Member Info for highlandmatt

With the well telegraphed pipeline of significant news events in July, I'm surprised more folk aren't stocking up.
Currently below the value of discoveries made already, significant reserves upgrade, more drill action imminent.
What's not to like? Are you not entertained?

Canada Day.

Especially after the Canaccord BUY recommendation with 70+p target.

Seems confident.

Absolutely. Not unusual for signing ceremonies with senior folk to be rearranged due to travel disruptions or other priorities crop up at short notice.

Indeed. What is worth more to Zubair / Eclipse? $5m of loans or 50% of Ruvuma? Given that even Solo has managed to get 5m in financing, AEX is not dead. it has 75% of a world class asset, with a licence now. This is just a delay caused by bureaucracy and possibly Covid. It is in everyone's interests to get this over the line. Don't forget AEX is Zubair's vehicle, including the CEO, a trusted senior executive of long standing with the Zubair organisation.

Either that, or MMs are gathering stock in anticipation of a rise later in the month? Otherwise the price would be down with all these large sells.

Given the stated aim of the AEX CEO is to partner with a cash producing company to deliver immediate income, I believe AEX taking on any extra of Ruvuma to be extremely unlikely. Just IMHO of course.

A commitment to buy up to 5m when mcap is 7m. Does that count as a cornerstone investor?

Aminex doesn't have the money to buy any of SOLO' s share.

Thanks shellguy.

I'd be very surprised and disappointed if PB let this go for £1/£183m. Coho and Casca will be generating $50m/ annum next year, and the vast majority of that should be profit.
What did his first 1m shares cost him? Do I recall that he had a 2 CAD initial buyin? Director dealings on here only go back to Jan 2019.

Brent down 8% last time I looked, so all O&G will be sold off.

So, our team has been 7 days a week for almost 3 months. Hope everyone is keeping well.

Busy busy with work. I work for NHS and support care homes.

I've just had a flashback to Top Gun. "Any of you guys seen an aircraft carrier around here?"

Thanks Woody. Very similar flows to what we have found. Let's hope the size is similar too!

Funny how PB gets lucky with every decision or event. It's almost as though some folk make their own luck, isn't it?! ;)

Not my tool. https://geology.com/royalty/

My own comparator is a well that another company I have shares in. That was running at 12-15mmcfd, and generating $800,00 a month, for a 64% share, at $3/mmcfd. So $1.2m/month for 100%.

Multiply that by 4 for Cascadura = $4.8m, times our 80% holding = $3.84m / month = $46.08m per year.
That's just for the gas.
Add in COHO at say $800,000 (slightly lower flow than my comparator, but a higher %, that's another $10m/annum.
So $56m / annum, minus operating costs, just for the gas we have found so far (i.e. no second well at Casca).

Adding in your $20m+ for condensates = a lot of income!

@Dana - your numbers look about right to me.

I found the below tool, which is designed for a different purpose, but it seems to work out right, just for the gas, without adding in the condensates. (80% ownership, 60mmcfd, $3/mmcfd)

Natural Gas Royalty Estimate

Here is the data that you entered
80 Your royalty rate.
$3.00 Average wellhead gas price.
60 Average well production rate in millions of cubic feet per day.
1 Acres you own within the well's production unit.
1 Number of acres in the well's production unit.
$4,320,000.00 Your expected royalty payment per MONTH (before expenses).

Calculate another royalty

Don't assume that you are rich yet. Learn about natural gas well decline rates

This information is provided by Geology.com for entertainment purposes. The amount of your actual royalty can differ significantly from what is shown above. The royalty payment above is based upon the information that you provided. It includes assumptions which might not fully represent the conditions of your lease/royalty agreement and market conditions at the time your gas goes to sale.

Either buy more, or hold long and strong, depending if you have cash available. The next year will be very interesting.