Member Info for Helpful

https://twitter.com/Ole_S_Hansen/status/1193512105695203328?s=19

https://twitter.com/BGPTRADING/status/1193163024598630400?s=19

Looks like I might get my buy in target <0.9p here.

Yep. Same birth month September 1961.

Ex director Cantor Index.

https://twitter.com/BGPTRADING/status/1192436950369632257?s=19

Extended as expected and I flagged up. SP is down but I take the extension as v positive. If there were nothing to talk about they would have ended the talks and moved on. This could end up being a much bigger deal than people are expecting. Although the company says the potential JV partner has 23,000 acres in the Red Cave, they didn't say that was only acreage they had.

I think we are at the fine details of JV stage.

Fingers crossed.

DYOR

Back over $57.00 very helpful.

https://twitter.com/PetroteqEnergy/status/1192351072393801728?s=19

Why post this now? Are they trying to tell us something? Are they saying Valkor is about to move on its commitment? Surely wouldn't commit to a plant that won't work?

https://twitter.com/RRR_RedRock/status/1191939410633379841?s=19

Fingers very crossed.

You need to look up the Corallian pre-IPO fund raising document for the NAV on the Wessex Basin. It gave NPV10 of £157mil for Colter South and £60mil on Purbeck. We have given up the new license awards which had 30% of Colter South in them: so pro-rata Colter South would be £109.9mil.

The upside on Indo is the intended JV with CAV. Look it up: this not about having a participation interest in a four wells doing 160/170 bopd.

DYOR

No doubt he will be banging on about how good an investment PQE is in a few days.

Ah well, as long as both AOGL and PQE go up in value.

https://twitter.com/ZaksTradersCafe/status/1191668067786481664?s=20

Given the field history I think new drills would be classified as development wells rather than exploration and the targets are shallow. It would still be decent money. The best solution would be for ADL to take up its participation rights and then the JV to take finance at the project level.

DYOR

And he is right.

We should hear something shortly on this MOU. Either they have made progress or they will need to extend it.

We should also hear something on this.

Further, Attis is undertaking a corporate restructuring and cost reduction programme and will update the market on this in due course.

https://m.londonstockexchange.com/exchange/mobile/news/detail/14119166.html

Andalas has an option to acquire a participating interest in the Betun-Selo KSO (excluding any right to existing production), as further detailed below, which has scope for further development

If we participate, it is in Betun Selo; ie both fields.

In addition, we believe the Selo field offers substantial upside with a number of highly productive formations that can be accessed by one well. We are very pleased to be working with PT Celebes Artha Ventura (CAV), the major shareholder in PT Petroenim Betun Selo (PBS), the Betun Selo KSO Contractor and are very positive about the opportunity to enter into more oil and gas development and production opportunities with CAV over the longer term."

"one suspended well BTN 17 (a possible gas producer for fuel gas); and, one water disposal well, BTN 5 (with a second possible injector BTN 18)"

Question: do they need to get BTN 18 up and running as a SWD because of the amount of water produced?

It looks to me that if they did decide to go for Selo, it would be like starting from scratch. So it would be a much bigger job than working over the wells at Betun.

DYOR

The things that matter are:

1. The increase in production over the agreed decline rate
2. Final stabilised production
3. Does CAV want to do a deal on other assets?

The figure for production before the workovers started was given as 70 bopd but if you look at the presentations that is not a fixed point. They agreed a decline curve for production and we get 90% of the revenue on production in excess of the decline curve. So we started at 70 bopd lets suppose that the decline curve is 5% pa: six months have elapsed and so the production on the decline curve might be 68.25 bopd. You might say not much but it matters otherwise why bothering agreeing the decline curve. So firstly we want to increase the production over and above the production in the decline but secondly we want a lower rate of decline once the workovers are done.
This tweet yesterday https://twitter.com/AndalasEnergy/status/1191345936733224960?s=20 gave the latest production as being BTN 04 44.00 bopd and BTN14 on 30.10.

This is why they can say that, "The field delivered at an average gross production rate for October of 99.3 bopd with a maximum from the 3 wells of 119.3 bopd"

This is the video explaining the work on BTN 03. We need to get 30 bopd plus to beat the 150 bopd. https://twitter.com/AndalasEnergy/status/1181106868766351360?s=20

It looks pretty good to me. They were also looking at doing work on other wells in the field. It sounds to me that they think they think they can optimise production further.

So they should be updating CAV shortly on where they are up to. Time to start talking turkey.

DYOR

Now over $2.90. we should get $3.00 + this week.

https://twitter.com/PetroteqEnergy/status/1191338497568849920?s=19

The first pour is planned for November 6.

https://mailchi.mp/0e1fa30d0016/10wc5u22ur-3758921