Member Info for Helpful

Stefan gave an interview a few weeks back and was asked about JVs with Pemex and he said they were no longer looking to do them. I took it that the potential JVs were using GE's BVR technology and now that they don't lurve each other any more, the opportunity had gone.

I know nothing about what is going on at ADL other than what is in the public domain. I have never spoken to anyone involved there except for Jorgensen when he was with NCT. It just seems about the right time. ADL should be updating us on TOE2 shortly and once that is boxed off it will be time to do the next deal. ADL has a big team in place, a lot bigger than the one needed for TOE2. The announcement on SIAK came out in December, so it is now seven months. Five months for negotiations and two months for legals plus the timing from the relisting seems about right. The big deal with SIAK is the next door field operated by Chevron: the PSC is up for renewal soon. I think the Indonesians will not renew and do a similar deal to the SIAK deal. IMHO DYOR

PS if you look at the deal that PXOG has got in Poland without having to go through a bidding process or the deals that ADL has got in Indonesia (I am including SIAK in that) again without going through a bidding process why should we take the risk of going through a bidding process again? We could spend a lot of time and effort on it along with capital only to get nothing or poor deal. DYOR

I am not sure that bidding in MX is such a good idea. The last round was a bit of a dog's dinner and a bit cut throat. Getting the RP going, providing oilfield services and getting hold of some flared gas for GTE deals is probably a better use of their time.

Today's board appointment is a hint that they are going to look outside MX for more deals. "....his skills will be particularly helpful in the area of business development and analysis of new opportunities". Lets hope they deliver value for our warrants.

SIAK is or was a producing asset: participation interest in the Production Sharing Contract ("PSC") for the Siak block, which currently produces approximately 1,700 barrels of oil per day ("bopd") from the Central Sumatran Basin, Indonesia. Pertamina Hulu is a wholly owned subsidiary of the Indonesian national oil company, PT Pertamina. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ADL/12636839.html I think it was producing at 3,000 bopd in the recent past. Just reread this: I knew it was a good asset but I had forgotten just how good. Pertamina Hulu is undertaking an extensive production optimisation programme and numerous infill, acceleration, and step-out opportunities have been identified within the three producing fields. In addition, there are further opportunities relating to the reactivation of five shut-in fields, five undeveloped discoveries, infill and step-out drilling, and waterflood programmes. There are also a number of oil exploration prospects identified for further analysis. Three potential gas field developments have the potential to supply the strong local gas market. A number of follow-up exploration prospects have been identified along this same gas fairway The local authority is guaranteed by law a 10% participation. ADL is negotiating on the JV's behalf. A 50% participation split 50/50% would mean that NCT's share would be 3.125% of the gross. DYOR

If ADL come out with news on SIAK, will NCT take its 12.5% participation?

P. Joaqu�n Coldwell Verified account  ‏@JoaquinColdwell Puedes seguir en vivo la presentaci�n del documento en la p�gina de la @SENER_mx http://www.gob.mx/sener #GasNatural

Nice map. En la Ronda 2.1 se licitarán 15 áreas contractuales para exploración en #AguasSomeras del Golfo de México. #Ronda2 https://t.co/H8fQOTkziF The RP is well placed to service some of those. Who would have thought?

Nice map. En la Ronda 2.1 se licitarán 15 áreas contractuales para exploración en #AguasSomeras del Golfo de México. #Ronda2 https://t.co/H8fQOTkziF

http://www.panimportreduction.org/#!about/cjg9

down 12% maybe doing a placing to farm into the rest of Shoats Creek?

Re gas to electricity. The revenue upside for ADL on GTE is 6 times. There will be a similar upside to MX deals. It will be down to negotiations but I still think there is scope to flared gas and use it in GTE. DYOR

There have been several x border pipelines and energy deals announced: I have posted about them on here. MX has a huge gas shortage, gas and electricity prices are much higher than in the US.

Some of the shallow offshore fields in Ronde 2.1 are offshore Tabasco. The RP could service them.

http://www.bloomberg.com/news/articles/2016-07-21/it-looks-like-the-u-s-consumer-just-had-its-best-quarter-in-a-decade

http://economia.elpais.com/economia/2016/07/20/actualidad/1469037097_967662.html

RememberTheFuture™ ‏@RTF83 · 8h8 hours ago  Richmond, London #NCT @northcoteenergy Bullish CCI Also best volume for >2 months yesterday

It means they are not willing to carry any stock. So when it goes up, they won't have stock to sell. Any decent volume and we should move up quickly. That 16% move the other day was pretty quick.

http://www.energia16.com/news/mexico-to-make-first-call-for-round-two-of-oil-tenders-before-the-end-of-july?lang=en the second call of the so-called Round 2.0 will occur before the end of the summer while the second call will auction 14 exploration and exploitation blocks in onshore fields at the Burgos basin, Northern state of Tamaulipas, and the Southern side of the country, So Ronde 2.2 before the end of September 2016.