Member Info for Danielm89

Https://www.voxmarkets.co.uk/articles/challenger-energy-successfully-completes-sale-of-cory-morgua-license-to-predator-9416814/

Ahaaa

They were a JV on Cory 🤔

Who just won this licence in Trinidad that fully surrounds our license

The Guayaguayare block is located onshore in south-east Trinidad. It is one of the largest onshore exploration and production blocks in Trinidad (approximately 306 km2), and is strategically and operationally synergistic with the Company's core Trinidadian production business, in that the Licence wholly encloses the Company's Goudron licence area, and is adjacent to the Company's Trinity-Inniss licence area.

The Company considers the Guayaguayare block to be highly prospective, being amongst the largest remaining underexplored / undrained contiguous onshore areas in Trinidad. Additionally, the block contains approximately 65 historic wells, a few of which are active, but most of which are currently shut-in / suspended / abandoned, and many of which the Company believes can be reactivated and serviced from existing operations, thus offering the opportunity for near-term production uplift at minimal incremental cost.

Eyes on.. could be a surprise brewing on the forgotten asset

Https://www.morningstar.co.uk/uk/news/AN_1730812461530702500/touchstone-exploration-touts-new-rio-claro-licence-for-primera-oil.aspx

Why do I recognise touchstone exploration

Https://www.guardian.co.tt/article-6.2.460691.90a0952681

Neighbours saying c02 can revitalise Trinidad on shore

If we can cash generate that asset … well

Nt to buy yet again

Have a good week everyone, hopefully the rerate continues

There will be unfortunately for them, there’s lots of activity locally (Uruguay, Argentina, Brazil) and in Namibia (our geographical twin)

The newsflow is spread very largely making it a very steady hold

Q1- preliminary seismic results, operating update, Bahamas update (probably leaving the license), Trinidad update (planned work? Sale?)

Q2- more in depth siesmic, call for farmin and data room open, chevron update on work/Shell $150m study update, APA dril plan?

MMS have very little stock availability at these low levels there was only 50-100k shares left sub 8p Friday and the buying from lows hasn’t been huge.

Trinidad could surprise, an American company just won the licence that fully surrounds us and the amount of equipment and workforce they’d gain buying us makes it a target.

A junior that was lucky enough to be in the orange basin saw their mcap reach 500m

No risk until drilling which is a while away

On paper next to peers it’s the cheapest oil/gas stock on lse

10m cash …. Phenomenal

300 bopd on an asset we’ll probably sell this year

Matd 300bopd skint 22m cap no other asssets

Ceg 300bopd 10m cash 18m cap 3 other assets

But if you guys can fund the drill with no dilution or giving away more of the asset I’ll take my hat off

Gave away 40% for nothing is pretty horrible

Aex 50-70m cap single asset waited 3 years to drill

JV in place freeride, no cash payment

Snda 25m cap single asset waited similar timeframe don’t own much of their asset

No JV freeride, no financing need cash to drill

Matd 22m cap 300 bopd …. Skint

That’s about it for that tbh

CEG 18m cap 300 bopd in Trinidad and own 60 wells/equipment

2x Snda aex sized assets in Uruguay (probably bigger tbh) 1 JV chevron 60% 12m cash payment 20m freeride.. other advertising JV h1 2025 (bigger and less monkey work needed surrounded by Shell) and a Bahamas asset waiting license

Cash 10m

Aex 50-70m cap single asset waited 3 years to drill

JV in place freeride, no cash payment

Snda 25m cap single asset waited similar timeframe don’t own much of their asset

No JV freeride, no financing need cash to drill

Matd 22m cap 300 bopd …. Skint

That’s about it for that tbh

CEG 18m cap 300 bopd in Trinidad and own 60 wells/equipment

2x Snda aex sized assets in Uruguay (probably bigger tbh) 1 JV chevron 60% 12m cash payment 20m freeride.. other advertising JV h1 2025 (bigger and less monkey work needed surrounded by Shell) and a Bahamas asset waiting license

Cash 10m

Aex 50-70m cap single asset waited 3 years to drill

JV in place freeride, no cash payment

Snda 25m cap single asset waited similar timeframe don’t own much of their asset

No JV freeride, no financing need cash to drill

Matd 22m cap 300 bopd …. Skint

That’s about it for that tbh

CEG 18m cap 300 bopd in Trinidad and own 60 wells/equipment

2x Snda aex sized assets in Uruguay (probably bigger tbh) 1 JV chevron 60% 12m cash payment 20m freeride.. other advertising JV h1 2025 (bigger and less monkey work needed surrounded by Shell) and a Bahamas asset waiting license

Cash 10m

Don’t know about you guys.. but I think we’re a little undervalued compared to our peers 🤔

Aex 50-70m cap single asset waited 3 years to drill

JV in place freeride, no cash payment

Snda 25m cap single asset waited similar timeframe don’t own much of their asset

No JV freeride, no financing need cash to drill

Matd 22m cap 300 bopd …. Skint

That’s about it for that tbh

CEG 18m cap 300 bopd in Trinidad and own 60 wells/equipment

2x Snda aex sized assets in Uruguay (probably bigger tbh) 1 JV chevron 60% 12m cash payment 20m freeride.. other advertising JV h1 2025 (bigger and less monkey work needed surrounded by Shell) and a Bahamas asset waiting license

Cash 10m

The Guayaguayare block is located onshore in south-east Trinidad. It is one of the largest onshore exploration and production blocks in Trinidad (approximately 306 km2), and is strategically and operationally synergistic with the Company's core Trinidadian production business, in that the Licence wholly encloses the Company's Goudron licence area, and is adjacent to the Company's Trinity-Inniss licence area.

The Company considers the Guayaguayare block to be highly prospective, being amongst the largest remaining underexplored / undrained contiguous onshore areas in Trinidad. Additionally, the block contains approximately 65 historic wells, a few of which are active, but most of which are currently shut-in / suspended / abandoned, and many of which the Company believes can be reactivated and serviced from existing operations, thus offering the opportunity for near-term production uplift at minimal incremental cost.

This license surrounds our Trinidad location and was recently granted to an American outfit

Them buying it would be very strategic to them

By the end of 2025

Imagine seismic done on both assets

Another JV on off3 big player similar or better terms to chevron

Planning drill locations and booking rigs

Probably 20m cash (if JV terms are similar)

Some kind of debt facility to drill or extra farm in?

She’ll is doing a $150m study in the block adjacent

And is the only non major spot

Your talking waffle 😂

Can’t forget CPX can not only manufacture supercapacitors but own most of the ip

2022

https://www.cap-xx.com/cap-xx-secures-continental-automotive-gmbh-as-tier-1-automotive-customer/

2023

https://www.lse.co.uk/rns/CPX/cap-xx-achieves-psw-from-continental-automotive-sg2k37oukkvu7qi.html

“Conversely, the CAP-XX sales pipeline continues to grow strongly and is currently over US$65 million. The timing of when these opportunities will translate into meaningful sales is dependent on many factors outside of our control. On average, we are finding that sales conversion for small projects or projects for smaller companies typically takes between 12 to 18 months, while larger volume projects or larger customers are typically 24 to 36 months“

Now

Sourcing Agreement with Continental Automotive GmbH, a Tier 1 automotive supplier, to provide CAP-XX DMT220 prismatic supercaps for one of Continental’s key automotive programs. The Sourcing Agreement for this design win covers the expected volumes for the model years 2024 through 2030.

https://www.continental.com/en/press/press-releases/20240423-cosma-e-class/

“Continental is supplying Mercedes-Benz AG with the complete CoSmA system comprising a central control unit, transceivers featuring ultra-wideband radio technology and intelligent software.“

#CPX capacitors in the new Mercedes would be interesting 🧐

Area off 3 is:

-Accelerating drilling (no need to acquire further seismic)

-potentially facilitates a JV with Shell

🤔

Also the last non major acreage, preliminary seismic due this month