Member Info for cperkin

Agreed steve, my take is that they should drill C1 before selling with it being conditional on the 25 year development licence. I would expect $60 to $100 mill at that point.

The BOD seems to want rid of before and for $20 mill+

Nobody here knows what p#1 has delivered. Till a CPR is produced it's all complete guess work. Certainly there would be no point in progressing a Farmout unless you have something to FO in the first place.

Don't know if you have read the presentation Colin but the first 4 projects cost an estimated £10 mill with the 5th a further £10 mill which about meets my 20 mill estimate as it happens.

They seem hell bent on selling the remaining assets, Ruvuma and Helium-1 to explore their own strategy. Should give them a £20 million odd war chest.

Possible bag here in the short term from the recent 80% fall and lows with drilling due and spud dates imminent.

DYOR.

It's a shocking load of bull AA and makes this site unusable for monitoring trade prices.

It was from the last RNS on the 16th Feb, I agree the well costs run into end H-1 with a targeted spud Q1. I think they will look even more incompetent than they already do if they miss these dates after announcing them so close to the end of the Quarter.

T&T 2021 programme:

· Drilling of the Saffron #2 appraisal well, targeted to commence in Q1 2021

Suriname 2021 programme:

· Drilling of an appraisal well and conduct of Extended Well Test (EWT) in the Weg Naar Zee Block in Suriname in Q1 2021

umm?

So the 8% drop the other day looks like it was manufactured to fill buy orders. I guess the conclusion is that with such low volume, the book is easily manipulated to ease such transactions.

£30.8K
£22.14K

Those UT cause havoc, from 4% down to 4.55% up in the first hour, both UT trades.

Spud date coming or maybe imminent, depends on the BB police of course ;0)

They moved the ask up, widened the spread and left the BID unchanged, traded more yesterdays volume already and almost all buys yet they dropped it 8% odd yesterday on nothing. Watch PEEL!!!

Should tick up, unless PEEL are being dodge city.

Krapp, are you ust being obtuse? a spud date comes before a spud, everything is targeted till delivered, Thursday I target to be alive, have to wait till Thursday to see if I make it.

Target is 2 spuds Q1 there are only a few weeks left, a spud date is imminent, let me add imo so you don't get confused.

T&T 2021 programme:

· Drilling of the Saffron #2 appraisal well, targeted to commence in Q1 2021,
Suriname 2021 programme:
· Drilling of an appraisal well and conduct of Extended Well Test (EWT) in the Weg Naar Zee Block in Suriname in Q1 2021

Q1 2021 spud date imminent Krapp

Amazing, almost half of yesterdays volume already traded today almost all buys and not a tick up, but over an 8% drop yesterday on a volume of 2.5 million shares and all of the trades small.

Welcome to dodge

Depends on your definition. Q1 spud date is very imminent in the O&G world.

2 Appraisals wells due to be drilled, spud's due before the end of March, spud date announcement some weeks before spudding.

I think I can stand by my use of the word imminent, but thanks for your concerns on my use of the phrase Krapp.

Of maybe two.

Morning steve, I think it's the right thing to do personally, lots of people who can't be bothered to read a few slides, listening is easier for some.

Yep, I would say they have up to 3 months max to deliver something on their "New" stated objectives. They need to under promise and over deliver to gain trust after the 1D deal and their previous failed delivery.