Member Info for OLADAPO007

Still not a bad price considering the total outlay to get to that sort of valuation.

I gather that 1 tcf retails for $9b. On that basis we are going to be in a good place if we could pull it off!

Hi Keith,

The post MEM referred to was one I put up here on a very boring Sunday. The company I was referring to made the Mukuyu discovery in Zim and as an Aussie listed company I am sure you know them .

They did confirm Helium in their discovery but thx for pointing out that such wasn't found on our acreage , truth however is that I have heard such referred to as being found on our block as some sort of light hearted talk which I did point out in that short story I came up with on Sunday.

Was just reading about the Taroom trough and Neil Young's recent miracle on there while surrounded by some major boys and was thinking you Aussie's are champions at this Hydrocarbon discovery games and it's great to have you and your great contributions on here.

Relinquishment was done because it was the original agreement, not done to save cost! It's the practice in oil and Gas, GKP did the same at Shaikan!

I have this weekend been going over reports of drilling in another part of Africa, where a giant field has just been discovered. This new field is about 1011sqkm , in comparison to ours which is like 7000sqkm . Ours is approximately 7 times the size of this field .

The point I am trying to put across is that this field like ours is highly pressurised and after a few drills and more to come, its owners have actually gone to project that the field it appears holds about 20tcf of gas and probably another 5.5b barells of oil.

I am not saying our Guercif because of it's size would hold >20tcf that the company in Africa appears to be projecting but this is just a guide to what we might be sitting on with very little info out there in term of resource estimates. Y'all know what 20*7 might equate to without talking about the oil content.

One main thing this field has in common with our Guercif is the highly pressurised nature but one thing it doesn't have in common with Guercif is that it is too far from any kind of existent infrastructure. This field has also been discovered to have Helium in commercial quantities on a very large scale and who knows, there is probably a chance that our der old Guercif could be hiding some Helium in its bowels that was jokingly mentioned a while back but that possibility was laughed off, the fact that it was even raised at all could mean there was some evidence of it lurking somewhere on our field.

Helium , boys and girls sells for about/around 100x the price of natural gas. If 2+2 = 4 baring any sort of fantasy mathematics, could we be sitting on a field with 140Tcf in its bowels?

Have a great rest of the weekend y'all and please limit your fantasies to those that won't induce wet dreams ie the type Nigel has been unable to wake up from ie in terms of negativity for your investment while pretending to be a major oil and gas analyst for Tesco Plc! :)

Minister Eamon won't like these recommendations one bit! :)

Going by the Chevron /Hess acquisition story, my conclusion is that there is a lot of life left in M&A activity where oil companies are concerned . $120bn in a space of two weeks!

The figure of £10 you have mentioned sounds great, however this fractured or no fractured reservoir rocks thing makes me wonder how massive the whole thing would be as alluded to by an earlier poster who is one of my favourites on here where posting factual things are concerned.

Exxon just paid $60b for a shale producer! We are conventional by the look of things and located near a pipeline delivering gas to Europe. But then WTFDIK?

Wondering which cut price business school you attended! Must be low priced and they turn out low quality products!

In front of the scenes, let's also hope we get the same result post testing as that is what matters!

In front of the scenes, let's also hope we get the same result post testing as that is what matters!

I suspect they haven't told the full story of MOU4 yet. A reentry might be needed to tell it. Stay tuned folks and you most likely would be pleasantly surprised! Remember what Caterham 7 said?

If drill is still at MOU4, it means we are keeping it for further drilling so in that case I expect MOU5 would probably be drilled soon or it would spud at about the same time the testing starts. These boys are then gonna have all manner of results to report in the run up to xmas thereby ensuring that , whether you like it or not you would have a merry xmas!

That was Frank Spencer! So what were you expecting? :)

I somehow believe we would be drilling . The initial intention behind the raise was to raise £7m, now that they are able to raise £10m, CM and prioritisation of Jurassic and Triassic drilling would be considered or what would they do with the extra cash? The more we prove up the more we could sell the asset for. This is just my little contribution, sorry if it does not help.

I suspect that the resources to be included in the CPR are so large that our 500m + shares would look insignificant in terms of volume hence PG and LB not batting an eyelid to take the amount collected to £10m. Also , I suspect a good amount of cash would be coming in via the off take agreement to enable us start the CNG programme and still with zero debt and there is enough cash to go for CG which I suspect is a bigger oilfield than our team boys seem to be alluding to! All would soon be revealed!

Single user? This sounds like if the testing proves successful, this single user might be buying the stated amount of gas ie .35BCF per year . This sounds like an off take agreement (I might be wrong) or why else are they testing apart from that? I am not aware of what the user would be paying for .35BCF but it should be decent enough to pay for Trinidad and to probably commence work on the CNG plant or rent the equipment needed to produce the .35 BCF per year. Just my naïve thought regarding what's going on!

Poor Louis! He just can't help his greed! Louis the master of revelations! Expected or not! Well captured CCC! If it is such a useless case why even think of buying in at all?

Louis, how would you know that all would be revealed tomorrow? Have you access to an RNS out in the morning?