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If the Strait of Hormuz becomes too dangerous that is one fifth of the world's oil gone

Hi Bamps

I think the oil price depends totally on the kind of reaction Iran takes

If this is now a production well, as some of us think it probably is, will they cap it until they have all the infrastructure in place?

How long will that take, I wonder?

Wishing all LTH's a very Happy and Prosperous New Year

I don't have the background knowledge some of you chaps have, so have to hit a lighter note.

While you deal with all the serious stuff, I like to dream.

I've been playing with a few words over the holiday.

Because I got a telling off before, when I posted a joke and told that some might not realise it was a joke and might take it seriously, to all who read the following, this is all just a bit of fun, an imaginary conversation, every line and supposed quote made up by me, without any basis in fact.

Listening in on the B O D
Tony can't contain his glee
"So Leo, what do you think.
Will the SP rise or sink,
When we issue the RNS?"
Chimes in Gordon. "What's your guess"

Leo, smiling, "Wait and see,
Depends how many B O P D,
Once the evaluation clarifies.
Exactly what is the prize
LTH's might get a surprise
At it's scope and it's size
We'll wait and see how the market reacts.
How it interprets the known facts.
How it judges the reserves.
Will the SP suffer from market nerves?
Or will it rise to what it deserves?

But this could well turn out to be
Far more than just a wait and see.
We couldn't have had a better result,
The catalyst to catapult
The company into a different scene,
Offers for us to choose between.

So much better than previously thought.
Some believed it might come to naught,
But in-depth research has proved us right
At our Saffron drilling site."

Hi Bamps

Of course you are wished a very happy and prosperous New Year as well

The Dragon is difficult because of my caring commitments

Hope to see you back in the old place soon

Hi Bamps

Couldn't let you just disappear so I am having a look at this as well now

If you do check in, please don't leave

Don't let a silly post prevent you from contributing to this board

Your input, as far as I am concerned, has been invaluable and I am sure many more would agree

really not rally

You rally ought to read all the RNS's as they come out - see the one dated 23 December 2019

Now that would make a difference

Bamps, I don't think they would have widened the hole (with its inherent extra cost) unless they had some idea of an expected worthwhile bopd and I don't think, personally, that my 10bopd would be enough. I am wondering if they would think your 50 + 50 would be enough to justify it.

Hi Bamps

Thanks for the reply

I would have thought the cost of widening the drill diameter and the casing and the time (Workers salaries) etc. would have come to way more than $32,500 but then I know nothing.

Hi Bamps - me again

Another question

As you say it is now a production well, bearing in mind the associated costs of widening the well, what would be the bopd threshold that would make it worthwhile?

Obviously, I suppose, 10bopd wouldn't be enough - I have no idea what would be enough

Thanks Bamps

Very succinct and understandable

Good morning Bamps

Does the increased diameter of the well suggest more reserves than anticipated?

A well written piece in4cedros - I enjoyed reading it

Bamps - found the presentation but Leo does get it wrong sometimes - certainly with his predictions - I quote

Leo Koot, Executive Chairman delivers Columbus Energy Resources' Investor Presentation in London. Having identified the enormous opportunity in the “under-explored” South West Peninsula of Trinidad, Leo explains where the Company intends to focus its production, and believes 1000 barrels by the end of 2018 to be a realistic goal.

Hi Bamps

Thank you for your good wishes - I hope your Christmas went well and is continuing to do so.

The 2018 presentation appears to be just a pdf

Bamps - been following your postings closely

Question - How deep are we talking about larger deposits under the SWP?

The seismic imaging in the presentation only seems to go down to around 5,000 feet

Yes, just imagine what lies ahead.
Remembering what Leo said,
Half a billion in five years.
He'll need to move up some gears.
Accelerate like you know who
'cos that's July two O two two.
If Saffron works, in pole position,
Heading for that half a billion.
12 possibles that could come good.
They're more than just a likelihood.
With some extras to help us through
Suriname, Goudron, CO2
Don't worry about our new friend Harel.
I think we have him over a barrel.