Member Info for BondSan

here we go again with the Shaikan is worth nothing / heavy oil argument. the oil gets lighter as you go deeper. the Cretaceous is heavy oil in the 12 degree Api range. circa 1.5 Bn Oip and not even in the current CPR for all intents and purposes. but valuable as bitumen for road building in the future. Then theres the Jurassic which is a Giant resource in itself and ranging from 18 to 25 degrees Api at the top to 36 degrees in the Kurra Chine lower down. Then there is light oil lower still as high as 46 degrees Api which is actually almost condensate. The Triassic was only barely tested. Shaikan 1 in 2012 tested cumulative 24, 000 boepd including light oil . Long term holders are sick of the tactics being propagated here. We've heard it all before. Look at the GKP share register and who the ultimate owners are behind several of these funds. And for your info heavy oil is valuable - the Kern river oil field in California produced for more than 100 yrs. Total and Chevron are 2 examples of heavy oil developers. And almost every Giant and Supergiant Saudi field is also complex with fractured Carbonate reservoirs , tilted oil water contact, zones of ultra high productivity amingst poorly producing zones etc etc. Did you know the first Ghawar well tested only 2500 bopd? look at the early Shaikan flow rates .

the deep water slope prospect or should i say stacked prospect is hardly just a picture

the prospect is some 20km x10-15km in surface area. Its about 150km from Totals success so not quite nextdoor but Total have hit 2 in a row so geological chance of success for TRP here probably increased considerably. Its Gas condensate that Total discovered, so a worthy comparison might be Darwin - drilled by Borders and Southern which has about 460 mill barrels recoverable and had a flat spot anomaly. Sth Africa was once joined to Argentina geologically speaking. The Sth African discoveries are obviously much closer to emerging markets in Sth Africa itself and the likes of India so should be more sought after in due course.

The opportunity may be there to test the 3 stacked structures with one drill and the ideal scenario is just to let a Major get on with it and retain a free carry. If New Age retain operatorship that might be more in TRPs interest as they might be more willing to disclose results so they can sell on. Whats also interesting in latest map is that the largest prospect in the stack extends east into the license nextdoor.

Oil into the 60s as i write with 70$ in sight so if that doesn't attract a partner to the Thali drill i dont know what will.

Gla, holding this for 2 yrs now

More detail on the site today. The South African prospect looks very substantial and with 3 stacked targets. hope TRP can retain at least 20% in a farm out scenario

TRP have several v large separate prospects of their own in the license immediately Nth of Globals. Also Globals update today is for 1 of their 2 licenses as I understand. lastly Reserves are proven after drilling. Resources are Potential volumes of recoverable oil in best mid and low case scenarios , based on size of prospect closure / area volumetrics etc etc. The figures by Global today are not reserves.

As I understand, anything over 25k is considered a professional trade so 50k worth at 0.4 p looks interesting

someone mentioned everything above 33$ is Fcf so thats around 600 million$ per annum Fcf at 60$ oil and 62,000 boepd. Is this correct ?

Its not down to me to have confidence in Jaap H. Sakhalin was previously described as the worlds largest and most technically challenging integrated oil and gas project by Shell. the OIP for Sakhalin 2 more or less correlates with Shaikan.

Im holding Gkp since pre Shaikan 1 drill btw .

Karaan

how long have you been invested in GKP out of interest ?

who do you propose replace the 2 Board members?

do you have any ex directors of 14 Billion barrel oil developments lined up to replace Jaap ?

how will they be voted out ? Institutions own most of the shares that are available for voting now when the 40 something percent that didnt vote is considered also

whats the daily production here post canadian deal ? is it 9000+ per day every day or is that figure the total production for the month of october ?

Im aware he hasnt uttered a word since being appointed. simply stating the fact he was project director for a 14 Bn barrel OIP development in Sakahalin might be of some relevance

re. I3 energy - i saw 9500 barrels produced mentioned for I3 energy from Canadian aquisition. but was that for the whole month of October 2020 or is it daily production going frwd

looks like entering the 20s next week if not tomorrow. 200 ema looking good on this one

interesting. Cairn might want that 30k bopd too though and they r prob. in a better position to acquire it cash wise. unless they bought more of Kraken and Enq then used the proceeds to fund the deal given that these old field enhancement projects would be more up their street.

voting out Jaap Hijuskes ? You need to do a bit more research on the previous project he oversaw and how it was described by his employèr.
Kimberley Wood is on the board of another Company in the region with a 10 Tcf resource. Who do you suggest replaces them ?

if it closes above 20p, there doesnt appear to be much chart resistance to 50p. Bought some yest

Based on Totals 2 highly successful gas condensate drill results thus far Id be of the personal opinion that the Geological COS for the large Algoa Gamtoos Slope lead is now probably somewhere between 25 and 35% to find something very substantial. I reckon around 200-300 million bbls resource might be a conservative P50 range for this lead. . But im not a spokesperson for the company. IF i recall, It was the 11 Billion barrel P10 upside figure for the Namibian licenses as they were originally configured that put a rocket under this back in 2010 or 2011 .

that prospect is currently dilineated at about 15x10km . Given Totals drill results id be hopeful of a 1bn barrel++ p10 prospectivity for our slope lead prospect. That kind of news might get us back to above 1p

thought it would have moved 8-10% on yesterdays oil price news. Enq always a day or 2 behind the curve. Someone mentioned Merger or M&A but who would the candidates be ? Anyone think Cairn might want to buy back some production from Kraken now they are cashed up ?

slow and steady. think this could touch 14 -15p and maybe consolidate around 12-13p range in advance of newsflow

at 11-12000 boepd and v modest market cap shouldnt this be reacting more to the oil price rise ? debt only 50 million or so? 2% is really sluggish