Member Info for Dicko80

An RNS stating 14% helium found might do the trick 💥

Thanks Scott, it makes sense to drill the next appraisal well closer as there is only 1 well drilled in the reservoir , so a great deal of work is required to understand the reservoir characteristics and and jet#2 will give valuable data on porosity/permeability, connectivity between wells. If you look at the seismic there is a pointy a section too and bottom that does show over a much larger interval than jet#1 I think this is the location as it’s very similar reservoir potential as the original planned jet#2, so less risk with it being closer to jet#1 but potential similar to appraise full thickness

https://s203.q4cdn.com/212931576/files/doc_presentations/2024/Nov/04/Pulsar_corp_deck_NOV24.pdf

350m away I’d say is the section with the pointy top and bottom and the reservoir looks to cover same sort of distance as the previously proposed 2nd well

Page 13 seismic

https://s203.q4cdn.com/212931576/files/doc_presentations/2024/Nov/04/Pulsar_corp_deck_NOV24.pdf

The 2nd well looks to be over a mile away according to seismic page and scale at the bottom of the cross section showing distance across the section

https://s203.q4cdn.com/212931576/files/doc_presentations/2024/Nov/04/Pulsar_corp_deck_NOV24.pdf

RNS stated drilling was going “extremely well”, this 3 days into drilling …. continuation of helium reservoir

https://www.lse.co.uk/rns/PLSR/pulsar-drilling-commenced-at-topaz-project-abukoi856rlxlj1.html

Well yes, because they’ve only drilled into the top of the reservoir , it’s going to be an interesting and exciting few weeks

Looking at the seismic , the current well is located at the edge of structure so not optimal position to intersect the full thickest part of the reservoir, which will be the next well to be drilled straight after

The fact that they found helium at such phenomenal grade 14% and at such high up in the well only c500m depth bodes well for drilling deeper but even more so for the next well which is anticipated to drill full reservoir in optimal position from 600m to 2200m , 1600m potential pay zone, much deeper , into the basement , grade could be even higher than 14%, with thicker pay would come better flow rates

They refer to the reservoir as “scaleable” , what they mean by this it runs something like 1.5miles x 1m so they can drill at 15m spaces into the reservoir and scaleable up production with numerous wells 15m apart along the 1.5 x 1mile

I read an article it was $1.5m per well , it’s onshore and top of reservoir at 500-600m depth to 2200m so cheap to drill with potential returns per well quite staggering , liquid helium $1100mcf , just from the previous info which will no doubt be revised based on the new flow rates , your looking at $30m per annum per well

Using 875mcf x 9% grade x $1100 x 365days

$31.6m

Think FDP, field development plan …

PEA will be interesting reading

The potential for this to go world wide with news coverage , if the seismic proves to be correct

GLA

0.045

That’s not answering my question.

Anyone put any ballpark on these that are mentioned ?

Https://money.tmx.com/en/quote/PLSR/key-data

Can$ 0.56 to £

Yes the “deal” was in project updates signed framework by Patrick, this is what AB talks about in some of his interviews , the scale of it and Patrick asks why pursue the money owed when this project is so vast

https://www.lse.co.uk/rns/RRR/update-of-major-interests-follow-up-kfiwsaeuo3lrcvg.html

If you get asked to attend such a meeting especially over such a period as Christmas holidays, a time when one should be with family, it’s obviously a big deal for both and for those asking for proof that photos would be all over C , he’s already stated previously that no can do

If all parties have agreed, AB stated the other side agreed settlement privately , RRR have received draft agreement , it’ll be sorted just Africa these things take time , hopefully the last bits have been addressed and news to confirm in due course

To be £100m mkt cap we’ll need a lot more than that risky, we’ll need 2p reserves and producing 4-5kbopd net

Ref - GBP farm out is only relevant to us if they decide to drill the w deep prospect , but remember we also have to give up percentage of our licence area , based on our basin modelling this prospect isn’t prospective for accumalation and trapping hydrocarbons , so would the company give up this area ? Will be interesting to see how this develops

In regards Cameroon , the sp is suggesting a signed Farm out may be close , the jungle drums have been banging loud for a few weeks, although frustrating it is taken so long, expect further delays as it will require sign off by Cameroon authorities and also grant an extension to our licence which is due to expire early feb

Then the rig needs confirming and mobilisation…

Just not going to happen overnight and I wouldn’t be surprised to see a April/May spud

The main thing is we get a farm out , it gets approval along with an extension of the licence

2-3 year hold

🤞 🤞🤞

Tsx is primary exchange its trading at 39p over their and only 29.50p here.

Its a no brainer.

…….

Mkt cap you need to look at

Anyone know the potential increase to P50 if deepening of the well is successful?

This morning …

So much valuable time to wasted, strange behaviour when one doesn’t hold any shares

https://x.com/i/broadcasts/1vOxwrkaavoJB

@sharedycat1

·

20h

@ABell2019

slightly confused about the schedule. Do you still have a meeting with

@FelixUdps

to resolve the historic payment issues so we can then focus on the new opportunities in #DRC.

It has to be in this order to maintain the backing of your shareholders!

@RRR_RedRock

#RRR

Andrew_Bell2019

@ABell2019

·

58m

Don't worry about the schedule and don't worry about the order.

The convoy sails together and every ship in the convoy will come to port.

Andrew_Bell2019

@ABell2019

But yes, meeting occurred as planned

1:16 PM · Jan 1, 2025

·146 Views

Https://x.com/ABell2019/status/1874444573638033922?t=6q-dzivOQqLfd8rSciH06A&s=19

Sharedycat 😺

@sharedycat1

·

20h

@ABell2019

slightly confused about the schedule. Do you still have a meeting with

@FelixUdps

to resolve the historic payment issues so we can then focus on the new opportunities in #DRC.

It has to be in this order to maintain the backing of your shareholders!

@RRR_RedRock

#RRR

Andrew_Bell2019

@ABell2019

·

58m

Don't worry about the schedule and don't worry about the order.

The convoy sails together and every ship in the convoy will come to port.

Andrew_Bell2019

@ABell2019

But yes, meeting occurred as planned

1:16 PM · Jan 1, 2025

Congratulations on your YouTube channel BSR

You must be very proud

Singapore

Thanks for that Ninja

Clear results, highlighting the oil seeps clustered right above on top of the structures in our licence area

Understanding the Active Petroleum System in the northern Walvis Basin

hTTps://www.linkedin.com/pulse/understanding-active-petroleum-system-northern-walvis-rushworth-qp7ye?utm_source=share&utm_medium=member_android&utm_campaign=share_via

Big big structures

Multi Billion bbls potential prospects

Gas chimneys

DHI's

All indicating a working hydrocarbon system

hTTps://youtu.be/9l1RyD5Sjqo?si=Mx9-Vcn04g2QkFtT

Latest information is we are now being told the licence area is even more prospective for hydrocarbons

Newly identified stratigraphic traps and large anticlines never been looked at previously, adding further potential to the already billions and billions of bbls of potential

No shortage of interest , lots of parties have reached out to tower expressing interest and discussions continue along with work on additional leads to turkey understand the sheer size of the licence potential