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I just hope you lot aren't being played, I really do..

I can't even remember if they had wirelogging results at MOU3?? something about NuTech having to look at them or something like that. I guess they need a magnifying glass to see the gas readings. Honestly?? PG needs someone to tell him if you've made a discovery?? Shirly Shome Mishtake?

3 wells drilled and no gas to surface. Never seen anything like it. Now on a 4th well. Are they going to produce any gas to surface in a flare pit?? Until I see a huge flame flowing at 20mmcftd I won't believe it. Promise of testing, I hear not a fart I hope. Until I see flare testing and confirmed rates it's all Alice in Wonderland I'm afraid..Just my opinion..not meaning to be a fart. Well maybe a bit...but lets hope I don't hold more gas than what We've seen at surface so far..which is nada. Enjoy.

Oil and gas demand is far from dwindling. It's increasing. Further investment in new oil and gas projects are desperately needed. Darwin is needed now more than ever. But who will win the prize?

https://oilprice.com/Latest-Energy-News/World-News/Oil-Industry-Leaders-Remain-Confident-About-Long-Term-Demand.html

EDL has had loads of problems which is why it's only valued at £3m. It now has the biggest coal miner in Africa as a partner with 50% holding of EDL. Market has not caught on yet.

You should look at EDL. 143M tonnes JORC compliant coal in Tanzania. They have a new multi billionaire partner QGC. Biggest coal miner in Africa. Mcap £3.3m. Should be 10 times that.

Great time to top up while it's quiet.. imo

Wash plants, trucks, loaders, excavators, you name it. Everything for a mine to port operation.

You do realise van de burgh owns and operates 20 coal mines in Africa..

I'm sure a wash plant isn't going to stop him getting coal out of Rukwa.

does it matter?

they've got new management and funding now. *****on van de burgh of qgc is a multi billionaire.

does it mateer??

they've got new management and funding now. *****o van den burgh of qgc is a multi billionaire.

This is the deal.

The farm-in would provide the funding needed to mobilise a drilling rig and related oilfield services to the Falkland Islands to drill a well on Darwin East to confirm commercial flow rates and volumes. We estimate that Borders could attract a farm-in partner to assume up to 100% of the $200m Phase 1 drilling costs in consideration for 70-75% of the equity interest across the Company’s licences. This would result in Borders being essentially funded by the farminee for $50m-$60m in drilling costs for the three-well programme, which is equivalent to 5.5-6.5p/sh of carried costs based on a post farm-down 25-30% equity interest in the Phase 1 Darwin East development of 115mb of 2C condensate resources.

Favourable industry environment for increase in M&A this year.

Darwin’s appraisal and phased development represents an attractive proposition that has a relatively small environmental footprint. We think the sub-surface risks are low and economic projections are robust, presenting a compelling risk/reward opportunity, which would likely appeal to an existing independent offshore producer with free cash flowing assets that is looking to reinvest to grow and strengthen future cash flows and shareholder returns. Recent E&P farm-out deals (Hartshead, Jersey, Pancontinental) suggest that the M&A market is also starting to finally flex its muscles in the exploration and development asset market.

Norway going for it. $18.5B investment offshore.

Falklands can do it too! Only $640m, and paid back in two years at $60 or one year at $90 oil.

Puts the UK Government to shame with all their climate nonsense.

https://oilprice.com/Latest-Energy-News/World-News/Norway-Approves-185-Billion-Investment-In-Oil-And-Gas-Projects.html

https://oilprice.com/Latest-Energy-News/World-News/Norway-Approves-185-Billion-Investment-In-Oil-And-Gas-Projects.html

Looks like someone's been on the Prosseco

Interesting article about offshore Suriname and Total Energies and Apache. Break even is around $40. It appears the discoveries to date are on a par with Borders Darwin discovery in volume. They mention the high demand for light oil which is easier and cheaper to refine into high grade low emission fuel. The condensate at Darwin is even lighter and is already rocket fuel. It's a very unique discovery and highly valuable.

https://oilprice.com/Energy/Crude-Oil/Surinames-Oil-Boom-Is-Back-From-The-Brink.html

Good Morning,

If you look at the trade of 800k yesterday it was unknown. This is because it wasn't done by any MM and was done by someone with DMA. Mr Calgary buys these big trades.

They will need to establish flow rates from testing to ensure they have commercial 2P reserves. Currently they just have 2C resources which are contingent on the wells flowing at commercial rates.

Not sure how they can issue an updated CPR along with a prospectus BEFORE the rigless well testing programme has commenced and been completed. Surely they would want to include the results of the well tests in the CPR for it to have any competency. Very odd.

Despite the sells the sp finished blue. A good sign.