Member Info for Jungmana

RK at the top of the charts look for filter drop down. Click on it and enter the name you want to filter. Then apply.

That PaulBrain was never here till yesterday and already lecturing others.

Since refocussing its activities on Southeast Asia, the directors have substantially reduced the ongoing costs of the business and the Company previously announced that it has sufficient cash until Q1 2025. Seascape has existing cash of approximately £1 million[3] and costs of approximately £250 thousand per month, including forecasted spend at DEWA and minimal spend on Block 2A prior to completion of the farm-out.

While the Initial Farmout Consideration is substantial, the timing of completion is uncertain and the Directors believe that it is appropriate to ensure that the Company has sufficient financing to enable the Company to execute the Block 2A farm-out, progress DEWA towards FDP and pursue further growth opportunities in Malaysia and across Southeast Asia.

Given the shallow water depths and nearby infrastructure, the partners in the DEWA PSC are targeting a low-cost development plan utilising existing technology, which could support a potential production plateau of up to 100 mmscfd (17 kboped). DEWA has a low-cost initial work commitment of approximately US$0.6 million net to Seascape, to conduct a detailed resource estimate and deliver a Field Development and Abandonment Plan ("FDP") within two years, currently targeting first gas in 2027.

The farm-out of Block 2A marks an important milestone in the transformation of Seascape into a fully funded, Southeast Asian focused E&P business with a combination of firm value in discovered resources on the DEWA PSC and significant upside associated with its retained interest in the world-class Kertang prospect.

To be fair to Malcy , he has been very bullish here since the move from Norway to Asia .

Good write up by Malcy. Even with my little 15 year experience on the market if you find a gem such as SEA, buy and sit tight. Trying to trade it will only end up losing the profits you made here on some dog AIM share.

Have built up a decent holding now close to 900k shares over the last 6 months and for me that's big as it is about a third of my cash invested here.

God to see JM buying more

We had a mute share price reaction on the day of the Dewa award news and it was on the following day after the presentation that the share price took off.

Have added a few about 38p as this is a long term hold for me with my average about 16p.

Superb deal imo.

From now to mid December expecting Hussar drilling permit to be granted and news too on Mt Winter.

Exciting times here.

You are correct about drilling permit timeline. I expect the permit in the second week of December.

If we get an rns tomorrow it would be on general company update especially regarding the recent hussar site visit and preparation works.

From June

https://youtu.be/vY_cTIJaNy4?si=hDjGorAHSPejuonK

Based on Cameroon alone TRP should be GBP 20+ million market cap on farm out. Not to mention the huge Namibia and South Africa acreages.

https://envoi.co.uk/projects/active-projects/africa/cameroon/

TRP

“All long-lead items have been purchased, the site survey is completed and the jack-up rig has been contracted and will mobilise in Q3 2024.”

“The economics show a four well ‘stand-alone’ development of just the contingent Northern Njonji resource potential is commercial. This could produce 8,000 bopd, with the proximity to local infrastructure providing rapid cash flow with recovery of exploration costs under the PSC from potential annual cash flows of >$100 million and an EMV10 of US$118 million. An additional EMV10 of US$82 million is calculated for the development of the prospective Southern Njonji resource potential. Substantial 100+ MMboe potential upside remains undrilled in the Dissoni South and Idenao East analogue prospects in the Block, immediately south of Perenco’s Dissoni field.”

hTTps://energycapitalpower.com/proposed-financing-for-thali-permit-could-unlock-investment-in-cameroons-oil-sector/

Cameroon, Namibia and South Africa each valued at GBP 2 million right now. Insane undervaluation imo

Imo should be 3 times that before accounting for any JV ( farm out)

December will be a huge month for gex,

fully loaded and sitting tightly.

gla

GBP 6 million market cap for Cameroon alone is cheap not to mention South Africa and Namibia.

Multi billion barrels potential .

Churning through the last of the recent 1 billion shares placing imo.

Hopefully we see a rise to 0.04p+ before the farm out news lands soon.

GLA

I understand delays can be frustrating but farm outs involve lots of legal work and takes time as JA said in last weeks interview.

As an example SEA recently promised an acquisition conclusion in July but was finally delivered 3 months later.

Am expecting the deal to be concluded next month.

I genuinely believe TRP has the potential to be a GBP 100 million market cap company in 2025.

3 huge projects in 3 excellent jurisdictions with lots of majors operating in those areas.

Multi billion barrel potentials

Meant post this recent interview:

https://youtu.be/g7rAe79EJxY?si=n4oL6DTOO-yhs4sb

Takes time and plenty legal works to conclude this kind of deals. Eg recent Dewa acquisition by SEA.

Will happen just load up and have a bit of patience.

https://youtu.be/5LCrGwugwPo?si=EVNFBcN7kjhig2_q

I just added a small 7 million . Have built up a holding close to 200 million shares here and imo this could be one of top shares for 2025.

I repeat clink 1 is already a success. Our primary target zone the Flathead is a success and is the main helium.producing zone on the Montana helium Fairway.

"The results are contrasting to the 2.5% helium identified in the underlying Flathead formation, the primary target in the Clink #1 well, implying an excellent seal"