Member Info for Jasper13

Https://www.linkedin.com/posts/condor-energy-services-limited_a-big-shout-out-to-the-crew-at-apv-contracting-activity-7296760387994103808-KnmA?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAN3Bl4BbvrrU0GNpM7DIV3YGqHUlVdGM44

Great to see matters moving at pace and keeping the market updated. Previous surrounding drills have target depth of around 1400m. See also presentation link -

https://diamantinaenergy.com.au/wp-content/uploads/2024/02/Diamantina_presentation_v17.pdf

As this seems to be the topic of some debate today.....Chat GPT view. Make of that what you will?

A smoking stack next to a gas well being drilled is typically a flare stack or mud degassing system used for safety and operational reasons. Here are the most common reasons why you'd see this:

1. Gas Flaring for Safety (Flare Stack)

During drilling, unexpected gas pockets (such as natural gas or associated gases) can be encountered.

To prevent dangerous gas buildup near the rig, excess gas is diverted to a flare stack where it is safely burned off.

This is common in high-pressure reservoirs where gas kicks (sudden influxes of gas into the wellbore) need to be controlled.

Flaring is also used when testing a well to measure gas flow rates before connecting to production facilities.

2. Well Control and Pressure Management

When drilling through gas-bearing formations, mud systems are used to control pressure.

If gas enters the drilling mud, it must be safely vented and burned off to prevent dangerous well blowouts.

The mud-gas separator separates gas from the drilling fluid, and the gas is sent to the flare to be burned off.

Https://x.com/klopps_kop/status/1898815374126207102?s=46&t=ujXM_Bl2CwkWFoCeBiJtWQ

So give me your analysis then iParsnip ???

The Naccowlah-1 well in the Naccowlah Oil Field is likely the closest producing well to the Wilson River prospect, given the alignment of their NW-SE migration pathway and similar structural features. (See EME RNS dated 23rd January).

Santos are the operator and they are referred too in the RNS.

Naccowlah Field has been producing for several decades, and its proximity to the Wilson River area makes it a relevant comparison.

Nm

Please post link to Reddit

New NAV based upon increased 52.8% stake to EME.

Low case scenario (8.7MMBOE) - 50% recovery factor/$44.80 gross profit per barrel (based upon Bass Oil Worrior & Padula field - Cooper Basin.

NAV - 10 year field span/10% DCF/52.8% share to EME = $49.8m NAV - £0.0131p

Mean case scenario - (21.3MMBOE) - 50% recovery factor/$44.80 gross profit per barrel (based upon Bass Oil Worrior & Padula field - Cooper Basin.

NAV - 10 year field span/10% DCF/52.8% share to EME = $122.2m NAV - £0.0258p

MAKO...

NPV10 of US$49m (Sept 22 RNS) - £0.0121p - (Buyer willing to pay say 50% of that value - £0.0062p)

So Wilson low case £0.0131p + Mako £0.0062p = £0.0193p

So Wilson mean case £0.0258p + Mako £0.0062p = £0.032p

Huge upside, seriously undervalued. 14 x bagger for low case, 22x bagger for mean case.

Access site clearance has started, and drill pad preparations underway. Final permit drilling approvals could come anytime now.

Would suggest next update will be a date for spud which is planned for this month. Seems to be moving at pace and buyers taking positions in anticipation.

Wouldn’t be surprised to see news of an operational update tomorrow 😉

They need to crank up the PR.

There are some seriously warped and unhinged people on this board, wishing nothing but ill fortune on others. What kind of world do we live in today, when key board warriors spill vile vitriol to others wishing them bad luck poor outcomes.

thebold...I can't even say I pity you, it just begs the question what type of individual you really are?

From Flagstaff

https://x.com/Klopps_Kop/status/1896492197916053673

Recent Oak Securities note mentions;

“We understand that the company has received several unsolicited expressions of interest for participation in any future drilling programmes

that may be required should Titanosaurus hold gas and/or helium in line with pre-drill expectations.”

So what have they been told? Data? Should MOU5 prove successful, matters could move quickly.

Still only £5.4m market capital :-)

Could be a pre-cursor movement due to news of "

> Pre-drill surveys

> Pad under construction

> Rig contract finalised and spud date

> JV operating agreement between Condor/Chi & EME

Thanks MrH_m....its a start for valuation metrics. Still variables to consider.

Thanks ilovesushi......been here a log while and sentiment changing for the positive.

For anyone trying to calculate the potential market capital on the two current prospects.

Wilson Drill...

Low case scenario (8.7MMBOE) - 50% recovery factor/$44.80 gross profit per barrel (based upon Bass Oil Worrior & Padula field - Cooper Basin.

NAV - 10 year field span/10% DCF/40% share to EME = $47.9m NAV - £0.0119p

Mean case scenario - (21.3MMBOE) - 50% recovery factor/$44.80 gross profit per barrel (based upon Bass Oil Worrior & Padula field - Cooper Basin.

NAV - 10 year field span/10% DCF/40% share to EME = $92.6m NAV - £0.0231p

Mako....

NPV10 of US$49m (Sept 22 RNS)

£0.0121p

Buyer willing to pay say 50% of that value - £0.0062p

So Wilson low case £0.0119p + Mako £0.0062p = £0.0181p

And today we are at £0.00155p!!

Thats 12x value compared to today..........

So Wilson mean case £0.0231p + Mako £0.0062p = £0.0293p

And today we are at £0.00155p!!

Thats 19x value compared to today. Significantly undervalued at todays price. The known for me is that Mako sell down of EME stake is just around the corner. Conrad have confirmed - "in advanced exclusive discussions with a partner for Mako." News could land anytime. Wilson Project is progressing well and the company are keeping the market upto date. Next news due here - 1. Pre-drill surveys 2. Drill contract finalised 3. Drill pad construction 4. JV farm in agreement.

For anyone trying to calculate the potential market capital on the two current prospects.

Wilson Drill...

Low case scenario (8.7MMBOE) - 50% recovery factor/$44.80 gross profit per barrel (based upon Bass Oil Worrior & Padula field - Cooper Basin.

NAV - 10 year field span/10% DCF/40% share to EME = $47.9m NAV - £0.0119p

Mean case scenario - (21.3MMBOE) - 50% recovery factor/$44.80 gross profit per barrel (based upon Bass Oil Worrior & Padula field - Cooper Basin.

NAV - 10 year field span/10% DCF/40% share to EME = $92.6m NAV - £0.0231p

Mako....

NPV10 of US$49m (Sept 22 RNS)

£0.0121p

Buyer willing to pay say 50% of that value - £0.0062p

So Wilson low case £0.0119p + Mako £0.0062p = £0.0181p

And today we are at £0.00165p!!

Thats 11x value compared to today..........

So Wilson mean case £0.0231p + Mako £0.0062p = £0.0293p

And today we are at £0.00145p!!

Thats 20x value compared to today. Significantly undervalued at todays price. The known for me is that Mako sell down of EME stake is just around the corner. Conrad have confirmed - "in advanced exclusive discussions with a partner for Mako." News could land anytime. Wilson Project is progressing well and the company are keeping the market upto date. Next news due here - 1. Pre-drill surveys 2. Drill contract finalised 3. Drill pad construction 4. JV farm in agreement.