Member Info for GIVMESUNSHINE

Fair point Dusty - I just find these boards painful, stopped using LSE and ADVFN all together as they are full of looons :0

H2 Cash used was about £3million - (H1 5.2 million) but within h2 we had the tax credit offset over the year to quite alarge capex, only 1/3 of Pact award reconised and very liitle from CIRT Revenue ...so balanced out I would say net cash burn of about £8.2 million year on zero sales on a clean sheet .Its hard to get a grip on what H1 will bring

staff costs will go up

PACT should come in

revenue for Cirt laggs by 3-5 months so should show a big improvement, would hope to see that at about £600k

plus PSE ?

So there alot of variables, However there is so much we dont have visibility of - Its all about confidence in the growth, but just as these boards were singing 600 tests a month prior to results, we now have the same posters with impending doom Jon lost alot of credability in my eyes, but its important to remember that taking a new product to market, getting Medicare code, labs etc in such a short time will be expensive and they have delivered alot operationally on target in a very short period of time..anyone who though BUPA sales would churn through in months post signing is detached from reality .. however in this finaical year they should start to shown some traction GLA.. time will tell.

Morning -Not posted for some time - I couldn't take reading Dug's rambing's of a mug punter :) The guy doesnt know his own mind.

I think we are starting to see some traction and whilst I was very dissapointed with the numbers in Q2, and the squirmy presentation. That has to be put into context against the timeline and type of products we are dealing with. OBD have been very quiet on the publicity front, I think Jon took a big Slap off Major Shareholders an they are hopefully getting on with what they need to do.. The evidence case progress ofr CIRT is important and hopefully soom we will get some more deal following through. However confidence has been knocked and dont see the SP doing much positive or negative until some meat is put on the bones - I didnt expect much from BUPA last year and TBF neither did OBD, they stated that back in March 23, So now its a case of seeing how this pans out. If you take the immotion out of it sub 8p is a good entry point if you believe in the story.

With regards to Transform - I really dont care, Its a typical lethargic trial that will be outpaced by developements and IMO is the last thing we need to be throwing money at.. Jurys out for now. Good Luck All

Hi - Chevron made a pretty clear statement it in their Q1 - The fact that it even got a mention is impressive .. I'm not sure why you are so suspect - they are a super major. Not playing games .. Just due process with the authorities, which happens every time with a farm in, and it's not in a banana republic.

Thanks for posting nas

F.Y.I

Company officials, during their Q1 results call, gave updates on different operational areas, and commented on the potential impact of an investment promotion regime in the government’s economic reform bill.

OFFSHORE

YPF partner Equinor in April began drilling exploratory well Argerich-1 offshore Buenos Aires province, work expected to continue over the next two months, the call heard.

YPF, which holds a 35% equity stake, expects an eventual production rate of 200,000b/d if oil is struck at the Argentina Norte basin license, known as CAN-100.

“It’s targeting a very big structure… we’re looking for something quite material,” YPF strategy VP Maximiliano Westen said, referring to similarities between geological formations offshore South America and those off the coast of West Africa, where discoveries have been made.

Argerich-1 would be Argentina’s first ultra-deepwater well. Exploration work was carried out in shallower waters offshore Buenos Aires, in the Colorado basin, in 1969-97, with 18 wells drilled. Oil was extracted from one during repeat formation testing.

Elsewhere on the exploration map, YPF has the environmental nod to shoot 3D seismic at CAN-102.

Hi Interestking = Ahhh M+W Should have fell in on that one - Certainly a nod to them, but is a homage to my first 10 bagger - Rensola (Solar Wafers)

Thanks for posting NAS - a bit monotone - but worth listento over the rubbish on here.

Interestking- whos M&W -Mitchell and Webb:) I'm confused.com

Morning - IMO the only thing stopping this being in high .2s to .3s is the gov approval of the Chevron Deal and the current cash balance. both of these are process and a time activity. I see this as a good intial 3-6 month play to just sit back and wait. Chevrom worth at least 0.5p a share alone on their investment for the 60% , so take half off, ignore any farm out of OFF 2 and fully funded and its still worth alot more.. so will Uraguay Approve? - I dont think ive ever seen a AIM Oiler farm in with a Major the hasnt been approved by the Gov's? not in 20 years that i can think off , even in highly political countires/ Issues. but there will always be doubt in the minds of punters - so for me its just sit back and wait - I wouldnt waste my time petty arguing on these boards, not worth the brain space - GLA

Equinor rolls up its sleeves for imminent Argentina exploration well

Drillship Valaris DS-17 is en route to spud closely watched Argerich-1 wildcat.

https://www.upstreamonline.com/exploration/equinor-rolls-up-its-sleeves-for-imminent-argentina-exploration-well/2-1-1633211

And before some village idiot posts some rubbish about it not being relevant .. take google of S&P Globals Assessment of the Namiba, Argentina and Uraguay basins - including ours

F.Y.I

Drillship DS-17 is due to arrive in Argentina this week, local media outlet Eolo Media reported.

The vessel is tasked with drilling well Argerich-1, in area CAN-100 of the Argentina Norte basin, a license held by Equinor, YPF and Shell.

According to shipping website VesselFinder, DS-17 is due to arrive in Mar de Plata, Buenos Aires province, on Wednesday.

An environmental license establishes the drilling work window runs between December 15, 2023, and June 15, 2024.

BNamericas has contacted block operator Equinor for comment.

Im in ..

Not sure why anyone would come up with a statement that consoldation will somehow relate to a SP fall - the Mkt CAP stays the same .. make no difference at all other than it looks better than billions of shares @ 0.15p on the requster. its a good thing. Also Whist there is signicant risk on a wildcat you have to base that risk v market cap not SP. Chevon have put that risk based value on One licence at many multiples than the current Market Cap, and now we have Intitutions getting in on at premium.. Whether Uraguay is the next Nambia remains to be seem , but if you want to get involved CEG is worth a fraction of what other much more knowledgable world leading oiler are ready to invest. These boards are full of Desperate gamblers and Fools IMO

F.Y.I

Valaris D17 Drillship is moving down towards Falklands offshore Argentina arriving tomorrow to start drilling. Targeting 1 billion barrels.

Equinor in April will begin drilling the Argerich-1 exploration well in the CAN 100 block in the North Argentinian basin, offshore Argentina.

The well will be drilled 315 km from the port of Mar del Plata by the Valaris DS-17 drillship in 1,527 m water depth. It will be the first to be drilled in the country in ultra-deep waters. The well is expected to reach about 2,500 m in depth and 106 cm in diameter at the sediment surface. Drilling work is estimated to take 55-65 days.

If the presence of oil is confirmed, Equinor and partners are expected to carry out an appraisal campaign in 2025 to gather technical data including field size and potential productivity.

The Argerich project is operated by Equinor with 35% interest. Partners are YPF (35%) and Shell plc (30%).

Morning - Cant really see how anyone could put a negative spin on that - always look at the details with these kind of thing, but on review looks a very clever piece of funding and a very good deal for shareholder - once again the strengh of this underpins the SP and demostrates the institutional "want" to get involved. Great deal

Morning

I wont get involved in the ramping / troll debate .. boring and who really cares ?

A snippet of information below - udated shipping info for the expected arrival of the Equinor CAN-100 Drill..

https://antaresshipping.com/news/april-10th-argentina-offshore-prospecting-can-100-area/

Hi All - See attached link

Explains the correlation between our block and the CAN C100 Block being drilled sonn by EQUINOR. S&P artical directly mention OFF-1 when discussing Equinors prospects in relation to Namibia.

https://www.spglobal.com/commodityinsights/en/ci/research-analysis/why-is-a-discovery-in-namibia-good-for-uruguay-and-argentina.html

Morning

Anyone know the details of the drill that's due to start in April southern to us in arg ? Would like to educate myself on the relationship it has this source rock that forms so much of the hype around Uraguay

Agree - That 40% carry is values at next to nothing at the moment - Once the Gov sign off the Chev Deal - which is not really in any doubt - at the current SP 40% of off 1 and 100% of OFF 3 is worth about £4m at the current SP!! Chevron think 60% of OFF-1 is worth punting at least $40 upto a total of $140million under this farmout, carrying almost all the cost burdern (100% 3D + 80% of a £100milion max first ) This certainly is one for the drawer . and will be a fun ride once those basin drill bits start going to the south

That presentation is well worth watching

26 mins 50sec - They have enough cash to see then thruogh to completion uraguay gov approval - 2-4 months . He will turn himself inside out before looking to ask SH for funds (or words to that effect)

VIdeo of the presentation peeps - Enjoy

https://www.google.com/search?sca_esv=5fddc3dd36c4976b&sca_upv=1&rlz=1C1ONGR_en-GBGB1053GB1053&sxsrf=ACQVn08-3E9sikkJLBW-fQJoQAPYqFVtEA:1710945610557&q=challenger+energy&tbm=vid&source=lnms&prmd=invmbtz&sa=X&ved=2ahUKEwjNj-OKiYOFAxUkQUEAHSZvADgQ0pQJegQIFhAB&biw=2400&bih=1138&dpr=0.8#fpstate=ive&vld=cid:beaa0814,vid:C85bB9ynH18,st:0