Member Info for hereandnow

Glad they have concluded that process so efficiently. Can't wait to see those revenues hit the bottom line. WSG is on the cusp of becoming a proper company.

Amazed to see the same old knockers hanging around this board...get a life, all very sad.

You were talking about last Friday, I put you straight. A simple 'thank you' will suffice.

Just plain untrue. As I wrote earlier, it happened on multiple stocks across the board. MNRG, AXL, ATM to name a few. huge trades after hours...it was some sort of glitch. I'm trying to inform you of the facts.

I have been waiting for this RNS for two years. The cashew fiasco is finally getting sorted out. It is moving from a cash drain on the company to a cash provider .

The company will re-rate on this over time. It will take a while as the company has been out of favour for so long.

There were multiple large late trades after hours on dozens of stocks, it was all a bit odd. Some sort of anomaly

Trading at 42p equivalent on the ASX

That is a very good piece of news today, v happy with that. Recurring revs, UK, opportunity for more business.

From Bloomberg. Total have been granted environmental permit to drill up to 5 wells starting Q1 2025 in 3B/4B.

Game on!

LOL, I though that 35 years ago!

Excuse the typos! Got a bit excited! unitisation

Fabulous news. Farm down completed.

-They will have about $10m in bank

-Partnered with a super major in SA, fully carried

-Read through value is nuts. There will be only 315m shares in issue after the Africa oil completes. The MC is covered by the read through value on 3B/4B

-100% owned Orinduik, $100m of tax losses, fully covered in 3 D, two heavy oil discoveries aka Hammerhead

-10% of Hammerhead in Orinduik, Exxon is developing it, unionisation will happen as will a farm out deal.

-Walvis basin, biggest acreage, plenty of 3D, plenty of interest, will get farmed out.

-Block 1 SA, they picked up for next to nothing. Has some oil prospects in the deeps and gas in the shallows.

No wonder Berenberg has a 125p price target on this stock

2025 is going to be v v busy

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Excellent bit of business. Africa Oil have a stated plan for a year or so to exit non core assets. That could have been a filthy overhang. All taken care of in one 'buy back' transaction.

Read through value to our existing 5.25% is $45m.

Plus we have $20m of cash coming in

Plus Block 1 value

plus all the Namibian blocks. That farmout deal will indicate significant value

plus Guyana. We have circa 10% of hammerhead which is being developed hence unitisation. Plus two heavy oil discoveries. And $100m plus of tax losses plus the advantage of the original block terms which are a darn site better than the new ones

Https://presentations.investormeetcompany.com/conferences/4e6d1566a847/bigroom

I am hearing it has been extended until 6th August so more time for a quorum to turn up.

Best news this company has had in a long time. Gives a clear pathway. Nearly £4m traded today, this is not retail . Good signs. Think this grinds higher.

What was really interesting here was the tit bit about Baquiano and CN being potentially connected…see slide 13, this would obviously make the oil pools a lot bigger.

Then off to to Matequafa Attic. Another look-a-like play and 90% COS. Potential for 5m boe of reserves.

Then back to CN to drill horizontals underneath the current ones. With mob and de-mob I can’t see them getting back to CN for the next batch of horizontals until year end.

Year end cash circa $23/24m.

Production forecasts/declines :- In a previous post I had at year end,

CNB-HZ 1 500 bopd

CNB-HZ3 700

CNB-HZ 4 900

Marshall suggested I was being a bit aggressive on those declines.

I had 4500 bopd being a base case average for Q4. I think with a fair ‘operational wind’ , 5000 bopd is a base case Q4 average following my meetings.

Key out takes,

1/. Don’t get caught up on granular detail, that is their job. All we need to see is growing production, producing reserves and inventory.

2/. ‘Dinner or diner’ Either way, trust management’s judgement. They are aligned. The latest drilling results give more and more fire power with regard to debt finance if required. Eyes are on them and they have eyes on assets as well.

3/. Remember plans change all the time due to events

4/. Production growth and exploration drilling is a balancing act. Maintain/grow immediate production versus reserve and drilling inventory growth. One facilitates the other, both add NAV value

4/. Slide 4. You can see where the SP should head to according to that graph. 5000bopd in Q4 should see us in the 40-50p range.

5/. Happy days! Enjoy the journey.

As promised, a write up of an in person and a broker zoom meeting last week.

CNB HZ-1

This first horizontal well has given a lot more than just exponential production growth.

Read this in conjunction with slide 17 of the presentation.

hxxps://arrowexploration.ca/wp-content/uploads/2024/06/Arrow-Corporate-Presentation-June-2024_Final-2.pdf

Whilst lining up the Horizontal section, the best way to get in position was to go across the fault. In doing so they unexpectedly encountered 40 feet of C7 sands; It’s not up against a fault, it is not a structural trap, it is a stratigraphic discovery. A complete bonus.

As a result the CNB-2 well has a double mission. It will become the second water disposal well to add capacity to the converted CN-4 water disposal well (each one will have capacity of 13000bowpd). It was also drilled across the fault through these freshly discovered C-7 sands. Once CNB HZ- 3,4 and 5 are drilled and the rig is moved off the pad (late September) a workover rig will be brought in to test the C-7 sands in the CNB-2 well. These results could add further significant reserves and drilling inventory as part of the C7 production development. See slide 22 in the presentation. Fresh drill pads and cellars will be required. Reading between the lines, I believe this CN C-7 drilling development is being ear-marked for a dedicated second rig in Q1 2025.

Our new II investor has been useful. Looks like we are going to be using these in future horizontals to help extend well life and control water ingress. Petrotal use them apparently hxxps://www.ajsp.net/research/Optimization_of_Horizontal_wells_by_using_down_Hole_Inflow_Control_Devices.pdf

During the dry season at the beginning of 2025 they will shoot 3D on the southern part of the block and also some further 3D on the other side of the fault at CN to try and help delineate the extent of the fresh C-7 discovery discussed above. At the moment they have 3 pages of inventory to work through, at least three years of drilling. This will expand with every fresh discovery.

Three wells on RCE and three on CN were ‘suppressed’ whilst they sorted out water disposal on both fields. About 300 bopd roughly

Capella will hopefully be back in Q4 adding 150 bopd. (Some road building required by operator to appease the locals)

Management much more confident of hitting 10 000 bopd in a couple of years time following this horizontal well result.

Baquiano: Slide 24. Check out the five cellars on the drill pad. $50k to build each one. This shows a high degree of confidence of a successful result. They will drill, on success, an initial three well campaign. A bit like with CN, these initial wells are effectively development/appraisal/producers which helps them define the discovery and work out how best to exploit it…by more horizontals? Ubaque/C7? etc. 90% chance of success.

Guyana:- Hammerhead development should sharpen minds and pens. Unitisation (10% or so of Hammerhead in Orinduik). Orinduik has $100m of tax losses sitting on it. Two heavy oil tertiary discoveries aka Hammerhead. 3D covered, drill ready in the Cretaceous. It has the same fiscal terms as Exxon on Liza . ECO owns 100% so v clean capital structure.

South Africa:- Total announcing they are pulling out of their gassy discoveries off the SE coast (4400m spent!) concentrating on oil off shore west coast of S Africa where they have just farmed into 3B/3B

happy days

Clearly the debt needs to be addressed properly at some point. The Management lending $2.3m gives comfort that they will get this sorted out at some point. The cashews being two years late has sucked up all the CPO profits. This change of machinery needs to work. Cashews were slated to be more profitable than the palm oil. If the machinery works well, it turns into a v profitable and v cheap company. That would make it much easier to deal with the excessive debt on the balance sheet. I will continue to hold hoping they get the cashew production sorted.

Read the RNS carefully. It is all in there.

It looks like owning 100% of Uis and Lithium Ridge is a precursor for concluding the partner process/es

"The Directors also believe the new structure will allow streamlining of operations for value creation and will create the opportunity for more rapid development of the assets through the introduction of project specific financing partner solutions."

"The two remaining licences will strategically position the Company to develop its lithium strategy and to attract partners with expertise in processing lithium for both the technical (glass - ceramics) and chemical (battery) industries through the production of petalite and spodumene concentrates respectively. Whilst the transaction is subject to certain consents and approvals the Directors are confident that these will be obtained and look forward to providing updates as this process progresses."

We are set to go now. Looks like a Petalite and a spodumene deal in the pipeline. 100% ownership clears up the capital structure.