Member Info for Ducatti

Before Q2, or licenses could be revoked.

Looks like we may return back down to where we left off... Not much volume in the last 3 days.

Yes wonderer we are aware, pereneco or premier released last month(or so) that the status is to be kept secret.

Would be far better venting your posts to https://sforeporting.egressforms.com/ Even if you don't feel like documenting in depth(although it would be better), the more complaints they receive eventually they may take some notice that something maybe going on.

Also congrats on the tanzania issue being resolved, I would have felt sick after hearing about the halt w/ an investment size like yours... you must be relieved.

Graham, Thanks for the reply. I have also followed SHG since around early 2016. Aside from the unfair treatment due to the gov, SHG does have issues with regards to placings... I recall twice over the past 2 years they have done some and its not ended well. buyin at 7p only for a placing at around 5p...(if memory is correct) Anybody know what the future holds w/ regards to that?

GrahamBarnes - out of curiosity why do you choose to stick with SHG over the many others?

Yes elliot it makes you wonder... @riddler - i'll be holding. @limited - you traded this well over the past so good luck with it. Does seem like a suspicious rise...

Wouldnt Premier and/or Perenco be more likely than BP? Cant recall precise figures but BP partnered with those to drill Ravenspurn. Personally I think it will be Ineos due to the bigger recent buying and N.S presence. Second would be Premier or Perenco.

16:51 - 110p - £159k not a UT trade... interesting

Its the MM,s trying to encourage buys and sells... In < 6 months we should have news of a farm in partner, so today's SP isn't too important overall.

What a little rat scumbag John Kennedy is. He was happy to fleece the £100k salary, but as soon as its gone u his true beliefs and his scrounging for any money he can get from the company. Rodent

Anybody know of some similar companies in the past that were in a similar position to CLNR?

Thanks for the breakdown wonderer. I would have thought there would be some strong indicators(as we have not drilled yet) for gas for it to be declared as GIIP.

Thats a handy site wordog. "Proven reserves : Those reserves which on the available evidence are virtually certain to be technically and economically producible (i.e. having a better than 90% chance of being produced)." Schlumberger GIIP "gas initially in place, the volume of gas in a reservoir before production. " It looks that proven reserves has more to do with the efficient accessibility of the gas than the actual gas being there... Also "P90, P50, P10 are often used in place of 1P, 2P, 3P. P50 represents the quantity for which there is a 50% probability the quantities actually recovered will match or exceed the estimated recovery value. The same definition applies to P90 (90%) and P10 (10%)." If the 2.4TCF is P50, doesnt the info above mean we can only Match the 2.4TCF or exceed it? in which case we could end up with more than 60% of UK total gas reserves? CPR also stated CLNR P10 is 6.2TCF

wordog - At what point does GIIP become proven and then become classed as a reserve? The way I understood the excerpt is that Breagh has proven 600-700BCF zone, which would work out to 15% of total UK gas reserves. I expected gas must be taken from the ground and put into a separate reserve, but perhaps once you have it "proven", the current location(ie under the sea) it sits is classed as a reserve?

The fields in the map posted below - Breagh(Ineos) and Cygnus(Neptune & Cenrtica) contain proven 600-700 BCF and are the two largest fields in the Carboniferous Zone and account for 15% of total UK gas reserves. To put it into perspective, CLNR contains 4x that figure at 2.4TCF - IE 60% of total UK gas reserves.

£13k Buys vs £7k Sells today.

Reposting for anybody curious to CLNR's license positions & proximity of our neighbors https://s33.postimg.org/k7xpza64f/Clnr_Fields.png

Highest it's been in 3 months. 2.45p seems to be an important level, wonder if we can break it today.