Member Info for BumblingFool

Put 8 is frustrating but like CPO5 it’s beyond our control. LTT of Mariposa hits 12th months this Sunday. Think we might get a reserves update?

I stand corrected!

In May Q3 and Q4 2018 guided and in September pushed back to Q3 Q4 2019. Cheers Doc! Think I’m suffering inverter fatigue today! Strangely I must have looked at that document 3 or 4 times before and missed that change!

We said that end of last year.

That’s my point doc, 6 drills were guided by q4 this year. In September we are told just picking location and nothing since. We are the operator WTF is the delay?

The August report

Finally, on July 14, the Inter-American Commission on Human Rights ordered precautionary measures to protect them. The Commission explained that the petitioners reported on risk events that occurred this year, among which are threats, intimidation, illegal occupation of homes, armed confrontations, limitations of free movement and the presence of armed actors that would seek to consolidate their illicit activities in the resguardos.
On August 21, a judge of the First Civil Court of the Circuit Specialized in Land Restitution of Mocoa, Putumayo, decreed these measures and sent a clear message to several entities to commit themselves to the protection of the Siona people. (IACHR grants precautionary measures in favor of indigenous resguardos in Putumayo).
But the judge also ordered the Amerisur company, listed on the London stock exchange, to abstain "immediately" from carrying out actions aimed at carrying out the seismic project for Block PUT 12, some 54,433 hectares located between the municipalities of Puerto Asís and Leguízamo and that overlap with the Siona shelter. The company has a total of 11 blocks throughout the department covering 984,000 hectares.
On its website, the company Amerisur Resources informs its partners that it intends to drill 3 wells in the Putumayo 12 block. Also, and against its tense relationship with the Siona people, they say that "a Prior Consultation was completed with three indigenous communities, which allows more seismic operations in the block. "
The Amerisur representative in Colombia reported that the company is analyzing the judge's ruling and will soon make an official pronouncement.

I used google translate, the original article is available here.

https://amp.elespectador.com/noticias/medio-ambiente/petrolera-britanica-pierde-batalla-juridica-frente-al-pueblo-siona-del-putumayo-articulo-807966?__twitter_impression=true

When are ppl hoping we might get a drill update from ONGC? Can’t find any evidence of actual spud date on any of there twitter Facebook etc. Seems likely it would have been no more than a week after we were told it was imminent. So 7th November latest. I recall we had a bit of speculation about drill times given the size of the rig. But I can’t find the thread now. Any way my guess is news by December 15th and unlikely to be before December 1st.

I think the lack of news on plat 8 and 12 is poor. We were guided civil works and 6 drills with nothing just a vague mention in September about data being collected. I posted a translated report back in August. But I’m not aware of the company having given any clarity and in the September update they implied work as usual.

“Put-12 2D Seismic - Coendu Prospect, Colombia

The Company and its partner, after review of existing data and local weather and social related issues had decided to proceed with the drilling of the Coendu prospect without acquiring further 2D seismic data over the prospect. However, due to recent improvements in the area this seismic acquisition is now underway, and will allow the location of Coendu-1 and subsequent wells to be optimised. The programme is six lines of approximately 43 kilometre total extension, and is located in the north western corner of Put-12, adjacent to the Platanillo field. Two of these lines are located within block Put-9, with the intention of enhancing mapping of structural closure. As previously reported, the Coendu prospect is shared between the block Put-12 and Put-9. It is expected to complete the programme in September, followed by data processing and interpretation. Amerisur has also initiated the processes required for the preparation of the Drilling Environmental Licence at Coendu.”

Minimal your braver than I, I think flybe’s Issues are affecting us as a loss of access to there booking system will impact Stob business. Flybe could bounce some tremendous returns but it could go under too. High risk stuff.

They have been linked in press win bu5 think brexshit is playing out here today

SRES tweeted Juction interview. They are drilling next week.

Think yesterday’s rally was on back of deal. Today’s disaster is on realisation there is very little chance of deal getting through parliament

Personally I don’t mind the topic or content of most of what Eldorado has to say. It’s the pompous self congratulatory way he says it that is irksome. When he was invested before the T sands discovery, his over rampastic style was just as annoying. Obviously sitting on paper losses we are generally a bit sensitive to negativity. But as Eldorado has already sold out and swallowed his losses a sudden resurgence in SP especially above his original buy in would be a bitter pill.

Personally I’ve taken the average down approach which has left me uncomfortably over exposed as the SP continues to defy logic. I’d have been better selling and buying back, but as always hignsight provides the clearest vision. I’d be happy for Eldorado and other bears to post to there hearts content, but if you could be less of a pompous arse about it I’d be a lot happier!

http://www.newsandstar.co.uk/news/17219423.andrew-tinkler-gave-me-tirade-of-abuse-stobart-group-boss-in-court/

Hold target 390, not so good!

Blade it would be lovely if you are right, But you have taken The information available and come up with a fit for the information that is as positive as you can find. I’ve just provided a lesss positive alternative for the facts. I’d rather your right but I’d caution against seeing the best possible outcome as the most likely. Tends to lead to greater Risk taking.

The last RNS on testing clearly stated 3 then 4. Pump and tanker reduction (if there is any) ,pluss no RNS suggests possible drop in natural flow of K3. Although we can’t be sure. It’s all just assumptions on an incomplete picture. Pump has been on to long now for well clean up in my opinion. Time will tell. I am still holding for now, not ready to cash in my losses just yet! lol

Timelybuy im not suggesting rain water was getting in the well! Lol the pad captures all rain that falls on it and it has to be removed.

“Horse Hill’s well pad is specifically designed and constructed to ensure that zero fluids, including rainwater, can discharge down into the ground beneath and adjacent to the site. The pad has five liquid containment systems to ensure ZERO DISCHARGE and complete isolation of surface activities from the underlying and surrounding ground, including; both a man-made impermeable membrane and an impermeable natural clay-layer underlying the entire well pad, a membrane-lined perimeter ditch, impermeable concrete well cellars and bunding of all storage tanks and chemicals. Even rainwater from the site is not discharged locally during operations but is collected by road tanker and sent to an EA approved disposal site.”

Presumably they didn’t think they were at that time

Think they don’t run Sunday so 4 today could be expected

It rained a lot over past couple of days waste tankers would be needed to remove water

Seems big concern over the fall in profits in what is the largest part of the business even though the expanding in flight business is more than making up for it si far. I bought back in yesterday on the drop. Hoping to make back some more of my previous losses here. I think we are unlikely to visit previous lows of 350 but if we do I’ll be looking to add heavily