Member Info for Razorman

88,782 - final top up for me

Waterflood eor was also proven not to work in the Trinidad geology at the gouldron pilot by the two prior management teams - it’s all lies

No, because it contains miss truths on CO2 EOR and the management have no credibility.

From todays RNS “ · deployment of enhanced oil recovery ("EOR") techniques, including both waterflood and CO2 injection, at the Goudron and Inniss-Trinity fields (consistent with licence obligations). This work is scheduled to commence in Q2 2022 and will run through the remainder of this year. The estimated cost of the initial EOR programme is US$1.2 million in aggregate and targets an additional 50 to100 bopd of production.”

Lonny, how is this possible ?

The Company's strategy for appraising and developing the MOU-1 gas discovery remains on track - 8 March. And from Jan update we know that means Q2. Now we know the drilling of 4/5 will be at same time of testing MOU1. So all within the next 100 days??

You know what, I think we will hold fairly steady today. It’s a small raise and remember… according to Novum

MOU5 - 100mmcfpd. CNG value in relation to share price is 49.7p per 25mmcfpd. So if MOU5 comes in on prognoses it’s will value us at 198.8p (less dillution). And that is scheduled for this year and will be derisked further by MOU flow tests this HY!

Lonny is in for £50k, and MOU5 is going ahead of MOU4 - for a very modest placing this feels like a good move to me. Paul is also clearly managing dilution and must have good visibility of a farm in time line.

Thanks Keith, that’s really helpful. Have a good day all!

It’s a nice thought though that we ‘could’ get MOU1 flow test news out the blue and all wrapped up with a farm out agreement bow on top!

Maybe, just maybe.

GRH et al,

Do you think it would be likely that the UAE confidentiality agreement would apply to giving updates on the progress of MOU1 testing? If a farm in partner is serious they might want to limit information being released to the market place to ensure negotiations can advance without interference.

Rigless, not rifles

Just to add… from the September presentation…

MOU1 (subject to rifles testing) 5mmcfpd
MOU4 - 25mmcfpd
MOU5 - 100mmcfpd

So, have a think for a moment about what will happen to the SP “if” MOU1 come in on 5mm and our farm in partner has been announced and is financing the drills of mou4&5 (back to back) this Q3/4 - allowing some dilution of returns as can be expected.

I would be surprised if we didn’t hear more on testing dates for MOU-1 shortly. Unless tied into Confidentiality Agreement(a) though sequence of events.

I would like to second that Spectre, nice post!

I like p8,9 & 10 of the Novum note on CNG development options (MOU1?) possible project pilots value in relation to share price
5mmcfpd = 8.1p
10mmcfpd = 17.9p
25mmcfpd = 49.7p

The Company continues to focus on the logistical planning for follow-up drilling to MOU-1 with the objective of developing a multi-well drilling and testing programme (already including MOU-4 and MOU-5) to provide economies of scale to spread fixed drilling and well services costs across several wells.

“Follow up drilling to MOU-1” have I missed something here??

Option 5) Moroccan government sees strategic advantage in quick gas to market and wants to understand the extent of the PRD discovery quicker than Paul can deliver it.

Ukraine have a democracy. We know from brexit that the people can be manipulated by clever tricks and that they are not always best placed to make country defining decisions.

Asking the people to decide their future under the shadow of an ominous threat feels a bit short changed.

supplying gas to europe has now becomes a matter of the duty. All governments will be looking at what they can do to help support the cause. I expect driling MOU4, 5 and NE will be accelerated, and maybe government funded. The wheels will turn quickly now.

Prayers to the people of Ukraine

someone is mad keen to sell 50 shares

Come 'on PRD !!