Member Info for itsawrap

Those links dont work directly

https://oklahoma.gov/occ/divisions/oil-gas/oil-gas-data.html then click 'Visit OTC'

...this is what I have found. I am very interested to see a link for the 52bpd...

Andrews-1 https://oktap.tax.ok.gov/OkTAP/web/_/#7

'Production History' tab says 1549.75 (active 17.04.24 to 30.06.24) = 20.66 bpd over 73 days

imo this is likely affected by many down days due to upgrades

'Oil volumes are reported by the number of barrels produced.'

Andrews-2 https://oktap.tax.ok.gov/OkTAP/web/_/#4

Active Date 29.07.24 - no data posted to date

I disagree re CS, the application appears to be in the final stage although it doesnt state a time period for that decision

It looks as though 2024 revenue will be "up to £1.4m", however they said they have sufficient working capital (fundraise and loan facility) "for at least 12 months" from May 2024. After recently dipping in and out, I'm staying out for the moment as I expect the sp to drift lower

The June 2023 Interims appear to say that RPs loans at that time were USD 27.5m (I'm not an accountant). Assuming BCE loaned the proceeds of the fund raises, RP's debts will be much higher now albeit some as inter-company debt.

Considering revenue of only circa Euro3m pa, it will be interesting to see how BCE moves forward.

'Production in this range, when combined with existing production from SCHB-1 and Lauben (approximately 30 bopd), is estimated to generate gross revenues of €2.3 - 3.7 million per annum (at US$85/bbl Brent).'

28.06.24 RNS 'The Company has also engaged with approximately 90% of the creditors of Rhein Petroleum with the aim of agreeing a reduction in liabilities and a deferred payment plan based on future cash flow generation of Rhein Petroleum'

Do we know the extent of RPs debts? Also, wrt creditors, is BCE a major creditor as presumably monies would have been transferred from BCE to the RP subsidiary as loans?

Sorry typo - it's interesting to see Crosby increasing , has there been a workover?

Wressle May 383 x 30% = 115, W Firsby May 18.5 (100%), Crosby May 83.2 (100%), Whisby May 32.3 x 65% = 21

...thats 237 bpd for May about $500k net

March 5.5 bpd

April 73.4 bpd

May 83.2 bpd

Re WN perhaps no-one in the industry takes them seriously? Perhaps all they see is 2 wannabees who are milking investors for all they can? that's certainly how I see them however I have re-invested as I believe CS has a very good chance of succeeding. I perceive WN as a vanity project that will never come to fruition but it does allow them to carry on milking investors. all imo of course :)

Will the £3.2m sale price be subject to Taiwanese taxes before being remitted to the parent company?

Https://oilprice.com/Energy/Natural-Gas/Big-Oil-Doubles-Down-on-LNG-as-Renewables-Falter.html

relevant as Colle Santo is all about LNG albeit on a small scale

Europa feels like Reabold, always chasing the big win while taking big salaries - meanwhile the sp is in the toilet. Fortunately Europa has Wressle paying the bills but until a "big win" materialises, Europa is just another lifestyle company

RNS 18.07.24

'Completion and production testing of the Andrews 2-17 well is scheduled to commence within the next 14 days.'

..hopefully we will have news for A-1 and A-2 within days!

Unfortunately playing fast & loose with the truth is par for the course with these small oilers. LNe seems to be much closer to a decision, if permission is granted there could be serious upside to the current sp...

Received a reply from Walbrook

"Thanks for your email. As announced by the Company in its July AGM statement, the Company has already submitted its request to reclaim the c.£12.2m VAT paid to HMRC. I cannot provide any further details on the time frame used by the Company for its VAT returns, but any material updates regarding the VAT reclaim will be announced via RNS."

LNe CS application has the following key dates

Date of submission of the application: 09/01/2024

Launch date of public consultation: 26/02/2024

Deadline for submission of Public Comments: 27/03/2024

Date of start of the technical investigation: 26/02/2024

Additions Request Date: 29/07/2024

the last one has just gone - so far no documents posted. Could we be close to the finish line?

hTTps://va.mite.gov.it/it-IT/Oggetti/Info/10561

Tac why do you have such a problem with constructive criticism? I can give lots of examples where transparency has been lacking. where's the transparency for the "monthly" income from Royalties? (7 months and counting). where is the statement re the BIsc planning being overturned? where is the explanation for Kedd not being drilled in H2? where is the detail for the Kedd "upgrades"? where is the Q2 wressle update?...etc etc

If you dont like what you read on this bb...jog on :)

transparency? ...what a load of *******s!

Yesterday I emailed nova asking for confirmation of their vat 'accounting period' and in which period the £12m refund request will be included, so far just an automated reply. "Thank you for your email, it has been forwarded to our Investor Relations partner Walbrook PR and they will respond on behalf of the Novacyt Group."