Member Info for maestro1

Yezzerr
they will likely make new one

Upon successful completion of this well, and depending upon the resources demonstrated to be present, there is the option of an early production development using the future capacity at the Moftinu Gas Plant, while the Company assesses and develops plans for a new gas plant at Sancrai to fully develop the discovered resources. Further exploration work beyond Sancrai is anticipated across the Madaras area, 9.3km to the south-east of Moftinu gas plant, where there are proven hydrocarbons in late Miocene intervals encountered in legacy wells.

With the well 1008 being tested it will take the plant to full capacity.

Mkt cap only 40m

Alwayznow

Thanks, its a good opportunity with the gas from well 1008 the plant will be on full capacity of 15mmscfd (c.2671boed), then they have around 570bopd in tunisia. This revenue is over $50m per annum as oil price back to $60.

They have an commitment well to drill in Romania and once that is complete they can goto Sabria and install 4 pumps, independant advisors have said production can increase by 4000bopd.

The market hasnt caught on yet.

Indeed it is, during 2019 they got $7.45 per mcf and over $70 for oil.
In 2020 they got 4.45 per mcf and around $30 for oil due to pandemic.

Now oil back above $60 and im hopin they would be gettin close to $7.45 per mcf.

Full capacity gas plant in romania can generate $40m and with oil at $60 they can $12.5m per annum from oil sales.

No wonder the poles are getting excited, i think this can easily get to above 10p once the well results are out, senx expecting 5mmscfd from the well. We will find out very soon.

In the past with social problems in tunisia and the large debt they struggled to invest properly into tunisia. Now debt is wiped out and all the repayments/ interest can goto to working capital. I think they producing c.500 barrels in tunisia and this will definately be increased this year.

Very sound company this..

So it appears they have found gas again, they were testing 2 further zones in this well too.

10p is fair valuation here..

15mmscfd production, selling 1 mscf for c.$7 average and operating cost is less than $1 per mscf

Revenue $38m alone on the gas only.

Then you have the oil production and the potential to increase it by adding pumps.

Drilling results immiment to increase gas production.

Debt free.

Strong Buy..

That was old news and since then debt has cleared and production has increased.

There are some interesting oil prospects in romania.

Tunisia is a gold mine for us once..

My 245723 top up not showing.

I think the tide has turned..

But remember commercial deal signed end of jan 2021.

Big news.. this will fluctuate up and down but its headed up long term. Just look at novocyt and how the sp increased there.

Its been difficult to buy today in volume.

GDR product is far superior to its peers.

Tell me if you were a tester would you want to mix your own ingredients or have a ready made one? Mass testing made easier.

What is the cos for this well?

if there was price sensitive news they would have forced to release by now.

:)

GDR have a large partner in distributing the device, but what are the numbers? How much is it per test?

Could someone please tell me how much it cost to drill the Heron appraisal well, its been so long.

Hope matd get the exploitation license.

How is this valued at 140m in poland?

Current valuation of 35m in uk is about right.

mkt is crazy, here this company is actually producing close to 4000boepd and will double once the SD gas is online.

fil yer boots.

he lied.

i assumed they had money for the two but didnt for the new well being drilled in autumn.

I think he would have been better than AC at least he would have ramped the share up.

AC is clueless still dont know why they paying him $1m per annum in shares.