Member Info for mikemike

luckyman

go back to the UPL thread and follow amnesic on twitter for all that info

secret blue print

the 2013 report is 5 years old and improved technology may already have reduced the FO foot print needed.

Importing shale gas to Uk Europe may be more feasible from the USA but not more feasible than Africa in dire need of energy. China is willing to fund African energy.

For a bookable reserve to be identified, a production test drill has to be undertaken.

I would hesitate to rule anything in or out at this time. This is not immediate and as such more time will encourage further efficiencies.

Bulldozer may at some time ask why none of the recommended SMls have been seen at cabinet. He will know that the AG and minister have signed off as they are shown as recommended. One day in this quarter, maybe, perhaps:)

''All of these are pending submission to the Cabinet for simultaneous approval."

This may suggest that despite the ministry recommending them the AG who has worked the recommendation with the minister has still not presented to cabinet?

Bearing in mind peak were with the minister in China just before Xmas, it does make you wonder where the hold up is.

Have they been told not to bring it before cabinet until Stieglers gorge is up and running? :))

Secret blue print can you refer to the Gov documents that state they do not want LNG?

There was a time when no one wanted LNG, now they cannot get enough.

Looks like the success of present production in Eypt and Italy is more than funding the opex. Hopefully more success in Egypt to follow.

The cash in bank should not be drawn down for the planned Egyptian capex as over a year the oil income covers the capex as well as opex.

Ignore any moves in arbitration with Italy, if that happens it is a bonus. Assume it is a right off.

So that comes back to funding for F I. This is not driven by RKH and as such will have to fall in line with the big boys.

Yes we had a good time i am back at work on the other side of the gates of hell until 25th of this month then home for good with 3/4 days per quarter for work visits.

sorry did not see that was thinking 88e

Mickey

this is an aussie company not an english company

''My advice to any newbie here is come on board if you like, don’t bet the farm, trust none of the posters here''

and that includes sageman

A lot to look forward to in Q1

1/ Next stage MCPP tender process
2/ ML
3/ SML
4/ Post MED due Diligence
5/ PPA for BIPP off take
6/ Possible progression of Phase 1 into Phase 2 for MCPP

Plenty of upside here during 2019. Perhaps just not ''gangbusters'' today

O2B@C

FTSe is down heavily Energy stocks across the board are down and UPL is up

market makers still on their Hols?

Just hope they do not take the ''if it takes 40 years to secure a good deal so be it '' as a literal!!

Agreed an effective tender process should alleviate the concerns re corruption and legal challenges.

Convertible loan notes no longer need so accusations by share muppets that this was a death spiral arrangement just outs their ignorance.

This is yet another vote of confidence in UPL

JD

I just checked Peak resources and nothing on their ANN or BB since December 14

Well done to all.

2019 is going to be truly amazing

see vee

That part of the release refers to the FO for the HRZ, not the FO for the Conventional

Top of oz it looks like you have a small cyclone forming in the Gulf of c so it may break soon and remove the humidity..for awhile

Supertag

and we may yet if MED get on with it.