Member Info for Helpful

https://www.energyintel.com/0000017c-6076-d59f-ad7e-6ef6c10d0001

A couple of points:

the geology is the same as other assets nearby and is what you would expect for a copper/cobalt asset in that aread.

We have copper and cobalt there but more work needs doing to firm it up so that a third party can come and say yes this is a commercial copper/cobalt asset.

Note that the RNS refers to the license being owned by an 80% owned subsidiary and not owned via a JV. This means that RRR is in control and there is less latitude for being messed around.

DYOR

Again, do your homework. A barrister knows never to ask a question to which he
or she does not know the answer.

Three of them are in here. We have done well and expect to do better.

I hope you get your 3p Billy regardless of all the stupid, uninformed remarks.

xx

DYOR

Ha, you need to do some reading on fallacious arguments.

I wake up early up and start my reading. I have investments across three time zones. A cup of tea and a toasted smoked salmon sandwich in bed whilst checking stuff out is just fine.

I need to check movements on ASX. Currently looking to time a move into iron ore and silver. I also have to swap messages on our US oilfields. FYI we switched a well on Thursday: currently running at 45 bopd + 250 mcfd + NGLs. Been switched off for three years; it cost $45k to put it back online

Anyway, do your numbers. On any basis, you are on a losing wicket. The high prices may not last but for the moment they are there.

xx

DYOR

WTI $81 incoming Trolls.

As I said Billy, go and get yourself a pencil and paper.

$80 - $63.28 = $16.72
$16.72 X 84 X (365/2) = $256,317

That covers the H1 loss. That is AVERAGE production for H1.

It looks like NTOG will be profitable for 2021.

DYOR

Get a pencil and paper, do some numbers.

Average 84bopd H1 including some major outages.

If you don't understand average look it up.

DYOR

https://twitter.com/SStapczynski/status/1447451397717434368?t=9VK2g-t2DnMAcvBWvqSDMQ&s=19

Likely oil is headed higher near term.

DYOR

Luanshimba update

Reads very well

Morning Trolls,

WTI $80.40

https://twitter.com/JavierBlas/status/1447265265331412993?t=PXzMUy-GjKWPhSf6_pMV3A&s=19

https://www.worldoil.com/news/2021/10/8/a-nord-stream-2-solution-to-europe-s-gas-crisis-could-be-months-away#.YWLThx9aROE.twitter

Billy, "better to say nothing and people to think you a fool than to speak and remove all doubt"

From my post Friday 0727

"Putin said Russia was willing to help but linked it to NORD 2. Gazprom started filling some of the feeder pipelines required to fill Nord 2. Even if Nord 2 is switched on, that gas will take weeks to get to a commercial flow in Europe."

You are merely confirming what said.

DYOR

Hey I hope you working on those arithmetic problems I gave you. Don't forget you only have two days to work out the answers.

WTI knocking on the door of $80.

DYOR

Hey aren't you the clever one?

Do you think it still works if you post on here about how you are working to get past the house rules?

So can we get back to to arithmetic?

Is 84bopd at $75 a barrel greater than 84bopd at $63 per barrel?
Explain what an AVERAGE is. As in AVERAGE production of 84 bopd in H1.
Is $75 a barrel greater than $63 a barrel? Explain your reasoning.
Can you calculate what the AVERAGE bopd would have been in H1 if the production hadn't been wiped out during the big freeze and they hadn't lost production because of two big storms? Show all your workings.
What is current gross revenue at 110 bopd and $78 per barrel? Show all your workings.

You are permitted to take your gloves and socks off and to ask a friend to do the same but no more than one friend. You have a couple of days to work it out.

xx

I see your spelling hasn't improved.

Whatever you say:

1. Average production H1 84 bopd
2. H2 average will be higher
3. Average price will be higher H2
4. Revenue will be higher H2.

I hope you are keeping those fingers crossed!

xx

DYOR

https://twitter.com/WaterpierGroup/status/1445821568291016710?t=CcYxKn_gpv2zM7E6gA39yA&s=19

Billy, unlike people like you, I read stuff. Specialised stuff by informed people. Russia did not "turn on the gas" last night.

Putin said Russia was willing to help but linked it to NORD 2. Gazprom started filling some of the feeder pipelines required to fill Nord 2. Even if Nord 2 is switched on, that gas will take weeks to get to a commercial flow in Europe.

DYOR

Morning Trolls.

WTI back over $79.

xx