Member Info for Foresight22

100/37MMBO x 45p = 122p. (?)

It’s might be $15/BO OPEX - but with old assets need to factor in additional $15-25/BO ABEX (abandonment costs) - plus they are finishing off CoP SNS abandonment. CoP sold separately some of Clair to bp so less assets in basket than in 2015. With Shell acquisition - there was an additional $1 billion payment if oil price increased - which it did. So those assets were really expensive! on top of being expensive. If oil price falls below $60/BO next year then could be a millstone... Chrysaor seems to have very deep pockets - but - who will they sell on too - how do they exit?

Good deal for ConocoPhillips, that what they wanted for those assets in early 2015!

https://youtu.be/FkNwhbyiA4Y?t=19

They are not fishing all day (?), only AM.

Just a dream.*) ...still fishing.

Good chat today - everyone! At least BB quality helped by bland RNS... glad someone noticed when the drill bit first turned to 'make hole', at least they were not 'fishing from helideck' like AM. SP clearly not affected by getting massive carry on three wells! onwards to FF and FOIL...

...another fully funded experimenter, one to watch as limited upstream ‘winging it on wax’. Downstream genius.

RNS says it all, HUR is obviously now fully funded to deliver Dr T’s 2019 new experiments. Geologists love their rocks - especially when it’s fully funded! HE obviously now totally inward focused to delivery on their 2019 goals to their new partner and large shareholders. RNS clearly was not to create new minor shareholders to come on board! SP reflects AIM shares based on 1P reserves with marginal risking as no First Flaring (FF) nor (HE commercial ‘contraction’ term) FOIL leaving AM. 2C resources seem to be more radio noise to SP. When Dr T delivers on 100 MM BO reserves ‘claim’ that will be when HUR is most vulnerable to takeover.

Kerogen will hang in to the end (LT hold) with HUR as they need to recoup/pay for Cuadrilla expenditures with no exit possible there, with years ahead on limited (un)economic shale gas.

...interesting find on Capital Group, PT51. They seemed to be have been only very small investor - but - may explain some of recent larger 'sells'. HUR being an unconventional reservoir (not play) will not be everyone's barrel of whisky, at least their investment has paid to de-risk the EPS facilities before departing. De-risking Reserves (next phase) however, to me, is less risky than raising the current investment, putting and installing the current kit, (in unconventional reservoirs) oil production in short-'medium' term is secured by the demonstrated WTing of the two tied-back horizontal producers. Long-Term Reserves however depend on locating the 'sweet spot(s)' - hence bespoke nature, not for everyone -- particularly if you don't understand or feel comfortable with the technical insight & wisdom going forward.

We should thank Capital Group for their contribution in de-risking the facilities, as we sail on regardless...

...wonder if they are trying to pick up downhole gauge data - did HE run that system?

Grampian Dynasty over subsea wells? 60.2 -3.86

4p again - well done the market, onward and upward! at least someone knows... what (?) - we will be told soon. Good Day!

AM on location now for four weeks! Fishing from helideck? Seems lots of boats in area - seagirl watching? ...sorry -- drunk on radio noise.. too long at sea...

Grampian Dynamic seems to be over Lancaster Subsea Wells, is that correct positioning? 60.2 -3.87, or is it a coincidence..

Buy's & Sell's firming UP!... any new 'radio' news coming down the pipes?

RNS on Warwick Deep Spud
...looking forward very much to RNS, signals start of final work to fully appraise the HE Fractured Basement WoS - 3 new wells paid for by Spirit, delivering new information, new resources and leading to new HE reserves once OGA approve another EWT next year -- post these new 'experiments' being incorporated in HE Reservoir Models - static and dynamic. Learnt early from Explorationists to celebrate the 'Spud' - but only small exploration content in these wells - deep learnings from more Appraisal - so reasonably certain of HUR SP benefits too by end of this programme, maybe sooner. The fact that the SP does not recognize this significant 'free rider' new work, predominantly, appraisal programme to HUR - shows how important certain or 'true' reserves only seem to carry current day SP merit. With AM only providing investors currently with 'radio' snores (WEEKS now on location with still no flaring!) - RNS on Warwick Deep Spud will certainly be very welcome!

...depends on how successful Lancaster EWT goes. Certainly many more reasons too preform better HUR SP than currently (read Sunday Times 7th April 2019) - very quickly; also a few outcome/reasons why not. This is LT share hold; do hang around and find out!

Health Warning
All Companies which issue shares have Market Valuations which go up & down...

SP often confusing due to the long periods without true facts. We did get official news with Warwick Deep rig movement today which should support SP as Spirit paying. Sunday Times article was (to me) positive that HUR is just currently trading 'within a range'. The buoy landed several weeks now with still no flaring news - which has given support to extent of current trading range... HUR by nature is a long term 'hold' share - not Premier (affected by oil price) or UKOG (spiky hybrid resource play). SP growth needs AM tangible action! - not just occasional 'radio' noise.

“hard, brittle rock” seems more than just press lingo? Basement is hard - very high UCS & brittleness causing good fracture network. Use of ‘friable’ would be geologic lingo, so source for story seems to be from engineering community. Engineers are hopefully tie-ing back the wells — so they should know best on most likely activities this week(?)...

Local source for ST story seems also most likely as comparison to George Mitchell - bit far off as George created new Shale Gas Industry emerging in North America post 2004; Masila Block already produced >1 billion BO from Yemen Granite Basement rocks (FOIL July 1993) so Basement Production not new industry at all!