Member Info for Miniforvalter

https://valpal.b-cdn.net/Petrotal%20Conversation.mp4

Vesting is subject to the achievement of performance-related milestones as follows:

- One-third upon achieving production of 26,000 boepd;

- One-third upon the addition of 5,000 boepd via acquisitions; and

- One-third upon the addition of 25 MMbbl of 2P reserves.

what ??

https://www.google.com/maps/place/52%C2%B038'32.0%22N+114%C2%B037'40.7%22W/@52.6598303,-114.6754697,20157m/data=!3m1!1e3!4m4!3m3!8m2!3d52.642224!4d-114.62796

This well came on in july and produced:
july - 347 bbl/d
aug - 1008 bbl/d
sep - 1308 bbl/d
oct - 1271 bbl/d
nov - 1141 bbl/d
dec - 1010 bbl/d
jan - 976 bbl/d
feb - 820 bbl/d

DNO has shut down their oil field - RNS today

https://boereport.com/2023/03/28/crescent-point-announces-strategic-montney-acquisition-with-spartan-delta-corp-for-1-7-billion/

And this well are DUC:

103 HZ MARTEN 10-22-78-5 (Status: D & COMP)

1 well spuded in Cardium (Pembina) 17/1-2023
1 well spuded in Clearwater (Marten) 5/1-2023
1 well spuded in Cardium (Wapiti) 2/12-2022
1 well spuded in Dunvegan (Wapiti) 6/1-2023

7-8 months after production start their gas wells produces around 300 bbl/d each and peak around the second month.

this gas well came online in august 22

https://www.google.com/maps/place/52%C2%B038'32.4%22N+114%C2%B037'40.7%22W/@52.9598418,-115.9569247,339336m/data=!3m1!1e3!4m4!3m3!8m2!3d52.64233!4d-114.627973

and this one are a new gas well

https://www.google.com/maps/place/52%C2%B036'35.3%22N+114%C2%B038'19.3%22W/@52.6098,-114.6408697,530m/data=!3m2!1e3!4b1!4m4!3m3!8m2!3d52.6098!4d-114.638681

Clearwater wells are cleaning up - some of their best wells are clearwater wells - one of these are here...

https://www.google.com/maps/place/52%C2%B042'51.6%22N+115%C2%B006'30.7%22W/@52.714331,-115.1107177,529m/data=!3m2!1e3!4b1!4m4!3m3!8m2!3d52.714331!4d-115.108529

about i3e 2:43:00 in the video

"https://www.youtube.com/watch?v=LHGqDswKoN4"

From 28/2 RNS - "We have successfully completed the first phase of our 2023 drilling programme, with multiple wells now on clean-up flow and several Clearwater intervals tested, and we are now on course to deliver positive YE2022 financials and reserves data by the end of March."

in their presentation from jan.23 they have this on page15 - Additional 15 gross sections (100% WI) add post Q3 (withheld for competitive reasons)

any idea around price and from who they bought this from ?

<2% of i3’s lands currently developed
Potential inventory of >200 low-cost, unstimulated, multi-leg HZ wells capable
of 0.5 – 1-year payouts with NPV10’s of $2 – $4MM/well

again and again Eric Nutall and others companies in Canada are saying that these are the most economic acres in northern america...... looking forward to this :-)

"We continue to closely monitor the business environment, including timeliness of oil sales payments,
and are prepared to look aggressively at Capex reductions if we lose confidence in collecting future
payments. This approach could have a negative impact on future production but reflects our
prioritization of capital preservation. "

https://www.reuters.com/business/finance/hsbc-cut-funding-new-oil-gas-fields-2022-12-14/

The equity are -807M USD (30/9) because of hedging - Marketcap around 2.128M USD and EV around 3.228M USD (debt 30/9)

around 250$ per boe

As long as the windfall tax are here the best shareholder return are to buy back their own stock. Was it 6 years with windfall tax - 400M$ share buyback or 2.400M $ total for 6 years - but marketcap are only 2.200 - so theoretically only 1 share left after 6 years and still half the oil/gas resources