We have been receiving this money since way back last year you are correct. This has been used to offset CUDA expense and used up until we secured CUDA on March 1st. From this date it is now pure revenue in our pockets and not being used to secure CUDA or for their debt to us and flooding etc if that makes sense lol.
Can see plenty of loading happenong now in anticipation of sign off and the huge reaource report - let's get some meat on bones
RE: CLON comparison to other drillers26 May 2022 22:27
''One of the key geophysical advantages, and reasons for recognising Sasanof as a significant play, is over 20 wells in and surrounding the Equus blocks have been used to calibrate the Glencoe 3D geophysical response. The data is now considered of excellent quality.'
The Sasanof Prospect covers circa 400 km2 and is on trend, and up-dip of the liquids rich, low CO2 Mentorc Field.
ERC Equipoise Ltd ("ERCE") estimates the Sasanof Prospect to contain a 2U Prospective Resource of 7.2 Tcf gas and 176 Million barrels (bbls) condensate (P50), with a high case 3U Prospective Resource estimate of 17.8 Tcf gas and 449 Million bbls condensate (P10). The Sasanof undiscovered resources figures in this announcement are based on an Independent Assessment of Hydrocarbon Volumes for the Sasanof Prospect, Western Australia completed by ERCE in August 2021.
Sasanof is a large, seismic amplitude supported, structural-stratigraphic trap in the high-quality reservoir sands at the top of the Cretaceous Lower Barrow Group formation on the Barrow Delta within the Exmouth Plateau.
The overall "Equus Gas Project" area has a historic exploration drilling success rate of 88%, with 15 discoveries from 17 wells.
Western Gas (519P) Pty Ltd" is the holding company for the Sasanof prospect, with the following working interests:
Big news welcome most days lol. Someone requested this earlier ... Clontarf Energy Plc (AIM: CLON) - 10% · Western Gas (Operator) - 52.5% · Global Oil and Gas (ASX:GLV) - 25% · Prominence Energy (ASX:PRM) - 12.5%
I'd like news tomorrow but if Monday then so be it...jedi