Member Info for dai2belts

With Parliament on holidays it could drift as nothing is going happen for a while, and its a further delay.. Some will sell just on the possible opportunity to buy back later, on take a trade in-between ..

Have a play with ChatGpt. remember He1 that 0.25p fundraiser, well I fed it info from the updates, 1 at a time, to create a conversation that slowly provided analyse,,, I gave well costing too, and lots more .. it gave an estimated fund raise of $2-3m, and reasoning.. the reason behind all from the updates, and AI reads it word for word, exact interpretation

Significant news and only 26 trades, while before Christmas the company told the market there would be an early placing and people bought like the sales were on

STG, a tiny volume of 123k, up a whopping 78%, only on AIM

Sure somebody put all link on the BB

quoted 8.2p to buy

One to watch, Signature of MAC2 Services Supply Agreement, these guys are going to manufacture the fuel for the trial that took the share price to 8p before placing...

QED. 4.1p, One to watch, pumped to 8p when MSC contract was signed, I guess many thought that was the last legal hurdle...... contract was almost a year late

Three further contracts required.............

1. Quadrise and MAC2 for services ( Signed 1st April)

MAC are going to produce the fuel for the trial, using QED equipment and technology

------------

2. Quadrise and Cargill for tolling

Cargill are going supply the fuel feedstocks, QED the secret ingredient and take a cut

-------------------

3. MSC and Cargill for fuel supply.

MSC the ship and ultimately sign a contract for fuel

--------------

I would guess if 3 gets signed first the others are nailed, and trials can be scheduled,

..... maybe 8p again

But its drifting at the moment as two other fuel trials that have a May/June deadline are quiet, although there was a photo of guys on site in Panama for the Sparkle diesel power plant trial..

On 4 October 2023, pressure was lost from the A annulus in the Skua-11 well, likely as a result of gas in the annulus escaping from a shallow leak point. The well was immediately shut in. A replacement operation, which includes a sidetrack to target volumes associated with Skua-11 and additional reserves in the vicinity is currently being planned and is expected to commence in Q4 2024.

I see its been shut in for a while

On 4 October 2023, pressure was lost from the A annulus in the Skua-11 well, likely as a result of gas in the annulus escaping from a shallow leak point. The well was immediately shut in. A replacement operation, which includes a sidetrack to target volumes associated with Skua-11 and additional reserves in the vicinity is currently being planned and is expected to commence in Q4 2024.

If U.S. imports reduce doesn't that mean there will be more for global markets ?

Transportation Costs and Logistics: Oil is not just a simple commodity; it's affected by transportation and logistics. Even if the U.S. reduces its imports from one region, it doesn't automatically mean that oil will flow seamlessly to other regions. For example, the type of oil (light vs. heavy crude) and refinery capabilities may also play a role in how quickly the market adjusts. So, it's not just about freeing up supply, but whether other countries can use that supply effectively.

U.S. Market’s Role: The U.S. is a key player in the global oil market, and if it shifts from being an importer to more of a consumer of domestic oil, this change could push up global oil prices in the long run, as other nations would still be competing for the oil that the U.S. was once purchasing.

https://chatgpt.com

Market Reaction: Markets tend to react to uncertainty. If there's uncertainty about oil supply due to tariffs, even domestic producers might raise prices to take advantage of higher demand, anticipating a tightening of supply.

So, while the price of U.S. oil may not directly rise by 25%, the overall price of oil in the U.S. could increase due to the combination of reduced imports and shifting market dynamics. This would likely be felt most acutely at the consumer level, where gasoline and heating oil prices could climb.

What do you think? Do you feel like the market would adjust quickly, or would this create longer-term instability?

Domestic Production: U.S. oil production might increase in response to tariffs if domestic producers see an opportunity to meet the shortfall caused by reduced imports. However, the ability to ramp up production quickly is limited by factors like drilling capacity, infrastructure, and environmental regulations. If the U.S. can't make up for the shortfall in foreign oil supply quickly, domestic prices may rise.

Reduced Competition: With higher tariffs on imports, U.S. refineries may face higher costs for foreign oil. If foreign oil becomes more expensive, refineries may shift to using more domestically produced oil. This could lead to higher demand for U.S. oil, which might drive up the price, especially if supply doesn't increase to match this higher demand.

You should try having that discussion with ChatGpt, but it could get blinkered so have some agreements either way to balance the end conclusion

ALL,, might drift lower as Farciment as adjourned indefinitely for festive holidays..

Could see speculative rise on their return, maybe

Add the risks of the drilling operation into that, its difficult to see the attraction

MMMmmm, yes ??

Not much detail, but at 1st glance $62m that takes 16months to payback to gain an extra years life doesn't sound great

Whats Skua-11 producing now,

Not much detail, but at 1st glance $62m that takes 16months to payback to gain an extra years life doesn't sound great

Skua-11

drilled higher in the Skua structure to accelerate the recovery of reserves from this field. with an expected initial oil rate of c.3,500 bbls/d when brought onstream

I wonder what its producing now,

extending the economic life of the Montara field by one year.

The well is expected to cost US$62m payback period of 16 months

generate a 65% internal rate of return[1].

I wonder if it moves further away from water contact

I wonder if performance was dropping off

$62m, that has to come revenues, plus 2 months no oil

16 months to pay back, is 16 months revenue lost

Added to my watchlist along with 4 other risers up about 20%, I read two other companies updates, and its up 100%, just suddenly went ballistic...

Dipping now

Was up on speculation buy out/take over offer, down 30% today after revealing poor financial culture

https://www.lse.co.uk/rns/WG./business-update-t7csgbrykz5ci5z.html

Discussions with Sidara

Wood remains in discussions with Dar Al-Handasah Consultants Shair and Partners Holdings Ltd ("Sidara") in relation to a possible cash offer for the entire issued and to be issued share capital of the Company.

As announced on 24 March 2025, Sidara has until 5.00pm on 17 April 2025 to announce a firm intention to make an offer for Wood in accordance with Rule 2.7 of the Code or to announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be further extended with the agreement of the Board of Wood and the consent of the Panel in accordance with Rule 2.6(c) of the Code

Trading near bottom, not whats negative about this , and probably 60 days before news knowing them, or 1 year if bad lol

Skua-11ST is the main activity in Jadestone's 2025 capital program. Operations will cover safe decommissioning of the existing SK-11 well, after which a side-track will be drilled higher in the Skua structure to accelerate the recovery of reserves from this field. The Skua-11ST program is expected to take c.60 days to complete, with an expected initial oil rate of c.3,500 bbls/d when brought onstream and extending the economic life of the Montara field by one year. The well is expected to cost US$62 million, with a forecast payback period of 16 months and generate a 65% internal rate of return