Member Info for MCB55

Where on earth did you get the notion of an oil export pipeline from...........no mention anywhere and not remotely on the horizon!
Only gas export line to reduce flaring and maximise oil production.

Aduk,
FYI I was part of “ der management” matey!
However my father was driller starting in Persia in the ‘30’s!

Adult,
Your more detailed description for starting up a DST is accepted. As you say there are several ways to create under balance to create oil flow from mud composition by full or partial (my use of word dilution) replacement or light fluid/gas lift.

feelinlucky,
The weight/composition of mud is adjustable at the surface as it is continuously cycled to lift the cuttings to surface and onto the shakers, the mud engineer controls the chemical composition and weight of the mud going back down the well by adding/reducing various elements as required and according to the need to not only keep the reservoir slightly overbalanced (for safety, otherwise a blow out), but also to cake (not block/cement it) the well bore to minimise losses, etc. Somewhat more complicated than that on a fractured basement I feel sure, but essentially the same. The mud is then progressively diluted or unweighted to provide under balance to allow the oil to flow to surface in a controlled manner when ready for a DST.

Mainly because there is pressurised oil in the fracture, of about equal/bit lower to that of the weight of the mud column.

Rise could because OTC will be announced at 0700 US Eastern time today!?

Surely OTC this week!?

No divvy next year, they will need the money to invest/expand!

It’s got NT as FD not CEO, so not that up to date, although has PM as Chairman!
A minor error hopefully.

This could be a straightforward profit take or MM”s making shares available to US MM”s (due to time difference they need a ‘float’ to trade!?) or more likely a bit of both. In which case “imminent” must mean this week surely?

I think they will rns at the same time, that is 0700 US Easren time and 1200 gmt.

JC, was just being a bit cheeky there!
Not sure how you judge fair value right now as there are no metrics to go by!
However my instinct s that this will b high teens or more post OTC, mainly on hype/ future potential though!
The metrics such as seed sales, forward sales projections, etc, will not come at earliest by end of year, most likely 1Q20.

JC, What do you deem as fair value then?.......when you make a profit? lol

10p

When we get an rns on OTC listing will it be timed at 0700 US Eastern time rather than GMT!?

I would expect NT to do a mega advertising/launch on OTC listing to publicise it to the US. He is an ex broker/analyst and so should know the ropes as to how best to publicise it!? An OTC listing requires a Market Maker to sponsor/deal in the stock and they will have a role too.

I make the profit figures (that is $60-$20 op cost) at closer to £300m in 2021 and maybe higher depending on up time (probably better than 85% as recently guided, as the wells can flow higher to make up).
So at that point (or sooner in 2020) this Company becomes a mix of being an explorer and a producer. As an explorer it would be valued according to its assets 2p and 2c reserves. However as a producer £300m/a certainly talks, so at a P/E of 15 then sp is £2.25 and at 25 is £3.75.
As an explorer and if they bring forward GLA drilling to late 2020 and hence FIDFFD to late 2021 plus FIFFFD for WA in 2012 equating to ca 1bn 2p reserves at say $15/bbl gives sp of £6.
Also given that stock markets look ahead then I can't see why the sp doesn't start to move significantly towards those figures, but probably not until some more proof, so start in 1Q20 and CMD!.

Really good news.....next OTC listing and we are off to the races!

I agree why so long!?
It was muted as just as just a bit of admin required. I know we are dependent on the US Authorities, but can’t see due process taking 2 months!

Main point for me is when is OTC listing?
They must have a clue by now surely!?