Member Info for LGO-fan

Right, before I fall of my chair PMSL...can anyone explain the 80bopd for me please? Weren’t guys all talking about 1,000? If this is what you guys have been waiting for, then I don’t know what to tell you

one step forward...2 steps back

lol!

On a serious note (we are talking Metallica), this is still the one for me, Faz!

https://m.youtube.com/watch?v=WM8bTdBs-cw

https://oilnow.gy/featured/opec-and-allies-agree-to-deepest-oil-output-cuts-in-a-decade/

https://oilnow.gy/featured/opec-and-allies-agree-to-deepest-oil-output-cuts-in-a-decade/

To be fair, he didn't hide it: he communicated it at a later date (he delayed it). The reason was so that he could communicate the new strategy at the same time.

Had he communicated it earlier, without a new way forward, we would all have been moaning about the lack of a said new strategy. (I certainly would have moaned about that!).

I believe it was the right thing to postpone the CPR until they had their new strategy sorted

Wish we were break even...., hopefully soon enough once we have the JV sorted and we can starting with the aggressive drilling campaign in Q2. Until then, it's share-accumulation time for me.

The service division is cash flow positive, though, and that part of the business is growing.

Dat vind ik ook, ja!

The only other thing I could imagine LK to do, should the company be ready to do so of course, is to issue the RNS this coming Friday.
Why? Because Friday is the 6th of December, and as anyone from the low countries will know, that is the day of "Sinterklaas". Saint Nicolas Day. Kids get their present that day (like here on Xmas day).

For those who want to expand their cultural horizon: https://en.wikipedia.org/wiki/Saint_Nicholas_Day

Anyway, you are all wiser now :-)

I make it Friday 13th....not that it matters

Molori is based in Borger, TX. How convenient.

https://www.marketwatch.com/press-release/molori-energy-to-acquire-additional-30000-acres-in-red-cave-oil-play-2018-05-07

Proof of concept

https://www.oilandgas360.com/molori-commences-sales-of-oil-from-red-cave-further-demonstrating-proof-of-concept/

Nice reference to Adams here.
BTW, all seem shallow wells they are interested in at $250k a pop

https://www.naturalgasintel.com/articles/108871-texas-panhandles-red-cave-formation-eyed-for-exploration

https://www.streetwisereports.com/article/2018/05/08/brand-new-oil-play-in-this-overlooked-texas-region.html

Seems to have 30,000 acres in that part of the world. Interesting article, a good read.

you are such a kill joy

1. Adams
2. Gould
3. Sunlight
4. Apache
5. Le Norman

Just wondering
5.

Let me try...This will soon be a $1bn mcap company, Stalin. Mark my words!

don't want start a political debate. I just cannot stand that "one vote" comment. It is democracy, you get to vote as many times as there is an election/referendum. Note that I still think this country would vote to leave in a 2nd referendum, so it would be the quickest way to end this never ending debate. I as a remainer could then accept the country has a different POV than I do.

Anyway, back to ATTIS!

hmmm....if I wanted to know which companies have acreage in Red Cave, which web-sites would consult?

Extension of Memorandum of Understanding



Attis Oil and Gas Ltd (AIM: AOGL), the AIM listed oil and gas company, announces that, further to the Memorandum of Understanding ("MOU") announced on 22 October 2019, it has agreed to extend the MOU previously disclosed with an owner and operator of approx. 25,000 leasehold acres in the Texas Panhandle to 1 December 2019. The MOU allows the Company to conduct due diligence over the acreage, determine feasibility, and, if satisfactory, enter into good faith negotiations on structure, and mutually acceptable terms for a transaction, further expanding their joint position in the Red Cave formation.

Indeed, though the day isn't over yet...