Member Info for Maladoni

Aye, it'll all come out in the wash.

So the 2019 payments per annum breaks down to 148 bopd.
So have they increased the taps since 2019? Or are Block quoting equivalent bopd and their figure includes gas? If so that means the gas is hooked up already? I hope its the former, but as this was a gas drill what's happening to it if its not hooked up. Clear as mud.

More than likely the MM's are trying to move the price thus creating volume. If they have an order to fill they sells. Doubt there's very little stock held at these trading volumes.

Been reading on the new acreage again, exciting times for sure. I'd be interested to know the water cut of the 245bopd and if this is been drawn from the lower eocene rather than the mid like 16. Also gas, it was a gas explanation after all.

Can't flare it or bag it so it could be reinjected back into the well.

Bubonic Plague in Mongolia. Let's hope our pal was on a field trip.

It's the mad hatters tea party. Check out that spread!

PI. The risk is of course offset over an extended period of time. I’m not a trader, not in any rush.

Each to their own. At current levels I’ve been able to treble my holding at an attractive fraction of my initial investments. If it pops to 7p I can leave quietly by the back door. If it pops to 17.3p then I can leave my badge on the table when I leave by the front door. Anything above 20p then I’ll pop.

Got to be in it to win it.

Interesting that he said Schlumberger drilled the Patty in 2019, so this isn't the 245 bopd job that's been on their governmental tax payments for a few years. Also like the fact that the sub surface crew will be paid by performance. Lets hope the can crack the patty.

I hope EPI perform better in the field than their balance sheet suggests.

A breakdown of expenditure would be interesting.

I see my post got lost in translation. It's probably not the only thing that is.

Scamp you're assuming there's no stops to other ports on route. No unloading, loading, shore leave, disinfection, scurvy, mutiny, crossing of triangles of mystery, resurfacing of Atlantis or psirens on the starboard bow. Get a grip man.

1/384 of the shares in circulation was traded. It’s hardly relentless pressure. Maybe I should introduce my missus to the stock, that would send it through the roof.

He mentions a new well. A gas well. Can’t be the well that’s producing 200 per day as that’s not new. That’s been on Schlums books since 2018. So why say they’ve been focused on the gas but no information on that drill? I can’t decide if this is good or bad.

Also as Heps said no mention of the 3D. Focus seemed mainly on developing the new acreage rather than current. Obviously cash flow is an issue so they see a better chance of a return from the new plot. There would of been some overlap in the 3D I’m sure. Can they do this without a raise? Gas sales are covering bases with small change.

Tell us about this new gas well Paul.

Left more questions than answers. At least it was grounded.

It would be useful to have a break down of expenditure at the AGM. I rather think the switch in drills means a significant sum was thrown at 16 post initial drill.

Pleased I got a large tub of popcorn.

Revenue for vanity, profit for sanity.