Member Info for passiton

Shell the professional in the mix, called follow up drilling on it's Ch1 drill
discovery area , COS 100%, the broker more conservative than Thatcher
and crapping themselves with risk.

Sales normally based on NPV10, lets stay conservative, 10% poo currently $7.5
x 166m = $1.245b

If they give us a recovery factor of 50% $622.5m or £515m
If mean and say only 50% in the upper reserves another 50% haircut £257.5m

That still has all the rest on the seismic, thrown in for free and would work out
at 1.36p per share, not to be sniffed at from this level but probably below the
boards expectations for an outright sale.

Could be higher, used 170 mbo as 1 tcf, a figure some mentioned before
just had a google and lots of opinions, ranging 155 - 180

It is, the only change has been the increase in valuation of Chuditch from a
pathetic 0.50 to a whole $1 a barrel/e rating, have they seen the price of oil

Chuditch discovery area 1.3 tcf is 221 mboe , 75% is 166 x $1 / £137.5m
with the rest of the potential 5 tcf thrown in for free

talking codswallop or fishing for compliments ?
like many visiting posters.

Cannot find his link for that one, just a note, would need to look up the
long list of terms and conditions put in place, when they agreed to the
official maritime boundaries in the International courts.

Something about, an initial agreement made by Indonesia and Australia
that East Timor challenged and won, leading to the eventual tri party
and Australia-Timor Leste ex JPDA division agreements.

Only other thing with those notes, Australia signed an agreement not to
assign a new license on their own side, in area's where known Timor
Leste resources could be accessed and drained.

Came across this also, Tatoli has a page for our noc partner Timor Gap

https://en.tatoli.tl/tag/timor-gap/

Almost got excited, just googled , timor leste pipeline and this came up, top has todays
date, the text from 2019, appears a loan for the pipeline was being arranged, no idea if
it came out the other side and is sitting pending, the other issue being sorted?

https://en.vietnamplus.vn/australia-helps-timor-leste-build-gas-pipeline/160753.vnp

The 2 billion AUD (1.4 billion USD) Australian Infrastructure Financing Facility for the Pacific (AIFFP)
is negotiating with Timor Leste on the financing of a gas pipeline worth 500 million AUD (350 million USD)
that will connect with a gas plant to be built on the coast of the south Southeast Asian country.

336m traded and on the exchange closed up 16%, held most of the rise, bodes well for the morning,
a cracking rns would help to keep it going.

https://www.londonstockexchange.com/stock/MSMN/mosman-oil-and-gas-limited/company-page

750k flurry

21.12.22 15:01:23 12.40 GBX 250,000 31,000.00 Off-Book P ECHO XOFF
21.12.22 15:01:08 12.43 GBX 250,000 31,075.00 Off-Book P ECHO XOFF
21.12.22 15:01:48 12.43 GBX 250,000 31,075.00 Off-Book BENC P XLON XLON

Benc is Benchmark or Reference Price Indicator
Xlon is conducted on the london market, the other 2 not

Soon be next year lots of news to come, that we know of
and hopefully, some we currently don't.

Maybe he's moving them from IG to his other long term holding account

when he said

No Rob buys shedloads on his IG spread bets, sells them and comes back
for more, he had over 200m pre news and said he had gone up well over
300m.

IG is a nominee type account not an II, for trading CFD's and Spread betting
we he said before, it was posted IG had over a quarter of a million users.

Rob said he had something well over 300m , when he posted a little while
ago , mostly in his IG holding.

https://www.investegate.co.uk/baron-oil-plc--boil-/rns/holding-s--in-company/202212211340085112K/

Just IG , most of that is our resident poster Rob
spread betting site. Not II

That will depend on how good the results are and how much
the seemingly ever present seller has left

Barrel
WTI CRUDE $77.97
BRENT CRUDE $81.82

Chuditch drill area only at 1.3 tcf = 220 million boe

rns 14th December
Mosman confirms that the service rig is now on site and has started work on completing the well.
Initial production flow rates are anticipated to be announced in 7-10 days.

Probably had started work on the 13th before Mosman reported next morning 07:25,
so now right in that window 20th-23rd

Main change , now has $1 a barrel against previous ultra low $0.5
for Chuditch, that should rise by volumes of reserves on CPR

Sale or JV prices should be higher, than that still very conservative
$1 a barrel.