Member Info for Bomber64

Lordlash, now you're talking, a Victoria sponge and yes I've been hoping for all of the above, but alas still getting up at 2am on a Monday for a 3 hour drive and week away from the family. It wasn't in my dreams, but something I'd prepared for.

I've settled myself down, I hope for the best and I'm willing to wait for as long as it takes...

WHamBoy, it doesn't matter what we think, they're nothing more than ideas. Let's just leave the company to get on with what we hope they're doing and eventually we might get some blackcurrant jam on toast.

Best they do it well than do it quickly, just to appease our anxieties imo...

Freeatlast, we could discuss projected carrot crops for 2019?

All the best mate!

I'm quietly confident, I'm also drunk cos it's my birthday weekend :-)

Whatever you're doing or drinking, enjoy because you'll be dead soon...

All the best everybody.

Bomber

Or Wham one up our jacksy! :-)

Crab, I think he said he had a double shift at MacD’s

Jekyll, I'm assuming that's 8.4p pre consolidation...

for my behaviour on the board last night, it was the wine..

When reporting a poster I now get the opportunity to document exactly why I’m reporting the poster.

Yes I know PJohn, deliberately riles shareholders for a response to his bs in order to get the decent posts of the day hidden.

Madness and he’s a piece of scum.

Filtered you schmuck

Oh and having done re-calculations, they're slightly out but not enough to make me look a complete div :-)

Thanks MP, I'm flattered, under the influence of vino and after as long as I can remember and probably longer than you've been invested here, I'll do my best to avoid confrontations and stick to posting stuff that is of interest :-)

Baby Lash, when did that happen?

Congratulations to you and yours mate!

All the best

Prodigy, based on past conversations with you, you're always flipping moist :-)))

You're not challenging mine or other wine laden posts, where are you mate?

I truly hope all is well with you and family mate.

All the best.

Bomber

Just verifying my maths :)

How much is a 1 trillion cubic feet of natural gas worth? It depends on a number of factors, including quality, location, contract delivery terms, etc. In the U.S., the value at the wellhead is about $3.00 per million BTU, which for 1,000 BTU gas is the same as $3.00 per thousand cubic feet.24 Nov 2018

We believe that the answer is one thousand times one billion equals one trillion. Please help us with the answer to this question. In the American system one billion is 1,000,000,000 and a trillion is 1,000,000,000,000 so one trillion is one thousand times one billion.

So I think I'm right in stating $3 Billion per 1 TCF Natural Gas.

If I'm a fool please correct me :)

A large oil and gas discovery in Bahrain in 2018.

Wow what an income!!!

The volume of natural gas discovered – as quoted by the minister – is also significant, though less impressive than the oil discovery. A 12 tcf field may be able to feed an export project of 1 bcf per day. It would correspond to Myanmar’s exports to Thailand, a tenth of Qatari exports or a twentieth of Russian exports to Europe. At current liquefied natural gas (LNG) market prices, the gross value of the revenues would be about US$2.5bn per year. At this stage, though, the 12 tcf figure and the 1 bcf per day production rate should be treated as highly speculative.

https://www.iiss.org/blogs/survival-blog/2018/04/oil-and-gas-discovery-bahrain

In 2010, Leviathan Natural DEEP WATER Natural Gas Reserve was said to be worth $90 Billion for 16 TCF.

https://www.haaretz.com/1.5100966

Significantly De-risked asset with transformational reserves Georgia - Block 12

Area

5060 km2
Seismic

2D: 1856 km 3D: 230 km2

Wells drilled: 1204

Interest: 100% Frontera Resources

Resources:

Oil – 10,225 MMbbl (OOIP) of which 1,673 MMbbl is recoverable; @ $70 per barrel = $112 Billion
Natural Gas – 12.9 TCF (OGIP) of which 9 TCF is recoverable @ $3 Billion per TCF = $27 Billion

Combined Total = $139 Billion.
Guessed sale price of $5 Billion is 3.6% of the total value of what's currently stated as the de-risked value and certainly NOT the true asset quantity or value of Block 12.

If Zaza and SN had believed that Block 12 was a plum duff, they would have happily parted with $2 million worth for shares to Hope imho.

Good luck holders, I've never had to work so hard for a profit and I'm just sitting here waiting as a pi. Imagine what Zaza, SN and the Frontera team have been through these past 20 years!

The fight continues....

£5 billion is on the cheap for the whole of Block 12 imo