Member Info for hereandnow

It's already highly significant as hydrocarbons have been found. That in itself is v encouraging to all the block holders there. It's the secondary target and shallow, that wasn't expected, a great bonus. The more they find and the better the quality, the better. On to the primary targets next following this testing....let's hope they strike lucky again....and we still have the Venus well to come.

Supermajor Shell has hit oil on a high-profile wildcat that is targeting a billion-barrel reward offshore Namibia, with four exploration sources familiar with the Graff-1 probe stating that it has found light oil.

Shell is understood to have had two geological targets for the probe in Upper Cretaceous sands, with the basin’s older Lower Cretaceous Aptian play — a traditional objective — thought not to be on the supermajor’s radar.

One source told Upstream that light oil has been intercepted in what is believed to be a younger Cenomanian age reservoir.

“They are still logging from what I have heard, so more will only be known towards the end of the week,” said this knowledgeable source.

A second exploration source said: "I think it's Cenomanian oil — it looks like it", adding that the top reservoir was entered about a week ago and that a deeper objective will also be evaluated.

"We'll probably hear something pretty soon," said this veteran explorer, pointing out the prospect is "a fair sized, stratigraphic trap" with similarities to TotalEnergies' Brulpadda gas and condensate discovery in the Outeniqua basin off South Africa.

A third southern Africa source also suggested that Shell had “entered the reservoir” just over a week ago.

Arden forecasting £23.7m revenues for this year . I would be delighted with them being 75% right!!
Coming from such a low MC, with all that 2021 income being pushed into 2022, we will hopefully see 10p plus again this year. Time will tell..as ever.

They couldn't have timed this deal any better. Shell have been reported having struck oil at the Graff well.

Tomorrow is going to be a v good day

awesome RNS.

Up and running and positioned for a material step up in earnings. Been a long journey but good to see.

Market hasn't noticed this, buy cheap and quiet, de-risk when it gets close to crunch time, keep a wedge just in case they hit major 'pay dirt'.

'This is the way'

Sold all my Atome shares when I got them at a shade over 80p, I've been buying more PPC on this drop.

Happy Xmas to all my fellow Westminster share holders. It's been a tough old time this year as contracts and contract ratification has moved to the right. Let's hope the jam tomorrow becomes the jam today in 2022.

great to see them so angry and indignant today.

Nice contract, backing up what they have stated previously, plenty of cash.

Some contract ratification please on the MSCs

Excellent news today, growing production 3 times, adding $500k plus of free cashflow per month. £17m MC with £9m in cash. Fully funded multi well, multi year drilling campaign to stat in Q1.

Yet another fantastic set of numbers. Going to book record annual revenues/ v decent profits. Cashews coming on stream. CPO prices remain high, January we head into high season.
It will pop at some stage, woefully under valued. The broker note is ridiculous

Mopping up all the placing stock that has been sold into the market by bored punters happy to 'wipe their face' and move on

Maersk Voyager is on her way. At last, the next round of drilling starting off shore Namibia. Should spud in next couple of weeks. We have 4 blocks down there, 2D, some 3D, some drill ready....just been waiting for catalysts for farm in partners to offer some decent terms. Catalysts are here. Total and Venus well, followed by Shell drilling a well.

Worth a listen to give a snapshot on what is on offer and what you can expect to happen https://www.**********.co.uk/articles/traders-cafe-with-zak-mir-neil-herbert-senior-non-executive-director-firering-strategic-0768a00/

Vander, of all the trolls on here, you are definitely one of the thickest.

yes, very true. Any success on those wells and ECO should be able to land some very attractive farm out terms

Has a very decent read through to Orinduik Cretaceous .

Thought the update was thorough and positive.

Solar could be good, Kanje should do fine as Exxon are 'well' committed BUT

I am here for the drilling of Orinduik. We need Tullow to 'S h I t or get off the pot'..........I think they will sell out or down....when? I have no idea. I'm surprised Total has allowed them to procrastinate this long. There is only so much ECO can do but if Total I'm sure could force the pace if they chose to.

Good to see your name pop up, hope you are in fine fettle?

https://www.bloomberg.com/news/articles/2021-10-25/palm-oil-at-heart-of-edible-oil-boom-to-see-supply-crunch-endure?utm_campaign=socialflow-organic&utm_content=business&utm_source=twitter&utm_medium=social&cmpid=socialflow-twitter-business