Member Info for RatHole

Have another go bigspike. Zone tops as follows: X1 7665' , X2 8031' , X3 8324' , X4 9065' Now go read the RNS of 8 Sept thoroughly Take Care

Thanks Coppgare. I imagined your stoploss had been hit last week. No stoploss? Any comments on the thin nature of the sands (stringers) and tight formation (wellbore damage plaing a role here also)? Very different to Toms interp in 8th Sept rns As you say, rapid pressure decline will lead to abandoning this location so not much to look forward to, except placings and 'the next biggest thing' China?

SGC.XST.PCL. Where is Coopgare?

Only self explanatory if you know how to properly interp it. Those with this information last week acted accordingly. May be worked back up toward 14p before the next death spiral Take Care

What really can Tom say? Remember this from Sept 8th? Empyrean CEO Tom Kelly commented, "After slow and steady drilling through some very hard rocks over the last few days, we are very encouraged to see the best looking gas shows from another sand in what we now believe to be part of the primary target zone in this well. Â We have not drilled out of this latest gas bearing sand yet, so it will be interesting to see how thick this zone is. We look forward to keeping investors appraised as we progress." Now it is reported by the operator that those very 'primary' targets are a series (700') of stringer sands incapable of any flow of significance(tight). Or as Ozzie Geoff says 'Tite'! The QnA answers a few questions, ( I would suggest known by others last week) but to demobe the rig and report 'sales' of 140mcf/day is hardly encouraging. EMEs revenue share enough to buy a round of drinks. Quite possible this location will be abandoned as they further analyse data. Anyone seen Coopgare? Take Care

Senegal is a great asset, but not a company maker, clearly, buyers will only pay 1C so 240m x $10 maximum = approx $800m to Cairn... IF they can find a buyer. Trouble is, SNE is defined now, very little upside after the 2 latest dusters. They are right to hold on and develop as they are funded for it, and exploration drills next year may add a few bbls. India is the game changer here, no drill costs! Mex looks the biz too. 170 a fair bet.

I'm hearing you easyp, but local noise tells me JVP FAR Ltd have had no takers at $300m for 15% so maybe right now $500m best for our stake here? Worth a hold at those levels, maybe, the markets hate oil right now. They may be right. The ten year thing was referring to any reserves outside the 2-300m 'proven' at SNE. The market will always value those at zero until much more expo/app drilling is done. You will see that in the reserves report next week i think.

Shame the last 2 drills were fizzers. Still, 2-300mmbbls to be developed is no mean feat. Will take serious funding but this can be controlled by partial sell down to an extent. Still some possible exploration upside but recovering additional pay is 10 years away at best (i.e. no value).Still needs a kick in the POO. Oh what this might have been 5 years ago!

Non Commercial. Needed to be a true elephant at those depths. Was a commitment well, but again the drillers signaled the duster.SNE should still be developed, but needs $70 oil on the forwards to get funded, could be a long wait?

Drillers been selling, 170 worth a go?

I understand planned legislative changes are ' scaring the horses' atm.... Africa shoots a foot of again?