Member Info for Helpful

Getting all excited over there. Hopefully whatever it is it gives value to our participation rights.

http://pararesourcesinc.com/para-announces-us-16-6-million-letter-intent-pandit-mine-finance-lp/

Interesting!

It is one well, the Morris 1, at Stockdale.

With the new wells there is not much requirement for extra engineering work: salt water disposal was the big issue. The company says it can handle the SWD for ten wells.

The only complication will be if they can produce 1.3 mil cu feet per day from each well, do they need a bigger generator or more generators or a bigger hook up to the grid. They will need to do a bit of planning around that issue. I can't see that it would slow down Morris 1 much.

Fingers crossed.

https://twitter.com/business/status/1019180877316788225?s=19

Direct from buyer to seller at an agreed price. The trade didn't go through the MMs but has to be reported nonetheless.

I bought at 0.5384p. Then you could buy at 0.53p a couple of minutes ago, now it is 0.5488p for £1,000 but it is still showing us 7.2% down on IG.

All a bit of a mess really. Looks like the price is not realistic.

Playing games. Just bought £1,000 worth and they promptly dropped the price.

Well that is an overhang taken out of the market.

https://twitter.com/BlockEnergyplc/status/1018835233930661889

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/NTOG/13719254.html

NTOG is a good comparator for MYN. NTOG has completed a workover on a well, it has produced 25 bopd for the first week, the workover cost circa $45k and NTOG is up 10.31%.

Compare the results on this with the results on Morris 1. It is also good to see that the NTOG costs are not dissimilar to MYN's on a workover.

NTOG will probably now continue to move after this. If they can do this on one well, they can do it on others. IMHO MYN has got the better propositions in this space but nonetheless, handy to keep an eye on NTOG.

DYOR

Had a small first nibble this morning on the drop. Already in profit. Looks like AB is lucky for me.

Originally the NASDAQ thing was going to be March but they needed the plant in production before they could do it. This much mean that the DD people for NASDAQ and the broker are happy with the plant.

They wanted NASDAQ because you are not regarded as a proper investment in the US unless your are on NASDAQ or Big Board. This should drive the price more now.

NASDAQ

http://www.globenewswire.com/news-release/2018/07/12/1536517/0/en/Petroteq-Energy-Submits-Application-For-NASDAQ-Capital-Market-Up-Listing.html

Just bought another £750 at 0.5488p.

Crazy price.

It seems that Schlumberger are not as close to target depth as I thought they would be. They are going very slowly and using all their latest technologies. It seems that they are not only seeking to appraise an existing discovery but are also looking for any previously unknown hydrocarbon bearing intervals. So they are doing what Mayan has been doing at FH and Stockdale with Roke but using their own kit to do it.

If they do find new hydrocarbon resources it will be big news for BLOE at West Rustavi.

DYOR

We do still have the participation rights. I confirmed this with CW about four weeks back.

Presumably the placees have seen some details on the proposed acquisition and the terms. Given the ease with which they have raised the funds, it might be a decent deal.

I haven't seen it.

DYOR

That reads okay.

The company received the money from the placing on Friday. I expect that they will now complete the deals on the new wells.

I expect an update anytime this week. At the very least the will need to confirm that the placing is finished and the TVR but I expect they will now complete the two deals.

DYOR

We did have a revenue interest in AR but we exchanged it for shares and warrants. So we are now interested in the PQE share price.

I expect that Deloro will wind up and distribute the holdings in PQE and Mayan out to the investors in the near future.

DYOR

https://twitter.com/Kevalp187/status/1016405534747037696?s=19

Interesting.