Member Info for MTSparky

Has anyone considered that the valuation drop may not be related to Serenity but could be linked to the Liberator phase 1 pilot drill seismic re-interpretation ? Assuming the drop isn't just nervy risk off re balancing.

Liberator phase 1. 55m STOIIP and 21mmbo reserves. (dependant on pilot seismic results for upper captain). At $8.33 per barrel is still worth a bob or two...;o))

https://www.neptuneenergy.com/en/news/4172/

..$250m for 30mmboe....or $8.33 per boe. Values Liberator phase 1 circa £100m and Serenity £300m + (please check my maths!!)

https://www.neptuneenergy.com/en/news/4172/

….IF S1 delivers as planned I think we shall all be waking up to a substantial profit....££££

could very well be something in it, this is an APPRAISAL drill into 200m STOIIP and the ship (so to speak) is as leaky as fook!!

kevmb ahhh bless. Would you like someone to hold your hand?...lol

80m barrels of recoverable oil x $30 less $300m development costs = OMFG

....is no-one else excited by this APPRAISAL drill?

....SP re-rate soon chaps. 200m STOIIP. I hope the LWD results are off the charts !!...;o))

https://www.lse.co.uk/rns/SOLO/transaction-and-suspension-of-trading-p7ergve5ehysaqa.html

...how much does this deal make RRE worth in comparison ?

70m recoverable barrels at Serenity plus 20m phase 1 Liberator discovery will be worth more than 40p/sh won't it? Just how much is 90m barrels of recoverable oil worth these days...;o)))

Appraisal drills on 500m STOIIP. This isn't going sub 10p.

4 weeks time this will break through £1/sh

LOL...good luck to the holders I'm just jealous. Be interesting to see how the economics work out for them in terms of income v's OPEX. That transaction means we might get £5/sh for HALO after all !!

SOLO have slightly over-paid for the asset by about €30 million.

stand down chaps, just got over excited

Decommissioning provision At 31 December 2017 £68,470,830.

From HALO annual report - A decommissioning security arrangement (DSA) in respect of the production assets held by the group is currently in discussion, with security deposits expected to be called in the final quarter of 2018 and payable in the first quarter of 2019. The current draft of the DSA model suggests that the group will have sufficient resources to cover the deposit expected to
be payable in the first quarter of 2019, however, the headroom in these projections is limited. As a result, should the security deposit called by the operator be greater than the current projection, the group will need to seek additional funding, or an alternative means of securing this balance. Based on the current model, the security deposit called in late 2019, and expected to be payable in early 2020 is forecast to increase significantly. Additional funding would be required to cover a security deposit at the level currently projected.

HALO sell the gas at a discounted rate and with TTF crashing are not making enough cash to cover decommissioning security and Tullows €15m, let alone anything else. That's not my opinion, it's a fact.

Additional funding would be required to cover a security deposit at the level currently projected.

lol...

climbing fast !!

interesting how this drill changed from exploration to appraisal. Maybe the results of LP2 pilot drill and subsequent re-interpretation of the seismic data has led to this change in status. I3e must be very confident about what they are drilling in to...;o))