Member Info for RogerJolly

There is always one on every board. Give the man a toffee apple for stating the obvious. Everyone here knows we are taking a risk funding an exploration drill and that if they had already made a find, the price would be a downside higher than it is now. If you feel risk so much you should not be buying shares in the next exploration company.

I doubt you have fears at all and I think your motives are malicious, but if it is fear, I suggest you go hide under your bed covers.

From the last update

("Beacon Energy" or the "Company")

Schwarzbach-2 Development Well Drilling Rig Contracted

Beacon Energy (AIM:BCE) is pleased to announce that its wholly-owned subsidiary, Rhein Petroleum GmbH, has contracted a fully-crewed drilling rig from RED Drilling & Services GmbH ("RED Drilling") for the planned Schwarzbach-2 ("SCHB-2") development well within the Erfelden Field, onshore South West Germany.

The rig is expected to mobilise in early-June 2023 targeting a mid-June spud. Drilling operations are expected to take 25 days to reach the prognosed TD drilling depth of 2255m (1709m True Vertical Depth), with an additional 12 days scheduled for testing. The drilling pad has been prepared and the 20" conductor pipe has been set at 85 metres.

It is anticipated that once completed, the SCHB-2 well will be tied-in to existing production facilities at the Schwarzbach site which will take approximately 12 days to complete

Really? Can you provide a link to that knowledge? Seriously, I haven't seen anything like that at all?

As far as I know Noble approached HE about sourcing a rig. Nothing was mentioned about them having found one.

No body knows the terms are f the farm out and it still maybe going ahead. If it included the unknown bidder becoming the operator the ted tape involved in country is horrendous as it proved inthe tome it took for Aminex to get theirs approved. The new government has speeded things up, but red tape is still red.

The important thing is them raising the most ney so things can go ahead as planned which looks like it will happen over the weekend. The rest is of no concern

When you look at how Invictus played DM then I'm damned the ASX sure they play dirty too

My guess is that Monday is a big ask. Contract maybe ready to sign but an RNS will still need to go through the process. Speculating Tuesday at earliest for me, but next week almost certainly by looks of things.

Been like that for years Pat and Winalot is spot on. That is why many of us watch the in country news closely.

Pipeline confirmed then. That's one for somebody to put in his pipe and smoke it :-)

What is officially to come ...

First Gas still expected October and according to May RNS and the GSA and the FFD contracts are imminent."

The following expected during the interim period.

Pad Location decision - TICK ONE

AGM announcement imminent

NT2 flow test results

Scirrocco deal complete

3D results

Gas sales agreement. Government announcement today. Awaiting RNS confirmation

FFD sign off

25 year development licence

Ch1 pad construction

Rig contracted Spud date

Drilling of 3rd appraisal well

NT1 well workover

Pipeline completion

First Gas Production from NT2

All fully funded and all expected this year!

Personally I speculate spud will take place a this year but after first gas. I believe they are waiting for a specific rig currently in a neighbouring country which is planned to be spudded around August time

Future:

Farm Out of Nyuni License.

Recent Addition with an unknown timeline

The government shows confidence in asking Aminex to Farm out rather than relinquish the Nyuni area as planned. Meanwhile neighbouring Orca continue with 3D seismic over Aminex prospect with their results due later this year helping to define Aminex position further on the license. Speculating that would put Orca in prime position for a farm in, but if significant finds are made, it may tempt ARA to come in on that license as well as Ruvuma.

Good luck DYOR

Savory ducks

Nit picking and seed sowing again alligator, All comms means all comms from all sources involved, but then you do know that! Both parties are talking the same language, most noise is coming from Noble and I'm quite happy thank you. Lorna will not report the signing until it is done. However as you are so concerned, there is a simple solution to relieve the tension you feel in your bowels. Just sell up. Most on this board won't be joining you. ;)

Will be interesting to read the price

Reports coming in everywhere to support that. I am awate of a budgetary meeting in parliament today, so it seems genuine. Its publish on you tube https://youtu.be/0T7fpfSf7NQ

Nothing in life is guaranteed other than death at the end of it, however the title of the tread is 'current status' and that means according to all communications there is a contract drawn up or nearing completion ready for all to sign so the rig can be mobilsed as we are aware, from mid June and officially HE will go it alone if necessary. Its as simple as that really.

no triple you have to be wrong. according to some, that could be done over a pint down the pub on the back of a *** packet.

What a commedian. I've come across some hypocrites on these boards but even when caught red handed, this one put his hands back in the oven lololol. Takes all sorts I suppose.

JK for man that has not posted here since September until todays negative posts, your attempt to belittle a poster (CoCo) is hypocritical. We only have to look at your own posts from then to see all you did was to attack positive posters.

Before you look into my record, I'll save you the bother. Yes I am a positive poster and as it seems you think positivity is ramping, then that makes me a ramper. The thing is, I own shares in companies that I believe in, I do my research and make comments on what is officially known with very little speculation outside of that. I'm sure there are rampers that are the BS flipside of your nonsense, they are everywhere and just like you they will appear whenever they smell a quick 5%, but I'm not here to lose money, I'm here for the riches a positive drill will bring, while you are perhaps just seeking a cheaper buy in.

Please find some integrity of your own before you call others out. You are as bad as them.

As I said over the weekend this rig is not available for mobilisation until mid June. So why do people keep repeating they could have done it months ago? NO they couldn't with this rig. Also with three companies all wanting to drill in Tanzania this year, people need to recognise rigs are not parked up on every corner raring to go just because they want one to be. All the official noises are telling us that all is on schedule and there the sums tell us there is the time available, so, until they tell me otherwise the negative speculation is just BS.

I only cry over spilt milk once it has spilt.

HD we know the rains have an affect, but Aminex drilled from December through to February and though foolish to name the Xhalo rig, until Invictus changed their mind and decided to retain the rig, it was a good possibility so I can't accept it was a blatant lie. Optimistic perhaps but not a lie. Imo dye to timings and spec requirements Aminex was in line to take Xhalo after HE1 and I believe they will still take it later this year and once more drill around November December time.

Skittish technically it did, but as the rig is not ready until mid June any delays from there on, is the real burn for me.