Member Info for Orchy

just satisfying and confirming my own research , GLA

2H2013: Crazy Horse exploration well, Block 14/13 (22% WI including 5% carried, Noreco 78% WI operator). The Ocean Nomad semi-submersible rig has been contracted to drill the Crazy Horse exploration well. Gross well cost �15M. Gross P50 prospective resources 151mmbbls. Risking 21%.

Jan 2013: Scotney exploration well, Block 20/5b (12.5% WI fully carried; Suncor 28.75% WI operator; Noreco 43.75% WI; First Oil 15% WI). The Scotney prospect, a faulted closure mapped just below the Base Cretaceous Unconformity level with the primary target being the Late Jurassic, Buzzard Sandstone Member reservoir. Well 20/5b-2 was drilled in 1983 on the eastern flank of the BCU closure based on old seismic but did not find hydrocarbons. However, seismic reinterpretation has identified reservoir quality sands to the west. Should spud in Jan using the WilHunter semi-submersible rig. Gross well cost �17M. Gross P50 prospective resources 60mmbbls. Risking 33%. Early 2013: Magnolia exploration well, Block 13/23a (10% WI fully carried, KNOC operator). The Ocean Nomad semi-submersible rig has been contracted to drill an exploration well on the Magnolia prospect, currently planned to spud in early 2013 (rig status report 18 Dec - Click here). Gross well cost �16.5M. Gross P50 prospective resources 20mmbbls. Risking 33%.

romeo was 24% COS... Scotney is 32% COS that impressive IMO cant find much detail on magnolia except targeting best case 20m

Scotney (BCU Case) 100% Trapoil low - 17.2 best - 60.2 high - 149.5 net equity - 12.5% low - 2.15 best - 7.53 high - 18.68 Chance of success - 32%

Romeo is targeting a “best-case” gross prospective resource of 44.1 million barrels of oil, Scotney 60.2 million and Magnolia 20 million. found this before on proactive investors, can anyone confirm that is the 'best-case' of magnolia / scotney ? also we are 12.5% & 10% free carry respectively , thanks

nice looking good ....

more shifted / transferred today ....

top man thanks, in the drilling schedule magnolia is scheduled for jan / 13, guess will have to wait and see.... GLM

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when do you anticipate magnolia spud? thanks

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don't understand it myself but perhaps they are reducing risk assets in their portfolio ? who knows? would happily buy more at 10p as well, glm

makes you wonder mate

henderson have showed us they dont know what there doing lol...... perhaps reducing exposure to risk? cant see why would sell trap at 15-13p range considering the value and potential here ??

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=TRAP&ArticleCode=ivvoi72h&ArticleHeadline=Holdings_in_Company henderson still offloading imo

GL

GL, cant see below 12p let alone 10p but this is aim after all, if it does hit 10p i will most certainly be buying more ;)

also with 2m revenue a month, little gem imo