Member Info for highlandmatt

Mrc- I think what we are seeing is the BOD trying to put SCIR on a stable financial footing by acquiring and improving income generating businesses. The EAG JV is in its infancy, but going in the right direction. Greenan also acts as a testbed and showcase of what EAG can do, and that expertise is then marketable on a consultancy basis.

No bother, Methodology. It was my own oversight. Although in mitigation I now recall skimming that RNS on my phone in my car awaiting a PCR test to travel. It would be helpful if the company could update its website with this info.

Much obliged Trifle. I missed all those links at the time. Work was absolutely manic in the run up to Christmas.

Hi Methodology. I've read all the presentations and the CPR, but I can't find that nutech analysis of the Mou1 logs. Where is it from? Many thanks.

With all the discussion re Ruvuma, I thought it worth revisiting the RNS, specifically EAG.

1. The Greenan AD plant is bringing in more revenue than anticipated. Even with all the optimisation investments EBITDA to be more than guided in the first year. Once it is set up, it should improve again.
2. The tie up with SEM gives a product EAG can sell.
3. 2 more AD plants under due diligence.

EAG is cracking on and doing what we want it to do. I.e. they are doing the work (beats Gneiss?).

With cash in the bank, He1 shares worth £500k plus and Ruvuma, there's a lot to like for £6m mcap.

Yes. Lots of new gas power stations will require lots of gas. With renewed EU focus on energy security, better for Ireland to use Irish gas rather than import.

Thanks TT. Got it. Appreciate it

Thanks F&M. I have Reddit and am on the Predator O&G PRD site. Can't see anything recent from Methodology though? How do I search within the PRD page? New to that platform, and don't use it much. Many thanks

Link please?

NM - RNS 22 Oct...take your pick - 2TCF, 3TCF, 5TCF or 8TCF! Perhaps 2 TCF is the safer figure for now.

The seismic acquisition and subsequent interpretation will seek to refine and confirm the exploitable gas resources of the Ntorya field. As previously announced, through a re-interpretation of the existing 2D seismic dataset, APT's revised mapping and internal management estimates suggest a mean risked gas in place ("GIIP") for the Ntorya accumulation of 3,024 Bcf (8,236 Bcf unrisked), in multiple lobes to be tested and a mean risked recoverable gas resource of 1,990 Bcf (5,419 Bcf unrisked).

Full field development is supposed to be 140mcfd. That's 10x what Kiliwani was running at. That brought in $800k per month, $9.6m per year. So, Ruvuma should be $96m. AEX has 25% and low costs, so $20m profit? P/e of 10 equals $200m or £150m. About 4.5times current mcap, so 4p. That's just Ruvuma as it stands now and nothing for Nyuni, Kiliwani.

Another way to look at it is the 'in the ground value'. ARA Reckon close to 4TCF, so what's 1TCF worth? Anyone?

Are those 1m not sells, looking at the execution price and dip in SP?

Not very helpful though. Thanks.

Oops. Was that a case of get it burned now while focus is on COVID?

Good point, BDT, but you would hope they would take the general blurb (3 areas of ops) and be directed to the current stuff (e.g. presentations) for detail.

Hi All. The RNS mentioned a pipeline if potential future projects. Are any of these low capex?

I think it's even less work than that, Sefton. Just take the info from the company website, presentations, RNSs and CPR. It's all there. A few summary paragraphs from Paul and Lonny re comparisons with peers, a few of the Ireland press articles re energy shortages and now policy acceptance of gas. Bingo.

No problem Photo.

1.It's a good presentation. Some interesting technical comparisons with Barrackpore and Central Block. Look forward to seeing the updated presentation on the website, as I couldn't take it all in fast enough.
2.First 2x Western drills approx 120bopd each. Third to be perforated shortly. Oil production 1500-1600.
3.Royston EWT sounds like it is going well. Results will be RNS'd. Updated reserves report in mid-March.
4. Exploration and development programs to run in parallel in 2022. Coho awaiting paperwork/approvals. Cascadura expected July.

Take over - possible. RTO - no chance!