Member Info for mrc_mrc_mrc_mrd

Oh dear, another SOLO oil lifer I guess…resorting to gay jokes. AA giggling at the back of the class.

Pathetic

Wow did you see that?

We had that monster £7 buy followed by a million shares being dumped.

Lol yes that £7 trade. What a monster.

I think there is definite buying strength here.

I’m not going to say the drop in POO is good, but it reflects reduced risks and that is a good thing.

I don’t really care as long as the POO is $80 plus. This is a bargain.

Well I’ve resurrected a spreadbet position today. This is a good opportunity to buy ahead of results and as everything calms down a bit from the initial reaction to the war.

We have had 2 months of really good pricing and that means more progress on debt reduction.

Mid term outlook is also improved with more support for domestic oil and gas, and green projects.

We know production was good in January, and Kraken has been regular.

Yes looks like Tom is gambling with the drill money again.

Very strange decision to hold those shares when the cash is needed for Ruvuma.

Mind you there is always the pay day loan facility from Prolific Basins.

Lol you are forgetting about the Gneiss guy fees?

The BOD have said they are only partially funded for the seismic, so unfortunately cash raise is required in the next few months.

The article you posted confirms 3D acquisition has not started.

Thanks HM

Maybe heather knutsen (destination Aberdeen) or Peary Spirit.(destination Lerwick)

Quite reasonable to ask Chris to back up what he is saying with a link. Everything I have seen in the public domain points to 3D not having started.

Any word on the article you promised Chris?

Maybe it was a dream?

Since when has the SP been a good indicator of current production?

The last tanker left 1st of March so we will hopefully see something coming over the horizon in the next couple of days.

Heavy rains from mid March to mid May are typical Steve. 3D in Summer Perhaps.

That article doesn’t seem to cover it. Suggests 3D had not started by the 2nd of Feb. Maybe Chris can enlighten us all with this news article he has been touting but hasn’t posted up for us??

“Elsewhere, the company also noted progress in Tanzania where a gas joint venture is working towards the start of a seismic data acquisition survey ahead of a new gas well planned later this year.“

You still haven’t shown me anything that says 3D has started.

If the drill starts in Q3 then I will promise to never post on this board again - will you take the other side of that?

Chris they said Q3 22 based on a 3D start date in Q3 21.

That has clearly shifted by about 6-9 months.

The article you posted did not claim that 3D had started.

Chris - here are some facts for you from 1st July last year:

https://www.energyvoice.com/oilandgas/africa/ep-africa/334345/ara-chikumbi-1-seismic-drilling/

“ARA Petroleum Tanzania (APT) expects to begin acquiring 3D seismic this quarter. ARA Petroleum Tanzania (APT) expects to begin acquiring 3D seismic this quarter. It will then start drilling the Chikumbi-1 well early in the third quarter of 2022. The company had previously planned to spud this well in early 2022”

The 3D was supposed to start by September last year at the latest. So 6 months behind at least on the amended schedule. Likely 1 year behind the original plan of drilling now.

Chris - no i don’t believe the seismic start has been announced - maybe you can point me to something that says it has?

We are quite a ways behind schedule as far as I can tell. Q3 is only 3.5 months away and I believe we are in rainy season still

So is the seismic not delayed?

Has it even started?

Are you. Aware that it will need to be processed then decision made on drill?

You are either very green in this AIM oil and gas game or deliberately trying to pump up the SP with jam soon posts.

Chris - the seismic is significantly delayed.

There will be a pause until middle of next year Imho.

So much for that pre drill SP run up.

Maybe get some jam next year?

First gas 2026 if we are lucky. Looks like no drilling in 2022 the way things are going.

Bummer

Fund raise on the way I guess?

GLA