Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
KOTW, why not reread RNS's, rather than go on memory. I posted some here yesterday.
103C drill:
R2 and Mengo hit and then stated to be completed for production
Then went on for Djeno.
Rig issues more money. etc.
Hit upper part to it.
Plugged it. Planned to produce Mengo/R2. Co-mingled.
They then sat on that for a long while.
Opened the well to find the Djeno was leaking beyond plug.
They then changed plan to do a side track on 103C to drill rest of Djeno and to produce from there with higher flow.
The sidetrack was never funded.
AC is talking about completing that sidetrack. to get full DJENO online.
(Albeit if he ever gets the PSC. etc etc.)
Sorry to go on... the side track is to adjust the well to get the Full Djeno.
This was what AAOG subsequently flipped their plan to, after CPR on the field.
AC has only talked about the Djeno.
So my expectation from that formation, assuming the well sidetrack is correctly hits the lower layers of Djeno to be 3k BOPD gross minimum. The Djeno is largely offshore and the AAOG found it onshore, the flow rates are standard for the formation.
https://www.forbes.com/sites/markvenables/2018/08/26/low-risk-exploration-the-key-to-success-in-the-congo/?sh=7708af354bd0
5000BOPD so said a liar DS but he was quoting others production. It's an off-shore field with the bit ZEN have being just on shore.
https://uk.advfn.com/stock-market/london/anglo-african-oil-gas-AAOG/share-news/Anglo-African-Oil-Gas-PLC-Multiple-discoveries-c/78998173
https://uk.advfn.com/stock-market/london/anglo-african-oil-gas-AAOG/share-news/Anglo-African-Oil-Gas-PLC-Results-from-Djeno/79138210
https://uk.advfn.com/stock-market/london/anglo-african-oil-gas-AAOG/share-news/Anglo-African-Oil-Gas-PLC-Production-Plan-for-TL/79248574
Django flow rate is minimum 3000BOPD. Promise!
Mengo is 1000-1500.
The well had a lot of problems granted. It managed to intercept all 3 zones.
But only slightly the DJENGO AAGO plan was initially to produce from Mjengo. Claiming didn't have on ground facilities to handle Djengo. Then they changed the plan and stated they do the ST well to get the full Djengo flow.
But obviously fluffed that up!...
There you go:
RNS Number : 8266P
Anglo African Oil & Gas PLC
13 February 2019
Highlights:
-- TLP-103C to produce from the upper reservoirs by comingling production from R2 and the Mengo, following a double completion including a one-off frack of the Mengo
-- Initial anticipated aggregate flowrate in excess of 1,500 bopd for the first 14-18 months
-- Projected financial metrics at 1,500bopd:
o c.US$1 million/month net free cashflow generated
o breakeven oil price falls to below US$20 per barrel
-- First production targeted for April 2019
-- Completion of the Well to production will be funded from existing cash resources
The successful completion of the TLP-103C would deliver another $12 million per annum in net revenue (500 bopd)
Hey? That was the lower zones. AC stated he's going for DJENGO. 3000-5000 BOPD ~1/2 of that is 1500-2500BOPD. How did you get to 500BOPD?
TM,
International arbitration within context of KRG PSCs already carried out by Dana Gas and KRG paid out.. As to where the monies came from anyones guess
https://www.reuters.com/article/us-dana-gas-arbitration-idUSKCN1BA272
To clear up the confusion there.
Before AAOG Congo was sold to ZEN, AAOG used SH's money to start ATOG promising it was to be part of AAOG..
But then reneged on the plan and scuttled AAOG into delisting.
On Tilapia didn't AAOG say that the on the ground facilities were not up to dealing with the expect high flow from Djengo. Would cost a bit hence initial plan to produce from higher zones with lower flow. Albeit everything David Sefton said should be distrusted. At least ZEN have confirmed what else AAOG said about the already drilled well.
Sigh post removed again.
Including mine and others.
Does that make the likes of Ingrid happy and able to sleep at night? I would have liked to have heard what Tommy was saying.
Shall I ask Kurdy or GKPI instead Tommy?
The Retort.
Adm Energy (LSE:ADME)
Intraday Stock Chart
Monday 29 November 2021
Click Here for more Adm Energy Charts.
TIDMADME
RNS Number : 9047T
ADM Energy PLC
29 November 2021
29 November 2021
ADM Energy PLC
("ADM" or the "Company")
Further re: Barracuda Oil Field
ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, notes the announcement made today by Zenith Energy Limited in respect of its option agreement for OML 141 risk service contract.
As announced on 23 November 2021, K.O.N.H UK Limited ("KONH"), a company in which ADM acquired a 51 per cent. equity interest and which holds an indirect 70 per cent. controlling interest in a risk sharing agreement in the Barracuda oil field in OML 141, was notified by Noble Hill-Network Limited ("NHNL") of a dispute regarding its ownership of NHNL.
ADM, and its legal advisers, continue to assert that the dispute brought by NHNL is without merit and confirms that there has been no subsequent change to KONH's position as majority shareholder in NHNL.
The Company further notes speculation in relation to a payment demand from NHNL for $1.75 million from the Company. ADM confirms that, whilst such an obligation had been included in non-binding pre-contractual documents in relation to the Barracuda field investment, this obligation was superseded and not replicated in the executed contractual documents which do not contain any obligation on the Company to fund NHNL with this amount. ADM's legal advisers wrote to NHNL outlining its position and stated that the claim was without merit.
The Company continues to take advice on this matter and will update the market further in due course.
Enquiries:
OK based on initial reported production for theses wells and working in some declines.
I would say they are losing about 1200 booed.
However the work-overs can result in increases over previous production.
If they can get MX109 back up soon and the new well on the drop will probably be plugged and then some. However will the moment to SP comes back here? No idea.
Hopefully, hopefully before the end of high gas prices - if they end.
Perhaps Krok knows ifwatering out is recoverable of not in gas wells. Partially block off par of perforation this is watering. OR are they changing to different production zone.. OR probably that's plan a followed plan b.
SP dropped on v small volume. See if bigger players take up slack or not in short order.
. Don't underestimate the demand destruction that occurs above circa $80 Brent.
Are you saying that there was a global recession 2011-2015? because of OP?
Apparently the joke has moved to phase 2!
So funny.. LOL.
Right yeah! LOLs.
-50 ? surely - 21!
Krok, one thing that we (or at least I) are beginning to appreciate is Mr Putin likes a good joke!
Massive geopolitical jokes.
.He's quite good at them..
Well we have out our in-house Russia expert can comment on any invasion in prospect?!
This is just allowing previously issued shares in previously announced placements to be transferred/traded on LSE.
LSE currently it down as 300M shares. And as a result ADVFN has MC incorrectly reported at £3M.
Previous issue plus 100odd M obviously!
Right?
Calm yourself , it’s coming , maybe the FDP is taking longer than expected to get signed off and GKP want to put out a Grand RNS to celebrate?
You mean like 6 years longer or 4 years longer?