Member Info for Alexios

197mmbbls STOIIP is the figure in the ground and in paper

Contingent Resources and Reserves figure will be ~30-35mmbbls

So possibly 20mmbbls Reserves on a 2P basis

Still $1.2Bn value

Old WHI note from January suggest Serenity valuation NPV10 at $518M/£403M or ~280p fully diluted with all warrants converted and at $7.5/bbl

High value barrels so reduce this figure by 50% or so and you get 140p which is really good target IMVHO

Add Liberator and there's tons of upside according to normal o&g industry metrics and there's no need to go beyond these bonkers $11bn value of pil in the ground metrics. Don't embarrass the venture.

There's plenty o&g industry professionals invested here and trading

Haha that's under BP confidentiality agreements

Congratulations all holders

Boom123,

BOD have stated clearly that this is not the stated COS figure and they haven't mentioned the COS figure for the 3rd drill, some 250m NE from the Lpt pilot duster.

So lets not start this nonsense COS figures

Petrol stations have ~90% COS due to water content in petrol ;)))

There's millions on the sidelines waiting for the oil discovery announced due to risk profiles

Good

"Z" suffix is used for mechanical sidetrack 1
"Y" suffix is used for mechanical sidetrack 2

"X" suffix is used for geological sidetrack

So the current well will have "X" applied at the end of the wellbore register

#i3E

Serenity well

Geologial Sidetrack drilled from 16Oct

Been 12days since and something leaked last Monday ~midday

Serenity drilling ops update expected next week

https://twitter.com/Alexios1201/status/1188409721289621509?s=19

Over 12months since IPO and nothing yet

#i3E

Serenity "Oil Discharge Permit" new application yesterday
https://twitter.com/Alexios1201/status/1187443120667025408?s=19

For DST(Drill Stem Test) apparently

They don't do DST unless there's oil/gas hydrocarbons in the well reservoir isn't it(?)

Now we know why the share price sprung up on Monday and today like the rocket

Good Fortunes all investors and traders

Haha James
No flowtest done at this stage as I understand
Haven't seen flowtest mentioned anywhere...

Wireline logging yes and maybe a quick dst to measure the rates within the drill stem

It is one and only Metro Bank
https://www.bloomberg.com/quote/MBNKF:US

Is it suspended today?
Last price $2.60

tonynorstrom1,

MAT ref number for A3 well is DRA700

A3 permits not issued/signed off yet, checked earlier today

Lovely rise today
Well done all

https://www.energyvoice.com/oilandgas/north-sea/210291/enquest-evacuates-north-sea-platform-after-subsea-structural-checks/
EnQuest evacuates North Sea platform after subsea structural checks
by Mark Lammey
21/10/2019, 11:42 pm
The Thistle Alpha platform
The Thistle Alpha platform
Sign up to our Daily newsletter
Oil and gas firm EnQuest said late on Monday that it had removed all crew from its Thistle platform after carrying out a preliminary subsea structural inspection.

The installation – 125 miles north-east of Shetland – has been shut down and all 115 staff members transferred to a nearby platform by helicopter, EnQuest said, without elaborating on the nature of the problem.

The coastguard helicopter based at Sumburgh, Shetland, and two other aircraft from Norway assisted in the evacuation.

Operator EnQuest described the move as “precautionary” and said further information would be released as soon as it becomes available.

A spokeswoman for the company said: “EnQuest can confirm it has proactively down-manned the Thistle platform today in a precautionary move following a preliminary subsea structural inspection today.

LR: Smart solutions for a safe and sustainable energy world - News for the Oil and Gas Sector
LR: Smart solutions for a safe and sustainable energy world - News for the Oil and Gas Sector
The way we power, heat and fuel our modern world is changing. Click here to read more
Sponsored by Lloyd's Register
Opt out of Adyoulike ad targeting
“All 115 personnel were transferred to a nearby platform by helicopter.

“The platform has been safely shutdown in accordance with planned procedures.

“EnQuest is liaising with all relevant authorities including the Maritime and Coastguard Agency.”

Read the entire rns

Based on trading in the 12 months to 31 December 2018, the Santa Cruz Sur Assets (70 per cent.) generated unaudited revenues of approximately US$31.9 million, EBITDA of approximately US$8.2 million and an unaudited loss before tax of approximately US$2.5 million

Thank you
All a bit clearer now

£2M cash(min 12months cash) plus aim listing at ~£400k so ~0.7p eqivalent
Everything else is potential

They need to start showing some numbers very soon

The venture should have been kept private for a little longer and get some serious VC Capital in for the growth and more bookings prior to the listing

Good prospect but they have a competitor DiscoEat in London now so will be much harder.

Swing trade yes but not an investment

This type of high risk venture should never have more than few % of your total portfolio here

Yes I had a look and even Edison are not giving 18p for Heron