Member Info for Gamflin

SPC, you should remember that exploration is a liability until proved successful, and the SP wil be set by hundreds if not thousands of individuals.

Sp100, it rather depends on where you are in your life cycle 30 years ago I’d have probably done the same. Gla.

Dana, you definitely are the winner, I’m in awe at your performance this year I don’t think I’ve ever achieved a 500% gain in a single year
I’ve considered adding here but overweight already and although my instinct is to buy My rationale stops me even though I’ve ample funds available which currently don’t have a home whereas you’re adding again.
You do realise that the rest of this board are charging you with arranging the Trinidad trip after the buyout where PB must me present.

Ha ha Dana I’d forgotten about the race, but as you suggest it’s all over. However you’ve made no secret of your 100k(shares) purchase here , is it really over, it’s been pointed out to me on many occasions When I’ve complained of being stitched up that’s it’s the best thing that could have Happened buena suerte.

Never been one for property myself too much hard work.
Last word on TILS the ceo sold his last venture for over $2bn.... $3bn would be a 10 bag from here and the current sp easily under pinned by StemPrintER. Adios.

I thought you were going to buy a flat?
I don’t give advice but I have moved 5% of my RRE into Tiziana ( TILS) as always DYOR. GL.

Seeing those pipes reminded me, I mailed the company asking about the inclusion of condensate in the purchase agreement and it’s most likely route to market but alas no response it’s been four days now so .....
Not sure that it makes much difference in the grand scheme of things,I know raw gas and condensate are going to be piped from Arran and Cavendish to shearwater for processing but this is Trinidad perhaps one pointer is that Shell built their own processing facilities.

Hi Dana, comments Appreciated, many export pipelines operate at high pressure and gas is liquified in addition the roads they built to access the drill site would need a significant upgrade to cope with the wet season,bottom line is though I don’t really know. If I get sometime later I might e mail and ask.

SP100, I’m guessing the liquids ( Casadura) will go directly into the nearby pipeline with the gas, Therefore it would make sense to try and get a sales agreement for it. Given the amount of liquid processed on the island I’m sure this will be the case.
Incidentally although we’re all awaiting the reserves update the sales agreement might be more of a market mover.

I can probably clarify it for you in a non technical way 1TCF +condensate would be your wildest dream at this stage. If the next two drills are successful you start to consider it a realistic possibility which would probably value your shares somewhere between £3 & £5 in a buyout scenario.

Photo, is that 1 TCF + liquids? Because although the condensate only represents 16% of the test results if replicated in production would account for 40% of revenues,somewhat overlooked on this board i feel.

Dana, absolutely agree, even at current commodity prices our hedging, pipeline tariffs and reduced capax Leave plenty of room to continue the “ progressive dividend policy “which as you say will be in the region of 10%. We may also get a half year operational update snapshot early next month.

Hi, not much chance of AA taking this this private, I’m quite sure he’s trying to get all or part of Spirit Energy watch the last interview with Macy the clues are there as always with AA.
As for your investment why not sell at £12 to be sure, but why would you be happy With £20 when the company has £22 in cash.

I’m happy that you all feel that way but if people don’t understand the value they’ll sell along with the traders and North and Paul won’t get a say.

Thanks ST, I know that reserves based valuations are not so popular these days but it’s a topic that should be discussed as we wait for the estimates at Cascadura, although I’m not sure they’re going to light the blue touch paper probably be over cautious, the only one that might raise your heartbeat is the P10 figure.
It’s my view that a verified 1TCF of gas plus condensate would value the shares at a min £3 and possibly £4 thoughts anyone?
Let’s face it the the most likely future is that shell will throw £170 m on the table one Monday morning up it to £183m Wednesday and it’ll all be over by 8.30 for a quid.

https://youtu.be/HPUBbCpSam0
An older presentation, 23.40 min Paul suggests there may be 1TCF on block by which I think he meant the current four prospects. This is before the second the Test at Cascadura and after he mentions being humble more than once.
At Our present share issue does anyone care value the shares for 1 TCF? Try to be objective as I know us pi’s tend to be over optimistic ( it’s why we own them).

Well RC, you may be correct, however with a prudent amount of hedging and a 20% ish fall to £1 below the last reported cash balance we’re probably in reasonable position to sit it out.

I don’t wish to come across as rude or condescending but I think that has happened over the last couple of weeks to our sp, let face it when one man who doesn’t have any symptoms can infect eleven others in four days its unstoppable, all governments can hope to do is slow it down.

6666boe

Hi RC, depends on the gas 5800-6200 cf per boe is the norm so 6000 would be a good guess.