Member Info for M22C

last year posted on 8 th March

Not before the end of march.....
Probably
But 'pick a number'
As good as .

Surfi's history
= bin job

How long will the pipeline take to build comission
Any rough timescale

Tiburn
I too would like to see 20000bpd come September October all worries put to rest lol
M

Must admit don't fully inderstand the 'sweep' element
If it is after capital outlay fair enough
The dotted line for a suitably monied partner may not finalise until March maybe April
That then leaves 3 to 4 months to achieve what they have not in nearly a year
AM strikes me as all or nothing type
So back burner BFU finance drills ++

Thanks everyone
If all is rosy Tiburn yes
However i thought sweep meant the snr lender could take all above 2.5 mil
Also ther is the oil density per mile if needed for the deep why use that capacity for shannon
I'm thinking BFU is paying for itself
They now have bigger fish
Hence separate finanance for the deep
Only conjecture
M22

×big

He said drill paid from internal revenue
But that means bog increase in shannon production which isn't there yet .

I don't think the accordian 20 mil can be included to pay for the 4 deep drills.
The senior lender has the option to fair market value of 5% on completion/ Termination of the loan.
By lending the 20 mil to drill significantly increases the cost of that 5% from 3.5mil now to 10 20mil after actual flowing oil .
So, is finance possible on terms only against the deep discovery, to fund the drill/JV? Separate to and as well asthe existing deal ?
He can't really opt to pay off the existing loan until the M/C is much higher.
I think he's got in a bit of apickle with money hence the skills of Nigel Little brought on board.

Hope your well there
Playing catch up trying to digest the find
51 miles by the depth
Conclusion its all oil just one big load of oil
Hence the casing cement disappearing
It is quite mind boggling
M

Thank you appreciate it
It's the middle of the night am i being dense?
Will read up
M22

Hey Charlie
Have a question for you
How much does oil expand by from depth to surface atmos pressure ? Trying to work out volume of discovery in relation to potential volume in barrels
Only for my personal calcs
Very rough ans will do
M22C

The latest RNS clearly states 55% 85% for fed deep

Dev
I don't doubt for one minute that Chevron are looking at us
It would be hard not for them
M22

Thanks for the share Sharebel
Logic would suggest if everybody posted every time NT buy /sell how many buy /sell
That would fore arm lowly PI s (like me )

BD what i read was complicated upshot i think was from March through to nov rough est

just gone out of NT to sell 40 minutes

Nigel Little was brought on board for a reason
not to raise from a placing IMO

to the filtre box
lol