Member Info for Rivendell666

"" ...Great Bear has plans to drill again, and to do flow tests. Three wells planned for this winter along with two additional seismic programs will make for a $100 million winter program, making Great Bear one of the state’s busiest two explorers this year. The company will mobilize the Nabors Rig 106 AC in December and plans to begin drilling at Alkaid No. 1, the first target, in late January or early February, and two other two wells, Phecda No. 1 and Talitha No. 1, will be drilled subsequently....."" http://www.alaskajournal.com/Alaska-Journal-of-Commerce/November-Issue-5-2014/Great-Bear-Petroleum-gets-back-to-drilling/ Professor Google rarely disappoints......

Given the financial ruin it has wreaked on its followers perhaps Buckfast Premiere....??

""The zone is organic-rich and thermally mature and very clearly generating oil at this time,” he said. It’s certainly going to provide a lot of hydrocarbon into anything in the lower portion of the Brookian and Kuparuk intervals.”"" http://www.petroleumnews.com/pntruncate/242072687.shtml .................................................................................................................... Central North Slope ranked No 1 for remaining conventional oil potential (3.98 BN barrels excluding Alaskan Reserve Areas) • >50% of this potential is in the Brookian sequence targeted by Tangiers (2.1 BN barrels) http://www.tangierspetroleum.com.au/wp-content/uploads/2015/01/Icewine-Update-Presentation-January-2015.pdf .............................................................. Background Bumph .. http://dog.dnr.alaska.gov/Permitting/Documents/2012/Public_Notice_GBPO_%20North_Slope_Exploration_Evaluation_Amendment3_Application.pdf ..................... Exploration drilling .. 1/1/2015 to 4/30/2015 http://dog.dnr.alaska.gov/Decisions/Documents/NS/GreatBear_2014_2015WinterExplorationDrillingProgram.pdf It would appear that GB's drill this time are horizontal for testing oil production, so it might take time for this data to become public..?? Always happy to be corrected...

""The company will mobilize the Nabors Rig 106 AC in December and plans to begin drilling at Alkaid No. 1, the first target, in late January or early February, and two other two wells, Phecda No. 1 and Talitha No. 1, will be drilled subsequently....."" So, another couple of months, or so, to see if there's oil in them thar hills.................. http://www.alaskajournal.com/Alaska-Journal-of-Commerce/November-Issue-5-2014/Great-Bear-Petroleum-gets-back-to-drilling/

http://rt.com/business/223995-alaska-oil-budget-deficit/ Projects near to infrastructure should get encouraged by the authorities, perhaps..... So long as Galp don't FarmIn ""..... In 2015 the average output from Alaska will be around 510,000 barrels per day, and the revenue from production taxes will be reduced by 80 percent, according to AP.....""

""Low oil prices will force the US state of Alaska to suspend spending on several high-profile infrastructure projects, including a........."" ""... hydrocarbon-rich state's $3.5 billion budget deficit...."" http://www.upstreamonline.com/live/1387645/Oil-prices-put-Alaska-projects-on-ice So hopefully, the State will help small start-ups to give everyone a Win-Win situation from IceWine.......

Change of Director's Interest Notices (3Y) for Messrs David Wall, Michael Evans and Stephen Staley http://www.investegate.co.uk/tangiers-petroleum-ltd--tpet-/prn/change-in-directors-interest-notice-x-3/20141024093930P8F05/ When the company is hanging on by it's fingernails this is like them having a manicure on said fingernails........

San Leon, the AIM listed company focused on oil and gas exploration in Europe and North Africa, confirms that the SM-1 well in the Sidi Moussa block offshore Morocco has reached a total depth of 2,825mMDBRT (measured depth below rotary table) and encountered oil during drilling operations. Preparations are underway to perform cased hole testing. http://www.investegate.co.uk/san-leon-energy-plc--sle-/rns/morocco-well-testing/201410200700116920U/ Sod's Law .... Gluck to them..........

"""15 September 2014 17:27 GMT The head of exploration and production for Lisbon-based Galp Energia has resigned as the integrated Portuguese company positions itself for a major upstream expansion in the coming years."" Missed this. I wonder if it's connected with the debacle. Galp was liable for two thirds of any cost over-run http://www.upstreamonline.com/live/1376738/Galp-EP-boss-resigns

Are there any reasons made public for the cost over-run .. ?? On 13th May Tpet raised A$5 ""The proceeds of the raising will be applied to the 33% share of any costs in excess of the US$33m free carry .... "" Presumably at that time the spreadsheet would have shown ALL costs and areas of concern and the placing was to cover all eventualities ... And yet, despite a flawless, safe drill which was completed some 3 weeks early, xtra costs were incurred which have virtually bankrupted the company. Bearing in mind that Tpet were liable for only one third of xtra costs are there any thoughts on why the costs over-ran by 10's (??) of millions of dollars. ?? The finance director left afterwards, but unless there's something criminal going on, he would not be in sole charge of access to the spreadsheet. I'm sure he didn't get his qualifications from the Tesco School of Finance so what happened.. ?? Feel free to correct / amend any errors in the above...

http://www.scottishoilclub.org.uk/141023.htm

Drilling away up to the NE.... 60 - 90 days to drill from 31st July is from the last week in September to end October. I know, I know, ... it's different geology etc but would it increase the value of our nearest permits?? Straws clutching etc......

http://www.investegate.co.uk/san-leon-energy-plc--sle-/rns/morocco-update/201409080700100186R/ There's still interest in the waters NE of us. Perhaps we'll have an xtension of the xtension until the Noble Paul Romano strikes oil...?? That might increase the value of our remaining permits....

Haven't a clue. Just putting together a few bits of info and probably drawing the wrong conclusion.... We assume the finances won't be in good shape even though the drill went smoothly and suspiciously quickly. As we chose the best place to hit oil what does that say about the other seven acreages?? So why would anyone rush to pay top dollar for a farmIn there. Not even a hint of hydrocarbons so no NEW xcuse of the oil was there and all we need is a trap. Over a month until the Noble Paul Romano gets near HCs We seem to have bet the house on Morocco and don't have enough money to participate in a meaningful FarmIn even if one appeared. So maybe in the Okap group of companies there is possibility of drilling on land for HCs. There are two coal companies shown there. Maybe a CBM horizontal might work on an inaccessible seam. PL has his Ladies (I think) installed and he knows the company of old. I have a large number of shares here so whether I'm right or wrong about my theory is immaterial. All that matters is a decent SP at CoP on Monday.

"" .... Range has subscribed for 5 million shares at AUD $0.40 for a placement of AUD$2m, representing 5.7% of Tangiers expanded issued share capital. Peter Landau, Executive Director of Range commented "Tangiers has an outstanding portfolio of extremely high impact assets. Any farm out and/or drilling success will lead to a very material uplift in value. Range's equity exposure to Tangiers offshore portfolio is a nice add on for the Company." "" http://www.prnewswire.co.uk/news-releases/regulatory-news/strategic-investment-in-tangiers-petroleum-limited-145049355.html Squeaky bum time on Monday morn........ Which of the many scenarios will come to pass ... ??

""....Genel Energy has commenced drilling operations on the SM-1 well in the Sidi Moussa block, offshore Morocco. Genel has informed San Leon that the Noble Paul Romano, a semi-submersible rig, has arrived on location and that the SM-1 exploration well was spud on 30 July 2014. The SM-1 well is located 60km off the west coast of Morocco in approx. 990m of water and is expected to take between 60-90 days to drill."" Up to the NE of us. Don't know if it's the same geology but oil there might increase the value of our nearer blocks. But 60 days is start of Oct. Will that be too late...?? http://www.energy-pedia.com/news/morocco/new-160387

I know nothing. Merely putting together the CVs of the new girls and coming up with a surmisation based on the PL link. All other thoughts welcome..... Alarm clock set for 0655 on Monday morn...

Because it's out of date. I think the RC is on the HUA HAI LONG heading for Sfax Come Monday CoP I reckon Mr Landau will own a large chunk of us at 1p a share after a large dilution.... More optimistic scenarios very welcome.....

..Sry

Sarah has left her job at Grange Consulting to join Tpet which ain't xactly a company with a rosy future. Amy used to for for Pete. Seems a tad suspicious to me given all the connections. Pure surmisition (if that's a word) based on LinkedIn and Google. But, as that's all the data we have at the mo, t'would seem to be the logical conclusion. Other thoughts always welcome.....