israel as any cure . I see us tighter to Syria, Iran and LYBIA ! The diplomatic stance of Obama I feel has provided strength to the middle East and possible solutions and not war like the republicans would have initiated If McCain the blooming Idiot opens his mouth one tone more time with , #$%$+company ,fools the world may not survive.
THE HOME OF Hitler will never embrace the Arab/Muslim states. THEY MAY NOT FEAR THEM BUT, I feel they will not embrace them. Fear and anxiety are natural parts of life as Europe needs oil. I see them being squeezed by Russia and running to Islamic oil for safety. They owned parts the Middle East and I am sure don't trust them any more then us. In no way can SA, Jordon or Egypt form a pact with Netanyahu HE said: "It's obvious that Iran wants to remove the sanctions that have had such a devastating impact on its economy, but it should be equally obvious that Iran is not prepared to dismantle its nuclear weapons program in return." I don't think either side is totally right. Israel is a strong partner and friend but they are in no way our only partner or friend in the MIDDLE east or worth alienating us from the others. OBAMA has been unjustly criticized by people that show an overwhelming hatred , VICHY, phobia and down right racism. Where do you want war first , Syria, Libya, Russia, China or two dozen other hot spots Republicans tried to get us into already the last decade? Obama is more right then wrong and that a lot more then I can say for his critics.
YOU fricken IDIOT was most likely pushing the pipeline 6 months ago. Two months ago you were thinking Germany was going to collapse with out oil. Normalizing international banking relationships and oil flows to an eastern hemisphere ?????The people are simply thief's, liars and fanatics that will never be trusted or given the bomb. Your IDEOLOGY is a complete 100% change in the spectrum of common sense or reality. I would try a drug that prevents delusions and glandulous rants of world peace and cooperation. Oh, I need you, my Lord, kum bay ya; Oh, I need you, my Lord, kum bay ya; Oh, I , my Lord, kum bay ya, O Lord, IT worked for the Beatles and never since. Didn't I see you with a tambourine years ago?
I have read the 10Q , suit and company comments. I am very aware of the consultant , contract, demands, obligation by IBIO and remaining liability for work remaining. I also have read the technology and patents discovered with their partnership. They tried to pull a fast one and go around IBIO. I still believe they are a great asset and could be a driving force for new customers and our technology being used. I hope Plantform does well in its attempt o make something useful with their research agreements. AS ROBERT stated, IBIO technology will be used, it has to be used for royalties to begin. I hope they discover many different cures. THEY have to come up with something first before damage is done. Then it has to be used.
Representative Michael Burgess, a physician from Texas, said at a congressional hearing last month that the ramifications of an Ebola patient are substantial and hard to anticipate. Why did the Ebola patents got to Texas ? Bryan, Texas-based biotechnology company Caliber Biotherapeutics is researching and developing treatments for the management and treatment of deadly diseases with Texas A&M. Texas task force on Ebola? GSK and Caliber? Will Plantform use Caliber and Government networks?
"Until you have this thing in your backyard it's hard to predict how this will affect your life," the Republican lawmaker said. "Trash collection, sewer treatment, school districts, everyone down the line was affected by this virus in our area."
learn to read little boy. The six-month project .........maybe the second or third round they will be ready. .......This disease will be around for decades........ 5 different Ebolas so far !!!!!!!!!!!!!!!!! All hands on deck genius...... There will be many projects and contracts with many players.
There are an estimated 120 biologic drugs on the market today and hundreds more in development. The global market for biopharmaceuticals is growing as more and more companies realize the advantages of biotech, and it is expected to reach $239 billion by 2015. There are currently five known strains or species of the virus. The Ebola strains have mutated 300 times. All hands on deck would mean Caliber, IBIO Texas A& M, and all people with darpa contracts. Plantform, NLNK, Amgen and many others have has government contracts as well as MAPP now and they could be a part of the puzzle. Schinzo is stupid enough to think one company will get it all.
Thanks to our technology partner,Fraunhofer . royalties and contracts with Fraunhofer as IBIO owns the technology and patents. Under the terms of the TTA (described in Note 6 – Significant Vendor) and for a period of 15 years: 1) the Company shall pay Fraunhofer a defined percentage (per the agreement) of all receipts derived by the Company from sales of products produced utilizing the Technology and a defined percentage (per the agreement) of all receipts derived by the Company from licensing the Technology to third parties. The Company will be obligated to remit royalties to Fraunhofer only on technology license revenues that iBio actually receives and on revenues from actual sales by iBio of products derived from the Company’s technology until the later of November 2023 or until such time as the aggregate royalty payments total at least $4 million. All new intellectual property invented by Fraunhofer during the period of the TTA is owned by and is required to be transferred to iBio. Fraunhofer continued to be the Company’s most significant vendor.
TENS of millions of dollars is being spent by many Schinzo is Ebola air born ? organizations and world organizations. Why don Schinzo see this as he claims to do research? Did the researcher make a mistake or is it air born?
• Abraxas reported production growth which again topped upward revised estimates.
• The company remains profitable with low production costs.
• With a clean balance sheet and healthy operating margins, the company has the ability to weather sustained commodity weakness. Seeking Alpha Elephant analysis- Abraxas appears well-positioned to handle a prolonged slump in oil prices. I had mentioned before that its breakeven point for maintaining steady production would be $47 oil in 2015, $52 oil in 2016 and $56 oil in 2017 based on its hedges and cost profile. However, it is important to calculate its hedges properly. Abraxas has 21% of projected 2015 oil volume hedged.
• The December corporate update presentation appears to show that 78% of 2015 oil production is hedged.
• However, the label for that graph notes that it is based on end of 2013 PDP.
• That means the production levels in the graph are based on wells that were already producing at the end of 2013.
• It does not include additional wells brought into production since then, which would account for 73% of projected actual 2015 volumes, thus accounting for the difference in hedging calculations.
• Abraxas appears well-positioned to handle a prolonged slump in oil prices. I had mentioned before that its breakeven point for maintaining steady production would be $47 oil in 2015, $52 oil in 2016 and $56 oil in 2017 based on its hedges and cost profile. However, it is important to calculate its hedges properly. Abraxas Petroleum should have breakeven cashflow at $47 per barrel oil in 2015 due to its hedges.
• Breakeven would be $52 per barrel in 2016 and $56 per barrel in 2017 based on existing hedges, steady state production and $60 million in capital expenditures.
• Unhedged breakeven point is $59 per barrel if Abraxas wants to maintain production levels.
• Debt has been reduced significantly since last year and appears quite manageable given Abraxas's reduced capital expenditure budget.
• $85 per barrel oil would result in around $55 million in free cash flow in 2015, and would likely allow for a significant expansion in its capital budget.
Abraxas Petroleum (NASDAQ:AXAS) is an oil and natural gas company that primarily focuses on the Bakken, Eagle Ford and Permian regions. It recently announced an update in which slashed its 2015 capital expenditure budget from $200 million to $54 million in light of falling oil prices. It also mentioned that a capital budget of $60 million per year should be sufficient to maintain 2015 average volumes of 7,200 to 7,300 BOEPD. This article aims to look at its cash flow at current prices as well as its breakeven point for steady state production and the effect of its hedges.
The Current Situation
Abraxas Petroleum is expected to generate $106 million in revenues at $55 per barrel WTI oil. This assumes a $9 per barrel differential, as well as $4.00/MMBtu natural gas and $35 per barrel natural gas liquids.
Abraxas reported earnings in-line with market estimates posting EPS of $0.15. Total production continues to impress, with a 48% year-over-year increase. The company has been guiding low and delivering solid results that beat production estimates. Even with its production guidance revised up toward the end of the quarter, production beat even the high-side estimate with crude oil equivalent per day of 7,076. Lease operating expenses dropped $1.16 per barrel or 9%, which help add to a stronger bottom line. The company also expects this number to fall as low as $10 per barrel in 4Q14. Being able to cut production expenses, even by $1-$2 is incredibly important at a time when the price of oil remains so uncertain.