Member Info for deeko

Also a small benefit but 600 STB of production should be heading to LBE in due course.

10k for a top up. If Vellocett doesn't identify reservoir or commercial gas then I'll get a very good price to watch the story unfold here on acquisitions over the next 18 months. If we do find decent commercial gas play, then I'll top up on anticipation of development or an asset swap.

Properly disappointing to be back below 30 but at least some of the weak have left the fold.

DNO - not OMV! a little awkward since they are partners in our assets haha.

Personally, I think there are so many unknowns at this stage that predicting the share price would be guessing. For me, the company is already worth multiples of the current Mcap so I'm just going to enjoy the ride until something tangible happens and then I'll reevaluate from there... The CEO has stated that the strategy is exploration, discovery for asset swaps to bolster production and revenue. Then continue exploration with revenue and develop into a full cycle exploration, development and production company.

JAPEX coming onboard has given me the confidence I needed to jump in with both feet. You're probably already aware but as a reference, the previous company that the board built got taken out by OMV at circa £700 million. Even a quarter of the previous performance is a 10 bagger from these levels.

For me this ones all about not getting taken out to early by a major player like Equinor

Was hoping to get another tranche at 25p, stupid really should have just bought at them regardless. Looks like I'll be paying a little higher.

$150 million available in total is it?.

For the right asset, which HH no doubt already has his eyes on and been reviewing, LBE could see exponential growth over the next 2-3 years. Ideal acquisition would be a late life asset (5 years from CoP) requiring capital investment to extend field life out to the mid 2030's. Producing in the region of 3-6 kboed, in a busy section of the NNS and slots available for tie backs. That would be game changing. But with 100+ million available, I really do feel LBE can pull it off. Remember, majors have infighting between assets, only the cheapest barrels get capital investment.

An old asset on the books of a major is a burden because, they're not competitive for capital which brings CoP closer but require massive capital if CoP is declared. That's why a lot of older assets are sold to smaller operators, because it would become our crown jewel and push out the majors commitment to Cop by maybe a decade.

That would fully cement LBE, base production. Exploration and production for discovery asset swaps! Should be a fun ride here.

Reminds me somewhat of when I bought into Serica at 10p and the message board had maybe 2 posts a week and the volume was a few 10'sk a day. GLA

Poor investor, Not at the mo. Just started researching this morning. It's been a few years since I've looked at IOG, I'll continue researching and over the next week or so before coming up with a decision.

Just researching IOG to see whether to add into my portfolio or not and one thing I can't understand is, how can a company be so bad at communicating technical data to the market.

All the production data is MMscf, rather than boe with a split breakdown. The company produced nearly 4000 boe last year and 2500 boe this year. But gives the market a production figure in MMscf and the price in therms. Use the same unit so the average investor can just punch numbers into a calculator. Apply to the masses for god sakes.

Southwark, what a mess those communications are. Well came online wet (1500 bbl water and 4.5 MMscf gas) at 450 psi flowing pressure via 1" coil tubing. The isolated the water, the well flowed at 2.5 MMscf (300 bbl) at a flowing pressure of 1150 psi (i.e. throttled right back with nearly triple the back pressure). Sounds like a complete failure to the market.

the market cares what the well can do with real production tubing and at a resonable back pressure. Now productivity isn't linear in gas wells but it sounds like the well could deliver much more if it wasn't restricted by the coil tubing and had real production tubing and was flowing at a reasonable back pressure. Tell the market that!

Insane value potential here, $100 facility and Japex onboard with a £16 million Mcap haha nuts. Here for the acquisitions but I'll stay for the exploration. I got the Faroe Energy shares stolen from under me with a hostile takeover, let's see if the board can build another multi 100 million company.

Serica is the company it is due to pure fluke. As someone that was in at 10p and sold at 140p. There was nothing phenomenal about the company after the BKR acquisition. After 5 years they still have the same assets... BKR, Erskine and Columbus. The exact same as when I sold. commodity price is the only reason for the current valuation and the BoD didn't plan for that. Outside of commodity price, it's was a pretty boring company with a pretty boring plan

Lol, TLW walk away and CNE has literally nothing other than cash. Can't even buy your own assets back with the cash pile left.

This just shows what a circus the Nigerian political system is. Emabrressing at best

Am I right in thinking Braveheart paid a huge dividend totalling £15 million then raised money via a placing? Anyone know the logic behind this?

just another day holding Tullow.

delayed by what, no official word from Tullow on spud date. Guyana Maratine administration suggest the 25th May with activities concluding on the 15th July.

Beebei-Patoro is 2x individual reservoirs in 2 separate geological periods. 60 day drill time estimate, 35-40 days on Beebei, 15-10 days on the Pataro?? Is it unbelievable that Beebei came in, they've logged the well, estimate STOIIP and have now moved onto Patoro... genuine question.

Logic suggests that it's a decent result given the kitchen has been identified, Karapa was a light oil discovery and the rig is still in field.

Atlantic spirit looks like it's back in field after a short trip to port! would love to be out there when the flare lights up!

over 60 days isn't it?

not to pee on your bonfire but cosmos bought 18,000 boepd for $550 when oil was at $70 per barrel. Still think the merger is nonsense and Tullow are better off without it

on a genuine view;

Beebei Patoro would have a CoS higher than 40% given it's derisked by Carapa-1 striking light oil in the cretaceous, issue being the reservoir at that location wasn't as developed as they expected. Beebei-1 is just an extension of Carapa. The static model would have been updated from the data gathered during drilling and the seismic amplitudes would be updated to distinguish reservoir from non-reservoir at the new drill location. CoS is likely 90%+ because they have the data to inform where they are drilling. Question is... the base case is 200Mboe but what's the downside? is the reservoir as developed as they expect based on the updated static model. if it's 40Mboe then 36Mboe discovery is non commercial (same as carapa)

Only time will tell

On another note, the longer it is until we find out, the more likely it is that it's a success since the'll be logging the well to identify STOIIP.