Member Info for Bamps21

Go on then you say something about Tw.
Or do you want a quiet board for months on end.

Hi troubles
Tw share price may stay around the high 190s for a bit unless PSN keep dragging this sector down.
Very happy with my gold play but off to my hydrogen shares they dropping, nearly time to play with them again:))

Hi troubles
I was in the Kettle Sings on the other side.
Very muddy at south end near the monument. Wind was bitter. I've never walked the whole length, walking up from our house to the beacon is enough for me.
Can see 16 counties from up there some old names amongst those
ATB:))

Hi troubles
Been sat in a cafe up the Malvern hills looking towards Hay Bluff on Offa's Dyke and the sun was trying to come out over there. Could be a good day for walking tomorrow but not at low levels.
To the west can be seen hills and mountains to the east the flooded Severn vale, mile after mile of brown water. Yuk

Hi Johnson
The loss of peak bogs on the hills of Staffs, Wales, Lancs, Cheshire is a particular concern of mine as peat holds far more CO2 and water than a forest.
Last years moorland fires and over extraction is one of the reasons of this years floods
ATB:))

Hi Johnson
I agree about the trees.
I think the country needs the new HS2 but not at the cost of removing ancient forests.
We should be getting our own house in order before telling others what to do or they will use against us to their advantage
ATB:))

2 of the worlds highest producers of CO2 are Qatar followed by Trinidad.
Trinidad is or was the largest producer of ammonia, for every tonne of ammonia produces 2.8 tonnes of carbon dioxide.
Some of the ammonia production goes into insulation products in our homes.
Ammonia is made from nitrogen from the air and hydrogen from natural gas, so this process is ripe for the new tech coming out. Greta should paddle over to Trinidad and get them to change

Bosch are well through their trials on a new hydrogen boiler but they are also looking at conversions of old boilers.
20% hydrogen is being pumped into the grid around Keele that's the maximum at the moment but new technology is thundering on
I'm very surprised that house builders aren't jumping on the band wagon of climate change. Every new site should be self sufficient in energy i.e. Ground source heat pumps, wind, solar, energy storage.
Can you imagine how the sales would be on the first energy efficient site.
It will come fairly soon
ATB:))

Just been comparing other oilers with Cerp over the last 3 months
Cerp-33%
Ukog -40%
Bp -20%
Shell -20%
If you compare these to hydrogen
Itm +150%
Phe+400%
It just shows that the virus is not effecting the hydrogen sector but definitely effecting oil sector. It's no wonder Shell are moving to hydrogen and Bp to wind power

Just comparing my growth stocks and Tw this week
Tw up 4%, Ggp 18%, Itm 45%, Phe 40% , Ika 33%
From what I can see climate change stocks are fairing well against the virus.
All household boilers to be hydrogen compliant by 2025 according to the new government task force. That's a massive commitment not only for the boilers but also on making hydrogen.
I'm sure the house builders will be drawn into the new H task force announced this week
I haven't bought any wind farm shares yet but more will be needed to produce the H.
This is the boom sector and I'm enjoying the ride at the moment
ATB:))

Hi mondovac
Regarding news on production figures we haven't had any of those for sometime.
Cerps New workover rig has been working on Bonasse wells which is Cerps best fiscal license is giving Cerp roughly $38 per barrel revenue at today's prices.
The spt tax is effecting work on other licences and is charged at a 3 monthly average oil price but under $50 it is not chargeable so effectively lifts the revenue to about $35.
These are only my rough figures
ATB:))

Hi Tom
Thanks for the info
Only one by river though at Kempsey. The boundary on the left/west is the flood plain.
Other developers to the north of the city want to build on the flood plain by building a huge bund but that just forces river floods higher elsewhere and it can't get passed the Worcester bridge anyway.
All a bit of a planning mess really.
That Perrywood site sounds tranquil, brown field which I'm all for building on , it was a Metal Box site largest canning factory in Europe at one time.
Maple Coppice too near M5 noise for me, a friend lives near there
ATB:))

I only know of one Tw site by the Severn, it's on the South side of Kempsey alongside Pixham ferry lane and goes down to the flood plain.
It's very close to my local which is still underwater at Sevrn Stoke and river coming up again. I think there are 6 pubs around Worcester now closed because of the floods :((((

Hi LLL
Your question of "will LK need need to raise more money " the answer to that is probably.
We've been told they have £3m to hand but £500k is being held back for Suriname.
Your argument is that they can't borrow more from Lind because the MC is below £25m but there is another clause stopping the 3rd tranche depending on the amount still owed, so the last tranche is for the future.
A simple way to install confidence is for directors to buy on the open market, look what a £20k buy did to GGP shares they shot up.
Getting back to cash in the next 3 months oil should be coming from Saffron from whatever level at unknown quantities, oil will be coming from the CO2 project or the £4.2m may come which I'm not hopeful on. Also Goudron and the rest of Innis , more Bonasse workovers.
Cash revenues will be coming gradually higher and then increasing with Suriname tests

Hi LLL
I didn't mention the draw for one reason, they have drawn down £3m so they have that as a liability but that £3m is now an asset cancelling each other out and the Nav would still be 2.52p

Good article on the Oilprice web site on wireline logging.
Conrad Schlumberger was experimenting on the resistivity of rocks / iron ore and not oil in the 11 years upto 1920. It became apparent though that it was very useful in detecting oil and gas.
Electrical resistivity logs measure the resistivity of rocks. Oil and gas do not conduct electricity whereas water does therefore oil bearing rocks can be found with the logging tools.
Interesting with that info reading the latest Ukog Rns that they used a logging tool on their horizontal drill using a Halliburton coiled tubing system and trying to find the source of water ingress to plug it with a liquified mixture.
Perhaps this is what Cerp might be aiming to do at Snowcap with that water ingress

Using last September figures of £32m of assets and £9m of liabilities divided by today's share totals of 873m = a NAV of 2.52p
I am still very optimistic of Saffron.
I am very hopeful of a good outcome with Suriname.
I am uncertain still of the outcome of Innis, I just can't see where Prd will get $4.2m from and fund the CO2 project. The project is too small for 2 companies to make a meaningful profit in today's market.
Since Xmas I've only bought £2.5k worth and I am unsure if I would put anymore in.
The news flow is just not right for me at the moment and I have e mailed them my concerns on that but not expecting to receive any reply. I can't believe people when they say they get replies straight away as they never replied to my last one.
My future investment plans are not in oil, everything is revolving around climate change i.e. Hydrogen, solid state batteries, wind power, hydrogen boilers
Shell and Bp have joined the Government task force on hydrogen so expecting big things there.
The main future for oil is the bacteria trials that eat oil and f..t hydrogen, big future there.
Anyway in the meantime I'm going to sit on my hands with this one and see what happens

Suriname:))

Hi LGO
That's what I was thinking Goudron like but not in connected layers more like unconnected pockets as in Tambaredjo.
If you look at the section on Offshore-mag , the direction is along a north / south line
With the north end under the sea and south end onshore. The oil offshore is in deposition layers and these layers are rising towards the coast and surface onshore so there will only be a slim chance of that oil on WNZ.
Going on to the other section through the time era's it shows the oil resource rocks under Tambaredjo way down and then migrating upwards to traps. There are lots of different resource rocks and lots of pockets of oil, one of which we know about of 24m barrels. There could be lots of these pockets and that's what Cerp are there for.
Shell wouldn't know the full extent of what's down there without the modern survey tools, so thought it was uncommercial.
Statsolie haven't drilled many wells and very few before that.
WNZ has heavy oil api 16 but it has porosity of 35-45% that's really good and a Darcy index of 1 to 3 which is also very good
Darcy 0= solid rock
Darcy 0.8=oil trap
Darcy 1= sand
Darcy 3 = fractured sandstones
Darcy 100= open gravels

Saffron is Darcy 1

I wouldn't be surprised if eventually they announce multiple oil pockets of 20-100m barrels of reserves (where have I heard that before :)) but only my opinion

There is a good write up on Suriname in offshore-mag.com a bit old 2002.
I've been spelling Tambaredjo wrong
In 2002 that field was producing 14,000bopd, that oil migrated 200km to get to that trap.
I don't believe anyone knows if that sort of oil could be at WNZ at the moment, there is definitely 24m barrels in place.
Good sections and plans on that web site, worth a look