Member Info for Jarv55

HFB do you know who the large E&P company is?
The regional study work, carried out by a large European E&P Company, which included the area over Licence P2478, confirmed and enhanced the Company's geological understanding and corroborated their view of Dunrobin as a potentially attractive and substantial target. The results are being incorporated into the ongoing work programme which includes preparations for the seismic reprocessing in order to reduce further the pre-drill risk on the prospect.

Worth a read https://www.keyfactsenergy.com/news/14299/view/

The P2478 licence contains the Dunrobin prospect. Technical studies by our joint venture partners for
this highly prospective area have confirmed and enhanced the JV's geological understanding of this
potential large prospect. The prospect consists of three large shallow Jurassic rotated fault blocks that
are mapped mostly on 3D seismic data within a single culmination with Direct Hydrocarbon Indicators.
Reservoir targets are the Jurassic Beatrice and Dunrobin sandstones, overlain by a thick Kimmeridge
Clay to seabed. The prospect is approximately 30km offshore with a water depth of approximately 75m.
As such, providing further positive technical results and any drilling decision by the joint venture partners
to test Dunrobin, we see heightened potential for this asset to attract external farm-out interest and drive
shareholder value.

https://www.energyvoice.com/oilandgas/north-sea/457603/oil-majors-share-of-uk-production-poised-to-grow-boosted-by-jackdaw-and-rosebank/

Good to see the broker exercising their warrant and more cash on the books, clears the way for voting on a sale down the line.

8th Nov rbd presentation hopefully will include something on Dunrobin.
Dunrobin 3d results and the step change by the 4th quarter of 2022 hopefully presentation to follow.
Update brokers not due after this.
News due by the end of December on how TL and Woodside will continue with Sunrise.
News due Jan updated CPR catalyst for the JV talks to complete.
News due Jan on the licences Boil are bidding for in the 33rd North Sea licence round.
Appreciate the bod is being frugal with cash at the moment but twitter is free they could use that platform to up their PR game.

CdF1 I think 10p is dreaming we aren't even at 1p yet.

CDF1 no previous lengths have not gone some of us have been here for years and we are in for the real gains.

Oh and sorry I miss typed question 1 its a hundred million barrel resource not pounds

Much mre detail in the presentation but that is my take on the Q and A

10. Would you consider an outright sale if the price was right
The answer is Yes but it’s getting the price right, we do not want to produce we are not a lifestyle company, but a commercial company, our bag is exploration not doing the heavy lifting, at some point we will come away from it, and if someone wants to make an outright bid that is what we will do, it makes more sense due to the PSC situation we have.
11. Would Baron consider investing in other assets?
We are always looking at new ventures, we have joined a joint bidding group who is like minded and has assets already in the North Sea basin, we are looking at licences in the 33rd licence round, we want to re-load the PF so we are looking already at the next Chuditch and Dunrobin, we are also looking at other UK ventures.
12. Will you consider doing further presentations in the future?
Absolutely at the right time.

For the lazy here and I know there are a few lol
1 What is the progress on Dunrobin?
We have a 32% share in Dunrobin, estimated 100million pounds resource, Final step good grounds for optimism like Chuditch seeing a step change in size, we have a good relationship with our partners in Dunrobin, meeting with them regularly, crunch meeting to discuss revised risks and resources that we are seeing in the new information, expect to be involved in a JV campaign next year, might be internal funding for it not sure yet, good tax breaks if you are lucky enough to be paying windfall taxes.
2 Does the gas numbers that we have reported include the Co2 component?
The resource number shown is net of Co2.
3. How much more data needs to be done on Chuditch?
Working hard on data lot of time and effort and money to cover a large resource, real step change in our understanding, we are doing it in a diligent way, we have a lot of confidence in the numbers we are presenting but they will change due to data that is not in the 3d and the feedback expected from the Erce.
4. Is the weather an issue?
Great question yes, it is a consideration but its not a serious consideration. Weather is the worst at the beginning of the Year, Shell drilled at the end of the year in a short time.
5. Why did Shell give up the Chuditch asset?
25years ago there was not the gas market we have today, they weren’t targeting gas it was oil, no pipelines in place, oil price crash and gas was a failure at that time, but gas is very favourable now we are in a highly advantageous position, our good luck is Shell have already spent a lot of cash on the 2d etc
6. Has there been any signs of oil?
Short answer is no which makes its simpler for us that it is just a pure gas play.
7. Do any of our prospects cross over into block P or into the Santos licence or the boundaries of Australia?
No but this means we do not have the complications that Sunrise has.
8. How supportive are the government?
Firstly, our relationship with the government is very good, we have frequent meetings with them and they are extremely supportive, they appreciate the technical quality of work we are doing, they are very focused on Sunrise and bringing revenues to their country, it gets lots of media attention, they know time is running out with Bayu coming off line, we talk to them about Chuditch and have they have seen all the data, our assets could be developed before Sunrise and this would assist them with short term cash flow that they need.
9. Can you comment on the types of parties in the data room?
Obviously, I can’t say too much on this, but we are getting attention and interest from many different companies, utilities and financial institutions, can’t guarantee where anything will go but there is a lot of interest particularly from Asia.

There you go there is no excuse for anyone to say they don't know the fundamentals https://www.youtube.com/watch?v=NDgIbTm7n94

Some on here really do need to listen to the Q and A

Vicjain problem is some want an instant multibagger doesn't work that way. We have lots of news due this quarter.
Timor Leste is trying to do a deal with Woodside before December, Flng now being talked about as a faster to route option, Eni and Santos mou for a Flng, the Japanese showing more interest don't forget they have 10% in Sunrise. Bayu being decomissioned in a couple of months we will use their site for CCS. Our Cpr is due around January time this cements all the info presented in the data room, think news will all come together for Chuditch. Then we have the upcoming 3d results for Dunrobin where we know there has been a step change too. Crunch meeting coming up with Rbd and UPL. Shell taking a lot more interest in the North Sea. Baron to announce their new partner and what they are going for in the North Sea 33rd licence round in January none of this is far off. Investors will hold those that haven't done proper DD panic. Traders who go long and short try to influence for their own agendas just remember trust no one and do your own research.

Ballard you sound like you haven't researched at all

You are inside are you Casajaluma?

Appreciate emotions play a big part in investing but got to think like Buffet here, fundamentals are good, its not about the sp now its the end game, keep your eyes on the prize.

This is old but worth a read gives the history of Sunrise and how the government bought out percentages of Chuditch, using their budget, also with the Japanese news its interesting to see the Japanese stake in Sunrise. I personally believe Chuditch will be online before Sunrise at this rate. https://www.laohamutuk.org/Oil/Sunrise/18SunriseBuyout.htm

JC 123 I would say its the FLNG