Member Info for Dicko80

"Majors in the area like Woodside/BHP, Exxon and Chevron are already investing heavily in their North West Shelf projects. Given the scale of the Sasanof prospect, a new discovery could lead to a takeover by major players already in the region, or alternatively it could be the “entry asset” for a major who is looking for a flagship project to get exposure to Australian gas.

In 2018, Japanese conglomerate Mitsui acquired AWE for $602M. AWE had a ~380 billion cubic feet (Bcf) proved resource, this transaction is a signal of the appetite internationally for Australian gas projects.
AWE had a net 2P resource of 410 petajoules (388 billion cubic feet), valuing the transaction at ~$1.5M per BCF of gas resource
Almost 18x the size of AWE’s resources, at the $1.5M per BCF number,

Sasanof would have a value of $11 BILLION p50(if it comes in)."

hxxps://catalysthunter.com/oil-gas/sasanof-companies/our-latest-investment/

Clon 10% share of P50 $11 billion

$1.1 billion

Current mkt cap £13m

Recap what's on offer

"world class" prospect

"high impact" wells of 2022

High Success rate around the area -The Equus Gas Project has a historic exploration drilling success rate of 88%, with 15 discoveries from 17 wells.

4 way dip closed structure with structural stratigraphic trap

updip and on trend to next door discovery at Mentorc field

Mentorc is expected to feed into Sasanof and is expected to be "filled to spill"

Sasanof is supported by DHI (DIRECT HYDROCARBON INDICATORS) with strong seismic amplitudes

"Through the licencing and reprocessing of 3D seismic in the area Western Gas has developed an exploration
portfolio of over 20 leads and prospects from Triassic, Jurassic and Cretaceous in age. These opportunities range from low risk Direct Hydrocarbon Indicator (DHI) supported Triassic prospects similar to many fields in the
region."

hTTps://www.westerngas.com.au/sites/default/files/Western%20Gas%20Sasanof%20Announcement%2020210709.pdf

multiple 3D Seismic surveys completed, all of high quality but the most advanced is The Glencoe 3D, the most technically advanced and important to note the Glencoe 3D was used on over 20 wells in the surrounding Equs Block , which had a very high success rate, so the data is considered excellent quality..

to add to this further ...

the Glencoe 3D was used for the discovery next door to Sasanof on the Mentorc field...

the Glencoe 3D identified the Mentorc field on seismic by having strong amplitutde as per Sasanof ..

But what makes the Glencoe 3D even more interesting...

subsequent analysis of the Mentor discovery showed flat spot amplitude & GWC within 1metre on Glencoe 3D....

P50 in place

24TCF & 1.1 Billion bbls of condensate

recoverable

7.2 Tcf gas and 176 Million bbls condensate

filled to spill recoverable

• 17.8 Tcf and 449 Million bbl - High Case (3U)

..................

Its interesting to note that Westerngas gave the Sasanof a 72% COS back in 2019

please see page 6

hTTps://www.westerngas.com.au/sites/default/files/Will%20Barker%2C%20Western%20Gas%20-%20LNGA%202019.pdf

mean 4.2

risked 3.1

How do they get 72% GCOS ?

Reservoir 0.9 x trap 0.9 seal 0.9 = .729%

That's right 90% Chance for all 3

............

Looks to have a lot in its favour at what can only be described as a MONSTER at 505km in size

cross section , side by side against Mentorc discovery

page 3

hTTps://www.westerngas.com.au/sites/default/files/Western%20Gas%20Sasanof%20Good%20Oil%20Final%20070921.pdf

.........

Presentation by Alex Parks MD of one of our partners on the drill, prominence energy

"It's gona be huge"

https://www.youtube.com/watch?v=CUyihbF1D-g
.......

Event of success

If the drill is successful, we expect the plan will be to sell the project to one of the energy majors already operating in the North West Shelf - or potentially be an asset that would attract a new major onto the NW Shelf."

"Majors in

Game on

....Shelf."

"Majors in the area like Woodside/BHP, Exxon and Chevron are already investing heavily in their North West Shelf projects. Given the scale of the Sasanof prospect, a new discovery could lead to a takeover by major players already in the region, or alternatively it could be the “entry asset” for a major who is looking for a flagship project to get exposure to Australian gas.

In 2018, Japanese conglomerate Mitsui acquired AWE for $602M. AWE had a ~380 billion cubic feet (Bcf) proved resource, this transaction is a signal of the appetite internationally for Australian gas projects.
AWE had a net 2P resource of 410 petajoules (388 billion cubic feet), valuing the transaction at ~$1.5M per BCF of gas resource
Almost 18x the size of AWE’s resources, at the $1.5M per BCF number,

Sasanof would have a value of $11 BILLION p50(if it comes in)."

hxxps://catalysthunter.com/oil-gas/sasanof-companies/our-latest-investment/

Clon 10% share of P50 $11 billion

$1.1 billion

Current mkt cap £13m

Some light bedtime reading for you katiegos

"world class" prospect

"high impact" wells of 2022

High Success rate around the area -The Equus Gas Project has a historic exploration drilling success rate of 88%, with 15 discoveries from 17 wells.

4 way dip closed structure with structural stratigraphic trap

updip and on trend to next door discovery at Mentorc field

Mentorc is expected to feed into Sasanof and is expected to be "filled to spill"

Sasanof is supported by DHI (DIRECT HYDROCARBON INDICATORS) with strong seismic amplitudes

"Through the licencing and reprocessing of 3D seismic in the area Western Gas has developed an exploration
portfolio of over 20 leads and prospects from Triassic, Jurassic and Cretaceous in age. These opportunities range from low risk Direct Hydrocarbon Indicator (DHI) supported Triassic prospects similar to many fields in the
region."

https://www.westerngas.com.au/sites/default/files/Western%20Gas%20Sasanof%20Announcement%2020210709.pdf

multiple 3D Seismic surveys completed, all of high quality but the most advanced is The Glencoe 3D, the most technically advanced and important to note the Glencoe 3D was used on over 20 wells in the surrounding Equs Block , which had a very high success rate, so the data is considered excellent quality..

to add to this further ...

the Glencoe 3D was used for the discovery next door to Sasanof on the Mentorc field...

the Glencoe 3D identified the Mentorc field on seismic by having strong amplitutde as per Sasanof ..

But what makes the Glencoe 3D even more interesting...

subsequent analysis of the Mentor discovery showed flat spot amplitude & GWC within 1metre on Glencoe 3D....

P50 in place

24TCF & 1.1 Billion bbls of condensate

recoverable

7.2 Tcf gas and 176 Million bbls condensate

filled to spill recoverable

• 17.8 Tcf and 449 Million bbl - High Case (3U)

..................

Its interesting to note that Westerngas gave the Sasanof a 72% COS back in 2019

please see page 6

https://www.westerngas.com.au/sites/default/files/Will%20Barker%2C%20Western%20Gas%20-%20LNGA%202019.pdf

mean 4.2

risked 3.1

How do they get 72% GCOS ?

Reservoir 0.9 x trap 0.9 seal 0.9 = .729%

That's right 90% Chance for all 3

............

Looks to have a lot in its favour at what can only be described as a MONSTER at 505km in size

cross section , side by side against Mentorc discovery

page 3

https://www.westerngas.com.au/sites/default/files/Western%20Gas%20Sasanof%20Good%20Oil%20Final%20070921.pdf

.........

Presentation by Alex Parks MD of one of our partners on the drill, prominence energy

"It's gona be huge"

https://www.youtube.com/watch?v=CUyihbF1D-g
.......

Event of success

If the drill is successful, we expect the plan will be to sell the project to one of the energy majors already operating in the North West Shelf - or potentially be an asset that would attract a new major onto the NW

Hi BigEarl,

rumour has it will be sold to a major

"If the drill is successful, we expect the plan will be to sell the project to one of the energy majors already operating in the North West Shelf - or potentially be an asset that would attract a new major onto the NW Shelf."

"Majors in the area like Woodside/BHP, Exxon and Chevron are already investing heavily in their North West Shelf projects. Given the scale of the Sasanof prospect, a new discovery could lead to a takeover by major players already in the region, or alternatively it could be the “entry asset” for a major who is looking for a flagship project to get exposure to Australian gas.

In 2018, Japanese conglomerate Mitsui acquired AWE for $602M. AWE had a ~380 billion cubic feet (Bcf) proved resource, this transaction is a signal of the appetite internationally for Australian gas projects.
AWE had a net 2P resource of 410 petajoules (388 billion cubic feet), valuing the transaction at ~$1.5M per BCF of gas resource
Almost 18x the size of AWE’s resources, at the $1.5M per BCF number,

Sasanof would have a value of $11 BILLION (if it comes in)."

https://catalysthunter.com/oil-gas/sasanof-companies/our-latest-investment/

Presentation by Alex Parks MD of one of our partners on the drill, prominence energy

https://www.youtube.com/watch?v=CUyihbF1D-g

Its interesting to note that Westerngas gave the Sasanof a 74% COS back in 2019

please see page 6

https://www.westerngas.com.au/sites/default/files/Will%20Barker%2C%20Western%20Gas%20-%20LNGA%202019.pdf

mean 4.2

risked 3.1

"world class" prospect

"high impact" wells of 2022

https://ihsmarkit.com/research-analysis/2022-high-impact-well-report.html

High Success rate around the area -The Equus Gas Project has a historic exploration drilling success rate of 88%, with 15 discoveries from 17 wells.

4 way dip closed structure with structural stratigraphic trap

updip and on trend to next door discovery at Mentorc field

Mentorc is expected to feed into Sasanof and is expected to be "filled to spill"

Sasanof is supported by DHI (DIRECT HYDROCARBON INDICATORS) with strong seismic amplitudes

"Through the licencing and reprocessing of 3D seismic in the area Western Gas has developed an exploration
portfolio of over 20 leads and prospects from Triassic, Jurassic and Cretaceous in age. These opportunities range
from low risk Direct Hydrocarbon Indicator (DHI) supported Triassic prospects similar to many fields in the
region."

https://www.westerngas.com.au/sites/default/files/Western%20Gas%20Sasanof%20Announcement%2020210709.pdf

multiple 3D Seismic surveys completed, all of high quality but the most advanced is The Glencoe 3D, the most technically advanced and important to note the Glencoe 3D was used on over 20 wells in the surrounding Equs Block , which had a very high success rate, so the data is considered excellent quality..

to add to this further ...

the Glencoe 3D was used for the discovery next door to Sasanof on the Mentorc field...

the Glencoe 3D identified the Mentorc field on seismic by having strong amplitutde as per Sasanof ..

But what makes the Glencoe 3D even more interesting...

subsequent analysis of the Mentor discovery showed flat spot amplitude & GWC within 1metre on Glencoe 3D....

P50 in place

24TCF & 1.1 Billion bbls of condensate

recoverable

7.2 Tcf gas and 176 Million bbls condensate

filled to spill recoverable

• 17.8 Tcf and 449 Million bbl - High Case (3U)

................................

Looks to have a lot in its favour at what can only be described as a MONSTER at 505km in size

cross section , side by side against Mentorc discovery

page 3

https://www.westerngas.com.au/sites/default/files/Western%20Gas%20Sasanof%20Good%20Oil%20Final%20070921.pdf

on a success case 10% interest

p50 - $2.50 boe

$300m mkt cap4

filled to spill $2.50 boe

$750m mkt cap

current mkt cap c£10m

Love your updates Oldblue, keep em coming ;-)

https://www.vesselfinder.com/vessels/VALARIS-MS-1-IMO-8770314-MMSI-636018352

Expected Sunday

cross section , side by side

page 3

https://www.westerngas.com.au/sites/default/files/Western%20Gas%20Sasanof%20Good%20Oil%20Final%20070921.pdf

"world class" prospect - Sasanof

filled to spill estimates

• 17.8 Tcf and 449 Million bbl - High Case (3U)

interesting to note , Equus Gas project - first gas planned for 2024

https://www.westerngas.com.au/sites/default/files/Equus%20Gas%20Project%20-%20Project%20Update%20September%202019.pdf

4 way dip closed structure with structural stratigraphic trap

updip and on trend to next door discovery at Mentorc field

Mentorc is expected to feed into Sasanof and is expected to be "filled to spill"

Sasanof is supported by DHI (DIRECT HYDROCARBON INDICATORS) with strong seismic amplitudes

multiple 3D Seismic surveys completed, all of high quality but the most advanced is The Glencoe 3D, the most technically advanced and important to note the Glencoe 3D was used on over 20 wells in the surrounding Equs Block , which had a very high success rate, so the data is considered excellent quality..

to add to this further ...

the Glencoe 3D was used for the discovery next door to Sasanof on the Mentorc field...

the Glencoe 3D identified the Mentorc field on seismic by having strong amplitutde as per Sasanof ..

But what makes the Glencoe 3D even more interesting...

subsequent analysis of the Mentor discovery showed flat spot amplitude & GWC within 1metre on Glencoe 3D....

P50 in place

24TCF & 1.1 Billion bbls of condensate

................................

Looks to have a lot in its favour at what can only be described as a MONSTER at 505km in size

In comparison I think you need to factor in the size of the prize aswell phoebus

I would say a lot more upside for CLON

Tried numerous times under .40, very difficult

Looks like trying to contain sp

Thanks hillbilly I'll put yesterday's RNS in layman's terms

Cameroon licence that was due to expire this month has now been extended a year

Within this license there is 88mmbls oil assigned with an 80% COS (chance of success)

A further 111mmbbls of potential resources

And a further **** load from much deeper plays but no numbers in the public domain asof yet

With high oil price descovcan be valued at $5 per bbl

On successful DST $10 per bbl

Once into production valued on a discounted cashflowbasis

Cameroon is quick turnaround as stated in yesterdaysRNS early production, we are talking 6 months

But where as we were DILUTING our 100% ownership to 51%

We are now getting funding from banks so shareholders won't be DILUTED by 49%, TRP will now keep a bigger %

Reminder phase 1 production 8000 bopd

8000 x365x 106

$306m

51% $154m per Yr toTRP

75% $226m per Yr TRP

So as stated yesterday "Cameroon to produce millions of barrels of oil"

And now we are getting a bigger slice of this cash cow
. Mktcap £5m

LOL

Then Namibia and SA

HOT HOT HOT

£5m mkt cap

LOL

Strong BUY

How much money has asher got riding on TRP ?

A ridiculous amount !!

Looks like a perfect storm brewing with catalysts on Cameroon, SA & Namibia

And let's not forget we get 25% free ride if GBP farm out on their drill ready welwitschia deep that overlaps our licence area

Yes saw that but this tweet by a geolist shows a map of offshore Namibia with the acreage that has the same play types as Venus and Graff discoveries

TRP are obviously on the map he's presented

"Multiple leads ranging from 250mmbls to 686 mmbbls"

Interesting tweet from a geolist

Regarding rumours regarding ExxonMobil looking to expand their presence in Namibia

https://mobile.twitter.com/search?q=%23trp

Full post on LinkedIn here

https://www.linkedin.com/posts/jamie-vinnels_namibia-exploration-production-activity-6928939283051401216-X21U?utm_source=linkedin_share&utm_medium=android_app