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Cynical - maybe
However hardly unsurprising that some PIs take that view given a complete lack of information from the company. Talk of a 30 day delay on the other board. If this is the case why has there not been an RNS rather than sensitive info to a few?
WHERE IS THE RNS WHERES IS THE COMMUNICATION COME ON PAUL TALK TO US.
Don’t quite get the negativity what was the market expecting? Anybody?
Coho May - we already knew that.
Cascadura Aug Sept - we already knew that.
Legacy wells 1450bopd - a little disappointing but offset by the 30% Poo increase in last week.
Royston- possible 650bopd 1280M boip as a starting point - loads more to come - very good news obviously commercial.
The reserves report very conservative and based on 76$ Oil price, giving a potential 50% upside at current prices.
Nothing really changed.
OK still jam tomorrow but it’s a real big pot when it comes.
The Ortoire development envisages the tie-in, sales, and custody transfer of the CAS- 1ST1 discovery well and CAS DEEP-1 well in Q2 2022, with gas targeted to begin flowing in the second quarter (“Q2”) 2022. At this time, there are eight development wells total planned from the CAS B and CAS C sites. The proposed drilling, completion, tie-in and onstream schedule for wells CAS-1ST1, CAS DEEP-1, CAS-2, CAS-3, CAS-4, CAS-5, CAS-6, CAS-7, CAS-8 and CAS-9 is as follows:
• CAS-1 onstream Q2 2022
• CAS DEEP-1 onstream Q2 2022
• CAS-2 drill CAS B Site Q2 2022 onstream Q4 2022
• CAS-3 drill CAS B Site Q2 2022 onstream Q4 2022
• CAS-6 drill CAS C Site Q2 2023 onstream Q4 2023
• CAS-7 drill CAS C Site Q2 2023 onstream Q4 2023
• CAS-4 drill Cas B Site Q1 2024 onstream Q4 2024
• CAS-5 drill CAS B Site Q1 2024 onstream Q4 2024
• CAS-8 drill CAS C Site Q2 2024 onstream Q4 2024
• CAS-9 drill CAS C Site Q2 2024 onstream Q4 2024
Worth a read
https://www.ema.co.tt/esummary/index.php/cec-6214-2021
Particularly 3.3.2 phasing envisaged
Alligator- FinnCap latest note (nov 8th ) listed a risked Nav of 211p per share
46p was noted as exploration ie Kraken Gaubine and Steelhead in total.
Should give a cap of CAD745m
Chance of success was noted to be 15% for each of the explorations.
Where’s that take us when 1 or 2 of those come in;-)
Deltic Energy PLC - London-based oil and gas explorer with assets in southern North Sea - Hires Peter Nicol as non-executive director, starting immediately. Nicol is an investment banker who headed global oil & gas research at ABN Amro Bank NV and European oil & gas research at Goldman Sachs Group Inc. He currently is a non-executive director of AIM-listings Touchstone Exploration Inc and Eco Atlantic Oil & Gas Ltd.
There is NO flare at this current time - check out the 10th September for Royston visually similar. You can not rely upon these visual images. You need to check out the following link for accurate detection of heat. https://firms.modaps.eosdis.nasa.gov/map
Malbrad the 100mm Bbls came from a FinnCap brokers note, so we assume FinnCap were briefed directly from management. They are due to update their note over the next day or two following an in person briefing to analysts by Paul - we await further news.