Member Info for MTSparky

Even without the upper captain reserves (2m?) surely Liberator ph1 is still a goer. Its larger than Tain !! 23m v's 13m. The new seismic data must have given the RBL confidence based of the more certain 20m odd recoverable oil. I am betting Phase 1 goes forward. Can't wait...;o))

Let's hope its a stonker and well worth the wait..;o)

Surely Repsol Sinopec would want to remain as operator for the enlarged acreage. They hold the charter for Bleo Holm I believe. Justify extending its life. Maybe RS are the more likely buyer for I3e?

it's not a comment, its a question.

• Repsol Sinopec Resources UK reported a profit of $1.7bn for the year ending 31 December 2018.

I wonder if Repsol Sinopec have aspirations of listing on the stock market.

RRE have become boring of late. Not very RRE at all. News soon !!..;o))

maybe you should aim your research at Rockrose at look at their reports.

Genghis15 always DYOR !!

PMSL....i3e are sitting on so much oil it beggars belief. I just want the doubting donuts to SELL THEIR SHARES. Sub 20p is my target.

You are correct you should SELL YOUR SHARES.

Tain has been valued at $5 a barrel though.

@ $5 per barrel for Serenity and Liberator phase 1.

PLEASE KEEP SELLING !! OVERVALUED !! TOO RISKY!! WORTHLESS !!...;O)))

I am guessing they are appraising the outer edge to better estimate volume.

Morning RB. 40BCF did puzzle me TBH. I couldn’t understand why they had targeted such a small reservoir. That report suggests the estimate is on the low side may explain some way. Hopefully the results of testing and seismic will surprise to the upside ...;0)

...short term by XMAS pending Serenity farm out would be nice...;o))

..can offload my entire holding in one go. Must be a buyer out there..;o))

what if they purchase i3e?

What will be the next price driver? apart from an asset purchase that is.

Even without the upper captain sands Liberator phase 1 is bigger than Tain, is it not? I assume this revised appraisal well is simply to establish the true reserves for the RBL Lenders benefit. Liberator phase 1 can still be developed without the upper captain sands could it not?

70mmbls 2C ? With a recovery factor likely to be nearer 50%.

Tain will be developed with two wells with Repsol as operator. 6000bbl/d +.
6.1mmboe 2C net to RRE. Valued at $5 per boe.