Member Info for Helpful

https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02014092

https://twitter.com/PetroteqEnergy/status/1034070693569339392?s=19

Simon Gorringe did an interview a few weeks back and said the the gas to power deals were just another way of monetising O&G assets. If he sees it that way then our participation rights should be good for the IPP deals.

Or farm it down for a free carry.

https://www.rigzone.com/news/oil_gas/a/138987/northcote_partners_ceb_for_oil_and_gas_opportunities_in_indonesia/?all=hg2

Don't forget about our ADL participation rights. ADL are due news on Indo any time now.

Now that we are not proceeding with the new Stockdale wells we have excess SWD capacity. We should have at least 10,000 bpd spare: the company should now monetise if by letting other operators access it. Not sure what price the would get but maybe $2.00 a barrel.

Agreed. They told everyone they were going to do the deal part cash, part shares and they have. So they have passed on Stockdale wells because they can't get comfortable with the title: that is a very good thing. There are other deals out there to be had. If the title issues on those Stockdale wells can be sorted, we can always go back there.
Eventually all issues with paperwork and permits time out, so we should more news shortly.
We should do well on Block and ADL shortly. The Block update reads well.

Who would have guessed that they wanted to buy more land before the news on their technology changes the price?

300 mil barrels oil in place would be a nice round number.

They should hold off buying till the 22nd when the 0.8p warrants lapse.

Legals and paperwork.

You need to do your research. 1620 brought the DRC tailings deal to RRR last October. The processing plant is a Winmare Resources deal: listed on ASX.

Well maybe the market is finally realising what PQE's announcement from last week actually meant.

If continuity testing is complete, guess what is next?

I think we will have another announcement sooner rather than later.

DYOR

Sorry mate, your are obviously a nutcase.

I have a lot CLNs and I have all the paperwork: you have neither. There is no downside to the CLNs only upside. What remains to be resolved is how much upside.

Filtered.

Upside? It depends.

After 30 days production at 1,000 bopd, PQE can move 1,000 bopd x 30 years to P1 reserves: so 1,000 x 365 x 30 about 11.5 mil barrels. In the ground say $10 a barrel gives $115mil.

I think full value at this stage is circa Cad $3.00/$3.5 a share. However, if they do a deal on another asset, or JV or a licensing deal or the plant output is higher, then full value would be higher.

David Sealock isn't listing on NADAQ because he wants to be in the club: he will raise funds for more assets, to expand the current plant and set up another larger one.

Keya pointed out an asset to me a while back that messed up: he is probably spot on because it is already permitted for oil extraction. Apparently, the big lead item is permitting.

DYOR

Yes I have and yes I am.

You work it out genius. CLNs capital plus interest of 10% pa convert at 0.8p. If I hold till December, it gives me an effective conversion price of 0.71p plus the warrants. What's not to like? By then the August and November warrants will have expired. It's a no brainer.

So even a socialist like you can understand:

If the price is around 0.8p or lower, I can take my cash back.

If the price is higher I can convert and hold or sell, whichever suits.

I expect I will be converting but who knows?

Cheer up. I am in profit on RGM too.

So PQE is worth 20% of Mayan's MC and then Block another 5%.
Cash is maybe 10%. So o&g assets valued at 65%: about £4mil.

Really?

I have already made money three times on RRR and well in profit fourth time around.

Good luck with your dreams of stealing money from capitalists.

You might want to look up who is the richest woman in Venezuela and is not Maduro's wife.

Soooooooooo! Off t'races

Yawn!

Why don't you sit down and work out what you think Steelmin is worth and then what the shares in JMS are worth? After than you might consider how cash the company has and then what the residual assets are worth.

If you were up to speed you might ask yourself what has AB been doing whilst in DRC, which sites has he been to and what discussions have been held and with whom. Do a bit of search on Twitter, I am sure that you track down the various tweets from the various parties.

Good luck with your being non-delusional.

PS you might look up what Super-Normal Profits are: it has a specific economic meaning.

xx