Member Info for Bridgedogg1

Probably more than that as the costs will be flat.

Rolf Gerritsen, chief executive said: “This near term cashflow generative project has the potential to add substantial value to the company alongside our Gold Ridge Project”.

I’m not sure the 4% comment relates to an estimated MCAP but maybe that funding may come from elsewhere.

Mechanical shut offToday 14:34
https://res.mdpi.com/d_attachment/ChemEngineering/ChemEngineering-03-00051/article_deploy/ChemEngineering-03-00051.pdf

See from point 6, once identified the fix can be very quick. Looks likely for next week.

....known for being economical and reliable in achieving isolation
..can be installed by using coiled tubing which can run them through the wellbore.
... the results can be achieved relatively fast, in a couple of hours to days,
...the concept of packers and plugs is a small diameter element, mainly rubber, which can expand downhole the wellbore into larger diameters, creating a seal and isolating the well from unwanted features or zones.

https://res.mdpi.com/d_attachment/ChemEngineering/ChemEngineering-03-00051/article_deploy/ChemEngineering-03-00051.pdf

See from point 6, once identified the fix can be very quick. Looks likely for next week.

....known for being economical and reliable in achieving isolation
..can be installed by using coiled tubing which can run them through the wellbore.
... the results can be achieved relatively fast, in a couple of hours to days,
...the concept of packers and plugs is a small diameter element, mainly rubber, which can expand downhole the wellbore into larger diameters, creating a seal and isolating the well from unwanted features or zones.

Would be great if we could get 5% of the thing. I wonder if our involvement is for a third party. Otherwise I’m not sure why we would be at the table with such big hitters, it’s just such a big asset relative to our size. Even 5% is 5x our MCAP. If it truly has near term production potential then other funding may be available to us. Very excited to see what has been drawn up so far. I don’t expect much detail but we will get an idea of the scope of mnrg’s involvement. Can only be huge for us. Exxon look very keen to sell the asset, they are targeting huge global asset sales this year.

https://www.romania-insider.com/romgaz-stake-exxon-project

Breaking the 0.7p was important. Now we can attack 0.8p and after that boom time. News will smash us through the lot.

;-) buy

Nice but there

As in prices fall to buys like dominos up and up... not pizza time

0.8p is the last resistance here, then it’s dominos time

egh who sold?

I got 0.77 quoted for 2k

No trades for 20 mins, not in auction is it?

rocket emoji - rocket emoji - fire emoji - explosion emoji

Who put a 1 trade in their? Love it..

Well I just took a top up ....buying at 0.7p

Needs to push through 0.7p then skys the limit. I can see a £20m valuation here no problem.

Penguins, that figure includes amounts attributable to the group decreasing its trade payable, an increase in abandonment expense (Mark Woods) and the increase in administrative expenses (increased employee costs).

Once the fix is complete (from existing funds) expenses will be minimal and I would anticipate that 3 tankers a day would produce cash flow for the company assuming we come out of the fix with cash in the bank.