Member Info for Bamps21

I'm sure Mr Magoo was in Greatxpectations or was it Jane Eyre, not my strong point ok nother glass of wine hic

Hi Cd1
If there were 40,000 deaths from flu with no lockdown last year, that sums up how bad this virus has been with 40,000 deaths with a lockdown in under 3 months.
Someone mentioned about Sweden you can't really compare our 2 societies. They have a much smaller population and vastly spread out and their ethnic mix is a lot less than ours.
Germany brought forward testing regimes after the Sars epidemic which is where we failed badly mainly due to most epidemics not reaching us before they dissipate.
Our big pharma companies are mainly drug orientated whereas the German companies centered around testing.
The last thing the country needs is a second wave, it could be worse mentally and economically

Hi LLL
Me a ramper, plying my trade- what is that suppose to mean.
I say it how I see it, I have been one of the few posters to mention the amount of capex required for Saffron.
The real negative about this share is the lack of meaningful news.
I've been very close to the mark with my foresight.
You haven't put a positive post together since you've been on this board, why don't you have a go.
To put the record straight I was asked to join a thread over there and pleased I have, they were very welcoming

Hi Nige
My view on it is without a lockdown the scientists predicted 500,000 fatalities, no one would want that on their plate.
Air travel spread this around far too quickly, too many exotic holidays in far flung places. The virus couldn't die out naturally, then when it got here it spread rapidly through our crowded transport system and our unnatural way of living.
We've lost too many NHS staff already I dread to think how many would have been lost without a lockdown.
Perhaps new Planning guide lines are needed to house less people per acre with larger open spaces
Only my view
ATB:))

Hi Ben
Hope you are Ok
Rightmove have recorded record 'hits' on their website.
Government are eager for immediate start to their infrastructure plans and looking for shovel ready projects
ATB :))

Hi Tiburn
Yes it looks interlinked with the logging tools, faster, better interpretation of the information right through to a Field Development Plan.
ATB:))

Thanks Vmax
That is a compliment. I always used to like reading yours when John , Gunner and Speculator were around
I always thought Speculator as one of the best, I wonder if he's still connected in the T&T oil industry

That post was one of your poorest I must say.
The NAV of this share is about 2.7p what keeps bringing it back down is the constant selling in to any rises, the NAV value keeps bringing it back up.
Saffron 1 has not finished testing yet when it starts producing the NAV can only increase and with a free carry on S2 will increase it further

Hi Tiburn
Have a look at google maps satellite, I was amazed how close to the capital WNZ is and the refinery to the South west is not far. Also near to the port.
Statsolie depot along the coast road to the west.
Offshore are large reservoir beds, onshore there are a lot of fault traps adjacent to an uplift very similar to Saffron :))

When I go on the computer later I will repost a bit about Suriname and the Petrel Project. I don't think posters here have cottoned on how important that software is
ATB:))

Hi Tiburn
Well done with your research and I don't want to dampen your enthusiasm cos it is an exciting field. The oil onshore is an older oil than offshore and is more akin to the Tambaredjo field to the west and in between is an uplift.
A cross section from offshore to onshore shows the strata rising to the surface with the oil reservoir disappearing at the coast.
Statsolie have had some dry wells near the coast.
The offshore oil is similar to the African fields because it was once one field split into 2 by Tectonic plate movement.
Hope I haven't dampened your enthusiasm , you have taught me a few things as I've not researched anything offshore apart from the geology:))

Hi LLL
You've seen my posts on Innis, It's on its last throws as a producing field.
There's going to be a big dilution on Prd to buy it unless they can work out a deal. They seem very keen on it.
It's too small a field at these oil prices to fund 2 operators
$4.2m would go along way at Saffron where the fiscal regime is far superior.
We all know the cost of the Steeldrum deal but nearly 18 months of 150 bopd has more than wiped the slate clean

on the question of assets Finncap published a chart on 4th Oct showing 4.9p per share for Cerp's core producing assets.
Taking into account there are about 10% more shares than then that would give about 4.4p
At $32.80 WTI say about 50% lower that would give a price of 2.2p
This is for core assets only, it doesn't include for contingent values of Trinidad or Suriname which Finncap gave a figure of 5.9p .
Saffron risked and unrisked values of 7.3p by Finncap dwarfs the core asset value, so if Cerp get $4.2m for Innis any effect of a loss of an asset will be minimal on the current undervalued share price

Thought I'd change that ridiculous heading don't reply to it.
This new heading is where it is going.
The Middle Cruse is a big expansion, 60 wells, the water cut will be dealt with.
News this month :-
Suriname- stoiip update
MC- Field Development plan to be issued for Ministerial Approval
MC- Zones 3 & 4 test results
Goudron- renegotiation. new Field Plans

I would ignore LLL's posts always negative he has a real beef with this company and will never change. Always change negative headings.

If there was a rights issue tomorrow I'd jump at the chance

Hi Bully
Goudron is a gem it's far more important than Innis could ever be. Innis is practically a spent field with little exploration available .
There is over 100m barrels to recover, the water flood scheme has barely started. Just a trickle of water has been retuned to the reservoir compared with what is needed but it has proved the connectivity of 2 wells. Ritson had plans of piping sea water to Goudron and said it would take a year or two to get 3,000 bopd out.
What has to be considered the oil has a very high API better than nearly every field in Trinidad.
The big bonus is the deeper levels of oil not explored yet.
It certainly does not warrant a farm out and it's far too early for CO2 apart from a trial. Remember CO2 works better with heavier oils .
As far as I know there's 76 wells available for workovers or water extraction
The license renewal is so important for confidence to invest, I'm expecting exciting plans for this field as we haven't had any news for ages waiting for the renewal.
ATB:))

Hi Offerman
If you can understand geology that link is fantastic.
Slide 14 shows a map of the Caribbean arc the islands are on an Axis of positive gravitational anomaly meaning it's mass is dense probably squashed upwards, then further out to sea there is the Barbados Ridge which on the Axis of negative gravitational anomaly meaning its mass is less, this follows the line of a tectonic shift of an Andean formed mantel( Andean is the second of 4 Eons).
Why am I going on about it, well it's this anomaly where most of the offshore oil and gas is found.
I'm not sure where it comes on land at Trinidad but it looks like at Pelo Saca going NW to the South of Point Fortin then off out to sea splitting the Soldada main and north fields then 500 miles into Venezuela.
Las Bejos fault to the south of Point Fortin has all the early wells in Trinidad to the north of it running SE to the coast.
To the south of this is underexplored but Soldada Main is south of the fault and so is South Erin and also a Cerp license by Granville beach.
I'm only guessing here but I believe the 400m target is to the south of this fault , from Granville Beach to South Erin in the Erin Syncline

The next fault southwestwards is the one running from Saffron through to Icacos, there could be oil all along that fault

It's a very good read but from 1981 so maybe out of date in places
ATB:))

Hi Neon
yes my initial investment was 20p.
My friend just told me he sold them at £3.10 this morning and bought back at £2.90
Been buying PHE waste plastic to hydrogen lot of growth there but does bounce a lot.
just spent 2 hours at the tip so there's a lot of waste around
Cup of tea brewing :))

Hi Offerman
I have thought about swapping when unsavoury characters come on here.
I've lost contact with Peter again but he was ok a couple of weeks ago.
I must put the record straight, my background is in Construction Management not oil.
My early career saw me head off to Ardoyne Point on the Clyde constructing the concrete legs of an oil rig (which coincidentally was taken over by Leo's old firm according to Twinkletoes 12)
I got a better offer so headed off to Canvey Island on an oil refinery this was closed down abruptly in March 1975. on Google Maps it's to the west of the island now a nature reserve but you can still see some of the huge tank bases( took 3 days to pour that).
After reading that link again from yesterday all i can say to everyone is South Erin watch this space :))

Hi Obadhia
Thanks for that.
When there are opportunities out there I research thoroughly. A lot of the Tw board followed me into other shares and indeed so did Peter and they all seem pleased they had, especially Ggp but ironically not many into ITM, most undoubtedly my best and the share for after oil.
I'm still researching Cerp I find the geology of the SWP fascinating and a lot more to uncover.
I believe this will be my last investment into oil but maybe the best :))

Hi Tiburn
The SWP license area is all on land as far as I'm aware with the land owner.
The SWP is very underexplored and that goes for offshore too.
I would expect that some of Cerp targets will straddle the shore line and therefore Heritage will be involved and license negotiations .
Up the coast around Brighton wells have been drilled on land out to sea, so no reason why Cerp can't do it.
Out to sea at Saffron there looks like a deeper interval below the Bonasse wells, as they were drilled on the wrong side of the fault near the coast, from one of those cross sections

Spent most of the morning looking through this book
https://pubs.usgs.gov/of/1981/0660/report.pdf
88 pages of mainly geological information on Trinidad but it names most of the oil fields giving depths and reserve source.
Loads of maps and information but there is little around Saffron apart from it shows the water zone to the north around Bonasse town. It also shows a band of Herarra sands running NE to SW with the southern edge north of Saffron under the water zone.
thanks to Tonnacombe on Prd board for posting that