Member Info for dai2belts

List of all their recommendations, and some insight into decisions, 15%

https://www.berenberg.de/en/compliance-disclosures/

I wonder how Tro keeps up with so many, it was hard work trying to keep up with him...

Did you sell Vast ?

I think 95ft, in a tight formation, fracking is quite a size.

Results

SMD 95ft

New Upper sfs 80ft

sfs 120ft

bff 160ft

KUP to be drilled

You can see, without the new find, the totals were almost equal to just Ice-wine SMD, so if people were expecting Ice-wine values its a little short.,,,

Share price was 9/10p, after getting dumped by II

@Horult, did you sell on the bell, or blip back up to 3p, before the fall..

Reinvest that, only need about 10%, to get 40%..

What were you watching to catch EEE ?

Funding RNS

https://www.lse.co.uk/rns/PRD/exercise-of-options-and-placing-of-shares-yjfedv8jex9a414.html

PRD, AGM tomorrow so new shares for new funding..???

I see mentioning of Drilling Mou-3 & Mou-4 back to back on BB... I suspect MOU-4 requires more funding

"From Proactive presentation 18th May, 9m47s:

"We're on track to drill MOU-3, MOU-4 back to back in June, starting beginning of June, finishing round about mid-July. At the same time we're going to test MOU-1, MOU-3 and obviously potentially MOU-4". "

Previous RNS..

The Company intends to be "drill-ready" to commence MOU-4 well operations at the earliest opportunity following a review of the MOU-1 and MOU-3 drilling and testing results ....

Proceeds

The net proceeds of the Placing are targeted at Morocco to cost-effectively maintain the momentum of the current drilling and testing programme to accelerate a potential Financial Investment Decision ("FID").

MOU-1 and MOU-3 testing and drilling results in combination with the Company's CNG development plan and internal project economics may provide the necessary information to complete the desktop work to enable a Financial Investment Decision ("FID")

Whilst there is an opportunity and before additional supply chain issues develop, the Company seeks to secure the remaining long-lead well inventory items for MOU-4. In addition it will commence the permitting for MOU-4 and begin the civil works at the MOU-4 well location.

I suspect MOU-4 drill & testing will require funding, and MOU-4 wont be drilled back to back...???

Lloyds Buyback. £2 Billion worth of shares to be bought to be cancelled,

So thats £2B down the pan, in a hope that the market will pay more the remaining shares, I guess all being equal £2B..

Seeing there are 64B shares in issue, will cancelling 4B shares at a cost of £2b do anything other than waste £2B they took from their customers ?

Https://total-market-solutions.com/2023/05/tower-resources-plc/

Badly researched news article, or attempt to induce selling?

Reduction due to dilution from last placing

Tower Resources PLC - Africa-focused oil and gas company - Chair and Chief Executive Jeremy Asher lowers stake to 7.2% from 16%. No further details were provided.

https://www.lse.co.uk/news/TRP/in-brief-tower-resources-ceo-and-chair-reduces-stake-to-72-from-16-z86doq2vfxy5ne7.html

I messed that up

2023 Q3 Drilling

Velocette, which is expected to spud late this summer, plus funding on success, Mmmmm a bonus

The third tranche (the "Velocette Tranche") of up to US$30 million is contingent on a successful discovery on the Velocette prospect, located in licence PL1016, and anticipated to drill in Q3 2023, targeting Gross Mean Resources of 177 mmboe1 with a 30%1 Chance of Success. The amount payable under the Velocette Tranche is based on a sliding scale of US$/boe values (zero to US$30 million) applied to the gross resources approved for development by the Norwegian Ministry of Petroleum and Energy. The scale has a minimum of 85 mmboe and maximum of 200 mmboe.

2024 Drilling

A rig has been assigned for the drilling of the Lotus (Kjottkake) exploration well in Norway, in which it has a 30% interest, alongside operator DNO Norge AS with 40% and Aker BP ASA with 30%. The prospect will be drilled using the semi-submersible Deepsea Yantai and is expected to be drilled during the third quarter of 2024

Maybe Ryan, will be buying in here, when he realises he can be a little greener using local gas..

might be worth 10-20m

@KevR, I dont think they intended to drill to the deepest target, but using the SMD as justification was misleadiing, being roughly 1/4 of the Net pay of Icewine, but a lot more gross...

Did you manage to dummy trade He1, near the big trades

Looks like 6.7X Sells and 6.8X buys, but below Mid(6.85), so MM playing the spread game

Q3 Drilling

Longboat Energy, the emerging full-cycle E&P company, is pleased to announce that a rig has been assigned for the drilling of the Lotus (Kjøttkake) exploration well (Company 30%) in Norway.

@Horult, you have to shout your trades, so we can following, your getting a dab hand trading AIM..

DELT being punished with its 20 old for 1 new consolidation, 13% no news drop and new 52 week low, about 1.3p old money..

Back to 2020 prices, like JSE, and Kistos back to within its 1st 9 months of trading :(

Ask UK Gov is 75%, Netherlands added Windfall taxes over previous year too..

But UK give back 90p in £1 for investment

But Kistos cash balance increased 138m 89% Tax ???

Kistos,

anybody understand how they get the Closing cash balance when tax is 89%

Revenue::---------------------------------€411,512,000

Statutory profit/(loss) before tax::- €254,125,000

Effective tax rate ::----------------------89.8%

Closing cash::----------------------------€211,980,000(2021 77,288,000)

Cash balances on 31 December 2022 of €212 million (31 December 2021: €77 million) and net cash of €130 million (31 December 2021: net debt of €73 million).

Seems to me cash should have increased by about 25m, at 90% tax,

https://www.lse.co.uk/rns/KIST/full-year-results-for-the-year-ended-311222-3sm78pyfmnh9fdr.html

Its at 0.69 already

Gross 540ft but net was only ~95ft, so not sure how that justified not drilling the final target..

95ft is far short of 380ft,

I will have to look if that 380ft Net, should be Gross, as that diagram depicts hickory smd being almost double ice-wine, which is roughly 380/540 which suggests ice net pay was close to gross sands..?

Thanks, so Crocodylia,

https://live.staticflickr.com/65535/52868098870_4f660bea6f_z.jpg

On the other side Kapenta, and Nyati, are they close enough to the BMF to be part of the string of pearls

https://live.staticflickr.com/65535/52857082558_d85bca87cb_z.jpg