Member Info for molokai

Best to ignore the negative press.... black friday and the run upto xmas will more than off set any inflation issues us pi's have.... another 25% rise due here quite easily and soon. atb

I think we'll continue the trend upwards, £ will be a good test for xmas- then next results will put us on our way. Its been a pain in the rear holding here at times- but fortune favours the brave (I'm told!) & who knows maybe we'll have another takeover rumour at some point.

I’m an investor and speculator- not a geologist or sailor…. I get my information from official sources and read between the lines elsewhere.
I’m pretty sure the nomad is on the case regarding when an rns is due….

There’s a lot of pages to trawl through I agree….
Page 85: 4.3.2.9 Future Work Plans and Expenditures
The future plan for the 2B Block is for the Gazania #1 well to be drilled in the fourth quarter of 2022. The well will test the Gazania and Namaqualand prospects updip to the A-J1 discovery well. The well is estimated to cost US$31.4 MM and is planned to take 20 days to drill. ECO will pay for 75% of the well cost up to US$30 MM where the ECO’s share reduces to 50%.

But we know from the crp that Eco have a spend cap of $30m on this, anything over is picked up by the partners. The market had factored in the $30m spend.
No need to rns

No point in an rns…. All it would state is the rig is on site for a prolonged period…. & We obviously know that.
Shareholders Just have sit tight or ship out…. We’ll know soon enough

Why do you fellas have to mention BPC & HUR…… both gave me the shivers over the years.

Starvinmarvin- they won’t broker a deal that quick, and definitely not while the rig is in situ.
Total & shell hit the motherload of 3billion plus in Venus & Graff & we still don’t know their next move (other than more wells being drilled soon)…

I go along with the thought process that the longer this goes the better the outcome…

Redwineday….. Aj-1 did have some drilling issues.

Anyone got a better image of where Layla is? Looks beside innovator on marine traffic site…
(I suppose I should ask Eric Clapton….)

Thanks Keithoz- I’ll pay more attention.
I can’t begin to work out what my shares will be worth in 5 years if all the stars align in South Africa/Namibia & Guyana….

Proactive piece…… finfluencers… that’s a new one on me- showing my age!

A sidetrack of gazania & namaqualand…… that would cause an extension of drill time?

Another point to remember is the ongoing prospects in SA….we are due news on 3B/4B imminently which will be driver for the share price.
The Best Estimate Gross Unrisked Prospective Oil Resources for the leads in South Africa range from 372 to 1,919 MMBbl oil.

As keithoz highlighted- 100mb equates to $1 in the share price….
No wonder Gil said Possible mcap of over $billion!

Cop 27 won’t affect an announcement here. Even our own PM Sunsk announced a major purchase of Gas from USA during his visit at cop….!
One thing for sure the Americans are making a fortune the more they prod Russia….

London breakfast investor presentation 8:30am 29th Nov @ The Brewery, London....... book a place because I think it'll be a party!

a complete tool..... as the sign so often states- dont feed the animals

API was recorded at 34....... but condensate- the proof is in the pudding:Condensate is typically valued lower than crude oil because of its high light ends content, which yields a lot of lower value LPGs and light naphtha and makes it difficult to process in high volumes in a refinery. However, there are some condensates containing up to 40% of jet fuel and diesel that are priced higher than crude oil, as they contain very little residue material.....
hopefully its the latter!

I may be off here- but I think eco have a cap on the cost? aoi ? pick up the over run tab.....just cant remember the cap...

Btw…… we are all timed out on our guess of the rns date….

Just Jiminey left in for the biscuit !

Some great posts this morning, thanks.
We also need low api and less condensate…
All a big ask- but the reward of £2-£4 a share is a massive payout…..