Member Info for highlandmatt

Banter is fine, but can we leave the name calling out, please?

At the risk of labouring the point and stating the bleeding obvious, that is just Coho-1 and 2x Casca wells. The facilities with take much more so if we can drill Coho 2 and another couple of Casca development wells in the next couple of years, you can double those figures. Then there's Royston 1 sidetrack, Royston Deep and Krakken. Even if these fail as exploration wells, there seems a high chance these will produce (say 500bopd each?). That's another few million profit. It really is just managing the drilling schedule to match the (expanding cashflow). Growth guaranteed.

So....Coho $400-500k /month to the bottom line. Casca $4.5m/month. Late Sept. Added together $5m. X12 months = $60m per annum or £45m. Plus a few million for existing operations. Plus Royston. By the end of the year, should be knocking out a run rate of over £50m net profit per annum. Current mcap looking very cheap.

'thousands of barrels of oil sold' from Royston.

I'll be at work unfortunately, but thank you for the open offer Pete.

If the market is never wrong, it would be very hard to make money investing. With better information, a different perforation strategy, I would be happy with another 4 wells hitting the same zones. If it wasn't for the stuck tool, TXP would be producing a lot more oil from that well.

Joey - I disagree. We are further forward as a result of Royston 1.. We now have a lot of data about what is down there. From the previous Shell well, the thinking was gas. Now we know it is oil. Did Shell just hit high pressure and assume it was gas? Who knows, but the company has declared Royston to be commercial and intends to develop the field. The reserves report ascribes a minimum of 120m barrels of oil. Yep, sounds like a duster to me.

Courtesy of Pro.

https://twitter.com/Proselenes/status/1524706083108925441?t=LZgY45bVX3aGAYkJDmHHVA&s=19

https://www.proactiveinvestors.co.uk/companies/amp/news/982103

https://www.proactiveinvestors.co.uk/companies/amp/news/982103

Fair play Porters. Indeed, it also shows the strength of PRD's position. Expect company changing news in around 2-3months?

Indeed Keith. $20m would be a bargain for 25%, but would secure PRD and drive the project forward. I note the aim is for the new JV partner to shoulder a higher share of the project costs as well.

*new project progressing.

Excellent. Ireland licence progress. Interest in Magg Mell. T&T be project progressing, actions being taken to recover debts from old project. Morocco - wow. Multiple interested parties which we have had to short list. Dictating terms. Positive Board appointments incl finance experience. Real potential of money coming in and everything progressing. Have topped up.

Production up. Revenue up. Coho almost there. Agreement to sell the pipeline (cash due in). Cascadura approvals happening. $10m in the bank. Progress being made.

More time for me to accumulate.

I seem to recall Paul saying that Coho online and Casca EIA approval would be the green light to commit to the drilling program.

Heading in the right direction but slow. Greenan serves as a case study, and generates cash. If the fertiliser upgrade can be done from working cash, then great. Unfortunately it won't come quick enough to fund Ruvuma or fund additional AD plants. At least parallel financing is being looked at.

There's also the Nutech analysis and CPR.

I wonder how much an open offer to shareholders would raise?