Member Info for Jarv55

GHANA: New Oil Province
? 2 billion barrels discovered to
date.
? Production began from Jubilee
in 2010.
? competitive conditions and
large exploration potential:
– Royalty – 12.5% on oil
– GNPC Carry – 10%
– Income Tax – 35%
? Clontarf holds a 60% interest in
a signed agreement on Tano
2A. Discussions underway.

Clontarf holds a 10% interest in the Sasanof-1 well in Australia’s NW
Shelf during May/June 2022
? Clontarf holds a 60% interest (Petrel 30%, Local 10%) in a Tano Basin
Agreement Block 2A offshore Ghana. Following litigation due to nonratification we agreed to update block co-ordinates.
? Clontarf has a long-standing interest in Africa’s internal basins. A MoU
with the Chadian authorities covers sedimentary basin available close
to export infrastructure.
? Clontarf is updating proposals to explore and develop medium lithiumbearing salt-lakes in Bolivia. The authorities are now updating the
Lithium Law to facilitate JVs with the State Lithium Co.

Clontarf Energy plc is an emerging lithium, and oil & gas Exploration & Production company focused on South America and Africa
Clontarf Energy plc operates a number of high potential exploration properties.

Clontarf Energy has 60% of the Ghana Tano 2A Block – a 1,532km Block, close to four recent discoveries. We await ratification of the amended Petroleum Agreement by Cabinet and Parliament, in accordance with the law.
Memorandum of Understanding signed with Chadian authorities on sedimentary basin acreage available close to the export pipeline.
There are ongoing discussions for additional oil and gas exploration opportunities in other prospective countries.
Clontarf is in discussions with the YLB, the Bolivian State Lithium company, on exploration and development of high grade, low impurity salt-lakes. Samples analysed, and initial processing work underway.

Agree everyone should do research for themselves tech wise Clon looks poised for another move up https://invst.ly/-gipu

SundaGas founded in 2016, with focus on gas in Asia
? SundaGas shareholder is now UK-listed Baron Oil Plc
? Office and team established in Dili
? SundaGas operates TL-SO-19-16 PSC, with 75% WI;
TIMOR GAP is JV partner with carried 25% WI
? Chuditch-1 drilled by Shell (1998) in 64m water
? Discovered gas in good quality Plover reservoirs
? LNG-scale; Contingent Resources 1.1 Tcf 1
, Prospective 2.1 Tcf 2
? Evaluation status
? completed extensive 3D seismic reprocessing and CPR
? Planning for Chuditch appraisal drilling
? Seeking investment partners to participate in project

presentation https://wp-baronoilplc-2020.s3.eu-west-2.amazonaws.com/media/2023/03/Baron-SEAPEX-FO-Forum-Presentation-Monday-6-March-2023.pdf

Nice to see the Pr starting https://www.seapexconf.org/technical-programme-2023

Any idea when the Q1 numbers come out here?

They can't tell the market the gas is commercial until they test it. The idea is to drill deeper and do a side track, there is potentially a lot more gas there. Its now part of a 3 way dip and could be feeding Sunrise.

Pattison ANPM are now also presenting https://www.seapexconf.org/farm-out-forum

Bottom line if we get a JV and they drill and get a strike Boil will be worth a billion and Boil will be multiples from here . If they don't have commercial gas we will see the lows again.

The placing wasn't that big will be flushed through soon.

Interesting there are 9% short on Spreadex that is going to hurt if this buying volume continues.

A number of observations are emerging from ongoing interpretation of these data:
• The Chuditch discovery appears substantially larger than previously assessed, with P50 estimate of recoverable
gas resources of approximately 1.1 Tcf, significantly greater than resource estimates from earlier mapping.
• Adjacent prospects have either been enhanced, modified or removed on the new 3D PSDM mapping compared to
earlier vintages. These additional features are anticipated to hold further mid-case prospective gas resources of
approximately 2.1 Tcf in total.
• Subsurface risks associated with these resources have been significantly reduced on the improved new seismic
dataset.
• The Wangarlu Fm. shales appear to behave in a ductile fashion, with faults in the underlying Permian to Lower
Cretaceous being dislocated from the Upper Cretaceous and Tertiary, explaining structural differences and the
regionally effective nature of the seal.
The uplift achieved through seismic reprocessing, and the resulting realisation that the Chuditch field appears to be materially
largely than previously thought, means less appraisal drilling is likely to be required to achieve commerciality on the field. The
effective ‘concentration’ of resources into the field that had previously been thought to sit in outlying prospects and leads
simplifies the expected development concept, with fewer development wells required. These results add material value to the
Chuditch project.

Worth a read
https://www.seapexconf.org/upload/ckimage/files/SEC%202023%20Session%2003%20-%20ABSTRACTS(1).pdf

At Chuditch in our Psc we carry 100% of the costs for our 75% I would imagine Timor Resources have to do the same. Can't see Timor Gap not getting that right lol. Funnily enough Timor Resources are presenting in the same slot as us on the 7th.

So they just cut costs on wages wonder who they bring in.

That is some uplift
https://twitter.com/Huzayl_A/status/1631234626680156160?s=20

https://www.seapex.org/sec-2023-brochure/ it is only a few days until the 7th big players attending that event.

Would be good if the company put the Cpr on the website