Member Info for Maladoni

No capital gains if your limited in Jersey, attractive to funds innit.

Watched lots of Oiler’s with share price in the doldrums only to rerate with each discovery, drill and money banked. I’m proper fizzing at the medium to long term potential, great innit.

He seemed to indicate drilling in the near term which is interesting.

This is good. Look at the struggles of MATD for example around permits, this is pretty much a walk in the park in comparison. Well done Block for pulling this off now let’s get it out and sold.

I hope the RNS was written before the champers was uncorked!

A little update on reserves would be cheeky too.

You can’t ever say that Paul doesn’t negotiate great terms. Hats of to shlumberger too, they clearly see the long term upside and the transfer of inventory is both generous and prudent.

GeoWIZ, I’ve got some crack pipes ganning cheap if ya fancy?

Maybe a bit more initially as drill costs are recoverable so there's approx $3m of sales which don't have to be split. Be interesting to see if the same applies to future farm ins as those terms are favourable.

The one thing that jumped out to me MP from the Q&A was the positive noises being made about the 3D. It's the first time I've seen this referenced by the company other than its been completed and compiled. If they are sitting a top a bomb they've done a good job keeping the lids on whilst accumulating shares.

Steady away it is. What’s pleasing is that they’ve looked at the data evaluated cost vs risk to reward and been grown up enough to say the opportunity needs to go to a mature player. The company’s record on negotiated terms is excellent so potential farm outs could be transformational to share price. Sounds like Malcy has wind of who’s been sniffing. Long term hold, I’m very relaxed if a little excited not that you’d guess from my poker face.

Prior to the campaign (West Rustavi Block).

There are currently five shut-in wells within the permit area with wellheads intact - that will facilitate wellbore re-entry and return to production. Eight other wells exist in the permit area which were abandoned but potentially recoverable.

this is the self preservation society...

Trip, US$70/bbl Brent prices, netbacks are attractive, with post-tax margins comfortably in excess of US$30/bbl. We aren't near that obviously but 100% of drilling costs are recoverable before its split.

It's net revenue. Profit minus costs.

Price they've agreed with Bloe is almost double current spot of 2.9.

LSE's strategy to reduce traffic and performance increase revealed. Less "flapping".

The fact its hosted outside of the UK could be for legal reasons, chat sometimes sails very close to the wind. No matter a platform such as this not having its own dedicated server is scandalous, the difference in costs has to be negligible in the grand scheme of things, I certainly wouldn't trade on it.

Anyhoo, kiss of death but we are holding up firm.

No orders in to sell at 3. Sticky fingers.

Heps I heard they got thrown out of The Garrison on account of trying to clear their slate with nil cost options.

Well its been six months since the acquisition was announced so plenty of time to figure out how the potential will be realised.