Member Info for Bridges

Lol sorry forgot the k in the km

Given the current policies of the Ghana Government, the probabilities the PA approval and ratification will happen before December. I have seen agreements get ratified quickly through the Government process once all obstacles are out of the way. There is a state of urgency to move on with the oil and gas exploration. We will probably get RNS that’s it’s been ratified a few days after the event so it’s worth if you are not invested yet keeping your eye on the adgenda. For sure once ratified you will not be able to buy any shares st this level. GL

Should add the bpd and NOTE we have an area of 1,500m2 block and the average bpd in that area should be much higher. DYOR

Sabalo’s and Shad’s combined average production in Sept. 2018 was approximately 11,200 boed with approximately 83% being oil.

Not quite apples for apples but to give an idea
THE WOODLANDS, Texas -- Earthstone Energy has entered into an agreement with Sabalo Holdings to buy producing and non-producing oil and gas assets in the northern Midland basin.

Sabalo has entered into an agreement to acquire wellbore interests held by Shad Permian, which were part of a drilling joint venture between Sabalo and Shad.

As a result of these agreements, Earthstone expects to acquire 20,800 net acres located in the Midland basin and an estimated 488 gross operated horizontal drilling locations and 349 gross non-operated horizontal drilling locations for an aggregate purchase price of approximately $950 million, which consists of $650 million in cash and $300 million in stock.

You shouldn’t wait too long Scully to get back in imo but congrats on your profit. Teeling certainly is a prudent investor, to get a block in Ghana, in the Tano Basin. Any idea what 1,500 m2 is worth in that basin next to Jubillee producing 100,000 bopd. It’s not 2M that’s for sure. Valuation on ratification will be much much higher and we will see exceptional re-rate of this share. Good times will be round the corner DYOR GLA

Not the news we are expecting. I think he has issues with Teeling he he he

Expecting news before end November ;)

So con you, you only have one adgenda and that is to deramp clon. nobody is listening to your Unfounded deramp stories based on no back up or substance.

If everyone gone no one would be holding shares ;) this is a buy, hold and accumulate on dips, if you can. Big news due in good time. GL

Shouldn’t have to respond d to this but just for the record I have absolutely no connection with Teeling nor his Clontarf. The only interest I have in connection with Teeling is that I own shares in Clon for investment purposes for my own benefit. What a muppet. Maybe Confu is delusional more like!!!

Could be massive!! that confu is clutching at straws and knows absolutely nothing about the oil and gas market. Just pops up know and again to slag off Teeling. Confu has no substance and is probably trying to con you? Right con you !!
Anyway we are possibly sitting on Huge value in the sweet Tano Basin !!!!

It was slow progress but now we are into the last part of the ratification journey. It is worth keeping in mind that the Government are pro development with a focus on early exploration, discoveries, and output. They are also keen to complete the ratification process. IMO I think this will not be a drawn out process. As there are too many indicators telling us otherwise. In the meantime we may get the ramping team back not that we will need them on ratification as the sp will be way north of where we are now.

Just to correct my obvious typo I meant 2019 not 2029 :)
That video you shared yesterday was a good insight.

I agree ratification is key at this stage and it’s all about timing. The probabilities lean towards the side of sooner than six months due to the push for exploration and the urgent need to increase oil output. In the short term for the remaining time in 2018 Kosmos and Tullow expect that 5 new wells will increase production from Jubileee and TEN . Ghana need more fields and with the new licensing round taking its time into back end of 2029 they will be looking at areas where they can get immediately started. Tano Basin is proven to have oil reserves and early indications from the data available on clons block looks promising. It makes sense that the ratification will not take long in order to Capitalise on the Tano Basins reserves early.

Nice find Rise!!!!

Mr Goat weed clon licence is not in the dormant category as it has been held up in legal dispute. The legal disputes have been resolved and PA has done to cabinet for approval and parliament for ratification. On ratification expect a JV with Tullow.
Stop trying to deramp and mislead

let me emphasis and back that up as well: The president said “Given that production is taking place at a faster rate than reserves are being added, we need to reverse this state of affairs immediately, especially in today’s oil market environment where crude oil prices are in the USD 70-80 per barrel range,”

The whole point is we are not tied into that process and is the reason why Tano 2A is so important not just because it is in the Tano sweet spot basin but because it can be explored expediently!!!! Tullow have the offshore infrastructure in place and potentially Tano 2A could tie back into it.

Today sees the initiation of Ghana’s first open and competitive bidding round for oil and gas exploration licences in the central basin. Already deemed a success as it has attracted interest from Big Oil. Ie Exxon, BP, Chevron, Total, CNOCC etc.. Sources in country indicate focus is on Tano Basin ..... I am expecting news soon on Tano 2 cabinet approval and ratification. Ghana need to crack on with their exploration programme GLA

Mr Positive the news that all obstacles have been removed and that the PA is with cabinet!!!! Just a matter of time now before the PA is ratified :)