The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Highlights
· Gross 2P reserves of 13.3BCF assigned to Selva Gas Field by CGG following reclassification of previously reported gross contingent resources ('2C')
o Equates to 2.7BCF of net 2P reserves attributable to United
· Represents United's first reserves and follows successful drilling and testing of Podere Maiar well ('PM-1') in January 2018
· Selva Gas Field on course to commence production in 2020 - preliminary award of production concession received in January 2019
Impressive!
Jamaica next and that's before Colter news :-)
cheers Badger, my understanding too but wanted it confirmed :-)
Does anyone think we shall get a CPR before the results for Colter...?
We are finally off (still waiting for lse to update their site)
Have to agree mate, it's a gift at these prices, specially with 26/26 drills success in that region.
Only 7 trading days left for spud and wish i was buying now and not in the late 4's.
Cheers buddy...
Correct, we are told mid Feb which is only about 8 trading days away
Your wish is granted :-)
Operations Update - Rig Mobilisation Under Way
Tue, 5th Feb 2019 07:00
RNS Number : 0849P
88 Energy Limited
05 February 2019
5th February 2019
88 Energy Limited
Operations Update - Rig Mobilisation Under Way
88 Energy Limited ("88 Energy" or the "Company", ASX:88E, AIM 88E) is pleased to advise the following in relation to its oil and gas operations on the North Slope of Alaska.
Highlights: Winx-1
· Rig mobilisation commences
· Ice road and ice pad construction complete
· Cellar installation complete
· Spud scheduled for ~15th February 2019
Thanks Bel.
I was going with fortnight, so not really fussed as a got a small holding in Sipp and expect any dips brought into imo
Gla
How long to fix? Couple of weeks..?
Just a waiting game for now.
Hopefully, we get some news before end of this quarter.
Expect us to be drilling this time next week (hopefully)
"Crown Oil Discovery, North Sea - 6.35 MMstb of gross unrisked 2C oil contingent resources assigned to the Crown Discovery in the North Sea by ERCE
· Waddock Cross Field, Wessex Basin - Updated gross unrisked 2C oil contingent resources of 1.55 MMstb assigned to the Waddock Cross Field in the Wessex basin by ERCE
· Combined net unrisked 2C oil contingent resources from the two assets of 6.45 MMstb to United
· Provides support to Company estimates of existing risked portfolio value of close to US$80 million
· Further CPRs for the Colibri prospect offshore Jamaica and onshore Italy licences due shortly."
"The rig nomination allows us to progress the rig-related consents for the upcoming Barryroe appraisal drilling programme. Subject to the receipt of all necessary regulatory approvals, we currently envisage rig mobilisation and drilling commencing during Q3 2019. The Barryroe Partners look forward to working closely with COSL on the execution of this major drilling programme and further project announcements will be made as appropriate."
Commenting on the news, Lansdowne CEO Steve Boldy said:
"We are pleased that progress continues toward delivering the fully cost-carried multi-well drilling programme on Barryroe. The nominated rig, the COSL Innovator, has high technical specification and is ideally suited to complete the work."
I'll go with this time next week.
'Today we have three areas of focus Bunga Mas, Colter and Badger; each of which have major near term catalysts that have the potential to create material shareholder value. Following the hard work invested in 2018, we look forward to an exciting start to 2019, that we expect will set the platform from which we can continue the journey to take Andalas forward to its ultimate goal of being a producing oil and gas company with a portfolio of projects across the entire exploration and production cycle that expose shareholders to significant upside.'
Anything over 5p for now, with rig mobilised and spud I'll be expecting 6-7 plus (my figures are always conservative)