Member Info for Maladoni

Payday. Average now under 11. Boffins at Chez Maladoni’s confirm mortgage will be paid off 19 years early once exit price is it. Come on Bloe.

Lambs an interesting choice Groover. Love a fish phal myself, sign of a good restaurant that serves it.

I know for sure that Sagwalla gives you muscles other curries cant reach.

Phal for me. Keeping bog brushes in demand for decades.

What’s your curry of choice Bobby?

(Oil is proven in the 2D’s, 3D will give a clearer picture, *******ers lie).

About 20p higher than I've told the missus ;)

Stilbite, I feel your pain being in a similar situation but I'm more optimistic. Current share price hurts regardless of what's gone on this week (supply and demand my ars*). Just a little patience (I know its stretched) is required. In the next couple of months we should see money in the bank which will give us a shot in the arm. If by the end of the year we have 4 wells producing 300 generating $12m, then next year well cost is taken care of and its profit from there. We've then got the 3rd which will help hopefully not only identify good targets but the best way to get at it whilst reducing ingress. Since 16az was drilled they've been progressive with staff hires and getting kit in. I'd like to think we are a lot more street wise now. £1 for me was never ever going to be on the table my exit is much lower personally but I still think I'll get there.

Ezhik you are spot on. Traders aren’t interested in variable test flow rates so they will fly the nest when there’s no northwards movement. If you have a 12 month target then nothing has changed except opportunities beyond that point (Black Sea) that could make this an even better punt. City needs to see recorded sales me thinks. Then the sentiment will return the bashers will fade and the rampers will return.

Heh BT. In a sea full of sharks I trust the opinion of SEA7 a lot. Tamper, howay man get a grip.

The clarification is fine, but the info for monetising purposes was very clearly stated in the RNS.

"Once the facilities have been installed, the Company intends to flow the well at an oil production rate of approximately 150 bopd and a gas production rate of more than 1 MMCF/d (giving a combined total oil and gas rate of 322 boepd)".

I think the water cut is offset by the longevity of the wells. The ROI on a well is less than a year, what's the profit if it produces for 20 years?

Key takeaway for me and what I really wanted to see was future licences / projects. This clearly states that they aren't sitting on their hands and have real ambitions. Very encouraged that the Black Sea opportunity was announced in this update and that clearly their relationships with the local has them in the box seat.

Carry on lads, carry on.

Update on spider senses tingling - Unfortunately whilst doing the laundrey this weekend the missus has confirmed this was an undetected wet fart. Comme ci comme ça

BYOF

I can never make sense of the buys and sells but to my untrained eye even though the volume has been low the buys have been uncharacteristically chunky all week. Been half expecting a TR-1.

In other news an exciting development at Chez Maladoni's this morning. The toon have been lucky of late so I went to put a wedge on them winning the cup at 50's and there's a cheeky bet I made for Peter Wright to win the worlds that I totally forgot about. next rounds on me.

BYOF.

Hi DJM

Can’t argue with that. Hopefully knowledge gained from the first two drills and expertise brought on board will see an accelerated future program.

Hi DJM.

I think its quite a complex process for an oiler sitting on lots of opportunity which is wrapped in complexity. I don’t mind the delay, if its bust then its bust whatever. However I hope/trust they are ensuring the 2nd drill is ticketby boo, thus the purchase/hire of the test kit and the ongoing analysis. I feel its better that results are released when testing has finished and they’ve had an extended period (2 to 4 weeks) of consistent return from the well that can be accurately monetised. Hopefully the change in the drilling campaign is reflective of their confidence. With it being a year as you rightly point out there comes a point when the cash needs to come in. Once it does then they’ll be better placed to look at their growth plans, Paul’s no mug though and if you pardon the pun there’s probably a fair bit in the pipeline, maybe more advanced than we can guess.

Oh can I not write the next RNS?

Block are please to announce that they’ve blown the bloody doors off.

Head of Pipes and Gaskets Montgomery Scott said “she cannae take any more captain”.

Samuel Coleridge Taylor said “water water nowhere not a drop to stink”.

Head of local Dunkin Donuts franchise wasn’t available for comment last seen heading into the sunset with a blonde and brunette on each arm.

When asked for a response to the rumoured Revolutionary Gaz Prom Front Liberation Army’s march on West Rustavi PH was too choked to comment.

Thanks AJ. Is just doing a drill for gas only a viable option?

Don’t know who else has looked at the Atlantic Capital Markets tips for 2020? Of the 6 ones an oiler and ones in mining. Interesting they still view these sectors worthy of PI’s cash.

So are we accepting Exxon's 3rd or 4th offer then?

Devil's in the detail, oft overlooked in gloom over 16az.

"The well has flowed gas at rates significantly higher than the Company anticipated.".

I nearly posted last weekend I doubted any news this week (decided I didn't want to depress everybody) but my spider senses are tingling kids. GLA.

BYOF.