Member Info for nice1

We have to stay positive, the fundamentals are there.

Once the weather improves it should start picking up, still not many shares in issued can do very well.

If we have a positive forum it could be interest to others, we are in better position then a lot of other companies out there with a much smaller market cap.

There still is a lot of rain on and off we have to just wait it out.

The proactive article I found on Wednesday in the market pulse section, I have checked today and could not find it.
It is new as there talking about Stanley 2.

Proactive
In Brief
• Mosman Oil & Gas*** (MSMN LN – 0.25p) – $9.80mm (1.63p) – Stanley Delayed, But Outlook Still Positive: Poor weather in east Texas has contributed to a number of delays for UK companies operating in the area, which has also impacted Mosman’s operations, but this does not impact the subsurface.

The Stanley-2 appraisal well will provide a second data point following the positive outcome of the Stanley 1 well. The data will be used to confirm the geological model that has been developed to date and provide more data on the overall performance of the field.

Following the results, we look forward to the Company’s update on the asset and prospectivity of the new asset base. Ahead of the update, we are reiterating our $9.80mm (1.63p) valuation.

The Stanley 1 well is in the hand of the operator when they decide to start the up grade, until then we have no choice but to wait, all focus will be on Stanley 2 for now.

Proactive
In Brief
• Mosman Oil & Gas*** (MSMN LN – 0.25p) – $9.80mm (1.63p) – Stanley Delayed, But Outlook Still Positive: Poor weather in east Texas has contributed to a number of delays for UK companies operating in the area, which has also impacted Mosman’s operations, but this does not impact the subsurface.

The Stanley-2 appraisal well will provide a second data point following the positive outcome of the Stanley 1 well. The data will be used to confirm the geological model that has been developed to date and provide more data on the overall performance of the field.

Following the results, we look forward to the Company’s update on the asset and prospectivity of the new asset base. Ahead of the update, we are reiterating our $9.80mm (1.63p) valuation.

I would rather the news comes out in Jan now when all is back to work. 2019 should see regular news flow if all going to plan.
Welch vertical wells back to 50 bopd.
Stanley 1 well upgrades completed to produce more.
Stanley 2 well spudding.
Stanley 3 and 4 well to spud.

Santos to drill in 1st quarter.(Santos moves to Stage 3 of Amadeus basin farm-in Santos Ltd., Adelaide, has completed the acquisition of 1,337 km of seismic data in Amadeus basin permits EP82, EP112, and EP125 in the Northern Territory as part of Stage 2 of its farm-in to the acreage held by Central Petroleum Ltd.

The results of the seismic program have induced Santos to proceed to Stage 3 of the farm-in arrangement, which includes the drilling of a well in EP112 to earn a 70% interest in that permit.
Santos is expected to drill the Dukas prospect during first-quarter 2019, carrying Central’s cost as part of the deal.
The prospect has the potential to hold multiple trillion cubic feet of gas. Two earlier wells in this southern part of the Amadeus (Mt. Kitty and Magee) have indicated the presence of a hydrocarbon system. The presence of helium and hydrogen in the earlier wells has the potential to add further value to any success at Dukas.

There are small cap companies that have billions of shares in issued and directors not buying much in them, we have 636 million shares in issued which is still not bad going and directors have also bought in.

2019 should be quite an active year and I would not be surprised if there is interest in the back ground on our Australian asset especially being so close to Santos.

little bit more patience we have wanted this long.

I also was not happy with the issuing of more shares, but if this is going to help get more drills then we have more of a chance of finding oil if we are lucky enough it goes our way. We still have a lot less shares in issued then other companies.
4th of September we averaged 50 bopd from Welch, on the 18th of October weather caused problems which had not helped.
We know we can produce 50bopd from Welch, I would think it is a matter of time until we do so again.
Stanley 1 has shown the increase in oil and gas which was tested by the operator this would equate to Mosman's share of 45 bopd, once the upgrades have happen so we can handle it. Oil should flow more then gas over time.
We now have Stanley 2, based on the information this would give Mosman's 49 bopd, waiting for the news when Stanley 2 well starts.
Stanley 3 and 4 is funded, one well every 2 months. If we are fortunate enough and all goes in our favour then things will be looking very different for us, like any oil and gas company until you drill you will never know.
I want Mosman's to succeed just as much as everyone else and me getting angry does not change a thing. At least the bod realises they need to go for it to make it happen.
Just my opinion

The average was 342 bopd for KL3 and Portland was 362 bopd. over the same period.

Maybe the market was expecting a lot more of an average.

Unless I have got it wrong.

Welch will not happen too soon for the horizontal drilling, they felt this deal was a better choice which would give a quicker return, the Welch horizontal drill clearly would have cost a lot more and taken a lot longer for payback otherwise Welch would have been 1st choice, it still can happen but not too soon I feel.
Arkoma pointless increasing out stake, not worth it.

At present we are producing around the 58 bopd, this is our bench mark and now we look to increase this.
Stanley well to announce how much it is actually producing, hoping for a very positive figure.
Arkoma has been very disappointing, lots of money spent and still to date we have not got a clue what contribution this has had, but from the presentation very little. It is all a guess at present and if the 2 wells does not production in excess of 100bopd in total then this prospect needs to be re-looked at and do we spend any more on it?
If Arkoma does bring something positive then great we have waited since May 2017, a very long time for such a small prospect.
Welch horizontal wells, it is all about how quick the payback is, at present the Stanley well payback looks pretty good and when the Stanley 2 starts then the return on this will be good. These prospects seem to be a better choice it would be good if Mosmans has an option to increase there stake.

Present 58bopd, only until we really start increasing the bopd and concrete figures are announce our share price is not going places.

I do feel the change is coming.

Just my opinion

This is going to get very interesting, we have HH which I feel results will be very promising.
Brockham is meant to be better the HH, so I expect more.
Balcombe is meant to be better then both and Horizontal drilling, Horizontal drilling produces at a rate that is comfortable and equivalent to producing multiples vertical wells.

What this means is Balcombe could be producing Horizontally a good few thousand barrels of oil per day.

Horizontal drilling is defined as drilling of an oil or natural gas well at any angle that exceeded 80 degrees to the vertical, so the well runs parallel to the geological formation containing the oil or gas. Production from the resulting well, known as a horizontal hole, is often three to five times greater than from a vertically drilled well.

3 to 5 times greater.

Mosman are starting to show some promise, increase in Welch, Arkoma upgrade results in September. Stanley well will be in production in 30-60 days.
Welch Horizontal wells, 5 have been applied for the 1st could produce 80-120 bopd. Waiting on news.
News on Australia.
It is looking better.

For the next RNS that advises the maximum flow test of the Portland, how long do they drill for and when do you think the estimated RNS could be.

When I originally asked about the Portland gas find, I wanted to know as per the rns what the below equated to.

Corresponding metered solution gas volumes are up to an implied rate of 30,000 cu ft per day.)

is this a lot or little, it is only the start I would think the figures could improve.

It is great Alba is slowly starting to get bit more response with there share price and let hope it continues so.

When I watch DL on proactive he mentioned a lot of gas has been find, on the RNS it advises (Corresponding metered solution gas volumes are up to an implied rate of 30,000 cu ft per day.)
What does this equate to in oil per day, when check not sure what the true figure is.

It is nice to see a positive response to the share price, with the further upgrades and news this should keep the share price moving in the right direction, fingers cross the pattern of a continues down cycle will stop.
previous 6 months 9604boe / 184 days giving 52 boepd.
latest 6 months 12260boe / 181 days giving 67 boepd

This equates to 28% increase.

It would be nice for the company to state the bopd, but going forward Mosmans have shown improvement and I look forward to the news with the rest of the up grades.

I feel Mosmans are still in a much better position, money needs to be spent for upgrades before we can see the reward back, could it happen quicker, I would have liked it.
The upgrade news should all be coming up very soon, at present we are producing around 40bopd, not great but it is money coming in, with the upgrades we have to hope they really do increase, I am not taking into 1000bopd, but at least an extra 60-100bopd to Mosmans. When the Welch horizontal wells can be started I feel this will really add value, to fund it they will either issue more shares or get funding for it.
We still have a lot less shares issued then other AIM companies out, the past prospects are the past and the company felt it was not best suited.

There aim to produce more oil I feel is the right direction.

We just have to hope the upgrades was worth while.

I use to be a strong holder with TRP, but when Namibia came out dry and I had near £40k I pretty much lost most of it, I then with what ever cash i was able to save moved to Mosmans Oil and Gas. I think with Tower they did have a proactive board and did not sit around but considering how many attempts they had Uganda 3 times, Namibia 1, Kenya 1, not success and no luck. I do feel for everyone. Good luck and I hope you all get better luck else where.

If we was making just say $500.00 profit margin and we produced say 40000 oz with 20% take taken away taxes we would have £2.3 million. With the 45% stake taken away taxes, we would have made £5.3 million.

Not very happy about the sale, but on the other hand if there was going to be problems receiving our part of the money, better getting something then nothing. Our value is £8.65 million and now we will get another £6 million giving our value near £15 million. Our share price once the funds our in should be near £0.03 pence a share. If STI can also come up with some good news before the money is received then this will help move the price up.

http://www.proactiveinvestors.co.uk/companies/stocktube/6492/stratex-international-plc-well-placed-going-forward-says-ceo-marcus-engelbrecht-6492.html