Member Info for Bladderman

We are looking at £5M extra revenue per month (c.200bopd x7 and 1000 bopd..... low ball) and up to £10M per month at a WTI of just $75 that's £60M - £120M per year revenue and that's only ONE 1-3k bopd horizontal drill - haven't we permitted for a second???

Regarding his asset and resource - no one knows better than AM. You're insignificant Ironsnide i'm afraid especially once the drilling starts to come to fruition..

Cole Creek recompletions are jam tomorrow lol
Even at c. 200 bopd that is $500k per well per month at $75 WTI - AM wants 7 wells that is c. $3.5M per month.

One horizontal well at 1-3k bopd is $2.25M-$7.5M revenue per month at $75 WTI.

When China come out of lock down WTI will likely hit $100 - then do the maths.

Moreover, AM considered adding the $10M for the hedge buy out to the $42M credit facility making $52M. Well guess what $10M saving is a 25% reduction in borrowing at no extra cost. This very likely prove to generate £10M extra profit (at $85 WTI) PER ANNUM FOR FREE.

About time we had a bit of luck :::)))

Bring on the drilling programme...!

which is $9.2M per annum at $76 or $14M at $90: that is equal to £11.5M or a third of our £33MCap....!!

Decent

Puts it into perspective doesn't

$10M estimated hedge removal cost.

Hedge removal at current WTI ($76) will now bring in an extra $770K per month. Free money at no extra cost. If WTI hits $90 it will bring in $1.2M free extra month. Saved ourselves an estimated $10M cost.

Finance guy has delivered...!

*RNS catches him out

Sounds like Ironsnide doesn't hold stock at present. Just ignore his dirty tactics. Sold at 12.6p and looking to buy back in. Hope, probably like many, that the Fed deep permit and anticipated spud date (Jan 8th) catches you out

I'm quite happy with my holding here thank you You're the one throwing your toys out the pram. Anyway who cares about you or I. Fact is AM is progressing things on all fronts inuding ColeCreek and Fed deep drilling over the next few weeks. The latter is yet to be announced to market. The SP will follow the progress...

Your only annoyed because you can't trade it today John1970. Oh the heart bleeds lol.

the JV is very much alive :::)))

Wonder if part of the NDA is that we get to use their casing to drill the Fed deep for free

Kicking a can on the JV - despite the fact that our proposal is going through their internals while we get the drilling campaign underway lol

Ironhide - permit news for the deep Fed due. Spud anticipated in just 3 weeks. About to enter a news rich period no doubt about

Also, yestetday's permit approval to drill the Fed deep well not included in RNS with spud around Jan 8th.

A recompletion well in Cole Creek to be complete by year end...

Smoke me a kipper....
I'll be back for breakfast....

Target depth 8,961 feet depth approved, i.e. 3km total depth.

Nothing to see here...

and i quote 'no news is not bad news' ::::))))

At last the big boy drill is in the wings. Bring on the pay load....

Permit to drill the horizontal in the bag??? Does that mean we have secured the necessary casing then?? What's next .....JV announcement?? :::))))

Dear Arthur 'Santa' Millholland,

ASMlapladland@gmail.com
....
Sent with love and Xmas cheer to all

Jokes aside - 2023 should be a great year after falling from a decent profit position to being well underwater in 2022 and this is inspite of now having CPR confirmation of a billion barrels in place and full CUDA acquisition. OFC there is also the development of an approach from a 'large' oil company regarding a possible JV...!!

Looking foward into Q1 of 2023 .......
Fed deep drilling
Increased production,
Cole Creek drilling,
an RBL;
and a sought after JV

Just some of the news items that will hopefully come to fruition in that period ::::)))