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Harvey Material Upside!

Highlights: -- Three-field hub development with first gas targeted by the end of Q2 2019 alongside first gas from IOG's Blythe hub -- 2P reserves of 248 BCF (44 MMBOE) to be developed at the Vulcan Satellites, alongside the Blythe Hub (Blythe and Elgood 2P reserves of 55 BCF), and subject to a successful appraisal well, the Harvey field -- Peak 2P production from the Vulcan Satellites hub targeted in excess of 150 MMcfd from a total of eight development wells -- Life-of-hub gross revenues expected to exceed GBP1bn based on forward gas prices -- Final Investment Decision targeted at the end of Q1 2018

Vulcan CPR got the sp to open 100% up on 12th Oct Harvey CPR next week will see us up ........% Watch is space!

“Our submission of the Field Development Plan for the Vulcan Satellites hub, expected later this month, will be the next important step in that regard.

Monday or Tuesday! Thu, 12th Oct 2017 08:26 The company also noted that it expected to report "significant prospective resources" in its Harvey structure in an additional CPR. "In addition, we shortly expect to receive a further CPR on the Harvey structure which provides very material upside to our portfolio," Routh said.

MM's know Harvey CPR Material Upside news is due by 31st October!

Harvey Appraisal - Material Upside - 100% owned 14 Source: [1] IOG 2016 Annual Report � 25 May 2017 and Beagle Geoscience / IOG November 2016 � A significant structure with the potential to be the largest gas field across IOG�s SNS portfolio � Reprocessing of 85 km2 of 3D seismic data completed � Revised resource estimates from reprocessing and interpretation of 3D seismic data � Current probabilistic resource estimates (P90-P50-P10) � GIIP: 77 � 176 � 403 BCF[1] � Resource: 44 � 113 � 290 BCF[1] � If successfully appraised, Harvey would be developed as a tie-back to the Thames pipeline � Reservoir quality is good, with hydraulic stimulation unlikely to be required � Discovery well demonstrated gas in system, appraisal well required to confirm volumes � Over 400 ft relief in Maximum Case Current activity: � CPR due October 2017 � Reservoir modelling and well design � Drill or drop well commitment by December 2017 http://www.independentoilandgas.com/downloads/IOG_Website_Presentation-12October2017-v5.pdf

IOG News by Tuesday! --------------------------------------------------------------------------------------------------- Independent Oil and Gas shares rocket after massive gas discovery Thu, 12th Oct 2017 08:26 The company also noted that it expected to report "significant prospective resources" in its Harvey structure in an additional CPR. "In addition, we shortly expect to receive a further CPR on the Harvey structure which provides very material upside to our portfolio," Routh said. As of 0820 BST, IOG shares had skyrocketed 84.38% to 29.50p.

As announced on 20 September 2017, the Company's regional representative in Mozambique is leading discussions on the Company's behalf with the two principal parties to a would-be resolution: the Mozambique Government and Jacinto Veloso. While the content of such discussions is sensitive, Pathfinder confirms that it has presented the framework of an agreement with Jacinto Veloso that would, if successful, result in the restoration of the licensed areas to Pathfinder's control. The terms attached to a potential resolution remain fluid and there is no certainty of a successful outcome to these discussions. As Pathfinder is able to control only its role in these discussions, the Company has no visibility over the timing of which a resolution may be achieved. The Board is, however, encouraged by the progress being made towards an alternative resolution and is optimistic that one can be concluded. Any material updates will be reported through the regulatory news service.

Potential value of asset Although much has happened in the industry since the expropriation in 2011 (some good, some not), the licences have considerable value. Even using a conservative valuation methodology, we believe the land package is worth a multiple of Pathfinder's current market cap. At its height, the stock was worth �85m and the last major institutional placing (�11m in July 2011) was done at a �50m valuation post-money or 50p per share. This followed the mining ministry�s granting of a full concession licence on the Moebase acquisition. Shares currently trade at 0.07p, for a c.�1.0m market cap.

Pathfinder risked NAV Our Pathfinder valuation starts with a �20m valuation for Naburi/Moebase to which we attribute a 25% risk factor for the legal decision in Mozambique and a 56% dilution factor for the cost of G&A and further technical work. This delivers a $4.7m (�3.8m) valuation and 2.7p target price. If the Mozambican Supreme Court decision rules in Pathfinder�s favour, it would result in an $11.0m valuation (�8.8m) and 6.0p target price.

Find a reason, stupid management!

Damn!

The remaining aggregate outstanding cash call balance for the Cambay and Bhandut PSCs is the equivalent of US$5.68m. The Company continues to maintain a constructive dialogue with its joint venture partner to resolve the remaining outstanding cash call balances. https://www.investegate.co.uk/oilex-ltd--oex-/rns/partial-receipt-of-outstanding-cash-calls/201706190700034068I/

Oilex announced that the C-23z core analysis has been completed. The analysis, by Schlumberger and Baker Hughes confirmed that the EP-IV tight siltstones at Cambay can be effectively stimulated, and that commercial gas flow rates are potentially achievable. The company has a significant multi TCF gas resource at the Cambay PSC in the EP-IV tight siltstones that requires drilling and stimulation optimisation technologies to achieve commercial flow rates.

Every one to their own choice! It's a frr world and your own money! Do as you please!

hTTps://twitter.com/EmergoCharts/status/897213660032106496?s=09 49p minimum Very Much appreciated>>Fundamental Reason sale of one of 4 #CSFG subsidiaries>Most likely CX5 / CX2>>Value per share 49p min

Thanks for the research! Looks interesting! This guy reckons 49p min: https://twitter.com/EmergoCharts/status/897213660032106496?s=09

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