Member Info for Maladoni

The market doesn't think its going to be 1,400. It's reflected in the current price based on 195 on the balance sheet and 295 on the RNS. When the news comes we'll rerate in accordance if this goes up or down.
Just as it will with news on the 4 remaining wells.
Just as it will with news on gas.
Just as it will on the results of the 3D.

Block seem to be ahead of the game.

Elenilto list there's as a gas project, no news on any ground works though.
Canargo seems to had changed their name to Blake Oil & Gas but they've been struck off on Companies House.
Vectra Resources, dead end as was VN Group.

Not checked the others yet, obviously we all know about Schlumberger. So we are fully funded, about to spud number 2, there could be additional acreage up for grabs if the above have gone pop.

Useful to know EXMEX, thanks for sharing.

I was with you until you said 'mates'.

Doh saw that article but didn't read the full document when I saw it was dated 2017. Seems like CNEC got booted then. Still can't find too much on VM though, thought it might be interesting to see their progress if the'd commenced works.

Aye. They have 3 sizeable blocks to the NW.

Has anybody found any data on VM Group and if they have any links to China Newstar Energy Company?

Jammy so and so. Spent two very enjoyable weeks in Lagos this summer. Really enjoyed it.

Git, where you based Terrier?

Figures are there for all to see if you can be bothered to seek them out. As previously stated on numerious occasions including today P&L has 16aZ plugged in at 195bopd. We know this has reached 300. Y2 & Y3 are based are also based on lower end estimates and include natural decline.

On current drilling programme minus 3D results.
19 (1.5)m
20 17.5m
21 11.8m

If this had changed significantly and RNS would have to be releasrd.

Actually I think I got you mixed up with somebody else Nomura. Hard to keep track.

Nomura. I thought you dealt in facts? You've been saying for aaaaaaages, 5p, 5p, 5p. So far you've been wrong. Fact.

Hi AJ. I was just going off what figures they've plugged into the P&L for this year.

"Block is currently upgrading its production capacity to up to 4-5,000 bopd at West Rustavi, allowing for the ramp
up in group output. Until the facilities upgrades are complete, we are assuming that 16aZ averages just c.190
bopd over the full year".

Looks like we will be North of this and will rerate accordingly on news.

16aZ has been foretasted at 190 BOPD which is reflected in current share price. Last quotes figure from the chairman was 300 and improving. So I think we'll see a small leg up when this is confirmed. Further news on WR38 and BAGO confirmation will help. So I see 12-14p. This excludes WR30, I think the new year will come too soon to learn of the gas potential here and its been stated that the 3D will be early doors next year.

Obviously this is based on 3 bits of good news but as they continue to push on with 4-5,000 local capacity this fills me with confidence that we'll double current price.

Well said.

In one hand opportunity knocks. In the other knock the opportunity. What gives brother?

Less than 10% of the total trades made today were sells after the price increased over 7p. But yeah everybody’s sold out and taken their 10%. The sky’s pink, Trump is progressive and my wives a looker.

Some nice chunky buys today.

Nomura. I still don't believe this is a requirement but I guess we could just go back and forth all day which isn't particularly good for the board. We've both had our say :)

I'm pretty sure either Paul or Philip confirmed in one of the staged interviews that oil is being separated locally and will/is be sold in job lots to the open market. Don't have time currently to check this but can later if you want me to confirm this as fact.

They have released a RNS concerning;

- its expectation of its performance.

Please note.

- any material change between its actual trading performance or financial condition and any profit forecast, estimate or projection included in the admission document or otherwise made public on its behalf;

This is probably the closest rule that you are alluding to. Judging as they have projected 190 bopd for 16aZ in year one on the P50 then there is no need to update the market until the flow rate has been maximised if they are currently in excess of this.