Member Info for FlagStaffIR

https://youtu.be/Xf9G3nOxtKc

https://www.investegate.co.uk/tekcapital-plc--tek-/rns/appointment-of-director/202001070700109112Y/

https://www.investegate.co.uk/ascent-resources-plc--ast-/rns/corporate-update/201912170700080597X/

Angus Energy
I noticed yesterday that Angus announced that the OGA had given its consent to the assignment of a 51% share in Saltfleetby Energy Limited’s interest in the Saltfleetby Field to Angus Energy who will also be exploration and production operator of the block.
It seems that a lot of the key work to reconnect the field is already underway such as reconnecting to the Theddlethorpe grid entry point, and coordinating long lead items. Angus has also hired Oilfield International to produce a CPR, hopefully available in Q1 2020 and is also in discussions with an oil major for a ‘multi-year annual off-take arrangement which is expected to be between 17-19m therms based on last known and reported production rates.
This is beginning to look like a potentially very interesting deal for Angus, paid $2.5m to take on the stake it seems to me that downside is very limited but potential upside is still substantial, after all if for any reason flow is difficult or uneconomic Angus has been given the money to cover the abandonment liability. (Two of the existing 8 wells will be subject to abandonment to reduce overall liability) The field has been built and kept in immaculate condition and if Oilfield International’s upcoming CPR suggests maybe 10-18 BCF on site then the upside is huge just by working the field over.
Angus admit in yesterday’s RNS that there are still quite ‘ a few hoops’ still to get over, not least OGA approval of the company’s FDP and planning approval for the change in setup of the site but I for one think that this one could be worth keeping an eye on.

https://www.brrmedia.co.uk/broadcasts-embed/5dc451b734a3cf1389e83af3/?popup=true

https://bcove.video/33tYPyj

The Company also confirms that it will be hosting a Capital Markets Day in London on Wednesday, 6 November 2019. To register for this event, please email Sophie.Nicoll@SeeingMachines.com and more details will be provided in due course.

https://bit.ly/32jbfIY

Apologies with you soon

Caspian Sunrise (CASP) – Corporate – Monthly Production Update
Market Cap £180m Share Price 9.9p

Caspian has announced that oil production amounted to 1,361 b/d in September, up 15.5% from the prior month. Two thirds of the production was sold by reference to international prices. The gross price for international sales was $55.5/b which compares to $20.5/b for domestic sales.

The increased production numbers reflect successful workovers at two wells. The company has indicated that more workovers are planned and most importantly that the 18 well infill programme at MJF is quickly advancing. The first six well sites are being prepared and the company is targeting the completion of its first three wells before year-end.

We see the MJF structure (based on a 10 km squared closure) valued a at $141m (5.9 p/sh) and we are excited to see the company moving forward to capture this value. We also see the company’s financial situation being transformed as from the present due to the change in the licence in respect of the MJF field to a commercial licence the benefits of which are seen in the monthly production update announced today.

Caspian Sunrise (CASP) – Corporate – Interim Results
Market Cap £185m Share Price 10.15p

Caspian Sunrise announced yesterday (at 9:03) that it is progressing operations at its deep wells. With the company cleaning up Deep Well 8 before formal testing and drilling ahead on the Deep Well A5 sidetrack, with a further 200m left before targeted depth is reached. Acid treatments are expected to go-ahead imminently at the Deep Well A6 after which it will be applied to the Deep Well 801.

Most importantly, the company indicated that it intends to drill 18 infill wells into the shallow MJF structure with its newly acquired rigs by the end of 2020 bring production capacity to circa 8,000 b/d, more than twice the previously announced guidance to reflect a more active drilling programme.

We estimate that the MJF structure will produce a total of 20.6 million barrels, which is a WHI estimate based on a structural closure of 10km2, which could increase with more appraisal drilling. Based on this assumption and a host of estimates, including a $60/b crude oil price assumption, we ascribe $141M of value to that structure which equates to 5.9 p/sh.

In our opinion, the company’s shallow assets continue to over-deliver relative to expectations whilst its deep assets have yet to deliver proof of their ability to produce oil at stable long-term rates, which is the underlying purpose of ongoing operations at the deep wells.

https://www.investegate.co.uk/angus-energy-plc--angs-/rns/shareholder-update-meeting-and-presentation/201909300700140416O/

https://uk.advfn.com/stock-market/london/ascent-resources-AST/share-news/Ascent-Resources-PLC-Notice-of-Investor-conference/80823927

Ascent Management will hold a conference call with investors in due course and will give shareholders and investors an opportunity to submit questions beforehand.

Details will be posted on RNS

Best

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Ascent Resources (AST) – Corporate – Half-year report and fundraise
Market Cap £7.4m Share Price 0.28p

Ascent Resources reiterated its intention to pursue both the commercialisation of the Petisovci field, which has been hampered by licencing decisions the company believes are unlawful, and to diversify across the region. In support of that effort, the company has this morning announced the successful completion of a £1m subscription at 0.275p amongst other related funding agreements.

Of particular interest the company has newly processed 3D seismic data that could generate conventional exploration targets in the Petisovci area. As a reminder, the company’s progress has been hampered by an inability to obtain licences to hydraulically stimulate its tight gas resource. Therefore, in our opinion, refocusing on conventional reservoirs in the area would reduce regulatory risks while allowing any discoveries to be tied-in to existing facilities.

All in, the half-year report reflects the known frustrations of the company to achieve its requisite permits. More interestingly, the company is now progressing a wider strategic assessment of its opportunities and we look forward to seeing the results of those efforts as new projects and opportunities to create value take definition.

I know and I keep pushing - just apologies for those very rude and offensive BBDers

Caspian Sunrise (CASP) – Corporate – Interim Results
Market Cap £198m Share Price 10.75p

Caspian Sunrise announced its interim results for the period ended 30 June 2019, which we will review in the context of a comprehensive asset and valuation update for the company. We believe the trajectory of the company remains positive and note that as of 30 September 2019, Caspian is licenced to export 70% of the oil from the MJF structure which stands to transform the company’s finances due to the significantly higher oil prices achieved in the export market.
Best

I appreciate your frustration and concern and only have FRR shareholders concern at heart. My link on the web site is hopefully to provide some continuity for Shareholders for the time that FRR may be in a position to update you all. Yes I am in the dark and no we haven’t been collecting or charging any fee since suspension.

I appreciate your frustration and concern and only have FRR shareholders concern at heart. My link on the web site is hopefully to provide some continuity for Shareholders for the time that FRR may be in a position to update you all. Yes I am in the dark and no we haven’t been collecting or charging any fee since suspension.

I appreciate your frustration and concern and only have FRR shareholders concern at heart. My link on the web site is hopefully to provide some continuity for Shareholders for the time that FRR may be in a position to update you all. Yes I am in the dark and no we haven’t been collecting or charging any fee since suspension.
Best