Member Info for BaysilHope

One rig in CPO 5 will have a limited impact in the City IMO, if we have something this strong we need to Man up and grow a pair. 2 rigs in CPO5 is what JW confirmed in his interview, Iguess you haven't listened to his Core Finance Interview, for the avoidance of doubt 5:30 minutes in, given a 2.5 mth well turnaround 1 Rig would struggle to hit a further 5 weather permitting, IMO they should contract 3 and clear the 14 drill platform and the failed legacy of 2018, lack of Exploration. News will out. GL

Sorry to confuse, Gant chart shows only 6 x CPO 5 drills could happen 2019 , conservative with 1 rig. and TBC's for Indico Appraisal 1+2 so slow really. BUT Slide 18 is the GIVE AWAY IMO ' THE INDICO COMPLEX Showing x 10 Indico Sol Aguila related targets plus 4 for the QUAD PLAY N1 - 4 X follow on from Llanos North between Indico and Llanos 34, so 14 targets, forgetting any OXY or our drills. I'm only talking about CPO 5. " drills would blow the party, if we hit CPO 5 drills that hard we could sell this in 15 months for upward $400-600m easy IMO DYOR. GLA

I wondered why they would hold back info or RNS on a second rig, however the earlier than planned, City of London walkabout says it all with the CPPO 5 beauty parade. 5:30minutes into his Core Finance JW mentions, discussions with government, ONGC, for a multi rig drill. A second rig would facilitate a huge operational advance where +14wells could be completed giving a minimum of +2- 3kbopd every 2 months!! and smash reserves. They are in position to demand planning concessions from the ANH and fast track development. IMO the SP reflects the 1 rig at a time modest roll out which is great but not for the impatient II's. SO JW can complete is fashion parade then announce a second rig before Calao X hits TD. Last year we were set up for a fall with RH dumping+40m, and no doubt many II's earned greatly from short positions. Now its the reverse, they need to get in cheap and as CD's excellent II' selling analysis, these guys will get a second chance. Exactly the same as PMO, SP hit 80p pulled back by deception, as II's missed the opps report debt reduction and Zama. Patience will win here and top up at value levels. A second rig will blow the trading forecast for output, profit, reserves and cash flow. CPO 5 is an El Dorado, the presentation, is initially toned down slide 6 showing 10 drills , with TBC's, they can't hit that with 1 rig, Slide 18 however shows 14 targets (Excluding the South East +5) which can be hit with 2 rigs. At $2.6m a throw and say Mariposa levels 3kbopd that's a mental exponential amount of growth. If its in part connected, HNY - I think you Black Rocks etc don't have a massive amount of time, nor do we. Enjoy. For when they announce a second rig Good Night Irene. Not that the speed ONGC hit the second spud means they are NOW FOCUSED on the prize, further operational improvements will no doubt follow. GLA GN

In that time Debt could be down -$500m at least and other Wintershall - - DEA eyes listing in H2 2020 - Handelsblatt FRANKFURT, Oct 2 (Reuters) - A planned tie-up of BASF’s Wintershall and LetterOne’s DEA could be listed in the second half of 2020, its designated chief executive told a German newspaper in an interview published on Tuesday.
Last week, BASF and LetterOne signed a merger agreement to combine their respective oil and gas businesses into a merged entity, to be named Wintershall DEA, which will be headquartered in Kassel and Hamburg.
Asked when the merged entity — in which BASF will initially hold 67 percent while LetterOne will own the rest — will go public, Mario Mehren told Handelsblatt: “If everything goes according to plan in the second half of 2020. That is very ambitious. Closing of the transaction is planned for the first half of 2019
E & P brought forward, so only great news ahead. They could take us out when Zama is close so maybe +£2/share.

After they consolidate DEA & Wintershall, PMO are next , cost affective takeover North Sea Oil and massive in Mexico, they can swallow the Debt I'd say £1.45 = $1.5bn GLA and really easy Lord Brown DEA BOD and Roy Franklin best buddies, they have the strongest business plan and massive cash resources. HNY GLA They can add +100kboepd simples and we are not valued. We share Mexico blocks - easy.

Our Mexico strategic position has been deliberately high jacked by the deceptacons, Blocks 2,7,30 are the best in shallow water , we have first mover advantage with top partners and private equity firms sharking around. All this forgotten by the GS Enemy of the state press release. Mexico's potential - whole is 10 times anything we might get from Chevron, a complete value distraction and inaccurate. Concentrate on Mexico and when have +$1bn value and growing by the day to start with. GLA PMO got in really early and cheap, all credit to the BOD. These assets are going one way and that's up.

PMO are in a great position, output flying nearly 100kboepd, and a huge Mexico portfolio which the market has simply not valued, Zama is a large piece of a much bigger play. Quote, Our Mexico position could just keep giving, Award of three blocks in Mexico Mar 2018 PMO pleased to announce that it has been awarded Block 30 in the Sureste Basin and Blocks 11 and 13 in the Burgos Basin, Blocks 30, Sureste Basin (Premier 30 per cent)
Premier, together with its joint venture partners DEA (operator, 40 per cent) and Sapura Energy (30 per cent), has been awarded Block 30 in the shallow water Sureste basin, a proven and prolific hydrocarbon province in the Gulf of Mexico. Block 30 is located directly to the south west of Premier’s world-class Zama discovery and to the north of the Amoca oil field.
Premier has identified numerous material leads and prospects on Block 30 in the Tertiary clastic plays, typical of the Sureste Basin. Several of the prospects identified exhibit DHIs (direct hydrocarbon indicators) on existing 3D seismic, significantly de-risking the potential of this block. These anomalies are similar to those seen at the Zama and Amoca oil fields.
The forward plan on Block 30 is to acquire further 3D seismic in 2019 ahead of firming up drilling locations for 2020.
Blocks 11 and 13, Burgos Basin (Premier 100 per cent)
Premier has been awarded 100 per cent operated interests in Blocks 11 and 13 in the Burgos Basin where Premier has leveraged its growing understanding of the Mexican shelf to gain early access to this highly prospective basin directly inboard of the prolific deep water Perdido fold belt.
Premier has mapped several structural closures on existing 3D seismic in analogous plays to those proven in the onshore Burgos basin and offshore the US Gulf of Mexico. The exploration targets are Pliocene to Miocene in age and extensive regional mapping and basin maturity modelling suggests access to oil charge.
The initial work programme includes reprocessing existing 3D seismic which will enable Premier to better define the trapping geometries in the extensional play setting and to de-risk a potentially material oil play.
TD - ‘The outcome of this highly competitive licensing round is a fantastic success for Premier and its partners. We are delighted to have been awarded Block 30, the most contested block in the Round. This award increases our footprint in the prolific, shallow water part of the Sureste Basin. The award of Blocks 11 and 13 provides us with a low cost entry into the Burgos basin, where we will look to repeat the first mover advantage we enjoyed in the Sureste Basin with the Zama discovery. The awards significantly enhance our existing acreage position in Mexico and have the potential to deliver significant organic growth for our business in the longer term.’ Huge potential, even after tax FFS

Look Cd I've saying this for months - now shut your gob, you are behind the curve, As I argued with Juxt , we have not finished acquisitions - but are in the midst, so you are ignoring all my post Twat . So with respect to Matt Monroe - Come with us, run with us
We’re gonna change the world
You’ll be amazed, so full of praise
When we’ve rearranged your world
We’re gonna change your world Shuffling through the cold black morning
Went the marchers, spirits low
Grunting greetings, grimly pressing
Onto where they had to go
When the sun came up, they brightened
Stopped to have their Thermos brew
Annie Harris got up gladly
Pondered for a little, sadly
Then got on with what she had to do.
Come with us, run with us
We’re gonna change the world- at 16p FFS

Thanks Juxt - respect your views, great debate, I take your points on board, thanks for your time and clarity, you have made many great points, which I have taken on board. Bottom line. there's more to come. Always appreciate your input and yes the job is not finished, we both share the same enthuse. GLA My man Cheers its healthy to have differing views in a mature manner and we all learn. TA

Why smash capex and play into the US Shale game, as long as the land/Oil bank is in place restrict supply, max high value returns, do going chasing the market, let them chase you!! Takes guts and balls but when Shell's FCF is +$50bn they can repurchase shares, reduce debt and Feck about Capex, they also said World Oil demand OK HNY GLA I've added Enq today as I think this is overdone, I know there are real issues to boot but I think the BP deal is a game changer and takes a little pressure off Kraken, I am reserved but I think the BOD will come through in good time. GLA POO is way over sold and US Shale is stubborn, so as Shell does - Don't Invest That will feck the traders up.

GBA totally agree transformational find - leg up for the operational crew. If this was the Permian with OPEX costs $45 barrel due to Oil earthquakes , no pipeline , Zama Mexico economic s look bril but we don't have Bloomberg pushing us Up World class discovery there are from the US - Indebted Yes? use them an POO Oilhedge. If this was the Permian Fecking Apollo 11 but instead we get GS news decepatcons RI Chevron Still quality wins and Zama is a brill asset but not reflected properly in our gambit. GLA Sad at the shitte PMO knocked down too much - our day little debt soon, esp if we sell Zama tpo Pemex with goodies.

Makes sense - after Pemex drill their side of Zama and the 2bn field ends up 40% in Pemex and 60% Talos PMO etc - then Pemex take us out to secure 10% of Mexico total energy supply and part of the deal we get concessions on all our other blocks tax wise and a cash kicker on production. HNY Like it PMO have plus 6 more block 7 - block 2 and Block 30 Must be a deal here surely Shirley.

GLA Fingers crossed pipeline!!!

OBA is to far away from Tachacho to be viable, OBA is close to GTE and theoir expansion plans put OBA 50k capacity there. If you need 100kbopd pipeline from Col yo Ecu Tachacho needs PUT 14 East maybe further - most economical is buy Ecu producing fields and expand existing capacity and then link in to Col second pipeline - 2 birds one stone, rather than a conceptual new pipeline that does not link. This is so huge a project its needs a great deal of time and no doubt JW is discussing the options which have huge ramifications. Sound nuts when we don't use the OBA for less that 3kbopd - must understand that when a company is accelerating its growth profile to this extent you excuse the lack of formality on smaller items, when it can be 10 fold . OMY DYOR anyway - great share to be involved with. And given lead times the second pipeline needs to start within 3-4 months IMO after a deal of any sorts. ECu evacuation of Oil is key OXY would not have gotten involved unless we could secure a pipeline route to Ecuador.

I think you missed my point, OXy deal allows us to get blocks OR INFRA STRUCTURE in Ecu to help evacuate their OIL. How are we going to get 1BNBOE down the OBA, by boat FFS when we are not PRESENT in ECu - given the logistics we need a closer direct pipeline for the OXY blocks thru PUT 14 into Cuayabeno which we know Feck all about . So sorry to be blunt - without blocks in Ecu we can't control the supply exit route, if we can't do that with the 5k OBA Who the Feck is going to contract with us when its +4k on a bad day and +10k when the guys on hols. So I totally disagree with you, OXy have said IMO - we like the plots in COl BUT how do we move it FFS and get blocks output to Ecu - its either blocks or a $80m deal on a pipeline, that's where I'm coming from. HNY ta Your delaing in March 16 a lot has happened since and our economics for one. So that's the point OXY = pipeline access + OBA don't suit We need Ecu deal of any sort. END

That's the killer for GTE, its post acquisition structure, which is in transformation of change with more tax improvements but net 26kboiped - Christ Amer can have that gross in CPO 5 with 6 drills FFS and spend less that $80m gross, that's the league differential we are talking about here. And is +38API - Joke but keep it going I need more at sub 17p Short it you feckers please.

looking at the advantages GTE had in 2015-16 with 2 m acres, their output is still poor and oil evac is expensive - its far from a perfect financial model, IMO too Shale like in the disregard to value, but totally volume driven. Hopefully that will change, but look at the drilling capex p.a. and debt hardly moves. Needs to rationalise costs far more, it has the acreage to shine no doubt. I'd like GTE an Amer to JV joint blocks in time. HNY

Point I didn't finish, GTE paid over $500m (Petro America - Petro Nova Suroco) for their reserves in numerous acquisitions and +$300m in subsequent drilling we paid less that $20m net of tax for our +1m acres and could realise to boot could sell CPO 5 within 12 months for say $200m, YOU TELL ME SMART - whilst the other is slave to labour, output , reserves and debt . We have the freedom of economic movement and true commercial independence - which is key and dynamic. HNY FFS We are so undervalued FFS - It will happen. GLA Hang on, the show is not yet on the road.

The NOV 18 OXY deal, at high POO was for one primary reason IMO DYOR the TIMING will allow AMEr to make $100m of acquisition commitments in the next 3 months , the lead times for PUT 9/12 & the 2 T's are +12-18mths ahead, OXY need a dedicated pipeline - preferred - second pipeline and the bid contests in Ecu have started with Jan 19 evaluations So with THE OXY deal, UNLIKE EVER Before - aMER CAN HIT HARD IN A FOREIGN BIDDING ROUND WITH TRUE CHARACTER as we have undertaken investment commitments in the RODA system in Ecu and will have no doubt audited the area very well for future deals, I would expect all emphasis on deals next 3-4 months with civils on-going then output getting attention Q2. We are at a transformational position for further acquisition based expansion Q1-2 2019. GLA GN

Look guys, GTE lead the march on Amer between 2015-16 it made massive acquisitions swallowing large Colombia companies Petro America and others +$500m acq'ns gained massive blocks with capex commitments and swallowed +$400m Debt. They are now in a Consolidation phase that has to convert that capex into output and reserves so its a self congrats RNS well done but expected and that is what they will continue doing. Meanwhile a far smaller Independent Amer is Now just completing Acquisition phase and is about 3 years behind the GTE business cycle. We are not done yet and AMer has IMO DYOR far more lucrative and imaginative higher value business oppos' we are truly Bilateral with growing interests in Ecu and Col, with OXY backing we can create infrastructure and attract GTE as a paying customer and potential JV partner in Block 8. So expect GTE to push reserves, they've played the Acq'n card, we haven't finished ours yet and plus we could be on the brink of a huge disposal end of 2019 - they don't have that option. So I would like 2-3 more deals then hit the drill hard. We will have one hell of a play fairway when we are truly both sides of the river, something GTE can't undertake for a few years. . HNY GLA I'm happier debt free and production free forever paying the masters in GTe'S CASE. MAer have not finished yet there is more excitement to come and will not be factored in for a while. Me I'll buy and add when I can, I did drop a few at 19.7p ish as we were always going to retrace after 100% but POO should start to recover next few weeks. There is so much more ahead here than a simple drill, IMO we've left the bank full to finalise more at low $POO - the bOD will yell us when output returns to top of he table. This is a multi bagger for the patient. JW has a press conference with the Walrus 16th Feb I believe - the show will come to town- soon. HNY