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Topic Opinion: No Opinion Price: 1.03 I got same InfoMon 22:30As this post on advfn board from the_isolator 31 Oct'13 - 08:23 - 7118 of 7150 0 0 im told by someone close to Maxim that this deal is worth $140-$160m I obviously got my info or rather non info from an imaginary friend .
Maybe old news to you ut not old news to me when I was specifically told this by same person who confirmed that non drill still means $10m. So calm down, Have Warmish but not too hot a bath and take some prunes.
the_isolator 31 Oct'13 - 08:23 - 7118 of 7155 0 0 im told by someone close to Maxim that this deal is worth $140-$160m
Only price sensitive once drilled and problems encountered or not encountered come end of 9 month period and declaration has to be made to market . I reiterate I have been told by same person who confirmed today that $10m payable if no dril come end of April that Texas deal potentially worth between $100m-$150m. So expect fireworks once suspension ends and hopefully other announcements .I also see Alltech being very much involved in this going forward . This all obviously IMHO.
I would argue that A14 IS actually price-sensitive to Matra's share price and would require a RNS at spud but wdik and may be it has already spud as you mention? In a ridiculous way, I actually miss the company that Matra once was in terms of the mystery of Soko's size - but I obviously don't miss the setbacks which ultra summarizes. To this end, I will still be very interested to see if the new operator can achieve 1000+ bopd without water cut, or very little water cut. Call me a dreamer lol ;)
For all we know A-14 could have been spud already. Will MTA inform us when A-14 is spud? If it hasn't been spud then they need to get a move on. A-12 took 110 days to completed and test (spud July 2007). A-11 took around 130 days (spud December 2007). Both of these wells were trouble free, or if they weren't we were not told of any difficulties. Obviously A-13 was a disaster!! It was spud in the middle of October 2009 and took 7 MONTHS to complete. The results issued on 26/5/2010 were truly awful!! 26/5/2010 is a day that will live forever in infamy!! Instead of at least 65MMbbls of oil and 1000bopd we got just 100bopd and eventually just 15MMbbls (ERC/Equipoise CPR). The crew that started A-13 were cowboys and were replaced in January 2010 because they couldn't deal with the problem of the infamous nitrogen gas pocket. If A-14 has yet to be spudded and is spudded soon then it could be completed and tested easily by the end of March 2014 if the well is drilled trouble free like A-12 was. Presumbly they will be using an experienced and reliable operator and crew since they are already nearby producers.
How can be certain haven't started yet ? Do they need to inform via Rns that drilling started . Think not . I
Good work ty stav, and that's good to know. Thinking logically though, the new operator will surely drill A14 as soon as, and avoid giving away $10m without any chance of comeback on unforeseen technical difficulties with the drill. (foreseen difficulties agreed with Matra at the time of sale of Soko, don't count). Even though Matra's RNS says "The Board understands that the Purchaser holds significant acreage to the east and southeast of the Sokolovskoe Field with existing infrastructure and estimated production of approximately 6,000 bopd...." the purchaser still doesn't sound big enough to write off $10m without any chance of escaping payment to Matra through unagreed technical probs with A14. We shall see....
This dam iPad is a mare for auto correction. The end should read, what do I know.....