Member Info for affc21

Can I ask what is G&A from your calculations?
Some very juicy operating cash flow figures there.
Nice post thanks

Hi fernan,
I think of it as an updated lead acid battery, which gives off Hydrogen fumes when on charge (hence why ventilation is required and the explosive consequences if of such if not ventilated).
You can probably tell, I'm no expert either.

Interesting read none the less...

20 % more productive.
Does not use noble metals (platinum, ruthenium or iridium).
Outlasts current technology by a factor of 10. (Due to alkaline corrosion on the electrodes).

Still on the test bench, but sounds promising

Good luck

Mount Teide and Zengas (You don't get any better recommendations than that) are invested in Jadestone Energy (JSE).
An oil production company.
Best to read up on the rellavent threads, on LSE board and ADVFN board, where you will also find a very knowledgeable poster by the username of Croasdalelfc.

Brilliant postings as usual Jimmy, Thanks for sharing your hard work.

Thanks must also come from me Jimmy, for your in-depth knowledgeable postings, they have been invaluable in my understandings of the Anchois asset and the many financial possibilities to bring the gas to market in Morocco.

Continued:

The holding has produced a 255 per cent
total return on my 3p-a-share break-even
point if you have been following my recom-
mendations since I included the shares in
my 2017 Bargain Shares portfolio. The price
has also surged from the 8p level after 1
highlighted the potential for Chariot to
hit pay dirt last autumn ('Bargain Shares:
Speculative high return trading opportu
nity', IC, 5 November 2021). It could double
again once investors cotton onto the implica
tions of the latest drilling news. Buy.

Investors Chronicle
Dated 21-27 January 2022
Small Companies
by Simon Thompson

Chariot CHAR:10.75p
BUY
Anchois-2 well encounters high-quality
gas reservoirs with net gas pay of more
than 100m
Analysts double risked NAV and price
target to 54p
• Similar material exploration targets
with an estimated 2.45tof of potential
resources not included in valuation
Aim-traded Africa-focused transitional energy
group Chariot (CHAR:10.75p) has announced
drilling results that "materially exceed the
directors' expectations” at its flagship Anchois
Gas development, offshore of Morocco.

The Anchois-2 well has encountered
multiple high-quality gas reservoirs with a
calculated net gas pay totalling more than
100m, or almost double the level in the orig-
inal Anchois-1 discovery well. Net gas pay is
a key parameter in reservoir evaluation as
it identifies penetrated geological sections
that have sufficient reservoir quality and
interstitial hydrocarbon volume to produce
commercial quantities of hydrocarbon.

Analysts at house broker FinnCap note
that Chariot estimates that the Anchois B
sand prospect has a calculated total net gas
pay of more than 50m in two stacked reser-
voirs of similar thickness. The upper reser-
voir is a continuation of a reservoir drilled
in Anchois-1, with the lower reservoir being
newly identified. It suggests upside poten-
tial to the 247bn cubic feet (bcf) pre-drill 2C
contingent recoverable resource estimate in
the high-quality reservoir given it has a 3C
resource estimate of 375bcf. To put this into
perspective, finnCap's risked valuation of the
combined 361bcf pre-drill A and B sands 2C
resource is $215m (19p a share), but if the B
sands 3C resource is assumed then the broker-
age's valuation rises to $300m (27p a share).

The news gets even better because the
well also explored the deeper C, M and o
prospective sands and was successful at all
levels, encountering multiple gas-bearing
intervals across 250m with no water-bear-
ing reservoirs identified. The pre-drill
mid-case prospective resource estimate for
these three prospects was 543bcf. However,
fully geologically de-risked, and assuming 50
per cent commercial risking to account for
partnering, and FinnCap's pre-drill valua-
tion of $43m on the C, Mand o prospective
sands rises to $322m (29p a share).

So, with development funding interest high,
an offtake agreement with an international
energy group announced last autumn, and
excess gas to be sold into a tight European
gas market through the Maghreb gas pipe-
line, then the latest drilling success signifi-
cantly enhances the project's development
prospects, with first gas pencilled in for 2024.

Although FinnCap doubled its risked NAV
estimate to 54p a share, analysts have not
included any value for numerous similar mate-
rial exploration targets on the licence which
have an estimated 2.45tof of potential resources.

The holding has produced a 255 p

Note below (copied from FinnCap note dated 10.1.2022), that the over 100m of net gas play is expected to grow materially...

"This data will need to be fully analysed, but Chariot has confirmed that over 100m of net gas pay has already been identified across the main appraisal and exploration targets, significantly more than the 55m in the original Anchois-1 discovery well. This figure is expected to grow materially as around half of the new stratified reservoir sections identified between the main target reservoirs are thought to be net pay. "

Lot's to look forward to

27 January 2022
Trading and Business Update
Website calendar update:

https://www.jadestone-energy.com/investor-relations/calendar/

Shareholderchar thanks for sharing, very informative on the cash position.
That should help allay any concerns regarding any fund raising.

Via a poster on ADVFN

Rough figures...

£10m mkt cap at 1p. Cash of £5.8m

Not checked myself

Thanks for your take on progress to date EnergyGeo, it's very much appreciated.

Direct link to Report From The Rig:

https://www.carnarvon.com.au/report-from-the-rig-with-george-mills/

Or You can download the original PDF of this issue and you will find the it is in a higher resolution version:

https://bit.ly/2XWZ8QI

Understanding the True Hydrocarbon Potential of the Lixus Offshore Licensing Area, Morocco:
Dated 2020.

Modern data analysis techniques are providing new insights into reservoir distribution and hydrocarbon potential of the Lixus Offshore licensing area in Morocco - redefining Neogene clastic fairways in the offshore Rharb Basin.

https://www.geoexpro.com/articles/2020/06/understanding-the-true-hydrocarbon-potential-of-the-lixus-offshore-licensing-area-morocco

Not sure if this article has been posted before, but an interesting read nevertheless.

I have had this/these individual(s) on filter for the past week and it makes reading these posts so much more pleasurable, without all of the distractions.
And better still if no one responded, if you choose not to filter.

Let's face it they only post in expectation of a response and cause disruption.

Let's have a sensible and coherent board, please.

Try this,
Video link:

https://youtu.be/UZh1gj_Kj5I

Just putting the pieces together regarding Friday's RNS and the possibility that the oil column may be much bigger than the 2C case.

 Whoppy,s post:
Leslie says here at the end of the interview that the final casing point is key to the top of the reservoir and oil column thickness (from 13.5 minutes)
Https://www.youtube.com/watch?v=UZh1gj_Kj5I

ADV CEO Leslie Peterkin said (as per video):
"And so the key piece of information, first piece of information will be when we come out of the last, what we call casing before we go into the reservoir and so we were looking for the top level of the reservoir and the shallower it is, the bigger the potential oil column so this is the very first key piece of information we'll be looking for".
 

Which fits in nicely with the RNS as below:

Buffalo-10 Well Drilling Update Dated 14.01.2022.

The important bit (below), which relates to what Leslie Peterkin was referring to:
For operational efficiency, the 9 5/8" casing is being set at approximately 2,700 metres MD, with the geological markers in the 12 ¼" hole section having been intersected within the pre-drill range.

https://www.investegate.co.uk/advance-energy-plc--adv-/rns/buffalo-10-drilling-update/202201140800124666Y/

It all comes across as very positive to me, we will see in due course (next week).

All the best

Worth highlighting Mount Teide's post (part of below), considering people have digested the this mornings RNS and think that the oil column may be much bigger.

In which there is an uplift in the cash flow by 69% in the 3C case :

Suggesting operating cash flow(attributable to Advance Energy) during estimated period of PLATEAUX production of:

At today's $85/bbl Brent price
$313 million - 1C (8.5 months)
$585 million - 2C ( 1 yr 3.5 months)
$989 million - 3C ( 2 years 2.5 months)

At $60/bbl Brent
$218 million - 1C (8.5 months)
$403 million - 2C ( 1 yr 3.5 months)

$683 million - 3C ( 2 years 2.5 months)

Post in full:
https://uk.advfn.com/cmn/fbb/thread.php3?id=49237991&from=146#firstpost

With Thanks to MT and hope you do not mind me reminding folks.

======================================================
PS, 
2C is 34.3mmbo in total, ADV share is 12.5mmbo.
3C is 62.8mmbo in total, ADV share is 22.2mmbo.
(CPR & Admission Document, page 62)

======================================================
Also with thanks to Whoppy,s post:

Leslie says here at the end of the interview that the final casing point is key to the top of the reservoir and oil column thickness (from 13.5 minutes)
Https://www.youtube.com/watch?v=UZh1gj_Kj5I

Its just a case of putting the jigsaw pieces together :)
All the best