Member Info for robs12

Having read it through, and looking at the Ratio Petroleum SP reaction...doesn't look very inspiring?
Are Ratio in trouble?
Harel, you're our man on the ground and in the know?

Link to the whole CPR here, second half is in Engish:

https://mayafiles.tase.co.il/rpdf/1351001-1352000/P1351460-00.pdf

If you click on the Filters tab above, you can filter it out - a useful tool ;-)

"Got an email response from the company earlier "... which company?
So they confirmed in a mail to you that Jabillo-1 is next after Krobia-1?

p.s. thanks Celtics - indeed it was - spoken as "theatre" rather than "Kaieteur".

@tomy90...I really hope you're not invested here on the basis of either ship movements (what exactly are they telling you?!) or the word of some recently arrived poster unknown to you (then again...maybe not..) who claims to have local connections who will happily spill the beans to anyone willing to listen...
;-)

Krobia-1?

Interestingly the Q4 Hess conf call transcript a coupls of weeks back said "In March, the operator will bring a fifth drillship, the Stenna DrillMAX in Kaieteur".
Might be an error in the transcript of course, nothing showing that elsewhere that I can see..

That's < £100K. It's nothing.

He has 13 years Exploration & Development experience with Exxonmobil - He left Exxon only recently in October 2020. Apparently a "Quantitative interpreter with experience in U.S. Gulf of Mexico, Guyana, Angola, U.S. onshore basins."

Just to be a little pedantic over lunch, "100% gross profit" is a pretty meaningless phrase. Gross profit is expressed in a currency, not a %.
Gross profit margin, on the other hand, is expressed as a %, and is (revenue-costs)/revenue, so to get 100%, the costs do need to be zero...
I think PC01 actually means markup (profit/cost).
Surprising how many don't know the difference between margin and markup.
Just my tuppence worth.
Anyway PC01, the numbers do look very very attractive here!

He's probably not allowed to make any comment under confidentiality terms. There's no indication of how much either party (or maybe more than two involved?) is getting, terms etc. Probably still being negotiated. I imagine the office might be quite busy.

I missed that Zennor were not a part of Platypus anymore and had sold their stake to CalEnergy. Can't find anything about when that happened (assuming article is correct). CalEnergy website says they still have 15% rather than 26%, Zennor site doesn't mention it.

Think that's the same as Exxon announced initially - nothing in the primary targets, but hydrocarbons were found:
"The Hassa-1 exploration well in the Stabroek block did not encounter hydrocarbons in the primary target reservoirs.
However, the well did encounter hydrocarbons in other intervals.”

LOL! Not long to wait....the wheel is spinning.

Before 23rd Nov ??!! I bloody well hope so!!!

This was one of the first blocks PMG took a stake in when they started up, operated by Dana, so they already knew it well, and have hung on all this time.

Interesting. Market not convinced it is a good thing or not, but this is what IC said in November:

...."Secondly, even though the move towards renewable energy is clearly gathering momentum, the fact is that the UK will be reliant on gas for decades to come while green energy supply is ramped up and the requisite infrastructure is put in place. Parkmead is well placed to benefit on two fronts as it has a 15 per cent working interest in the Platypus gas field in the UK Southern North Sea, located 10 miles north-west of the West Sole gas field, which is targeting project sanction in 2021. Dana Petroleum, CalEnergy and Zennor Petroleum are its heavyweightindustry partners. Importantly, Parkmead’s cash pile of £25.7m (24p a share) is more than sufficient to fund its estimated $21m (£15.7m) share of development costs
based on a two-well sub-sea tie-back to route gas through a 23km pipeline to Perenco’s Cleeton platform and onwards to the Dimlington gas terminal for processing. Analysts estimate Parkmead’s 15 per cent stake has an unrisked net present value (NPV) of $10m (7.4p a share) based on a long-term UK gas price of 45p per therm and a 10 per cent discount rate. Increase the gas price to 55p per therm and lower the discount rate to 8 per cent and NPV doubles to 14.2p, or half Parkmead’s share price."

Implies total project development cost of £105m and NPV $67m at 45p/therm, $128m at 55p/therm...
At first glance it seems quite a good thing to fall into their lap.

Answering myself, looks like it's nestled in amongst the other 'tails in Stabroek.

Anyone know where whiptail is - what block? I can't find it mentioned anywhere.

Looks like they have confirmed Sapote-1 (though it is 5th on the list...don't know if they actually go in that order?):

https://marad.gov.gy/wp-content/uploads/2021/01/No.-25_2021_EEPGL_Operation.pdf

From a whiile back - "The next exploration well on the Stabroek Block will be Hassa-1, which will target Campanian aged reservoirs approximately 30 miles east of the Liza Field. "

Dry (main targets, though HCs found in some intervals)..
“The Hassa-1 exploration well in the Stabroek block did not encounter hydrocarbons in the primary target reservoirs,” Janelle Persaud, ExxonMobil Guyana Public and Government Affairs Advisor said. “However, the well did encounter hydrocarbons in other intervals.”