Member Info for BigBear2

With wti over 95 we should be flying
Someone raised a. Slid point how much it cost to buy the hedge?

Funding announcement coming v soon…as per licence extension RNS

All possible we just need to know how will they fund an appraisal well

Option 1 debt -not feasible imho
Option 2 -equity wipeout massive share issue would need min 50 mill to go it alone
Option 3 farmin

Option 3 is most palatable but these dinos need to realise beggars can’t be choosers if they prove up Darwin there are multiple lookalikes to drill. So even if they only maintain 25 percent for a free carry it’s worth it IMHO

My thoughts exactly when I saw the 88e RNS. They are trying to ensure if it dusts then they don’t do an ADV …

Indeed so savvy investors would be wise to buy in now before the herd is back BWTFDIK!

Where else on the market can you get onshore production in super safe US PLUS a ONSHORE discovery of over a billion barrels priced at NIL….?

A few today, best time for a top up here is when everyone is moaning and people chasing rainbows elsewhere.
Oil has gone nowhere , Art paid a 10% premium to this on the open market for a hefty amount of shares.
That’s good enough for me,
Be nice to get a production update though just for reassurance we are heading in the right direction

Still here….

All aim companies do placing any done here will be later at a higher price
We are funded near term and once farm in done we will have our costs for drilling sorted

The economics are off the scale for Cameroon at 90 Brent

Can’t see anything less than 0.5 open on Cameroon news

Have to,say totally agree.
Cameroon is great as it’s a tidy resource for a small cap like ourself that has already been drilled by a major but was not big enough for them to bother with. At 90+ Brent it really is a cash cow waiting to be milked.
We then have billion barrel plus targets in both Namibia and SA that surely are just a matter of time till farm in gets done.
Very nice triple header available for chump change…

Nice buying at full ask into the close
This will move big time on news of TOTAL strike and more importantly farm out.

1.5 billion barrels inbound

Totally agree majors will want to lock down Namibia asap,
A few million to farm in to pony up for 3D seismic will just be lunch money

BEFORE

So I assume the unsolicited approach from a MAJOR. BEGORE the discovery means they will be less interested?
You are also not considering our acreage in SA that could be argued is the most likely farm in in very near future..

Join up the dots they seem to be clearing the decks for expenditure on another huge deep water discovery that has better economics….

Wonder if they withdrew from this deep water project on 10th Feb as they know they have a massive strike in Namibia….

Paris, February 10, 2022 – TotalEnergies, through its affiliate TotalEnergies E&P USA, Inc., announces its decision not to sanction and so to withdraw from the North Platte deepwater project in the US Gulf of Mexico.

The decision not to continue with the project was taken as the Company has better opportunities of allocation of its capital within its global portfolio.

TotalEnergies who held a 60% operated interest in North Platte, alongside its joint-interest owner Equinor (40%) has duly notified its partner and the relevant authorities of its immediate withdrawal from the project, and of its resignation as operator which will be effective following a short transition period to ensure an orderly hand-over of operatorship.

Must say though lesson to Art, let’s have the SP pumped to the max please before the next raise.
Production above 4k plus CPR and I cannot see why we can snot be sitting at around 70p….which by the way is STILL dirt cheap …

Bids in for CUDA now so no reason why we cannot have a nice production update…