Member Info for Robbie68

Mike.
I commented the same at the weekend - I expect the GSA to be announced before (or at) the upcoming conference.

I believe JJ mentioned in a recent FSC that (I think) end Q1 then FEED becomes an issue with no GSA.

88 Energy Limited ("88 Energy" or the “Company", ASX:88E, AIM 88E) is pleased to advise the
following in relation to its oil and gas operations on the North Slope of Alaska.
Highlights
• Ice road construction commenced for Winx-1 exploration well
• Winx-1 Permit to Drill submitted
• Spud schedule for mid-late February 2019
Western Leases – Winx-1 Exploration Well
Construction of the ~11 mile ice road to the Winx-1 exploration well location com

On a similar note:

As there was only 10m (min) of net pay within the 110m gross reservoir interval, must we assume that if there is gas within the stratigraphic play or the structural closure it will be at the low end of the previously guided estimates?

The North East Lakbir stratigraphic trap has a 1.5 Tcf GOIP low case.
The stratigraphic trap has a 75 Bcf low GOIP case.

I see "TBA" will be attending from Sound Energy.
- Might depend on TE-10 results :-)

Boderisimus
Do we know if Scotforth were eventually commissioned for TE-10 analysis?
(or if they will be used for TE-11)

From the last FSC:
"The plan remains to drill the wells and then monetise. Drilling should be completed in early 2019"
"Remember we are firmly on track for plan A which around drilling the exploration wells and monetizing."
"As we get closer to the moment (monetisation) I would really rather not comment so much on our preference / thinking as it has commercial consequences.
"In the meantime, we are progressing with operational planning for Sidi, that will allow us to begin geophysical data acquisition in 2019"
"Anyway the update is the project (Luca's baby) is still live and still expected."

And from the last RNS:
"Ground works for the drilling of TE-11, the third well in the exploration programme, are expected to commence after the TE-10 well test."

Recently "monetise" seems to have replaced"LE"
If we sell the Company after TE-10, I'm not convinced that JP can achieve a cost that sufficiently represents the potential here. If this is the case, maybe the latest thinking is to sell the complete Tendrara Licence (Not just TE-5 Horst Prod'n area), pay an exceptional dividend but retain funds for SOU to pursue:

- Anoual Exploration = TE-11, TE-12, ...
- Sidi Moktar geophysical data acquisition followed by Exploration drill programme
- Conclusion of "Luca's baby" project

Day 2:
Presentation: The Tendrara licence: Sound Energy’s recent significant gas discovery
Panel Discussion: Morocco as one of the most important African oil and gas exploration areas; what makes Morocco’s hydrocarbon and energy sector so favourable to invest?
Presentation: A thorough breakdown of the current contractual and fiscal regime around E&P activities in Morocco
Presentation: Extending the transportation network by connecting to the major pipelines, building modern facilities and developing strong international relations with projects

Looking at the Morocco Oil and Gas summit Day 2 agenda and considering who will be at the event, surely the GSA must be signed and communicated before this event...?

Pipeline update also highly likely.

Can see it all coming together in the next 4 weeks - just need TE-10 to deliver big...

She must have been successfully latched to perform a trial unlatching :-)
Still some way to go, but hopefully a positive RNS in the morning?

Does anyone know how long the planned debottlenecking will take?
I see on the Q4 presentation first oil is shown Q1/Q2 2019, and then debottlenecking shown FROM Q3 2019 through TO Q1 2021 with production only from Q2 2021...

Moving back to begin hook up?

AOKA MIZU has started moving at:
Time: 2019-01-03 22:15 UTC
Position: 60.1915, -3.85
Speed/Course: 4.3 knots / 35°

Next RNS is likely to be at TD, whether good or bad news.
In the mean time, Merry Christmas to all SOU LTHs. GLA.

In November 2016, Hurricane’s CEO, Dr Robert Trice, told Energy Voice that he would be surprised if the basement geology so far drilled very successfully by the company did not extend all the way to Clair, either continuously or in bits. Off the back of this, I also find it strange that Hurricane didn't bid for this licence (if they didn't).

Spark will seek potential partners to prove the extension of the Rona Ridge Basement play and have to make a "Drill or Drop" decision by Sept 2020.

Does Dr T does know the geologists at Spark and have been any conversations, either pre or post licence award? Maybe Hurricane are lined up for first dibs in a farm in, which would give Spark access to the Hurricane FB modelling tools & data. Hoping FOIL OK on Lancaster and a revenue stream by Q2, 2019 then they should be in a position to farm in.

Maybe there is nothing in it, but I do think the fact that Spark did get the licence award and not BP / Shell could potentially work out better for Hurricane in the long term.

I still find the CC in the morning with OGIF intriguing.
What stands between the FSC and CC tomorrow - a 7am RNS..?

What chance that OGIF have/will put in a "low ball offer" after TE-10 to buy out SOUND and proceed with ONYHM / Schlumberger to long term development..?

JP believes the offer is too low and needs to rally the PIs to his defence..?

Sound Energy, announced on 29 November 2016, that the terms of the contract for the use of Pergemine S.p.A 3000 HP EMSCO C3 rig for the drilling of the Badile exploration well provided that payment of 23% of the service charges due to Pergemine would be settled through the issue of new ordinary shares in the Company ("Ordinary Shares") with a value of approximately Euro 1 million.

Why did the RNS today relate to settlement of fees for services provided to the Company by a "third party service provider"? Why was the third party not named..?

If you were Scotforth and you believed in you technique finding gas for SOU, would you be happy to take SOU shares valued at 17p in payment?

Maybe BM/JP have decided to use Scotforth to test out TE-11 (and possibly TE-10)...?

Completely agree Crude

... and why is Simon working a weekend shift...?

From the last FSC:

You mentioned earlier that Sidi and T. are. more linked than originally intended. Can you explain that a little, please?
James Parsons (Chief Executive)
As a general statement we have been surprised (positively) by how much there is overlap between the Sidi farm out and interest in Eastern Morocco. I really can’t comment further on this. Apologies for that.

Sidi Moktar. Are Schlumberger interested in a farm in?
James Parsons (Chief Executive)
No comment

Possibly SOU and Schlumberger are working on a deal subject to success in Tendrara. If TE-9 / TE-10 come in, then Tendrara is significantly de-risked. At that stage, Schlumberger's strategy would be vindicated and they might be then keen to take a similar risk with Sidi Moktar?
If a 27.5% farm in was agreed. there would then be greater alignment with the buyer/s after LE.

I expect the next "operational update" will be more than TE-9 news - suspect TE-10 groundworks completion will be confirmed at the same time and possibly other news.

My feeling now is that tweets will only be used following RNSs.

My understanding is that 10tcf of the model has been attributed to paleo including Veyron / TE-11.
Just wondering how this might be affected.

Partridge,
I've been mulling over the same thoughts this evening.
I tend to believe MTT was being fed poor quality intel, rather that something more sinister.
Samples would be different from anticipated if drilling through carboniferous mudstones as opposed to carboniferous sandstones.
How would that affect the overall basin model and prospects?
Could carboniferous mudstones be gas bearing?
Like all, hoping for news before the weekend. GLA.

Just checked and LSE has reported it as a sell...

FINAL top up this am - another 17k shares at 26.87p
Come on SOU.