Member Info for Razorman

That’s the end of the ride...

Agree, 45% or 66% chance of a circa 400% return. All to play out over a three month period. Plus the business is not counting on clove and saffron being production wells in their finances - so it’s not bang or bust!!

But I want 3:5 odds

Hit 10p at any point the next five months and I will have that bet. IK

An improved knowledge of fault systems is important in understanding Suriname’s onshore oil fields – and the application of FTG data can be a vital tool in unlocking this knowledge. - sounds very similar to the strategy we are deploying to u lock the SWP, as per the recent presentation

in4, i was just reading up and posting some extracts that stood out to me.

these two links from 2016 in particular, gives a good geological insight. Everything is starting to feel very real now... really exciting times ahead!!
https://www.geoexpro.com/articles/2016/08/petroleum-a-new-economic-boost-for-suriname
https://www.geoexpro.com/articles/2016/10/suriname-new-technology-unlocks-hydrocarbon-potential

Our soon to be neighbouring oil field, notice the shallow well depths - I guess that is part of the ‘low cost entry’ point Leo makes:- The average daily production from these fields reached 16,700 BOPD from 1,549 active producing wells completed in shallow unconsolidated-sand reservoirs with depths ranging from 700 to 1,500 ft. The Tambaredjo oil field

The Suriname Basin is largely unexplored and has a very significant remaining potential. With only 22 wells drilled offshore, of which 17 had hydrocarbons, and a seismic grid of 5-10 km on average, the basin potential has not been evaluated properly. The geological ingredients all point to good prospectivity, except that structuration is mild and stratigraphic traps are more ubiquitous than structural closures, which calls for more detailed seismic grids than are currently available.

Staatsolie developed a number of new geological concepts based on recent seismic and aeromagnetic data, as well as on existing information. Based on this new thinking, a number of untested plays were developed, and this work shows that the basin holds significant potential in stratigraphic as well as structural plays. Charge is no issue in Suriname, and numerous reservoir-seal pairs do exist throughout the Mesozoic-Tertiary sequence. From 2002

Parking the bias of the source for a moment. Outlook for us shale is starting to look shaky. How long until there is another high profile bankruptcy or an undeniable health/contamination issue. Shale is on borrowed time. A big shock is coming and when it does oil will be back to $100 and M&A's market will really hot up. We all stand to make a lot of money here if we hold our nerve and CERP management keep to the script and guide this gem of a business through its transformation. Remember, they are already receiving calls from bigger players who are eyeing up the SWP.

https://www.rt.com/business/462622-shale-pioneer-fracking-disaster/

I’m in CERP and PRD. Interesting times

Has to be Weg naar zee - like the tender close link someone posted a few weeks ago.

I think it’s somewhere between Saramacca and paranam. We know that it is close to a producing field. I think the producing field would be Tambaredjo

In4 - I just read your post and checked the power point presentation. It does mention Suriname land based early production opportunity. This might be another slip but it’s there, so who cares, we don’t need to be koi about it. Leo was very exited by what it will bring. Obvious proximity to the enormous Guiana basin and the current sweet spot for the industry.

Clove c£400-500k Saffron c£800k

They did say there is a lot of interest coming in from bigger players re the SWP... Leo is taking calls but I would be surprised if they gave it up this early when they are so close. The slip up at the AGM was on the new country entry. Once that is RNS’d (soon) Leo is out of closed period and will be buying. Next 3 months feels like it’s going to be loaded with good news...

I agree their rating is circa 10p inflated

Remember there remains many more targets... Also vsa will be reviewing their broker rating on the enhanced COS. 10%was used as a baseline for the swp as a whole. 45 and 66% have been identified. They know the oil is there...

*infill well

It remains tbc which well will be the first, clove or saffron. Leo wants to go for saffron first at 4,000ft. At present it is undecided. If they chose saffron Leo will drop back into clove as an I fill well soon after.

Also, currently I’m closed period. Closed period ends once entry into SA country announced. Leo will be buying shares (additional to his 50% salary at 5.1p). I get the feeling he doesn’t mess about either - sounds like a big director buy coming