Member Info for MTSparky

https://www.offshoreenergytoday.com/neptune-energy-gets-offshore-exploration-permit-in-dutch-north-sea/

Neptune’s managing director for The Netherlands Lex de Groot said: “We are excited about progressing our plans for exploration in this area which underlines Neptune’s commitment to investing in exploration opportunities and growing our portfolio.
“The shallow depth and properties of the targeted Tertiary gas reservoirs provide new opportunities for Neptune and are a different exploration play compared to our existing activities in the Carboniferous, Rotliegend, and Triassic gas fields.”

Try reading all their bullsite presentations and pre-A2 drill interviews and then watch to proactive post A2 interview. The COS of Liberator phase 1 was always about 5% and they knew it from the get go. They hoodwinked investors with false COS.

Shallow water too, so de-com liabilities are less.

I think it's a win mate. 1-0 home win against Watford....;o)) The closer we stick to Neptune the better I reckon.

RRE deal with I3E I don't think so now. I3E confirmed they have had no contact with the Tain partners RRE/RSUK and that the Tain development with continue with their FDP regardless of Serenity results. Do I3E now have to prove Tain and Serenity are linked? another appraisal well they can't afford to do? I3E board are not to be trusted !!!

F5 is located near infrastructure and its shallow objective would make it very cost-effect to explore. Formal exploration work shall begin next year and the partnership may further expand but Neptune will act as operator for the Block.

...partnering with Neptune too on new exploration work next year. Cochran is adding value, bit by bit. Re-list next year (hopefully) or potentially bought out. There is hope at least..;o))

Pressure data demonstrates recoverable gas and there remains an, as yet, unquantified volume updip of the Andromeda North well. Consequently, the well met the minimum targets and was plugged and abandoned while the data is being studied for future activity.

No but the drilled downdip from the peak. We await volume data and a potential further drill into the crest area. Still adds more gas to the bank vaults ! F5 too partnering with Neptune.

Andromeda Westphalian has mean Bcf of about 267. This may prove to still be larger than PW.

What a fantastic XMAS present Mr Cochran !! Really excited for 2020 now...;o)))

https://haloil.co.uk/wp-content/uploads/2019/12/2019-12-02-HALO-Ops-Update.pdf

The Well found a significant gas column and reservoir section within the Westphalian A target section on the north side of Pegasus West bounding fault. The well encountered gas in good quality, porous and permeable, sandstone, as was found in a similar reservoir section in Pegasus West.

Award of F5 Block, Offshore Netherlands
Hague and London Oil Plc (HALO or the Company) is pleased to announce the Company has been awarded an exploration permit for block F5 (F5 or the Block) in the Dutch sector of the North Sea by the country’s Ministry of Economic Affairs & Climate Policy.

The Block, awarded in partnership with Neptune Energy (Neptune), is located 200 kilometres north of Den Helder (HALO 8.88%) and 25 kilometres southwest of the Neptune-operated F3-B platform (a, separate, unmanned oil offloading tower is located nearby).

..we can get to £25-30 and then stonking asset purchase to multibag from there. I had £25/sh by XMAS in my mind based on cash build. Fingers crossed eh...;o))

Need to get shut of this seller !! can't have many left.

Its not the loss of money or risk that irritates me, it is the way the BoD have conducted themselves. Sickening really. Leaking news and just the utter lies about COS and STOIIP figures. Scumbags.

I bloody hope so Rookie. Looks like we are primed and ready for take off. Need a boost after a shocking week with I3e.

I don't believe RRE will go for Serenity, RRE have made no contact with I3E thus far and are pushing on with Tain regardless as I understand it.

don't bash yourself, it was worth the gamble. I3e will likely need a placing so SP will probs tank even more.

With AA stating plans to triple size of RRE. I am sticking to RRE as an investment. I think you are correct, no-one trusts I3e now. I think they are finished.

Well what ever the CAPEX, 60mmbo at $30 margin should cover it...;o))

Tain was appraised by 3 wells, yields 13mmbo and is valued at $5 per barrel. Now use those metrics on Serenity with say 70mmbo. I3e already have 1x appraisal well in the bag. Funders will back them I think.

There will be no shortage of takers IMO. Big numbers involved.

Be interesting to see how RRE/RSUK approach this development moving forward. I3e need partners now that Liberator phase 1 looks to be over for now. Serenity could yield 70mmbo. Big numbers.