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Another box ticked.... posted this morning:
@PierpaRocco
Bringing the Whisby-6 well back to production. Another significant milestone achieved, well within our 100-day plan. More to follow. #MNRG #oilandgas #BRITNRG
ATB
Looks likely work will be restarting in Greenland very soon - once the locals get their jabs ;)
https://www.thelocal.dk/20210308/danish-navy-transports-covid-vaccines-to-remote-greenland-areas/
ATB
At least 'New Age' are proactive in Cameroon.. hopefully bode well for our SA interests...and give JA a kick up the arse ;)
https://www.upstreamonline.com/field-development/new-age-sounds-out-yard-interest-in-west-africa-platforms-job/2-1-973347
Also in today's news..
https://www.gov.uk/government/news/uk-and-cameroon-sign-trade-agreement
ATB
Arizona opening up at long last. We should be hearing some positive feedback from the SRK 'GoldRidge' site visit soon...at least they can now have a meal in a restaurant ;)
https://www.fox10phoenix.com/news/arizona-restaurants-scramble-for-new-hires-after-gov-ducey-allows-full-capacity
ATB
POO Brent now @ $67.3... with rising tension in the Middle East also China and India demand increasing, the price is heading for $100+ in the near term, but suffice to say that's circa 50% increase in the last few months!
Here's hoping the Romanian O&G deal is still on the table, no denials to the contrary.
Rig Rates will also rise exponentially..so hopefully Rolf can secure a deal sooner rather than later ;)
https://oilprice.com/Energy/Oil-Prices/Traders-Are-Betting-On-100-Oil-Following-Texas-Freeze.html
ATB
Withth rising tension in the Middle East also China and India demand increasing POO is heading for $100+ in the next few months!
Bit early in the morning for calculating 'gross revenue' on our Cameroon reserves at 16kbopd, but suffice to say that's circa 50% increase in the last few months!
As mentioned Rig Rates will also rise exponentially..so hopefully TRP can secure a deal sooner rather than later ;)
https://oilprice.com/Energy/Oil-Prices/Traders-Are-Betting-On-100-Oil-Following-Texas-Freeze.html
ATB
Greenland Covid situation seems to be under control.
https://www.google.com/search?q=greenland+new+covid+cases&oq=Greenland+latest+cov&aqs=chrome.1.69i57j0i22i30i457j0i390l3.32098j1j7&client=ms-android-vf-gb-revc&sourceid=chrome-mobile&ie=UTF-8
Also Denmark eager to get the economy back to normal.
https://www.thelocal.dk/20210217/covid-19-denmark-plans-twice-weekly-testing-as-path-out-of-lockdown
ATB
The Whisby #6 Well workover should be nearing completion in the next week or so. https://twitter.com/i/status/1350026689011658755
"Significant potential exists for the Company to increase production with workover and drilling programmes at Whisby & Netwon".
https://mobile.twitter.com/search?q=%23mnrg&f=live
ATB
Conversely, presumably, it's better to be 'debt free' (relatively speaking) - hence the Shard repayment BEFORE 'the data' was released to potential JV partners ;)
Re: September RNS-5278X
"Our intention is that both loan facilities will be repaid when we conclude our asset-level financing for Cameroon". So the question is; Has TRP already secured the funds 'for the commencement of drilling and testing of the NJOM-3 well on the Thali license?'
Are we now only awaiting a 'Covid window' to sign a binding Rig contract?
I imagine JA's arse will be twitching as he watches the daily POO on a steady upward trend..as the POO goes up..as does the 'spot market' of Rig rates increase.
ATB
A subtle reminder of Gold Ridge ..The past sample from that area returned 30.4 grams/tonne (g/t) gold and 69 g/t silver. :)
ATB
Arizona opening up ;)
https://www.visitarizona.com/covid-19/
GoldRidge
"SRK Exploration to undertake a site visit to review the prospectivity of the geological structures linking the 3 historical mines and to assess the larger scale development potential of the Goldridge mineral systems."
https://www.srk.com/en
ATB
Indeed Reggie.. I too have been watching the steady increase ;)
For those of you who look at the bigger picture i.e 'The Long Forecasts' (in whichever commodity you trade)....Food for thought ;)
https://longforecast.com/oil-price-today-forecast-2017-2018-2019-2020-2021-brent-wti
ATB
Today's TR-1
The Spencer's must know something...this is just not normal PI investing activity..
https://youtu.be/lFLpwRMS00g
ATB
'Officially' the wheels are now in motion. Just have to relax, sit back and wait :)
ENVOI Limited (Farm-Out agent):
https://envoi.co.uk/projects/active-projects/africa/cameroon/
Rig-site survey completed, Drilling equipment ready (in country).
http://envoi.co.uk/projects/active-projects/africa/south-africa/
Looks like 'New Age' are driving this one on, don't think they will be procrastinating with this massive prospect.
ATB