Member Info for highlandmatt

Yes, that's sales revenue, and there will be costs, royalties and taxes, but it's the start of becoming profitable.

I don't think folk have appreciated the significance of CM. Touchstones's legacy oil production of 1100bopd delivered $7m in Q1. So just 110bopd = $700k or $2.8m a year. Enough to cover the G&A costs of our small team, and clearly demonstrating the benefits of keeping costs low.

Because PRD already has the other 83.8%.

Looks like TXP disposing of non-core liabilities. From Predator RNS:-

Sale and Purchase Agreement executed for assignment of a further 16.2% interest in the Cory Moruga

Mcap still only £3m.

All aboard the recovery train?

I'm trying to take heart from the fact the oil has obviously been flowing to surface, just intermittently with the ESP. So, it's not a duster in the technical sense. Having put the ESP in place, if it doesn't clean up through a shut in, will they need the rig back to retrieve the ESP?

Possibly worked all day given the opening price this morning?

Slave - that is just rampy bullocks. You've just lost any credibility.

Thanks for the response, Fever. Folk can draw their own conclusions, and place their bets how they feel.

Fever - how do you know it wasn't flowing yesterday?

He or she appears to be stating that the well has been flowing strongly without a pump for 3 days. However, no source, so could be a pump and dump.

Currently? Source?

Chesh, don't forget those shares paid for wells that proved up larger resources.

Well, if the rig has left the site, then there aren't any fishing operations ongoing?

Another 10%. Showing 30% up in 5 days. Speculation, accumulation / positioning, or does someone know something?

Looks like about 40m shares dumped. About £20k worth. Last of the placing shares churned?

Chariot will retain a 30% and 37.5% interest in Lixus and Rissana respectively, with ONHYM maintaining a 25% stake in each licence . · Chariot will receive:

o US$10 million payable on completion of the transaction

o US$15 million payable on Final Investment Decision ("FID")

o US$85 million gross carry including:

§ All Lixus costs up to FID, including the additional Anchois well with a gas flow test

§ Planned Rissana seismic acquisition costs separately capped at US$7 million

· Following completion of the Anchois well, Energean will have the right to acquire a further 10% of Chariot's equity in the Lixus licence for:

o US$850 million gross development carry to first gas (including the US$85m gross carry)

o US$50 million 5-year zero coupon convertible loan note with a strike price of £20 adjusted down for dividends or issuance of three million Energean shares, at Chariot's option on FID

o 7% royalty payment on Energean's gas production revenues in excess of a base hurdle on the realised gas price (post transportation costs)

It really is a magnum opus, and too large to copy and paste. Plus you would lose the supporting images.

Good time to buy. Shame I have no funds available at the moment.