Member Info for DelBoi

I hold both LOGP and PVR and see both doing multiples from here. I also hold SLE.

Worth remembering, San Leon Energy on the 23 December 2011, assigned its 30% working interest in Standard Exploration Licence 1/11 ("Licence") Barryroe to Providence in exchange for a 4.5% NPI on the full field. San Leon Energy will not pay any further appraisal or development costs on the Licence and is not paying any costs towards the 48/24-10 well.

https://twitter.com/mgrahamwood/status/1316268459228045319?s=21

https://twitter.com/mgrahamwood/status/1316268459228045319?s=21

https://twitter.com/delboiaim/status/1313415729228767239?s=21

https://twitter.com/delboiaim/status/1313415729228767239?s=21

https://www.proactiveinvestors.co.uk/register/event_details/284

https://www.proactiveinvestors.co.uk/register/event_details/284

Yes Rocklawn, I’m one of the 6 ppl who took the seller out.

Yeah, it’s been holding us back for weeks. Those shares got picked up by a small supportive group of shareholders, should move from here now. Needs to rise 30% to be parity with PVR.

Just so your aware the the volume today was a seller being cleared by a group of existing and long term investors. The seller is now gone. So nothing holding us back.

PVR interm results tomorrow most likely....

I was just teaching you BF, glad to be of service. Most here are fairly well informed.

Great to see the SP reaction today.

I guess you’ll find out in a few short weeks.

Davy are not only the PVR in house company broker but also run a market maker on the book. If you checked the RSP you’d understand that. Happens across the industry, Chinese walls. it’s all part and parcel. You learn something new everyday BF!

Rocklawn, the stock has been NT to buy for most of the past 2 weeks, the occasional bit of stock that came up on offer was snapped up. There will be others who support me on this. In the end Davy had a line of stock but I had to call the market maker. Hardly making this up! Anyway Gluck.

It’s been impossible to buy stock in PVR for almost 2 weeks, I ended up having to call my broker to ask him to get onto the Market Maker in Davy. Finally got a 100k filled on Thursday at 2pm, 5.10p. Imo there has been a big buy order filled, hence the constant NT to buy, while the bid has been stacked.

Assuming a 50% F/O and development scenario RL (considering the make up of the consortium) 35mmboe x $5-$7 = $175m MCap * with further exploration upside

I’m not overthinking this, Imo there is no particular affinity to any one location. They have a very good understanding of the asset. Site K, most likely an area where they have done the most extensive analysis, OWC depths, GWC depths, correlation of data, sands and pressures from neighbouring wells. The asset hasn’t changed. This was probably the original marked location for a phase 1 development before TOR got lead astray by the allure of a Chinese 6 well, big money campaign. The consortium partners, Schlumberger in particular will probably have hands eyes on this, and like it. But no doubt they can and probably will drill any of those other sites.

1cagney if the management and the consortium favour early production over straight appraisal they may well be looking at reservoir locations where they can best complete the well with a production liner, potentially horizontally.

These guys are serious operators, best in the business. So you whatever direction they take, you can assume it will be the best one.

Mamms reading through the services each of these consortium members, you start to realise that this is the development team. Right through to platform construction and subsea infrastructure, it’s all there.

Not a conventional F/O approach by any means, but far superior Imo.