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I found page 23 interesting, ujo cost obligations £2.13m for 16.3% of the license. Who got the best deal? I believe #RBD.... Can’t knock David Brammel, good old school deal maker but yet again S&S have proven these boys can do business! http://unionjackoil.com/wp-content/uploads/2012/11/SP_Angel_UJO_201810.pdf

https://youtu.be/ESbQJnS7M7E

Shell got this one wrong too, the Stella field. Notice it was up for sale with curlew A. The relinquish report also consider it as a possible analogue to the curlew A. The findings at Stella suggest a revisit to curlew A now new info has come to light. http://www.ithacaenergy.com/operations/greater-stella-area

That explains the 9m!

Well there's been some huge trades today yet the sp has finished flat. Yes hermi, hindsight is a wonderful thing but I'm here until both Ubima and Gbetiokun Eps's go into production, I'll reassess then. Both offer significant production potential, low risk geology, diversified export routes and reserve upgrades. It will turn soon...

Broker target 170p

Hi hermi https://www.elandoilandgas.com/media/1266/ubima-appraisal-jul18.pdf The Ubima presentation suggested prior to Ubima starting the there was uncertainty in the D1000 & F7000 reservoirs. F7000 tested at 2500 bpd that’s is a fantastic result, excellent reserves upgrade! D1000 didn’t test very well so they intend to re-evaluate this reservoir for further appraisal drilling. Like you say, possibly drill in a different area but their now looking at these options. Also D1000 seems to low api oil, not the best. However, the Ubima 1 well has now been dual completed in the E1000 & E2000 reservoirs. They are much more confident in these 2 reservoirs, they always intended to put this well into production from these. The dual completion wells have been exceptional on the opuama field, I’m pretty confident here and I think ELA are too. GL.

Record production gross 30k bpd with opuama 11. Ubima 1 dual completed as a producer from 2 reservoirs, F7000 can be used later. EPS soon. Post opuama 11, rig moving to Gbetiokun to work over Gbetiokun 1 and then drill Gbetiokun 3. Gbetiokun field has 20 potential oil bearing stacked reservoirs!!! Expected production of the 2 wells is 15,000bpd limited by EPS. MM’s have been having a field day with this, I’m expecting a bounce. Another great rns...

I would like a little more clarification on Tapi aike drill costs too, can anyone elaborate? What’s the dry hole drill cost? cost of completion? Flow test costs ? Stimulation costs? Probably a good question for Fiona but it’s one that needs answering!

Thanks riddlers. I’m sure the video will be useful but sometimes the chats afterwards can be just as much.

Riddlers, did you attend last night? Any points you can make?

Any update on tonight’s event?

Appreciate the feedback, hopefully help boost morale on here. Indeed Fraccion c & d are here to fund exploration at Tapi aike, but on success of ems 1001 there will be plenty of value in fraccion c too. Clearly the Bod still think this also, evident by the ongoing 3 d siesmic surveys and current work overs. I’m hoping for 50 / 60 bpd from each workover and I can recall the bod suggesting these break even at 18bpd. Ems 1001 has intersected too reservoirs, the less risky Springhill offers significant upside alone and can be tied into local production facilities in the near term. Both formations are producing oil in license so I remain hopeful here, all is not lost by any means. Bolivia is exciting imo, potentially huge flow rates. If the neighbouring drills prove successful echo could be on the cards for a significant farm in with a major to help fund the drill, adding significant value to the SP. It’s interesting they’ve been looking at additional acreage, I believe Ecuador has offered a licensing round recently. I’m looking forward to the next rns, hopefully ems 1001 is about to start moving forward. On success of these workovers I’m hoping they may suggest further potential here, how many more can they add esp’s too? Current oil price makes these low risk work overs compelling... gla

No, just my opinion and interpretation. Could be totally wrong! GL.

Once the inflow test has proven successful Well integrity I expect they’ll start preparation to test the 120m pay zone of the Tobifera. Depending on the results of this they may then choose to fracture stimulate areas within the 500m column. If the Tobifera tests subcomercial they will then test the Springhill reservoir. I imagine the testing process could potentially take some time but on success offers some significant upside, and in addition, derisks a further potential 5 prospects on trend. One having both the Tobifera and Springhill targets. Both the Tobifera and the Springhill formations are producing oil in the licence area already and success in ems x 1001 offers near term production via the local process facility. Does anyone know if the oil prospect in Tapi Aike is already covered in 3D siesmic or is this part of the ongoing programme?

I've seen this also and i think this is the reason for the recent share price reaction. Hopefully nothing significant, local resistance in Nigeria should be expected. The Delta has been exposed to heavy rain so i don't think that will help dredging operations either. Hopefully another the next update will give us further detail

I must admit i thought it was a poor effort....

Total market solutions seem to write the best articles.

Hello Share Switchers. Amerisur Resources (AMER) is one of those companies in my bag that have done so badly over years, that the shares are not always worth keeping an eye on. However, there was hope this week for some sort of recovery. Amerisur is a producer of the ebony nectar in South America. It has assets in Paraguay and Colombia. This week’s news is that oil found in one of its Pintadillo fields in Colombia is more valuable than was forecast. Now the company is getting down to some serious mapping to try to produce as much oil from the site as possible. As the oil price continues to soar, this means the share price could rise even higher than it has already done this week. Amerisur’s board reckons that the cost of the well in question could be repaid in less than a year. It also has another valuable asset: the entire ownership of an important oil pipeline in Ecuador. The company has a strong cash position of $49 million with no debt. Its operations produce cash flow. Its reserves are increasing and so is production. The p/e I have is 16, which is encouraging. I’ve heard the big cheese, John Wardle, talk about Amerisur’s prospects and his knowledge and confidence impressed me. He also lives in Colombia to keep a close eye on things. Nearly all independent oilers have been a disappointment to me, mostly caused by the crash in the oil price of recent years. But that problem seems to be behind us now. And Amerisur seems to me to be among the better of the indys, set to take advantage of the healthy oil price. Another thing I like about Amerisur is that it’s one of those companies which takes the welfare of its miners in far-flung places very seriously. And now lets all repair to the Punter’s Return.

Ela need some positive progress on Gbetiokun, then I think we’ll see Positive momentum to the SP.

Relax egg, cement repairs are common. I’m very confident with the team and the experience in region.