Member Info for dai2belts

Hot stacked just means its deployable, but idle.. which should be the case if its certificates are still valid, and after the last job it is still in good serviceable condition.. especially since it doesn't need breaking down like tower cranes.

What's the work program dates for drilling Siaga?

I don't see any plan to drill the new block..

In the first two-year phase on Block VII, the agreed work programme comprises field mapping and related studies designed to mature areas for future seismic acquisition and/or drilling at the Company's discretion in the following phases of the exploration term. The commitment spend for the first two-year phase including all PSC fees is $980,000

@Bluebay, I thought it was up to 30 wells, but over what area ?

I doubt the original Itumbula resource covers an area anyway near 30km^2, so what is the plan for 30 wells ? It is also farm land so they can't be too densely spaced..

They also canned the 1st pad, but we will have to see if they try for the basement from there later ?

Rukwa

How many wells did they say they intended to drill ?

How large an area does Itumula cover( not the exploration licence area) ?

@Maestro why do you keep asking a question that no poster can answer ?

He1 are very tricky, it was Noble who first mentioned that He1s flow to surface was exsolved while presenting their own results. Holders here last to know..

But I believe if you asked when that 12 months of funding likely ends, anybody who has done some research will give an answer a lot sooner..

Did they discover oil at Mount-3, swabbing is to clean it up ad get the thing flowing, or so I thought ?

Remember off-shore IOG, stimulation of their existing wells failed, and the infill wells were disasters.. They had a class JV, infrastructure in place, and went under thanks to a string of bad workovers.

Blue Sky lol.... been reading He1 BB

If I recall correctly there was a 500k seller last year with UK becoming increasingly hostile to O&G companies, thanks to court rulings and Labour..

But they have two Blue Star assets, Ireland and Equatorial Guinea.. Irelands Greens are out so maybe its the seller buying back betting on a farmout..

Lol, there will always be fresh blood at the right price , most of the current investors replaced the original guys..

They have proven they can raise whenever, but not that they can step out and drill a 2nd discovery at Itumbula, there is also the deepening of Tai that was touted..

500k buyer, Mon, Tues, Wed, Thur, Fri..?

17-Jan-25 11:01:56 0.895 500,000 Buy* 0.85 0.90 4,475

16-Jan-25 09:09:47 0.895 500,000 Buy* 0.85 0.90 4,475

15-Jan-25 12:38:51 0.8975 500,000 Buy* 0.85 0.90 4,488 O

15-Jan-25 12:38:07 0.8975 500,000 Buy* 0.85 0.90 4,488 O

14-Jan-25 11:20:50 0.8975 500,000 Buy* 0.85 0.90 4,488 O

14-Jan-25 10:39:10 0.8975 500,000 Buy* 0.85 0.90 4,488 O

14-Jan-25 10:38:29 0.8975 500,000 Buy* 0.85 0.90 4,488 O

13-Jan-25 14:05:06 0.91 500,000 Buy* 0.85 0.95 4,550 O

13-Jan-25 12:15:46 0.866 1,047,179 Unknown* 0.85 0.95 9,069 O

13-Jan-25 10:43:06 0.918 500,000 Buy* 0.85 0.95 4,590 O

The plans for Heron 2 will be of interest for many..

But the recent Tr1 should be the correct figure, as its part of regulated reporting

I bet many got stung a second time there,

Fingers crossed it works out,,,

Which was the miner you followed that seemed to be saved, multi-bagged, then went under ?

I forgot about that raise....I always thought they were done and dusted before release, but not even half :(

"The Board values its retail shareholder base " I bet it does now...., balls of steel to support that if the smart money said no...

I think the whole raise is conditional on raising 3.5m,

"Accordingly, should the gross proceeds of the Fundraising, together the value of Settlement Shares issued at the Issue Price, be materially less than £3.5 million, the Placing and Retail Offer will not proceed"

how much is "materially"

2,043,428,831 shares traded today, and company hope to issue another 8,263,000,000... !

I think Matd probably have a very good idea as to why there is sand at higher flow rates, as they hired experts to bring that well into production.....but maybe too early to be sure.. I am just cynical....

But even without sand I do wonder if they could realistically increase x4 to 800bopd without drilling a lateral extension...

Mmm, I don't see in Zephyrs update what flow rate they expect from drilling a 5500ft lateral to compare to the original 130ft vertical section within the same pay zone.... .

"Silverlight - why don't you start by telling me which bit of my post is factually incorrect? "

Page 5, CSS related parties at re-admission had 1,773,442 shares,

if prospectus has errors then

21st Nov Tr1 states they had only 1,182,257 shares 20th Nov, and 7,541,705 21st Nov..