Member Info for bigspike

Bombers a secret investor!

Good read Stuart thanks. I haven’t found s bad article on this company yet. ELA is always a buy! Expecting a good week, anticipation of opuama 9 results is building. Come on maxwell, give us a hint post opuama 10! What you going to spend all this cash flow on and when?

Zebbo, I think gil mentioned mid year.

Completion and Production from Opuama-9 is expected within Q1. Hello �1 party!

Gas sales contract. Excellent progress made since ipo....

Tulainyo to start flow test operations over varying reservoir quality sands. Sound familiar! It will be interesting to see how this goes....

https://mobile.apanews.net/index.php/en/news/buhari-pledges-support-for-nigeria-international-petroleum-summit

If 30kbpd gross can be achieved by 2018 h2 then production will be a little ahead of the original capital markets day schedule. Up to this point, Opuama field will be the only producing field, hopefully Gbetiokun-1 will be next, forecast to produce 9400bpd. I think ELA have a fantastic portfolio of assets and what I like is that 80k gross can bE achieved through infill drilling!

Another mega Opuama well exporting to sales. George Maxwells says “OML 40 license is becoming one of the largest producing assets of any E&P company on AIM." It’s ironic that ela could also be the most undervalued oil and gas company on AIM! Still on track for 30k gross 2018 H1 and business as usual.

Yeah that’s a reasonable cos for the exploration wells. Jog hit the jackpot last year on 29%. All exploration wells close to existing infrastructure.

Oil has been found in the walvis basin but up to now sub commercial. The area has been proven to contain everything needed to support a hydrocarbon accumulation so there is lots of potential hence the interest from many oil majors. Wingat-1 exploration well results Galp Energia announces that the Wingat-1 exploration well in the Petroleum Exploration Licence (PEL) 23 in the Walvis basin, offshore Namibia, has been concluded and the results from the well indicated the presence of oil, although not in commercial volumes. The Wingat-1 well, spudded in March 25, was drilled in water depths of circa 1,005 meters and has reached a final depth of 5,000 meters. The well is currently being plugged and abandoned. The Wingat well was initially planned to be drilled to a total depth (TD) of 4,127 meters, but because of the potential to drill deeper to test the presence of turbidite reservoirs and the opportunity to penetrate and to sample the main source rock, the consortium decided to go deeper, to a final TD of 5,000 meters. This decision was also supported by the increasing concentrations of hydrocarbon shows present in the well below of the depth of 1,500 meters. The information obtained, coupled with the results of preliminary studies of all data collected from the well, allowed the consortium to identify two well-developed source rocks, which are rich in organic carbon and both are within the oil-generating window. Also, the well encountered several thin-bedded-sandy reservoirs that are saturated by oil. Four samples of this oil were collected and the analysis of these samples indicated the presence of light oil, 38º to 42º API, with minimal contamination. No water bearing zones were identified in the drilled section. The fact that the source rock is in the oil window and generating liquid hydrocarbons of excellent quality confirms the source potential of the basin. As such, the results of Wingat-1 well provide important information that will help calibrating the next exploration steps in the Walvis basin. These source rocks present in the well can charge reservoir intervals of other prospects identified in license and migrate further a field.

Yes daysleeper, always good to have a recap. Oil company's strive for a quality asset and with no doubt, ELA have this! A combination of Opuama, Gbetiokun phase 1 & Ubima FFD is forecast to peak gross production of 85,000 bopd (Gross) and all this is by infill drilling only! Low risk! This will all be covered by cash flow and debt facility.

Malcy might be adding eco to the bucket list for a bit if spice! 8mins 20secs https://youtu.be/abFYVdDLcLc

Thanks itsyou, that’s it, I was just about to paste the text, cheers.

https://www.**********.co.uk/activity/88438/

A few people asked him if he would write up the discussion in the meeting but he didn’t reply. I wonder if he’s waiting for the rns first? Could it be tomorrow?

http://www.vectorvest.co.uk/oil-shares-enjoying-their-moment-in-the-sun/

Yes muppeta, they are looking at additional leads on the east side of the block, closer to Exxon’s discoveries.

I agree Phoebus, Total are looking to build a presence in Guyana. They must have liked what they saw on the 3D for the other blocks and will now be as keen as mustard for the orinduik block. Very promising indeed.

New presentation on the website, check it out, it’s all good. 3D evaluation ongoing to mature leads east of orinduik block. Cashed up and carried, backed and surrounded by majors!