Member Info for Dicko80

yes looking like a tick up

backed up with news will see us much higher

you need to understand, when this 10 bagged to 2.5p the mkt cap was £10m

today @ 1p the mkt cap is £15m

Managed a couple of chunks under 0.075 this morning1

Happy to be aboard Captain

Looking forward to 3D update ..

Who doesn't like 100m gas column compared to 25m

:)

where is the bottom ????

now 7p to buy

looks good entry point

NPV $760m up 150% based on selling price $1060

"In April 2022 BMR confirmed sale price $3510"

Just looking in carrying out DD...

cant see cash costs per t, anyone know ?

TIA

Thanks guys

So what's thoughts on Tanzania?

Will they sell or secure finance ?

Hi

Just carrying out DD

Trying to locate the costs of the drill at CH1, does anyone know this ?

25% to find of this ?

greenbox

Ridiculous

0.5 - 0.7

Depends if they aggresively sell

.50 could be on the cards

I can't see them getting £80m, too much risk for someone that

£10m maybe

She looks ready to move , just needs a bit of volume

Correct

https://hotcopper.com.au/threads/sasanof-1-drilling-update.6769522/

It's all about the data

Data is excellent quality

BIG BIG Tick

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

5.15 - 5.30mins

"top end of estimates"
(17.8TCF & 449mmbbls)

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

Page 6 Sasanof

Mean 4.2

Risked 3.1

Internal view of westerngas risked 3.1 vs 4.2

(4.2-3.1)/4.2*100 = 26.19%

100-26.19 = 73.81% COS

Trap 90%
Reservoir 90%
Seal 90%

.9x.9x.9 = 72.9%

To put this into perspective appraisal wells of discoveries are 80%

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

Page 3

"Mentorc was discovered in 2010 and opened up the play within the topsets of the top Lower Barrow Group. The field consists of multi Darcy (> 10 Darcy) and high porosity (average porosity 27%) reservoir sands that are over 100 m thick and contain a 60 m gas column.
The field was identified by strong amplitudes on the Glencoe 3D
seismic survey.

*Subsequent analysis showed the flat-spot amplitude cutoff and gas water contact correspond to
within 1 m* (Glencore 3D sesimic is very clear, precise and within 1metre)

"Glencoe 3D is considered excellent quality"

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

6mins

"Woodside have publicy stated they are looking for gas projects in NWS"

Woodside petroleum have a mkt cap of $30 billion

To conclude

Sasanof sits on trend and undip of Mentorc , that was filled to spill, so the overspill of gas and condensate have a clear migration pathway to travel to Sasanof, the 3D has identified the same strong amplitutde anolomies as mentorc , which was very accurate data within 1metre on seismic the prize is huge and if present estimates predicted to be top end , so potentially could be $25 billion on a pro rata basis with P50 $11 billion, its been said on record , they want to monetise if a discovery and Woodside with a $30billion mkt cap have publicly stated they are actively seeking gas for the NWS

This IMO is a life changing opportunity

Arrived& anchored !

https://mobile.twitter.com/hashtag/clon

Should be arriving on location about now

Come on CLON !!

Bring it home !!

Hi cash

It's a new licence with no previous exploration ,mentorc is inthelicence next door

Click on my name,lots of links on previous posts

100% confident

nothing has changed

When you have a seller all fundamentals are out-of the window , but what it does is create a buying opportunity

In terms of the drill , I'm not sure the average PI understands the drill, its not your standard wildcat exploration drill, these can be under 10% COS

With our drill yes it's exploration but the risks are proven in the basin

Seal
Trap
Reservoir
Charge

It's all in place

But the play here is there is a discovery downdip to Sasanof , which was filled to spill

So what that means, the structure at Mentorc was filled with gas and condensate and then the hydrocarbons spilled out of the Prospect and migrated elsewhere

Generally they migrate updip to the next trap

So with confirmation mentorc is downdip and filled to spill and sasanof is updip of mentorc , the theory is all the gas and condensate has travelled updip to Sasanof and trapped there

The risk is seal- if the seal isn't present at Sasanof the gas and condensate will have migrated elsewhere but as we have been told they know where the gas isn't as stated on the clon interview shared today, but could well be updip at sasanof

The data from Glencoe 3D that found mentorc and all the other discoveries close by, is the strong amplitutdesand DHI, which have also been identified at Sasanof on the data which suggests the gas and condensate has migrated there