Member Info for Orchy

Great news

sit back and wait;

potential news;
- GSA agreement(s) (CORO confirmed imminent last week, Gaz also confirmed in recent interview)
- Recovery of cyber fraud funds
- Rig move confirmation / Spud confirmation

Gaz also confirmed we will get regular updates for the Jade well as it progresses through to TD.

and 'commercial progress is expected imminently'

should be this week, next week at the latest.

morning all, coversion looks to be forward sold. SP rising.

sure he covered EME back along when drilling for gas in Sacramento, did some big write ups which basically regurgitated RNS info. he doesn't exactly instil any confidence with his videos... would say hes none the wiser than your avergae PI lol.

irrespective the potential is colossal as detailed in the Cenkos note.

good spot! surely update next week then ?

· Empyrean anticipates that NH9 will become available by the end of March if the current well does not encounter testable hydrocarbons or approximately 2 weeks later if a testing program is required

assume they didn't hit oil based on EME rns timescales, but then why would you want them to, another two weeks to test. get that Rig onto Jade thank you

such a long wait and huge amount of work leading to this drill, exciting times.

Hopefully some PR over the weekend!

Is this referring to the increase from 45MMscf/d to 150MMscf/d, would say that is only a 233% increase. If >340 then looking at a POD delivering in excess of 200MMscf/d??

Currently working with SKKMigas on a revised POD consistent with higher resource estimates following recent successful drilling campaign. New POD production offtake increased by >340%

http://conradasia.com/

Mako Gas Field is one continuous “single tank” of methane gas with insignificant impurities and a highly permeability reservoir with excellent productive capability

POD for Mako Gas Field approved in February 2019, converting PSC from exploration to exploitation, and extending tenure to 2037

Currently working with SKKMigas on a revised POD consistent with higher resource estimates following recent successful drilling campaign. New POD production offtake increased by >340%

Ongoing discussions with buyers in Singapore and Indonesia on gas sales agreements. Two Heads of Agreement already signed with Singapore buyers

Will shortly commence FEED work for the development of the field

Geographic location and technical aspects of resource yield high valuation metrics

Conrad is in the process of negotiating gas sales agreements with two potential gas buyers in Singapore and one potential buyer in Indonesia, with the first gas sales currently scheduled for 2025.

Conrad is in the process of negotiating gas sales agreements with two potential gas buyers in Singapore and one potential buyer in Indonesia, with the first gas sales currently scheduled for 2025.

Mako Gas Field is one continuous “single tank” of methane gas with insignificant impurities and a highly permeability reservoir with excellent productive capability

POD for Mako Gas Field approved in February 2019, converting PSC from exploration to exploitation, and extending tenure to 2037

Currently working with SKKMigas on a revised POD consistent with higher resource estimates following recent successful drilling campaign. New POD production offtake increased by >340%

Ongoing discussions with buyers in Singapore and Indonesia on gas sales agreements. Two Heads of Agreement already signed with Singapore buyers

Will shortly commence FEED work for the development of the field

Geographic location and technical aspects of resource yield high valuation metrics

http://conradasia.com/

Revised POD is designed to deliver a flow rate of 150MMscf/d (up from 45MMscf/d in earlier POD)

target 12p now, through 12p and its 16/17p according to mr Mir.

cracking volume today.

an early GSA or two would be lovely.

same @7.99, lets see

volume has dropped off today but either way its either a liability as a note or they convert, we have had 40m + traded over 3 days so once this starts moving with news i don't see it as an issue even with further conversions. In a week we enter news territory for both Indo & rig imo

guess the question is why convert now? planning to sell at a higher price, expecting a big move up?

not additional funds as already received, could convert up to 50m shares in theory.

In conjunction with the Placing, the Company has entered into a Convertible Loan Note Agreement with a Melbourne-based investment fund (the "Lender"), pursuant to which the Company has issued a convertible loan note to the Lender and has received gross proceeds of £4.0 million (the "Convertible Note"). The Convertible Note has a maturity date of 16 December 2022 and the Lender can elect to convert all or part of the principal amount of the Convertible Note into fully paid ordinary shares in the Company at any time prior to maturity at a conversion price of 8.0p per share. The Convertible Note bears interest at a rate of 10% per annum and is secured by a senior first ranking charge over the Company, including it's 8.5% interest in the Duyung PSC and Mako Gas Field.

gratefully take some at 8p if they could drop a little further lol

suspect sells still being worked through, could be placing shares still to clear