Member Info for Mancave

and dated 10.01.19:

"I am in Madrid on the BOT as we speak Daniel.

GSA is price sensitive so will need to be RNSd.
James "

and also dated (14.01.19):

"Hi XXXXXX
I’ll ask Sarah to have a look at the slide numbering.  We shouldn’t be missing any slides.

GSA is due shorty as per the last RNS.

We don’t have activities planned beyond summer 2019 at this point since our work programme should be fully executed by then. 
James 

Trader

My last communication with JP was yesterday, which I posted:

SOU
RE: Q1 Presentation GSA / TE11
Mon 15:13

Just received this from JP:

"Hi XXXXXXX,
I'll ask Sarah to have a look at the slide numbering. We shouldn't be missing any slides.

GSA is due shortly as per the last RNS.

We don't have activities planned beyond summer 201 at this point since our work programme should be fully executed by then.
James"

that should read "beyond Summer 2019"....

Just received this from JP:

"Hi XXXXXXX,
I'll ask Sarah to have a look at the slide numbering. We shouldn't be missing any slides.

GSA is due shortly as per the last RNS.

We don't have activities planned beyond summer 201 at this point since our work programme should be fully executed by then.
James"

Enjoy the remainder Crude - hopefully lots of action when yo get back.

Don't leave us hanging smoke - what can you tell us?

names have been omitted to protect the innocent....

me too :)

scotsguy - I posted this at 8:01 this morning but do not think it would have any impact, purely a third response from JP following on from my email post's yesterday:

Mancave
Posts: 1,475
Opinion:
No Opinion
Price:
27.50
RE: JP EMAIL FROM YESTERDAY
Today 08:01
Final response to my emails to JP:

"I am in Madrid on the BOT as we speak XXXXXX.

GSA is price sensitive so will need to be RNSd.
James"

Short but sweet

jack - got a pair of chainsaw gloves for Christmas and of all the presents on offer, our new puppy decides to eat the reinforced left glove - both of us had a tear in our eye after the visit to the vets.....

I wondered where you had got to jack :)

No probs Shpunken - no point in keeping it to myself :)

What with all the conspiracy theories I thought I would just ask the man who can actually answer - got to give him credit - he does come back when asked a question.

Hey ajb - hope you are keeping well? Must admit the board has dropped off a tad in the last few months but there is always hope....

Thanks to all for the feedback - as a further discussion point I have received a follow on email (verbatim) from JP as follows:

"XXXXXX,
Feel free to post my replies.

We are definitely going to test.  The question is whether to test without stimulation (and let scientists calculate what we could do post stimulation) or whether to actually stimulate and have a post stimulation actual flow rate.  I prefer the latter.

The equipment for test and stimulation was not mobilised before as we didn’t want to commit the cost without knowing where, when and what we were testing.  This is normal for exploration wells.

The well test is always important to determine if the well flows naturally and / or with stimulation and at what rate.  Given the proximity to TE5 the hurdle for commerciality is low but a successful test is important for this well (not so much for unlocking the strat play).

The TE11 location in principle is not impacted by TE10 (although I do have a clever idea we are exploring but you’ll have to bear with us and wait for the announcement on that one !).
James"

lets not forget Lonestar - Morocco will not want a repeat of that.

Sent a query to JP.

My email:

"Can you inform if the rig is now being mobilised to TE11 or are we awaiting further information. The LSE board is debating why, if the drills are unrelated, the 11 drill site has not been finalised as it was accepted they would be back to back.
 
Finally, with the encouraging update from TE10 - are we still on track for anticipated LE - as you had agreed to stay on until this March - will your tenure be extended or are we on the final lap?  

Also want to query the delay between moving the rig and the EWT on 10? When can we expect results?
 
Kind regards ."

Reply reads:

"Hello XXXXXX
The sequencing now is de-mobilise the rig, make a decision re stimulation, secure the testing (and stimulation) equipment from outside Morocco, mobilise it all then proceed.  So far we have guided February testing.  I would like to stimulate at the same time (rather than leave a prospective buyer to extrapolate scientifically which is quite possible but nothing better than the actual rates) but we are yet to formalise the decision.
 
Ground works for TE11 will be after the test.  The prize on TE10 is huge and I want this done carefully.
 
No change re our strategy to drill then sell.  I expect to be here through to the sale.
James"

I have emailed some follow up questions but thought I would start the debate.......

*sold no sodl!!

1,017,255 sodl
1,017,466 bought

Can you get any closer?

Shed - as I posted last Wednesday:

"SOU
RE: RE: RE: Morning
Wed 13:19

Could possibly be out of SOU's hands in a few weeks time. Raises again the question of the Goldilocks zone for purchaser/seller - - make a healthy offer on TE-10 or await a potentially significantly price changing TE-11?"

Obviously posted before the latest RNS, which has only reinforced my personal opinion.