Member Info for highlandmatt

They seem to be offshore Morocco.

He posted less than half an hour ago!

There's an interesting logic catch-22 here. PRD has previously released well data and logs promptly, but not this time. Some opine previous wells are dusters, and Mou5 too. If so, why the change? If previous wells are dusters, then does the change indicate positivity? If the change is negative, then previous well results were positive. If the behaviour has changed, why?

That matches my estimate / expectation. Any income is welcome though.

From discussions on the Touchstone discord, the incoming party is oil and gas friendly, with a view to cutting taxes to boost investment and production.

I think it is just semantics. PRD is talking about production and you are wanting the word 'sales'. I don't think they will just fill the tanks for no reason.

I wonder if PG is in a position to say to Ireland, if you don't take Mag Mell, we'll offer that slot to Morocco, and you will lose the place in the queue?

There was some discussion on discord that this figure was taken from a ministry table showing production over a previous 12months and the yearly average.

Hi Keith, I recall mention of a horizontal fault. Could that result in the anomaly being not above the reservoir?

Because the Successor licence increases the value, which the farm out then confirms. There should be a cash element, which bolsters the balance sheet. SP should rise. Which then makes the CEG purchase less dilutive.

Better to have the Ireland news drop.

Trinidad has just elected a new government. It is usual practice for the civil service to wind back on activity during elections. Will also need to appoint a new Energy Minister. Expect approvals are taking a little longer. But hey, you invest in a Caribbean island, you expect these things, don't you? Just chill. Things will happen when they happen.

The RNS was over a month ago. It is reasonable to conclude that 'shortly' would occur by now.

PB previously guided that 60mmcfd was worth $4m net a month to TXP (at 80% ownership), so $5m gross. So, CB at 20mmcfd is a third of that $1.66m a month gross. 65% ownership = over $1m a month. Even if we don't get any higher contract selling prices (some of CB production is sold at double Ortoire?), that still gives over $3m a quarter and $12m a year. 2 x revenue = $24m, fits with what we are paying. $24m = £18m. Divided in to 233m shares = CB worth 7.7p a share.

Had a sneaky top up this morning.

It costs money every time you issue an RNS. I'm happy for periodic updates covering a number of items. I don't need to be told about each and every happening. The company said workovers had gone well, operation and sales agreements had been concluded, and sales would be commencing shortly. That is enough for me.

Oil sales have commenced from bonasse. Keep up.

Easy for you to say! (and understand) 😜

Translation? - most traps have salts above?

Sound?

I wonder if each lab requires a back and forth regarding processes, so it might be more efficient to deal in batches, all getting the info for each stage at the same time?

Expansion and funds received equals progress. Good news to be celebrated.