Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
A couple of interesting pdf's from Rex International Holdings who are a major holder in Lime Petroleum.
It is interesting to note in the 2015 pdf that they hold the licence to 'Rex Vertical Drilling' which helped locate the oil in the variable fractured granite of well 16/1-255 with a stated good correlation. May be of use to Hurricane???
http://rex.listedcompany.com/newsroom/20180827_173453_5WH_4CR9RWRUP9WGGHA0.1.pdf
http://rex.listedcompany.com/newsroom/20151222_223805_5WH_MG1LBIMN5UA1KXQC.1.pdf
The oil column at Rolvsnes seems very slender (30-40m) compared to Lancaster, Halifax etc. !!!
ATB
Bloody phones! Sorry 'Extrader '.
Hi Extruder, Thanks for the correction. I should have realised that the market cap was in Swedish Krone, not £'s! Anyway, it is interesting what their 726million 2P Reserves are currently priced at! ATB.
Is it possible that Lundin will have an eye on Hurricane now? If their well performs as expected over a number of months it may give them a lot of useful information which will give them an advantage over the likes of BP et al wrt risk mitigation and especially if they are one of the companies who looked in Hurricane's data room. Lundin, with a market capitalisation of @£99billion are certainly big enough to be an interested party.
Some good pictures of the buoy if you look on Google images for 'jumbo kinetic lerwick'
Hi Rev Andy, Can you put me down for 4 December please - Medicines Sans Frontiers. Many Thanks.
Thanks Petro, let's hope ENI/Chariot have an oily strike, it would then open a potentially new dimension to SDX in Morroco. Paul must be watching this closely in view of the last result. I thought it sounded interesting when he said the new discovery opened up a new petroleum system. Good luck with your punt.
The March results stated that the audited 2P reserves were 13.5mmboe. The current drilling in Egypt will likely add an extra 25mmboe of reserves (150bcf), with lots more prospects to go on to in the concession (2.5trillion bcf seems to be the figure SDX are quoting). It seems that the concerns wrt reserves that some people have previously voiced are starting to recede rapidly. Well done to the SDX team. Let's hope that the market wakes up to this success.
Just to put things into context wrt valuation of FKL vs FOGL, lets assume the following senarios knowing that FKL own 8.2% of FOGL shares 1. FOGL discover 500m barrels of recoverable oil FOGL (500m x £5 barrel)/£256 market cap = 10 bagger FKL (500m x £5 barrel) x 0.082/£43.8 market cap = 4.6 bagger 2. FOGL discover 3000m barrels of recoverable (which becomes very possible if Torora is a gusher) FOGL (3000m X £5 barrel)/£256 market cap = 59 bagger FKL (3000m x £5 barrel) x 0.082/£43.8 market cap = 28 bagger From the above it is clear to see where your money needs to be if FOGL comes up trumps. If this happens all the other income from infrastructure buisness etc will be a side show.