Member Info for Da_Gee

RedDward this where the results of the recompleton and the drill need to come in. Stanley 3 we are funded is well. 0.27p placement was a struggle. Price needs to be upwards of 1p and if results are good then placing is a good thing as long as it delivers.

Has started on this share. Got a high of 0.31 today same buyer as yesterday selling out today quick tidy profit. Stanley 1 expectation was 150 bopd so let’s see how much this zone does produces. Hopefully we will find out by early next week. Them onto spud 2 weather permitting which we believe there is Gap. Results is what count here now.. Anything good and meets/ exceeds expectations will be welcome by the market. GLA. I’m regularly checking central petroleum website to get the exact date of drill for Amadeus basin. Anyone here Anythimg over there just post it up here.

Mc I guess the need a blow dryer to dry the road up!! I’m expecting something to happen this week. Maura sense to recomplete and drill Stanley 2 simultaneously. Fingers crossed for both.

Just checked the weather that area does have some serious thunderstorms for most of the time this week and next week. They have mentioned site preparations are compete but the road leading to it will be flooded for the rig to. Come on site. Digger 1 surely it would make sense to make a temp road by now 3 months later.

Yes we are way undervalued for the 4 assets that are producing oil. Plus we have Aussie assets that have good seismic indicating presence of Gas and Helium. We are talking in TCF territory. Once a drill is confirmed by Santos for drilling the Dukas prospect this will look radiculously cheap. It's sentiment here which is not right Bod have under delivered so far hence. By comparison to Angus we have about the same amount shares but I guess the manage expectations better.
Once spud is announced and recompletion is done on stanley 1 along with confirmed dates of Santos/ Central petroleum drill then this will be motoring. Time is coming soon watch this space.

It costs someone 10 pounds for that trade. Oh well no need to comment on here we just need big actions now. Absolutely we as keyboard investors have covered everything. Just need to be patient and wait for the white rabbit to come out.

I gues the only new news is we are going to recomplete Stanley 1 and hit the Spart zone which is shallower. Key is they need to the ball rolling. None of this info will get the sp moving. Actions speak louder than words JB. Site Prep complete so hopefully rig should be on site later this to Spud. Once it’s in the area then I cannot imagine it stopping even if we have rain. Hopefully end of this week is my bet for the spuds GLA. Will still watch out for any dates on Santos drill. All these outcomes and we could have a good Easter. I’ll buy the chocolates:-)

True sad reality really. It’s too cheap at the moment and BoD are not helloing at all. There wages are more than a company that is worth over a billion. Wages are more than some companies in the ftse 250. I would rather the SP wake up ASAP as boyout will not be a good bet. Even keeping 30% like central petroleum would be awesome. Someone Carry us to the first free drill. For now we need success in Staneiy and Welch end off. We need the BoD to over deliver as they have always so far underdelivered.

And US inventories declining. Surely by now the rig should be on site. 2 weeks to prepare the pad etc so hopefully early next week we should get a spud RNS. In the meantime hope we get a partner to drill a horizontal well at Welch. It makes economic sense. And finally Santos to start drilling in the south Amadeus basin in April. I believe we should get confirmed dates in the next 2 weeks. That news will be transformational for both Central Petroleum and MSMN. On expectations I would see significant increases and on a positive drill targeting both Gas and Helium both will re-rate over night. Our CoS will increase significantly and chances of a takeover/ buyout will be very high as we are cheap. But first you off let’s get the ball moving on Stanley. Overv3 months delay. Money must be running out. We struggled on the last placing at 0.27 hence the board put in 55k each. This time we will not get even half that. Time is critical now for the company. Gla All and JB.

If they got access mid-Feb they will need 2 weeks to prepare get the rig on site so I think spud will be end of next week 1st March or 4th March. That’s my bet. Oil business is a waiting game.

Min 1p its too low if Stanley 2/3 come in and Santos are successful. We will be multiple of the 1p and could be in the teens. TCF is huge gas discovery it’s world class. Helium if found is worth many times gas and is known to deplete in 2020 in the US. It’s all to play for At these levels. Long termers normally get shafted in AIM. Loyalty does not pay in AIM.

Wolfe yep I think all depends on the Central Petroleum drill. When Santos drill it they will get 70%, if they hit the sweet spot then MSMN game will be changed and riped for a takeover or potentially bought out before the drill including the. US assets. Dispose off the US assets and keep the cherry on the pie. All these outcomes are possible. Santos are huge compared to Central Petroleum. If you look at the balance book of CP it’s not that great and includes debt facility. The sun is out in England hope the road is dry to get a truck with a rig on.

Sweatystock It will be a free carry for a percent of the share. $2 million pounds is not much for a company especially if the returns are quite good. Just 300 bopd * $55 = 16,500 times 30 $495,000 *12 = $5.940 million minus all costs. 20% 1.188 million for 20% share. Obviously it’s a risk is well we might not get 300 bopd or half that on the plus side it could double 600. Seems like a no brainer with oil price going up.

Yep and we own 100% of that. Anticipated bopd is 600. So it’s worth someone farming in 2 million for a share of 30%. Approx 200 bopd a day. ROI looks good is well. Anything is possible here. Any announcement would trigger the SP.

I agree with you wolfie it seems like we have had 4 investments in the US. Apart from Welch none of them delivered ROI. Net barrels we are still at around 35/ 40 bopd on the 4 investment. Today’s news of increasing interest in challenger is no use to the overall focus on increased production. I believe we have spread ourselves too much here.. if we’re producing net 60 bopd then yes mates slight sense.. we just do not have the money and lost out on 2 months of revenue from Stanley 2 is well. It was suppose to be drilled in Nov. with results end of Nov. 2.5 months down the line no drill. Wages going out. Even though we are only funded for Stanley 3 and 4 I think. We are running on thin lines here. Why don’t they invest in some hard concrete and make dirt road. It’s costing us more not doing anything for only 16.5% or 20 bopd net barrels. Get the bloody ball moving and fix the bloody road.

Thank you and I was not expecting big firework numbers but wanted to know where we were in the last 6 months.. total gross is at 101 bopd and net to mosman is about 35.6 bopd. About 56k a month based on $50. That does not keep the lights on for MSMN but we need the workovers at Welch and Stanley 2 to kick off ASAP.

I’ve emailed is well saying we need an operations update. It seems like it won’t be good as all assests are being impacted by the weather. But need an update we do no have all our eggs in Stanley 2. At the rate we are going we are behind 3 months that’s enough to drain the placement. This time even SP Angel will not touch them with a barge pole!! Just hoping for a miracle here Waver. Arkoma was the biggest joke way too much spent for a total of 80 bopd spent and still not optimized. Bought 450k worth of ESPS. Surely you should invest in something in equipment that will have a return of investment. The donkey would have pulled out 80 bopd

Steak pie . Aussi in September Synterra Technologies, the Calgary based geophysical service provider (“Synterra”) have provided the initial results from the Stage Two Seismic Reprocessing and Interpretation Study. The results show that existing local and regional seismic data is good quality. The interpretation confirms that the salt tectonic structuring can been seen in EP 145, as it can in the area where Santos has announced it intends to drill the large Dukas prospect in the next six months. Mosman are working with Synterra to determine the future work program at EP 145, which may include additional seismic to fill in the data gaps with the objective of determining a drilling location, and presenting the full package of information to attract a farm-in partner. EP 156 they said has been relenquished in the 9th nov update. So I wonder where we are at with these.. I regularly check Santos and Centsl petroleum website for there droll announcements or next steps. That’s the biggest drive of this company. They need to get seismics done by August 2019 and then a drill in 2020. So all depends on this Santos drill. GLA. No spuddy yet

Just above 1p do not want to throw anymore money at this. Seems like another KEA petroleum to me or Sefton Resourcrs. Proven to be wrong but hope not. No action from Bods over the last couple of months seems like they have been snowed in. Banging about Stanley 2 since August they should have got on with it. Whether will obviously be bad around this time if the year in the northern hemisphere. Still no spud it’s the 21st of Jan nearly over. When is the half yearly report due?

Oh well they are still getting paid and we are loosing money. Where is the rest of the update? Stanley 1 has the gas depleted yet. Has Arkoma ESPS been optimized?? Welch 50 bopd is that still maintained??