Member Info for SEA7

Posted on another site...

Sonangol concessions process time-frames:
========================================================
Negotiation: 7th October to 8th November 2021

Assess right of first refusal: 9th November to 8th December 2021

Authorisation request, publication of decrees and signing of

agreements: 8th December 2021 to 11th February 2022
=======================================================

Lots of confidentiality around this but difficult to tell at what stage it's ok to update shareholders of the various companies which tendered.

think the film margin call...

there are three types of people in this business - those that are intelligent, those that cheat and those that are first.

I don't cheat and whilst I like to think we have a lot of intelligent people in the building, it sure is a damned sight easier to just be first!

added another 100k shares this morning - small top up

by march, the entire northern hemisphere will be heading into spring, omicron will be history and people will want to be out and about enjoying theirselves - this is the sector to benefit and LVCG is perfectly placed.

yep - afentra said that the stock will remain suspended until the publication of an aim admission document or involvement in the bidding process ceases.

company is in a much better place - a quid a share should be easily broken through

some of the changes since new law passed....

https://www.nzpam.govt.nz/about/news/crown-minerals-decommissioning-and-other-matters-amendment-act-passes-what-it-means-for-the-petroleum-industry/

Changes to the tests used when someone acquires a permit

The Act also amends the test used when:

someone applies for a new permit
someone transfers their interest in a permit
a change of control for a Tier 1 permit operator is consented.

The Act now requires the decision-maker to be satisfied that a proposed permit holder will be highly likely to comply with work programmes, permit conditions, health and safety requirements, environmental requirements and obligations relating to fees and royalties.

This change is intended to reduce the chance of people getting a permit if they:

don't have the right technical or financial capability, or
have a poor history of compliance.

I note that after the result back in august, cenkos upped their core net asset valuation to 6.9p

link to article

https://www.proactiveinvestors.co.uk/companies/news/956741/cenkos-says-theres-more-to-come-from-united-oil--gas-956741.html

got much further to go, with this latest success

YF Finance Limited

looks like they must have bought zions chunk

morning tuvoc - yes very undervalued and delivering on its objectives, so far

Successful drill

Highlights

· AJ-13 development well encountered 17.5m of net pay in the oil-bearing Upper and Lower Bahariya reservoir targets

The well will be tested and completed in the coming days and will then be brought immediately onstream through the existing Al Jahraa facilities, adding additional production and revenue for the Company.

have a good xmas mb10!

https://www.instagram.com/tv/CXuR_uYjLMY/?utm_source=ig_web_copy_link

2 days ago

we should see more soon as another TR1 should show up, assuming they have sold to one buyer

wonder who zion offloaded a few percent to, off market.

nah... it hasn't got the attributes of a value trap. Those being financial instability and little growth potential.

This is generating increasing levels of revenue, increasing production and has a good growth runway.

RNS from advance energy confirming rig move

The Operator, Carnarvon Petroleum Timor, Lda., has advised Advance Energy that the Valaris JU-107 jack-up rig is currently en-route to the Buffalo-10 well location, with spudding of the well expected to commence within one week.

passing fad!

This is called Hallyu - the korean wave and has been building for two decades, however, kpop in particular has become visible to global audiences over the last five to ten years.

another late trade 2.1m shares at 1.6p - buy

thanks - good luck

apparently the rig is off to the buffalo field - it is done with skua