Member Info for highlandmatt

Selling in Canada probably more connected to the analyst report SirMark shared that quotes a target price of 0.20CAD. Now that was hit, folks sold?

No, those are my target total production levels. Noticed that I still had CM as 400 in the sheet, so updating that to 500 makes the total $4m revenue.

I've pencilled in 25 from Bonasse, 475 from the ex-CEG fields and 500 from CM (Snowcap 1 and 3).

Let's get to 100bopd first. Cory Moruga will be key to that, and it is 100% owned. I suspect PG will take the service agreement route - it is working and keeps capital requirements low. That would give us approx $3.5m per annum. Different if we get a divestment of Ireland or Morocco. Then we might go it alone and 400bopd from CM equals $7m per annum.

The $100k is for a whole year of an extra 70 barrels per day. Increases income from $850k to $950k.

Just got home after a few days away and fired up my spreadsheets. I reckon the work done under the services agreement has added approx $100k per annum of revenue net to PRD without capex incurred so far.

*costed.

Cas 5 is producing. The RNS was 500boepd. I think it was 120bopd and 2mmcfd gas. Cas4 is an engineering problem they are working on. Once they have a coated solution, the BOD will decide whether/ when to release funds. They might decide the ROCE is better at CB.

The Block 9 (Central Block) acquisition came with four producing wells, a processing facility, and LNG contracts. Not comparable.

The theory is that Cascadura is a dual porosity fault / matrix structure. The faults give the exceptional flush production, then it slows to the matrix once the faults are emptied. Your thoughts on that Keith?

My reasoning for thinking that the PRD rise is not connected to the Central Block development well result is different structures - gas Vs oil. Having said that, Cascadura has both.

Can see it on his other machine? 🤔

Mcap less than £30m. Crazy.

1,000ft net pay, incl new and untapped intervals. Canada looking strong on open.

Not making any promises or predictions, but there are strong hints there.

Don't think so. Excellent news though.

Looks like fairly solid buying.

For clarity, my comment was directed to GGG and Crl.

Touchstone's mcap is closer to £20m than £40m. Have you used Canadian Dollars?

I see the season of peace and goodwill to all men is alive and well.

Transaction progressing well. News in Jan, completion Feb?