Member Info for bigspike

There’s so much positive news flow expected over the next 6 months it has to turn soon.

Strange share price reaction when fundamentals remain strong, Anyone got a chart? Must be a good bounce coming soon..... I’m going nowhere!

thanks itsyou, that article is a good read. On success of the cormorant prospect, Eco's prospect "Ospray" will be significantly derisked. Previous wells drilled in Namibia have identified good quality reservoirs and source rock, but so far not the combination of both in one well! The number of major oil companies in the area is encouraging, clearly they like what they see. The Cormorant target is considered to be analogous to the Jubilee (Ghana)
and Ceiba (Equatorial Guinea) fields.

Here’s the real reason the sugarloaf deal was sold https://www.google.co.uk/amp/www.proactiveinvestors.co.uk/companies/amp/news/121445 TK then took the very prospective license offshore China while the market was low, but that doesn’t suit your agenda ....

I’ve got no doubts $2.5m for 25% of Danube is a good deal but rbd are testing a new model and investment companies like rbd are rare... The project looks compelling so I’m hopeful.....

My question is, what is the likely hood of finding a new investor on these terms? Clearly Danube like this style of investment and another investor under these terms would suit rbd too. Also, if no investor can be sourced, what’s the likely hood of rbd taking another 25%. I like the project and the upside potential!

Possible contender for offshore China JV partner already very active in the area with great relationships with Cnooc, looking for further exploration opportunities offshore China. It’s also an Australian company... http://www.rocoil.com.au/Media-Centre/News-Release/2018/180703_WZ10-3W-Award_(FINAL).pdf

So much potential 2H. I noticed Amer recently had a water cut issue too, early indications indicate they’ve resolved it through a cement repair. Opuama 7 has an additional reservoir as back up, so I’m confident they can resolve this issue. In the meantime, Opuama 10 drill logs have shown excellent indications and the BOD have shown confidence and indicated this will meet expectations. Ubima field a lot of upside to to convert resource into reserve, while a EPS will generate further production through a diversified export route. Gbetiokun first work over could generate a further 8-10k bpd also with an EPS. Gbetiokun 2 interesected a potential 20 reservoirs! Now that is some well by the way. In my view, Eland could have the best asset on Aim! Gla....

A double uk, I agree with you on the wytch farm colter prospect. On success on colter, perenco will most likely buy the asset but develop it through existing wells, a sidetrack as you called it. Surely this would be the most cost effective way. witch farm has been in decline for some time and there’s a good chance there are wells nearby the colter prospect that have been shut in but could be reworked. On success of colter Perenco will be rubbing there hands together.

But will there be a deal first? I thinking they will elect to drill another well in mako before they sell. China ideally needs a partner to assist with funding exploration. Old USA licences could be divested? The lack interviews from this company is frustrating. No doubt we’ll get a new presentation from the AGM in september...

Generally takes longer than my expectations, Opuama 9 took ages. Totally relaxed though. I’m keen to know where the swamp rig is going post Opuama 10. Come on Gbetiokun!

How’s it similar morroco? Yes Tobifera, but the Tobifera is known to vary in reservoir quality? Many wells in this basin are hydraulically stimulated, it makes sense to test each well, see if any flow naturally. If not, bring in the hydraulically stimulation equipment and hit each well back to back, this is the most cost effective way.

Pijoe, definitely not commitment wells. I remember seeing this on the brrmedia ceo interviews. You’ll find them on the brrmedia website.

According to the cpr, 2 wells in fraccion D have flowed 3mmscfd from the Tobifera, not sure if this was natural flow or stimulated?

The Tobifera is a unconventional reservoir so tight gas and oil pricing would be a good question for Fiona. http://www.kallanishenergy.com/2018/02/06/a-look-into-argentinas-evolving-oil-and-gas-industry/

I think their planning the fracking equipment and will stimulate the wells that need it back to back

Good post grewber, totally agree....

Hydraulic stimulation has been widely used successfully across the basin on the Tobifera and the Springhill formations by local operators such as Roch & GeoPark.

Sacgasco presentation suggests completion costs range between $1m -8m gross. I think this will be in relation for a side track plus completion. Hopefully not needed.... perhaps Rathole can get confirmation from the Alveras family local hill billy?

You come out with some crackers Rathole. Lol....