Member Info for Leveller45

They operate on a shoestring. Very well mind you. But the Kaz goverment needs oil, minerals, renewables and to develop. They need to UP the game

SO WHY THE MONEY ?

How many times its annoying to hear we've moved rig a to b and rig c to d. Installation engineer rates must be premium.

Yea the new invester doesn't bring expertise but it brings money to get it and to expand an accelerate exploitation of the area. Something that is keen on the eyes of the kazack government. Just get it done , stop funning around.

Actually with all these potential deals not having a NED is very remiss of them.....

Well daisy if there isn't already a hurry up with the lastest Long stop date expiring tomorrow, but is does feel a little like that. Or this finance deal also sounds like a rush quickly to agree the principles of the deep before the AR deal concludes. If the AR deal happens tomorrow, I reckon the second deal is serious, if the first deal doesn't, then it's a hurry up and "any more interest" type of announcement to create urgency and stimulate potential M&A, partnership or sales.

So somm,

Assuming all correct, and seems to make sense:

A bit put back for development of BNG

Mining Venture purchase and investment in upgrade

Some for workovers on B8

Cash in Bank

Some retained for 3AB social obligations ?

What guess at a special dividend ? 0.003 ?

Mmmm, a related party offer to tempt out any potential "other party" offers.

One must be thinking the AR deal is part one of the trilogy.

Nothing concrete yet, not even a plan. RNS tomorrow.

RNS tomorrow then.

Somm,

I don't disagree with anything you say there. I just hope it makes sense when we have the detail and the what next.

I'm sure getting stuff done, making money and shaking off the doldrums of the last few years is on the agenda. Trouble is we have to wait, just a little bit longer....

Well somm we might, and I say might, not have to wait too long to see if you are a shrewder businessman than kuat.

I say might not wait long as there seems to be a rush to get heads of terms agreed before the shallow deal completes.

Whatever, a very interesting move and I'm sure we'll find out more sooner. I still remain very intrigued and positive, even though It's not what was expected.

I wonder how many drills you need to expedite WS, B8, BNG deeps and provide drilling services to AR when they complete the deal. Well if you want to do all this without playing "cup and ball" all the time with what you have you might view this as a shrewd move to create a lot more capacity...especially if you are confident there's plenty of the black stuff to go around.

Well there is still the mining proposition in a very sought after commodity. Development workover of B8, drill the WS and who knows what with 3AB.

Fantastic news. Will accelerate development, frees up much of the capital from sale of shallows and a sizeable investment to fast track exploiting the deeps. Things should really move fast.

I'm glad I wasn't out of this over the weekend.....

Sun , sea and sand thread. Enjoying life. No boring casp till big mama comes home....

Shallows deal and money this week will be the launchpad. Money in bag to progress plenty of initiatives.

CE no news, not even a flicker of recruitment for crew on the boards, NCOC seems undecided on what to do - not expecting anything here.

B8 lots to do here but license seems always delayed, waiting on goverment and money to progress. Unlikely to hear anything till cash in bank, same with mining opportunities.

WS, definitely work and movement on this over the last few months. Land clearance and wellhead sump look like they may be in place. Just a rig to transport. Setup and drill baby drill, prospects look good here and likely positive result this year. The geology looks good and satelotes confirm movement.

Two wells, one shallow and one deep attracted various permits and tenders for oil transportation. These two likely in short term.

Receipts on oil sold should provide reasonable confidence.

Other areas on BNG and Airshagl, Elemes show movement on satelites over the last six months. Preparation for license renewals ????

G70 rig, mmmmm....wonder if this will ever be purchased...perhaps when money in bank.

Some kind of return to shareholders ? Welcomed but let's hope balance is right. Invest in business opportunities tempered with bringing along positive shareholder/market opinion.

Money this week or next.....countdown to launch.

I remain positive.

I'm going for a Friday afternoon RNS signifying completion on BNG shallows so fasten your seat belts, last chances coming up to load for a special divi.

Things are now being lined up....

Some good questions. I don't know how much but you can easily look up social obligations for oil drilling in kazackstan, basically a charge to pump money into the local economy of the area and environmental causes. It would be interesting to know value and whether the overall license is worth the charge, I suspect it is but until capital is available I guess its a holding position till funds make it an option.

Did someone say RNS tomorrow ? Or next week ?

WS is probably ready to go. Wellhead sump is probably in place now, site clear

A license and a G70 might be the thing..

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