Member Info for BaysilHope

Markets flow away - leaving hurt when they go.
JW told Porkies - so RH would go

You won't regret
SP' come back begging you
PI's Won't you forget
Welcome News- we once knew

Open up your eyes
Then you'll realize
CPO 5 with everlasting love
ONGC you by my side
Plus PUT 8 be my bride
Never be denied everlasting growth

Where CX1 pump flows, no one really knows
'til the dril will show as connectivity grows
Like the sun that shines, endlessly it shine
CPO 5 always will be mine. It's everlasting love

HNY I had Tranmere, Luton, Lincoln, & Fecking Bury FFS HNT Thank God Burton won after being 2 nil down

Earlier post, My last point of Put 8 too small when OXY farmed in to Mecaya- IMO Why such a small field- Ransom strip to the North. Look at PUT 30 directly north of Mecaya and other blocks - its a seal or collar to choke off point development - keep land cheap for OXY to agree add ons variations or development. Very suitable and clever - only when you look at the longer term field development - which no body is doing!!! PUT 30 as an add on to all this and we could be a $2bn company in 2-3 years. OXY know this and will protect us - GTE too small, look at the land and reserve gains and strategy we have made and no SP change. I'm buying bit by bit not for CX1 - CX! is the trigger for sanction END but for the next 3 years- this is a pension add on. HNY

Last point, ONGC Videsh persuaded HQ CPO5 was an Exploratory venture 2016 - allocated from the global budget sat $50m, three wells - storage civils and a canteen Annual budget review - Ahmed from Azerb needs $800m for a giant field, how the Feck do Videsh get $200m accelerated development PROOF, if no CX1 we have to wait for Pavo 1 - but it will happen. So OBA output is for the girls really when we are close to a monster find and we are holding back output for a third party oil deal due soon. HNY

Hi Juxt - always value your input and you are a very loyal LTH'er, IMO DYOR I think PUT 8 by location - is an In - betweener - it is too small for OXY and too close to Plat to be interfered with. Only a guess at 32MMBO - however the hidden dragon is PUT 30 which in astronomical terms is a white dwarf - small area, huge density - sweet spot massive volume but 40kn from OBA. This is a quanta above where we are, this SP development can go on - if left alone for years !!! Put 30 = 10 times PUT 8 FFS So my point is swallow Put 8 leave OXY alone then hit them after some progression elsewhere bigger. Last year I cried with the deadline failures, this year they are driven by contracted third party deals OXY, ONGC we own PUT 8 spent $20m need to drill now FFS. HNy

Good evening, thx for your post - to your point - yes we had circa $50m cash in hand, however the great deal done with PUT 8 which excites me, swallowed $20m, the knock on effect is to increase the two Put 8 drill costs and 3Dseismic by +50% now we operate at 100% - so an additional $10m just for PUT 8, weather could hit and dealy , we are building a 10.5km road and if CPO 5 kicks like a mule we need to hold the ship, CPO 5 could be a 2 rig game or even a 3 rig game shoot out so say +$20m swallowed - . JW did state in one of the Feb reviews thy would consider debt- and for growth with POO above $55 do it - say 2 years. IMO the 3rd party oil contracts are cash cows, not well dependent service debt. I think by the end of this year we could have 5 independent income streams

1. PLat
2 Put8
3 CPO 5 - multiple rigs 3-4 mth payback
4 Put 9
5. Third party Oil sales

Then Q 17p FFS dreaming. So as an accountant - I would borrow $50m say 2 years and facilitate growth. I think the market would welcome that in two ways - THERE IS NO RI needed nor planned and guaranteed accelerated growth and exit oil rate for 2019. HNy

I think PUT investment $20m, will require Amer to grab a small amount of debt, Slide 6 Feb Pres outlines $40m Capex, allow for overruns and - IMO I think we need bank finance of +$50m to a get a step change in the business, with CPO5 proved Piece of Pixx, Maybe a guess but like PMO the SP collar in our case 17p stops an RI. I think as soon as a funding deal emerges less pressure on the SP and debt servicing P.O.P, third party oil sales will cover those debt servicing costs . GL GN Last post going out.

HI CD, totally 100% agree on PUT 100% this is ours and notice target bienparado is a drilling backstop - ready for execution if GTE get funny on the Put 8 deal, no RNS from them. The BienP is 15 cms from Plat - low cost straight into OBA. IMO DYOR the significance of Calao is NOT purely related to the target structure 2-9MMBO etc , it is about project development. The ONGC stance on CPO5 has been mainly classified as 'Exploratory' one well at a time sweet Jesus and sell at the well head, low cost, low risk a bit of fun, keep the hommies in Colombia sweet. . Sol1 was next, one rig again, then Aguila ready in 3 mths etc.

Indico 1 entirely challenged the dynamics of how the block development was perceived. Instead of drilling away on a purely exploration guidance basis, the LOCAL partners agreed on a more robust industrialisation and commercialisation approach to the block development 14 drills - 14 well in theory I might add, Not sanctioned yet and this is reflected in our SP.

However at HQ group project dictum - the priority rating for this CPO 5 project would have to be escalated. IMO CX1 plays a key roll in getting that escalation through the group investment decision process. It's closer can be drilled quicker and confirm or not Connectivity. If it achieves the later, this project will get re-classified at HQ and l will open the flood gates of investment into exploiting its resources. as theory becomes reality. CX1 structure is the secondary objective it is understanding the LS3 and so on. This well could Unlock the decision to sanction !!! a multi-rig development approach. I perceive CX1 as the potential trigger mechanism to elevate CPO5 commercial success and ours. This is well is a crucial inflection point from a group decision making process at ONGC, which is fundamentally crucial as operator, its not the end, not the beginning of the end, but the end of the beginning - very apt GLA

Thx I did laugh a bit it at it quietly, slipped out! I think JW's visit to ONGC a global player was more key than stated, ONGC have limited funds and competing bids ! Global project demand for investment. So IMO DYOR JW pushed our local Videsh guys up a tad in the ratings -and this can only be proved by the drill - however hopeful we feel. I hope JW has achieved that, if so, there's no worries the SP in time will re-rate. GL GN Last Post

And the Markets missed it, so concerned knocking 'OLD AMEr ' yes for missed this and that OK agreed but then to deliver OXY, Indico 1, Reservoir then 5kbopd off the scale output - caught MM's off guard. LIKE PMO results SP held by GS from early Jan 19 kept down, MM's wrong footed, kept it down 7 weeks then when the books are re-arranged PMO flies up 25%. We are in that Heathrow holding pattern, 20p was hit after Indico now held at 17p, if this well proves connectivity we could afford to bring Elvis back from the dead FFS. HNY. I think ONGC need to be TOTALLY accurate on the flow testing and connectivity issue for the LS3 play to COMMIT TO invest +$200m in pipelines, 10 new wells, shower blocks, pubs, sauna + a new Col Space Centre, gym, when this SP flies FFS + Global mixing and blending site and rehab facilities for the locals. Mama we're all crazy now stuff. But back at the ranch, its 17p. ONGC need cast iron proof to kick this wild card off IMO DYOR - as silly enough as this sounds - this drill result is MORE important as Indico, from a project development point of view, it is CRITICAL choke point - in that it kick starts a massive table of events and investment, so for the sake of +5 days, as other ONGC projects competing for investment funds would be side lined, this is a group worldwide structure so you have to factor in Group decision timelines, which I missed earlier, that did not apply to Indico - it was a pure stand alone Exp Well. Thereore for competing funds, you and your partner would chose fail safe and not taken a flier IMO DYOR!

Group decision making - I would do the same from looking at a group HQ perspective, heads would roll on a whim - I think we've got it and then unleash the PR tiger. News soon. ONGC need to sell a $200m investment call in a company with no cash and rob funds from other worldwide projects , Sweet Pea, there's your delay. So max the drilling data. HNY Song, Projects go astray, leaving hurt when they go, I went away when you needed me so, Open up your eyes then you realise everlasting growth!! Loving it.

This is why we need third party oil income to cover overheads, maintain profitability and cash flow whilst we bed in a mega project,

Spud date circa 3rd Nov, forced press release to leaks and share buying 10th Dec = 37 days for a vertical well. Xmas & New Year next RNS 2nd Jan 19. So 60 days in total, reduce that for say 5 days Seasonal holidays, then decut 3-4 days for enhanced drilling program scheduling, as we went from SOl to a 10 well prog, so say dect 4 days for that process which is not needed with CX1 and then you have 51 days net, which is either tomorrow or definitely Monday. As working backwards with CX1 drill 35 days to LSE - add 10 days of normal testing define the play with a directional well adding 1200ft of drilling, then add the extra 5 days to confirm whether or not these targets are combination traps - so 50 days . As Combination traps are nor reflected in the SP, nor is Indico 1, nor Put 8, Nor Oxy deal, we are in a good place IMO DYOR. Quote JW RNS 2nd Jan

The scale of the reservoir thickness and oil column at Indico-1 has important implications for the prospectivity of the area within the LS3 play, as well as the degree of fill within Indico. The initial flow data also support our view of the importance of this play, not just at Indico but also in the surrounding area, extending down to Mariposa and up to the Aguila and then Sol structures.
Calao-1, targeting a structure alongside Indico to the southwest, towards the Aguila structure which is expected to spud before the end of January 2019. On a simple structural basis, McDaniel estimates prospective resources at Calao of between 2 and 9.8 MMBO.
Pavo Real-1, targeting a similar structure adjoining Indico to the northeast. Structural evaluation by McDaniel estimates prospective resources of 4 to 45 MMBO in the combined Indico-Pavo prospect area. Given the potential for combination trapping, the Company believes potential resources may be significantly higher at both Calao-1 and Pavo Real-1. Why risk the entire CPO 5 drilling campaign on a potential duster FFS. HNY If not tmz definitely Monday as Muslims Friday is their Sabbath, day off work. GLA

Notice PMO SP collar lifts as POO rises and less risk of an RI flaunted by GS. With AMer- yes a possible request for cash from the markets given PUT 8 and CPO 5 demands . BUT As soon as Amer confirm the drilling sequence of CPO 5 the better. News soon, and confirm no equity raise - which we don't need a bit of dent short term no issues. GLA News Soon. GLA GN

PUT 8 & Suroriente block carve up + adds were planned a long time ago, Amer helped GTE by holding off drilling PUT 8 to give GTE a free run at Vetra at under value . The art of War is not to conflict unnecessarily with neighbours but co-operate for mutual gain until the final outcome, the bigger the prize. GTE could have made us wait for PUT 8 operatorship for months FFS - other guys on the BB think that GTE & Amer are not co-operating with each other which is mis-guided. The $19m price for PUT 8 - was negotiated in 3 weeks ????? with 6 mths of contractual detail ffs !!!, I think there will be a trade off for Amer granting GTE 3rd party Oil sales and we drill from Sur oriente. What peeps have to realise GTE & Amer are in the same place, BOTH Vulnerable to a cheap take over and GTE's acquisitions in Ecu add to its value longer term not now . We need PUT 8 operatorship to sort out Plat oil pathway. However they could use our pipeline for 2-3 years until they have built their own, Mutual benefit. In all this Dana Coffiield IMO has been keen and the key!! , giving Amer an insight into those blocks, their logistical issues and a bid solution for PUT 8. GTE & AMer have been in various blocks bidding dance and in Ecu but have NEVER conflicted !!! so Juxt I totally disagree with you, these guys have a symbiotic union in their evolution for a potential take out from a major, not just yet but same end game. GTE could have held out on PUT 8 they didn't and delayed the process - a 3 week turnaround deal done. Can any of you guys see the picture FFS. This was pre - planned and IMO DYOR GTE OBA 3rd party Oil sales deal next. I said 6 months ago GTE Vetra and sell us PUT 8, GTE no doubt will get and Ecu pipeline in 2 years, use ours in the meantime. That gives plus $12m contribution to overheads and costs p.a all capex expended, allows the drilling campaign to grow at limited risk. HNY Last point PUT 8 RNS not on GTE website or London LSE, could Amer have put this out now early for a more important RNS. This deal is great and a win win and GTE are working with Amer news soon. FFS

LSe Gone down

The speed of this transaction surprised me, they could have held out GTE and fecked us over with delays conditions etc etc on their sale . I think this sale by GTE was conditional (hidden) upon us granting them first rights on third party oil sales via the OBA , ie their call on our spare capacity and hence why we kept OBA capacity free. It makes sense not to have a 50:50 operator like GTE so close they can exert unnecessary influence in our manor. No doubt GTE & Amer been working together unseen, we have acquired what we wanted without bidding for Vetra. IMO DYOR research 3rd party oil sale news within a month. Really bold move our biggest acquisition by cost to date. Over the F,,ing moon.

Brill news, I think we will drill from our side first use the infrastructure created by PintD1 - the plan is rolling out. We will be drilling PUT 8 soon. At last - very bold move - I like it. I understand more now why we left ECU to GTE. Very strategic move I think. GLA Got there in the end, decisive we operate it HNY

Hi Leas, Good evening, last post before I go, this is what I think is the last Col find this year, Quote + Exploration Discovery in Colombia
The Acorazado-1 exploration well was drilled to a total measured depth of 15,470 feet (15,197 feet true vertical depth) and encountered 356 feet of gross thickness in the Mirador formation sandstone reservoir. Open-hole wireline logging operations identified five separate, potentially hydrocarbon-bearing sections of the Mirador formation (Mirador I, II, III, IV and VI) with an estimated total net thickness of 82 feet. A drill-stem test ("DST") program with a tubing conveyed perforating system ("TCP") was designed to evaluate the potential hydrocarbon bearing sections in two separate tests, the first testing the Mirador VI section and the second testing the Mirador I, II, III and IV sections, commingled.
The Mirador VI reservoir, was tested from 20 feet of perforations, using a DST-TCP tool with an average 2,360 psi drawdown for 52 hours during the main flow test prior to a pressure buildup test at an average rate of 455 barrels of fluids per day at natural flow. The average oil rate was 427 bbl/d of 36.9-degree API crude with an average natural gas rate of 896 mcf/d during the test. In total there were 1,003 bbls of oil and 2.1 Mmcf of natural gas produced during the Mirador-VI main flow test period, with oil gravity varying from 35.2 to 37.6-degree API. The maximum average flow rate over a 24-hour period at a choke size of 36/64th of an inch was 606 barrels of fluid per day, with a maximum average rate of 570 barrels of oil per day and average gas rate of 1.06 Mmcf/d.

So I think with Indico we are in a good place - but fingers crossed. GN GLA

Resources, the timing of the news in this case needs a hymn sheet on drilling - infrastructure and go forward field Development. ONGC have moved a long way from a 21mth LTT on M1, Apollo 11 did not have that much testing FFS and this is onshore.

ONGC need to give Amer - the RNS go ahead to properly update the UK Mkt IMO DYOR on field development . A second drill would accelerate market perceptions, break the Sp deadlock, - Maybe why the City dissed JW - with the SP reaction, hidden stating Son we will believe you when the operator confirms your findings = More rigs, whilst Plat falls. I have now moved to the secure ward in Tir Sirhowy, where they would not film 'One flew of the cockoos nest' for security violations. If I can still tap in the vest that does up in the back - forward we go-HNY GLA GN Nurse Ratchett am. Its also so simple until peoples Operators egos get in the way. As Elvis sung. Let it be me.!!!! Or the CPO 5 song A little less conversation and more action FFS. HNY

IMO DYOR - I think Calao will be a success- magnitude unknown, but is being heavily drilled to expand the understandings of the play. That said I think Amer want to be able to announce - in the RNS the employment of a second rig within a defined timescale, which is no doubt being discussed. SO I think the importance of a second rig is key and will dispel doubt within the market - that we have a whale. The size of the find must be matched by the resource to exploit it and that's why we are stuck at 17p, and correctly so as the development landscape with 1 rig on a world class find beggars belief FFS. IMO DYOR this will swing in favour of multi rigs once the results of CX1 are out. Pavo 1 next bigger again and can complete in H2. We are at an inflection point - fingers crossed. News Day 50 Friday.

Quote you're points -' Hence PMO was it's own worst enemy in the past because it made extremely stupid assumptions about the future long-term oil price. Good luck all ...personally I'd like to see PMO get the oil out of the ground at a cost where there isn't too much risk to shareholders and that shareholders can see value being created' ??? FFS .
Catcher +66kbop EBITDA Mental FCf +$727m and growing, Zama world Class discovery and Block 30 more of the same. The reason we all feel cheated is Goldman Feck are holding PMO down probably for others to get in cheap. Debt's reducing profits increasing as well as your negativity. Or do you know more about Chevron and Apollo helping as assets swap. PMO fundamentals only continue to improve with Tolmount as well SE Asia and so on, coupled with rising POO. GLA Gn

Got it, the Algo, if you converted all the transportation needs of the Earth to horsepower and horses we would be living in 20ft Manure and a climate link Venus, with a total NON smoking ban. How things have changed in 250 years and Malthas population expansion limits, yet he never studied under developed North America FFS-Quote
In his 1798 book An Essay on the Principle of Population, Malthus observed that an increase in a nation's food production improved the well-being of the populace, but the improvement was temporary because it led to population growth, which in turn restored the original per capita production level. In other words, mankind had a propensity to utilize abundance for population growth rather than for maintaining a high standard of living, a view that has become known as the "Malthusian trap" or the "Malthusian spectre". Populations had a tendency to grow until the lower class suffered hardship, want and greater susceptibility to famine and disease, a view that is sometimes referred to as a Malthusian catastrophe. Malthus wrote in opposition to the popular view in 18th-century Europe that saw society as improving and in principle as perfectible.[4] He saw population growth as being inevitable whenever conditions improved, thereby precluding real progress towards a utopian society: "The power of population is indefinitely greater than the power in the earth to produce subsistence for man".[5] As an Anglican cleric, Malthus saw this situation as divinely imposed to teach virtuous behaviour.[6] Malthus wrote:

That the increase of population is necessarily limited by the means of subsistence,
That population does invariably increase when the means of subsistence increase, and,
That the superior power of population is repressed by moral restraint, vice and misery.[7]

Longer term these point hold, what keeps them at bay - scientific advancement, investment, contraception, functioning democracy and some well functioning religion,charitable orgs and hard working people . HNY GN. RNS Friday I think