Billy - I'm supposed to be working at the moment but you got me reading the PSA notes in the AIM document! Great read. Concur with some of the other comments on this thread (e.g. IG) but it s all a bit vague what happens when it expires in Nov 2022 + 5 years. One would think the varang 3 phase dilling program will coicide with the Nov 2017 exploration phase to enable maximum number of targets to be called commercial. That leaves basin edge unresolved. maybe the new Kaketi field is a ruse to bag as much of the block as possible! Does make you wonder why they have not got a move with the production phase so time bound! SN and associtaes have a lot to lose if they run out of time on the prospecting in the block.
Billy - didn't see in all the excitement with the "Fire fight" any reply to your question around the PSA.
Further information on the Block 12 PSA is set out in paragraph 7 of this Part I and in Part VI of the AIM listing document on the frontera website - a veritable treasure trove of information and a must read on the company and its history!
Firefox you can't even get the words right nevermind the chart. You have a position and will find what you want to find just like others have theirs. No news you might get your low, if news you will be blown out the water ! This is the game we play.
Firstly, pg3 confirms the price we were getting for our gas last year: “Sales prices currently range from USD7 – USD8 per mcf”. This is USD247 – USD282 per 1,000 cubic meters. Good stuff... (but check my calcs please).
Then, also on pg3 is a map showing Block 12 with a comment at the bottom: “Supporting studies from ResTech Engineering,…”
ResTec are petroleum engineers into PVT analysis. Here is an explanation of PVT analysis from OGJournal: “During development of an oil field, a number of crude oil samples are obtained downhole and then sent to a laboratory for specialized PVT analysis. This analysis determines reservoir fluid composition and derives such characteristics as dissolved gas content and residual oil density. The process designer's task is to design the production facilities based on the PVT analysis. The design comprises the different gasoil separation stages and, depending upon crude conditions, the design may also include crude heating or cooling, gas compression, and gas disposal. During the design phase, the stage pressures are optimized to maximize the stabilized crude volume, and to minimize compression power if flashed gases are compressed. To use the PVT analysis more efficiently for the facility design, it is recommended to constitute the reservoir fluid composition according to this procedure, calculate the main characteristics of the crude, and then check that the characteristics agree well with the PVT analysis.”
So possibly we're using a Saudi company for PVT analysis, which is relevant to oilfield facility design; separators and the like and gas compression facilities. Interesting.
got anything interesting to say on the shares tonight or is it all crap about where the sp was two months ago. it is where it is now going up or f@@king down and not anyone on this board including clueless tits has a clue where its heading
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