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Great point, would be good to have value coming from the well being ploughed back to continue with field development with a good rig and team to work with rather than a JV, just a tad frustrating at the moment but I suppose in the grand scheme of things early days and they need a good revenue stream to expand their operations.

Atb,

Northern

The Zephyr RNS today and he talks of shareholders should be aware that we are entering a period of significant news flow for the company. I have heard the phrase used a number of times by Colin. Is it me or could the phrase be interpreted as other news as well as the expected progress on the Merrill of 36-2? Something being planned behind the scenes?

Atb,

Northern

Thank you. I missed that. Not sure if that will be acceptable to Ara - I thought they had a good relationship with the Tanzanians - so hopefully there will be better progress than that! When you think of what was promised last year and then you read this it's really frustrating.

Atb,

Northern

I'll take that as a no then. Perfectly valid question though, as it's vital to development and we are told APT are encoraging the TPDC to make progress.

Cannot see any info housing Google that it's underway though - hence the question.

Atb,

Northern

Whether the required pipeline has started construction yet?

Atb,

Northern

Like I say jackpack I appreciate what you say about the reserves, however it's the past history and current progress I have my this year's valuation on. Will be happy to be proved wrong like I've said but until the company starts drilling and producing then I don't think the sp will move much at all - as per the current situation.

Time will tell and maybe the good thing about the current price is, if you do think it will go substantially higher then it's a good time to buy shares in the company. Wishing you well.

Atb,

Northern

I must admit I do, given the past history of this company and the current rate of progress this year find a price trading range of 18-24p both unrealistic and not achievable. We don't imho seem to be approaching a time, this year when Are will start drilling.

Would be great at the current rate of progress to get to 2p by year end. I hope it's more but cannot in all honesty see it anywhere near the price range of 18-24p. That's all purely imho and I would truly love to be proved wrong.

Atb,

Northern

Use of the word flare made me smile. If only with this company lol

Atb,

Northern

Relations company is a good idea. The contract will certainly cost money but do these companies are value?

To be honest I would rather see progress on all the areas we are still waiting on. Eventually they will start drilling and producing - then we should get a lot of price movement, at long last!

Atb,

Northern

From one of those companies who do win a car competitions. The headline read New Launch of Zephyr ...

I thought he's we could do with that at the moment. Hope we have a good upward trajectory in the sp - was good to see some positive movement in the sp this last week.

Atb,

Northern

As well start again now the sp is on the rise - hopefully news next week!

Atb,

Northern

But hope at some time in the next couple of years to say I don't understand why the so has increased so much!

They have proved what they can do and lots of companies in this area are all heading towards development.

So unlike the sp today am not going to get too down about the sp drop today.

Atb,

Northern

Only reason I mentioned the 16-2 was I thought it was mentioned on here that Colin in an email had mentioned to someone he was going to update on 16-2 in the not too distant.

Atb,

Northern

Yes, hopefully news soon elland. They just need to get that drilling started then a decent production flow.

Are we still awaiting news 're 16-2 I thought we were due an update on that one soon too?

Atb,

Northern

Good jump in the sp this afternoon.

Atb,

Northern

That first paragraph is exactly how I feel. In terms of the slow burn I think that might also imply if no news a gradual drift down in the sp. If they can keep the news flow going then I think we will see the momentum pick up and the sp climb. I sincerely hope that happens but that hasn't been what has happened in the past. Fingers crossed this time it will be different.

Atb,

Northern

That included the possible valuations of acreage along a value curve for different stages of progress towards production.

I believe the relevant figures quoted were

Trends $40 / acre, Undeveloped $844 / acre, Appraisal $4,009 / acre, Production $18,489 / acre.

So, just as a very approximate finger in the air.

Say we are at the undeveloped stage at the moment and if we give this a relevant value of 1

i.e. say Undeveloped $844/acre = 1

then Appraisal $4,009/acre = $4009/$844 = 4.75

and Production $18,489 / acre = $18,489/$844 = 21.91

and we use these multipliers with the current share price 10.10p

Then we might have for the second 2 stages i.e. Appraisal and Production an sp of

Appraisal 4.75 x 0.1010 = 0.47975 or 48p rounded

Production 21.91 x0.1010 = 2.21291 or 221.29p

However there is the theory and the practice - time literally will tell on this one but is interesting just to have a play with the numbers.

A further point that is probably bearing in mind is how far into the Appraisal and Production phases it was when these former results were achieved. Which is probably very relevant in term of how/when Falcon make a decision as to when they might wish to sell.

Atb,

Northern

The PL was determined to pursue since 2014 has come to nothing and I'm assuming any further drilling will not happen. Makes you wonder if the project had such little chance of success why it went ahead in the first place?

Will be interesting to see whether or not further drilling happens but I think PL is positioning the company as different companies that are moving away from oil and gas - time will tell whether all these projects provide the substantial income/revenue being proposed. Sounds like jam tomorrow - again!

Atb,

Northern

Thanks for the link ITguy.

Atb,

Northern

Got the breakthrough they wanted and it's dropped?? Seems crazy!

Atb,

Northern