Member Info for Pecten11

Really - read your own post of 14:40 'Revenue - $2m is good...'

That is misleading as the revenue was 30M, operational profit was 2M.

As an experienced poster, I'm sure you know the difference.

Badgernator, did I say that? I was correcting Fantasy's misleading post.

Undoubtedly T2 will make a difference, both for moving BP towards production and making Manaila/Carlibaba a self sustainable operation

Fantasy, your not disagreeing with them, you were misrepresenting them.

You are obsessed about the headroom, please suggest other AIM listed explorer/miners who do not ask for headroom at AGMs?
The point is what that headroom may be used for, if it is for increasing the asset base or production capability by more that the spend that is positive.

At the moment, we do not know if or when or what that headroom may be used for. Stop trying to put the cart before the horse - by all means return to the subject when/If an announcement is made and debate it then

Fantasy - 2M operational profit, revenue 30M

That includes a quarter of reduced production due to pre stripping

Total SA and Eni SpA are due to report Friday, followed by Exxon Mobil Corp., BP Plc and Chevron Corp. next week.

Either good timing 're release of news of exciting new projects in Georgia, or at least some comments about the direction of investments in 2019/20

Zib spot on,

Apart from we find out out who owns Grimsby!!

Two other key negotiating points would be the speed that any new wells would be drilled, imo Zaza would be pushing for as fast as possible, and how much, if any, upfront cash would be included, enough to pay of the 2020 debt now, wouod leave Frontera and thereby future partnerships materially derisked

Agree CF73, at this stage a full buyout won't happen imo, though the technical progress including the flow of mid-Miocene gas highlights the staggering potential of Block 12, I can't foresee a price tgat Zaza would agree is high enough that a super major (or 2) could justify to its shareholders, while the risk profile is still too high.

Personally, I think a partial farmout to drill up to 10 wells, including at least 1 of each in Basin Edge and MK and a deep Taribani well, for a 25% free carry would be a fantastic deal, with a first call option to move to a JV with greater scope

It would reduce the risk for the super major whilst giving them first mover advantage, increase our shorter term revenue, reduce our exposure as shareholder but still leave scope for a significant 're rating that would come as CPR resources would move to reserves.

I know some may think that is down playing FRR, but realistically any deal has to be seen as a win by both sides and I think something like the above would do just that

Zib, thanks for the c&p

Considering the current context, really like the final paragraph (conflict of interests mentioned earlier too)

The Board of Directors of the Company has adopted this code of ethics, to promote honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest; promote the full, fair, accurate, timely and understandable disclosure of the Company’s financial results in accordance with applicable disclosure standards; promote compliance with applicable governmental laws, rules and regulations; and deter wrongdoing.

Steve C. Nicandros
Chairman of the Board of Directors

27 September 2018

Jame, Apart from the same second attempt in two days, you're fundamentally wrong - in a volatile market an indirect holding, such as through a CFD are far riskier, even if you know what you're doing. Potential returns can be very good, but the downside is potentially far, far larger.
That's why in times of volatility, money is moved to cash or defensive stocks (which traditionally meant gold as a commodity or via exposure to gold stocks)

Schmoops spot on, this us one if the most common misdirection on AIM imo

Directors closed period definition-
The close period is the time period between the completion of a listed company's financial results and the announcing of these results to the public. The close period is typically regarded as the one-month period preceding the release of a company's quarterly results, and the two-month period before the release of its annual report

There is nothing to stop the release of material news due to AP and RT share buys

Patienvestor, a speculative suggestion could be that a VAST shareholder is probably more likely to be invested in other mining, especially gold resource stocks like Humingbird which has taken a dive today after bad news due to a partial collapse of part of their pit and loss of a significant bridge that provides access.
Someone may have had to realise some cash to cover a loss there.

My pleasure- I'd had exactly the same thought as you, which I why I asked that question myself.

The profits from PP are currently paying for the work at Eureka - I think it would be nice to have some sort of rough project timetable for Eureka, they must have one by now.

Jeffa Q26 from the shareholder Q&A
'For the sake of clarity, can Vast repatriate cash out of Zimbabwe and have we actually done so?

Although we appreciate there could be timing issues when payments from Zimbabwe are to be made, we confirm, yes, we have permission to repatriate cash from Zimbabwe. On a small scale we have made a payment from Zimbabwe to the UK in order to prove the point.'

MadP, I know it's just a copy and paste from someone else but horsec@#p - how the hell would he know unless he had a copy if the original and if it's from the metadata it would show an edit due to the upload.

Not everything is worth a copy paste imo

Arsenal , based on the parallel to the Eldari A, the lower zones like 22, 23, 25 may produce higher comingled flow rates but not increase the overall recoverable oil - unless the porosity improves with depth

So I get the million barrels per day is a sounding and not a literal figure but it means going from an estimated 472,000barrels recoverable before the 3 well campaign started, to 520,000 per well after drilling as the porosity was better than expected - but this was based on zones 9, 14 and 15.

So that would imply the recoverable oil per well has pretty much doubled based on the info from Zone 19 in the Eldari B

Sorry, correct that - the Jan presentation forecasted less than 500,000 barrels per well over 10 years.

Apologies

5p, the interesting angle in your post is that roughly corresponds to the Taribani development plan from the Jan presentation, ie not showing the upside from the Eldari B

KtB, so how do you view Hurricane Energy - no revenue, market cap of £875m

Could it be based on their assets And potential?