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I don’t think the onshore bid round has ever completed?
Block G is almost right next door I believe. I wouldn’t want to see free info given away... not to competitors anyhow.
The longer this continues the more I think a problem is underlying that is being kept quiet. I can not believe this is still below 3p, when we hit 4p at the end of 2019, also anymore shares placed on the market will ust bring the price down. Come on Koot give us something to boost the sp.
or.................!
at this pint, I'll take a point........?
All the best (lol)
point
At this pint a miracle
Regards
Limopete
From a purple point of view though Bamps...........!
It's free..........! , given time, and rns costs........
and so, as we say in the world of optimism......... win win .......... :()
All the best (too true........? :)
What will it take to get this share moving up to 5p and beyong - reallu taking time here.
Well that was a good ramp by Malcy
A cost free option to buy it ( have I missed something)
A high recoverable reserves of 8.9m( P50 is 8.9)
He's missed the point this is only a small trial with 0.9m recoverable reserves
There are 2 things I agree with that Prd and Cerp are working well together and the cost for buying it is far too cheap
CO2 will be no good at Goudron
I've just shock your can of pop LLL..........!
I'll wait for you to open it............ :()
All the best (fizz............)
The word 'success' crops up several times in this appraisal but the only success has been to inject some CO2 and it will be a while before it is known if this will have the desire impact and increase production.
"Predator Oil & Gas/ Columbus Energy
Columbus as operator has this morning announced that CO2 has been successfully been injected at the Trinity Innis field, onshore Trinidad. This is incredibly good news for Predator, indeed one should call it a very important operational milestone for the company as, with the company already beginning the process of sequestrating the CO2, lays the foundation for developing a carbon credits strategy for the future.
As the first mover in this area in Trinidad it establishes Predator as the key player in CO2 EOR operations in country and as such will breathe new life into the mature oil fields currently being developed. More importantly, PRD will be differentiated from other peer companies in that it has already secured exclusivity over Trinidad’s entire supply of surplus CO2. Indeed the PRD management team initiated the CO2 EOR concept for the field, designed the CO2 delivery system, sources and imported the key equipment from the USA and designed and supervised the downhole web completions for CO2 injection. This included a number of regulatory and environmental approvals as well as technical subsurface analysis.
Importantly, PRD has with this success, has delivered its strategic objective of executing pilot CO2 EOR injection using its cash resources raised at IPO in May 2018 without the need to seek additional funding from the market by implementing rigorous cost control management. With valuable intellectual property rights for its CO2 EOR injection design and subsurface analysis PRD are in a strong position and they still have the exclusive cost-free option to acquire FRAM, operator of the field for less than $0.48 cents a barrel for high estimate recoverable resources, pending development by CO2 EOR of 8.9m barrels.
This success has serious implications for Predator going forward, having re-risked the CO2 process and injected into the target reservoir the company can justifiably see first revenues and indeed revenue growth, not just for the company but for the process in Trinidad. This will not have gone unnoticed at Heritage who have the largest inventory of mature fields onshore Trinidad and thus creates the opportunity to work together using the template established by Predator who have worked well with Columbus.
Finally on operational issues it should be noted that this success will immediately be flagged to ‘green’ investors as this is an alternative to businesses with poorer sustainability credentials, reduces CO2 emissions in line with ESG best practice in a world with ever increasing requirements."
More at https://www.malcysblog.com/2020/01/oil-price-predator-cerp-jog-dgo-and-finally/