Member Info for Gazza4563

Are paid rampers, never to be trusted and should be banned for life

Poor soul who bought over £60k worth

RNS tomorrow

yeah we bloody wish :-)

BBN

Here you go mate

Yuo cna porbalby raed tihs esaliy desptie teh msispeillgns.

i am not taking anything out on you at all.

i asked you a question and you come back with rubbish having misread what i wrote.

i have done my research thanks but i would never post that i know something what the business has told me and then not share it with others, like you did.

what are you on about smiley??

fook me, i asked you one question and you come back with all this b locks about my losses..............what fooking losses...read what i wrote

you said you had heard from the company and their reply was interesting to you..........

i will wait ( like i have been doing for months) for them to tell me in a RNS what is happening

haha

dont make a judgement on what you dont know smiley

im in shares for the last 5 years, how is that impatient

god knows? and a fact of due in two weeks time?

which is it?

i thought you was the man in the know!

smiley

whens the RNS coming?

11 Mar 2019 03:32 GMT
The Indonesian government has approved the development plan for the Conrad Petroleum-operated Mako gas field in the offshore Duyung production sharing contract.

Conrad confirmed over the weekend Indonesia’s Ministry of Energy & Mineral Resources had approved the development plan for the field which is estimated to hold 276 billion cubic feet in contingent resources.

The development plan for Mako involves a small wellhead platform with compression facilities that will initially host four wells, with another four wells to be subsequently drilled during the life of the field, with plateau production expected to average 90 million cubic feet of gas per day.

Conrad chief executive Miltos Xynogalas said the approval of the plan of development marked an important milestone in the maturation of the field.

“This step advances the project and provides the certainty necessary for Conrad to conclude gas sales contracts and finalise access to evacuation routes,” he said.

“In addition, it allows Conrad to continue exploring within the Duyung PSC, and acreage with several identified leads and prospects and a confirmed petroleum system.”

Conrad also stated the PSC had been converted from the cost recovery scheme to the gross split scheme, with it noting the benefit of the latter.

“The gross split scheme significantly streamlines the budgeting and approval process for operations within the PSC area, enabling contractors such as Conrad to increase their operational activities,” Xynogalas said.

“Furthermore, the lower tax burden prior to commercial production provides us even more incentive to launch additional operations in the near future.”

The Duyung PSC covers roughly 890 square kilometres in the South China Sea in the Riau Islands Province and lies near the West Natuna Transportation System, a gas pipeline to markets in Singapore

Some excellent work going off behind the scene by TK and the team

what RNS?

so talking b locks then

why that gige?

Canadian independent Gran Tierra Energy has consolidated its position in Colombia’s Putumayo basin and diversified into the Llanos basin following a $104.2 million cash acquisition of interests in three blocks from domestic player Vetra Energia, write Julia Martinez and Gareth Chetwynd.

The deal gave Gran Tierra a 50% operating stake in the Putumayo-8 block, partnered by AIM-listed Amerisur. The block is located south of Gran Tierra’s own Putumayo-31 block and east of the Suroriente block, also included in the deal.

“PUT-8 contains at least two exciting drill-ready exploration prospects, which could potentially be drilled in 2019 using existing pads,” Gran Tierra said.

In the Suroriente block bordering Ecuador, Gran Tierra boosted its position to an operating stake of 52%, from 15.38% previously.

This block currently produces 2200 barrels per day of oil — mainly from the Cohembi field.

“We are excited by the opportunity to accelerate Suroriente’s already successful waterflood in the Cohembi N Sand field and to apply technical knowledge from this field to our N Sand plays across the Putumayo basin,” chief executive Gary Guidry said.

The deal is expected to close in March, after which Gran Tierra hopes to accelerate plans to apply new drilling and waterflood initiatives and lift output in this area to 6000 bpd.

Gran Tierra also increased its interest in the Llanos-5 block to 100%.

At the same time as adding assets, the company also announced plans to reduce capital expenditure this year by between $30 million and $50 million, from a previously budgeted $350 million to $370 million.

Gran Tierra’s production guidance for 2019 was revised upwards midweek, when fourth quarter results were announced.

Bisht said, once the plan is approved, drilling would be scheduled for the third quarter of next year.

Empyrean eyeing China farmout
UK company looking for partners at the offshore project, where drilling could kick off next year

Anamaria Deduleasa
28 Nov 2018 09:32 GMT
UK-listed company Empyrean Energy is eyeing a farmout at its block in the Pearl River Mouth basin, offshore China, where it aims to start drilling by the end of next year or early 2020.

Empyrean holds a 100% interest in Block 29/11, where the Jade, Topaz and Pearl prospects have been identified.

The block covers around 1808 square kilometres and lies in water depths ranging from 300 to 600 metres.

Believed to hold around 884 million barrels of oil in-place on an un-risked basis, it lies between producing fields with infrastructure in place, operated by Chinese state-owned giant CNOOC Ltd.

Nearby, Italy’s Eni, US supermajor Chevron and Canada’s Husky Energy also hold blocks, which are under development.

More resources for Empyrean off China
Read more
“Empyrean is actively thinking about funding the exploration well commitment. Strategy includes creating a joint venture for the project by farming out equity, sale of existing assets or capital raising. Given the fact that Empyrean has two and half years – starting on 13 December 2018- to drill the well, each of these three options will be actively worked on,” Gaz Bisht, executive director told Upstream.

“We aim to start talks with companies with projects near ours and beyond,” Bisht said.

Empyrean has already signed a production sharing contract with CNOOC Ltd covering the block. For now, Empyrean will act as operator during the exploration period of the PSC and will incur all exploration costs.

CNOOC Ltd will then have the right to participate in any commercial discoveries, up to an interest of 51%, once the PSC enters the development phase.

After having recently gathered 3D seismic over the block, Empyrean will spend next year working to obtain all the necessary well planning permitting, as it aims to spud a well in the fourth quarter of next year or in the first quarter of 2020, Bisht said.

“Commencing in the first quarter of 2019, Empyrean will focus on building operational capabilities in China in preparation for drilling the well. It will include setting up a small office, staffing it will appropriate skillsets and selecting appropriate rig,” he said.

Bisht did not reveal what percentage the company is looking to farm-out, but he said the goal is to bring in a partner to share “costs and future value”.

Meanwhile, Empyrean, also present offshore Indonesia, is also looking to drill at the Conrad Petroleum-operated Mako gas field scheme.

Empyrean farmed-into Mako with a 10% interest. The joint ventures partners are hopeful their submitted development plan will be approved by the end of the year, which would pave the way for a final investment decision.

The preliminary resource estimate at Mako is 373 billion cubic feet of best estimate contingent resources.

Bisht said, once the

I might invest when they spud the well.

Its seems to dodgy at the moment with what Chariot encountered nearby

Not that i am putting anyone else off of course. I hope it is another GKP

What f ing contract?

Maybe you need the boot up the arse to pay attention to detail

its like a whores nickers this share