Member Info for Pecten11

John, as you seem so clued up, can you explain to me the function of a NOMAD?

Muso, thought the spelling was familiar, your posting history suggests you to be of similar mind to John21.
Quelle surprise

Prod, that's cos you're not dreaming about her 😐

Mole, could some of the other tests be temporarily stopping the flows from T45 in Zone 14 to see what any response might be from Dino2 in the same zone to check how interconnected the payzone is (and obviously other similar combinations 're zone 15).
Might give an indication on how closely or otherwise wells can be drilled.

However, I know nowt about reservoir modelling but that would definitely be in a majors wheelhouse

Re-reading the latest RNS and bearing in mind that, as Mole has pointed out that the financial restructuring has pointed the company to a more stable path, the Zaza must have very good reasons to forego the adding of Zone 9 production from Dino2 and T45.
The NDA's and the request for further extended EWT are of course a pretty damn good reason but timing wise, that further strengthens the view that the discussions have been on going for a while, as Zone 9 was planned to be added earlier in the year.
Also, I can't see that Zaza would risk the loss of additional revenue from Zone 9 unless
A) the majors are already happy with the existing data from the long term flow from Zone 9 at Dino2
B) the current flow rates are generating sufficient revenue that Zaza thinks the delay is justified and all the near term bills can be paid from those flows (yes, Timster, whatever they may actually be!)
C) the decline rates (if indeed they have declined and not improved from continued clean up) are relatively small, and an improvement over previous Taribani wells

Coggy, for the non initiated say it's fictional (sic) instead - might maintain the mystique

Fictitious just gives the game away

To send LTH off to bed with a happy thought -

What day of the week do FRR normally release an RNS???

So Eggy, you're admitting that you're not the best judge of an AIM company.....

Is that the same institutional investor who took the subscription?.

Tune in to find out

Remember the tweet about the ex McKinsey guy, Giorgi Kobulia being appointed as economy minister in the new government which promised to hasten the country’s path to full integration with Europe, as well as its economic reforms - including the energy sector.

Can anybody confirm that he actually started the job 1st Sept? That's what I remember but can't find the link.

Coincidental timing with FRR going public about the NDA's at the same time as the part USA educated relevant minister takes over? When one of his projects with McKinsey has been developing a growth strategy for a large vertically integrated oil company in Eastern Europe??

Or just all the pieces coming together.........

Meeeeowwwww

Great point magicpuppy

Timster that made me genuinely lol. Got a lot of funny looks but worth it

As per usual, good insight and post reg.

Myself and Mole discussed a couple months ago that based on the last podcast that we were covering operational costs and YA payment, then monthly bopd had to be at least 650-680 and today's RNS strongly suggests that is just from zones 14&15, so if zone 9 was added, that makes Zaza's 1000 bopd by year end quite feasible.

That the majors want the EWT further extended for zones 14&15, suggest to me that the stimulation package used this time (linear gel and ceramic proppant) have achieved the desired effect of reducing/negating the formation fines build up that has been an historic challenge.
They just want as much data as possible to prove that is the case - that the key to unlocking the massive Taribani potential has been found

Coggy - interesting, sad and borderline funny all at the same time.

The post wasn't bad either 😎

TBTT, not sure about the next drill results, but we should be due, today or Monday a financing update-
'
EMA to be issued with an initial interest of 29.41% (as further set out below) and the retention of this interest is conditional on EMA procuring funding of $1 million by 31 August 2018 or such later date as the Vendors may agree – the acquisition does not require any regulatory approval in Romania '

Agree, 're comparing the drill holes to the geological maps - it's actually a Q I've asked Lee to put to AP

Lee, have dropped you a mail with some Q's. Many thanks for doing this

Sorry Tom, it was, what??

2pence, perroverde said he didn't receive a call 're an opportunity to buy any shares this time, but he did the last time as a client of SVS.
Obviously that isn't definitive, but suggests it's more likely that the subscription was by an ii or HNWI, rather than existing shareholders