Member Info for rhertig

I knew CC was actually Clive ;)

How quickly does Tullow report information? Sometimes the big boys are all top secret. ECO would not hold back but might have to get permission for any information released.

I'd be happy with 20% of what Exxon has found.

CC I bought a little ECO while I watch Tullow drill their Guyana well.

I think no RNS shows that this conference call is just Clive following up on his promise to communicate with us better. You have to submit all questions by Monday. If they were going to discuss something new they would have had to release something by today so we could submit our questions by Monday.
Hopefully multiple people submit a question on the Post salt portion of A8 they had said they think there is a shallow field there as well as Pre salt. Did they see anything? Did they not look yet? Are they keeping that as news for a date a few years from now. They did that with some of the shallow wells. Going into a horizon we did not know existed.

@mrc thanks. I have high hopes here but like you I can see risk. To me the two biggest are the government and a well accident. If we had a Tengiz style explosion it would not be good for us. I have followed a lot of companies in Kazakhstan and seen the government mess with some big time. Including seizing their licence. I am not saying that will happen to us but there are risk even if the odds are really small. Go through the news releases of Tethys and Condor for examples. Also see the Stati seizure.

Ibyb bad health. I either hit it out of the park with this and get to spend a few years in early retirement or I die at work. As far as retirement for my wife I have that all set. I just won't be alive when those monies can be accessed. I used to have a lot of hope here for a deep to come in. Surely at any time it would flow. Five years later I will believe it when I see it. I hope they get one flowing before I check out. But that's life. Wouldn't have it any other way.

CC just looked TSI doesn't have a OTC listing so I can't buy it. One day I will get a new broker.

I have 18 months of take home pay invested here. Not sure I can buy anymore.

Their bad communication is a pain. On the bright side it allowed me to build a position 20x my original one. If Clive worked for my company he would have been removed long ago for horrible and incorrect communications.

CC don't forget after the pound party in Poland their will be a $1.25 party in Florida. Just need to know who's coming so I can get enough beach rooms.

CC David re-posted on the other board what he said back in 2017 that I was telling you about.
Quote;

"The star of the night was the shortly to be spudded A8. The reason is that they showed us the seismic and explain there were three potential pay zones. A shallow or near surface target, a second target at 4,500m, which is part of the same horizon as A5. But here was the plum, there is a third target at 5,300m which is as big or bigger than the 4,500m target. Could this be our Tengiz lottery ticket? They don't know but are very excited about it. To get to 4,500m will take 6 months, 5,300m obviously a bit longer.

The second star was on the same seismic map 12km along KO indicated where a possible A9 well would be drilled with the same 3 target horizons. Oh and there was a third drill likely between the two if this came in. Clearly this has huge upside."

David as I said two years ago thanks for sharing.

Exciting stuff CC. Hopefully when I come back from tax dodgers celebration day there will be a MJF liscence.

I haven't owned them for years but have them on a watch list. The lost 70% due to a temporary labor strike.
Sorry for going off topic guys.

You like to pick up shares when these companies fall more than justified. Do you think ASO falls in that categorie?

If it makes my bank account 1 millionth of tengiz I'll be the world's happiest man.

CC makes some sense. All I know is there is more money down there than my wife could spend in a lifetime.

What is the significance of 155 meters of oil bearing structure when only 52 meters is oil bearing? To me that is a 52 meter structure. The last couple of weeks everyone was doing a back of the envelope calculation of 100 meters time 58 square kilometers. This just cut those calculations by 48%. What am I missing about today's excitement.
For the record I agree with your statement that over 20 meters is a good deal. Just not as good as thinking over 100 meters oil bearing.
It's also good they are installing a rig to cement the other deep well. But I and others thought they were already in the process of cementing it and the RNS would be any day now.
Still think we are going to be rich but Clive makes me pull my hair out with his communication skills.

We pre sold a whole bunch to traders. We have to give them their oil no matter the state of the export licence.

CC so if they replace the BOP they can drill deeper?