Member Info for SEA7

from the cpr..

RISC is confident of the re-mapped crest to the east, and that the planned appraisal well will find updip oil.

The south and east areas are not controlled by well penetrations and this is where Carnarvon identify opportunity for volume upside to that previously identified

The Plover Formation aquifer is volumetrically significant and provides the strong water drive for the field, which is key to delivering high recovery factors.

The initial Buffalo development produced 20.6 MMstb giving a best estimate remaining STOIP of 85.4 MMstb

Do not forget the CPR

https://riscadvisory.com/wp-content/uploads/2021/04/RISC-CPR-Buffalo-23Mar2021b.pdf

We enter this phase in two days time...

Year 6: 27 May 2021 – 26 May 2022
210 km2 broadband seismic acquisition.
PSDM and FWI processing.
1 well

......

history..

The Buffalo field was brought on stream on 29 December 1999. Initial clean oil rates of 50,000 bopd were achieved in January 2000. Water production began in mid-February 2000, earlier than expected. In December 2000, Nexen assumed Operatorship and 100% equity in the field. Buffalo 6, which was planned by BHP to target the currently mapped crest of the field, was not drilled.

Buffalo-7, was drilled in March 2002 targeting a northern fault compartment. Nexen believed that the well proved the existence of a northern attic from reprocessing of the seismic and remapping, and the well came on production in April 2002 at a rate of 25,000 bopd. Buffalo-8 targeting a western fault compartment, was spudded in April 2002 and encountered the Elang Formation 8 m below the OWC. The adjacent Buffalo-9 well was spudded May 2002 and encountered shallower reservoir in the western area. The well came on production in June 2002 at 10,000 bopd.

No further wells were drilled and the Buffalo field was shut-in at 89% water-cut in November 2004 after production had declined to 4,000 bopd. The field was fully decommissioned and all facilities removed in 2005.

cannot say i was overly impressed with the insulting phrase of "your country's historical abominations" - hardly humour when it is insulting and derogatory.

insulting people on a bulletin board, based on an assumption that they, by virtue of their mothers geographical location whilst giving birth are considered english, somehow makes them responsible for the actions of other humans who died over a hundred years ago or more in some cases.

These people need to stop dredging up history, that cannot be changed and stop trying to make the current day incumbents of the country somehow accountable for the actions of dead people, which made other people, who are also dead, suffer.

for balance....

Following the union of parliaments in 1707, Scotland gained formal access to the transatlantic slave trade. Scottish merchants became increasingly involved in the trade and Scottish planters (especially sugar and tobacco) began to settle in the colonies, generating much of their wealth through enslaved labour. Evidence of the acquisition of enslaved individuals from slave traders and other enslavers can be found among the Estate and plantation records and the Business records of merchants and individuals involved in enslavement.

The main source of information in the NRS (national records scotland) for events and conditions on plantations is estate papers of landowners in Scotland who owned plantations in the colonies. Letters, inventories and, occasionally, estate plans in these collections are an excellent source for researching the lives of enslaved persons on plantations in the colonies, their living conditions and the general attitude towards slavery and the slave trade

https://www.nrscotland.gov.uk/research/guides/slavery-and-the-slave-trade

Donmac - boring, boring, boring

droning on about actions of people who are a long time dead regarding africa, colonisation and whining about the victims, who are also a long time dead is a pointless pursuit, as you weren't actually there, weren't actually affected and none of us really care - only those virtue signallers are making a noise.

thanks rift,

and it puts a lid on the reason why they have been selling - they never had any intention of holding beyond the first sign of a profit.

Third highest riser on the markets today, so far

https://www.memerycrystal.com/news/memery-crystal-advise-on-reverse-takeover-by-advance-energy/

“It was a pleasure to advise nomad and broker side on this transaction and we look forward to seeing Advance Energy expand through further strategic acquisitions for discovered oil projects. This transaction follows a very strong Q1 for Memery Crystal, particularly in the natural resources sector in which we advised on several fundraisings for our mining and energy clients.”

https://www.wfw.com/press/wfw-advises-advance-energy-on-acquisition-of-50-stake-in-carnarvon-timor-and-reverse-takeover-raising-us20m/

Chris commented: “We enjoyed working with the Advance Energy team on what was a transformational transaction for the company as it implements its expansion strategy. It is good to see that the markets are open for the right deal and the fundraising was a great endorsement of the management team and the project itself”.

and I have added again today at 2.29p

http://www.hadroncapital.com/pdf/Hadron_Capital_UK_Stewardship_Code_Disclosure.pdf

It is not the Firm’s policy to engage with issuers or management as we take relatively small positions and are
not seeking to add value via our engagement with the issuer. Our typical holding period is between three
and six months and so we are not typically long term investors.

https://twitter.com/sadaatumar?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

#ADV advance energy - Getting 3p quote for 1m shares.
Seems like sellers are out.

Good interview - sets the tone!

https://stockboxmedia.com/interviews/leslie-peterkin-advance-energy/

thanks SI

I most certainly do have a process which is diligently applied and adhered to!!!

unlikely lowboy - it has all the hallmarks of a rollover trade and 32m shares is over 3% - so a TR1 should be submitted by a buyer in that case, which we haven't seen.

All good stuff jezzac

i have made good money holding long term as well as short term. There are some that i have held for a few days or weeks, that would have netted a loss if held long term and others I have held for years.

the strategy i employ varies depending on the instrument and how it performs relative to its place in the market.

lowboy - the amount of shares is around 1.5% of the company, so below reporting threshold of 3% - This could easily be a bucket shop that took 16m shares in the placing, expecting to flip them in the short run and that hasn't worked out for them yet.

what it does tell you though, is that someone has taken out a position that they either do not have the cash for or do not wish to pay out for and there will be 16m shares due to find there way back into the market at some point.

A news based price rise to 2.5p or more on the bid, will see a high volume day and you can be assured that whoever has the 16m shares on a T20 (if that is how they are held) will feed it into the market at 500k to 1m clips, on that day.

A move to 2.5p on the bid, is nearly a 10% rise and on a position of £389k - that is a nice £38.9k profit once sold.

very true jezzac, however, the market is sentiment driven in the short run and a momentum trader needs to know the volumes, trade ranges and RSI as a starting point - they care very little about the underlying fundamental value of the instrument they trade.

SI - i always buy all my shares on T2, which was T3 up until recently. I do not use leverage and pay 100% of the purchase price up front. This allows me to hold indefinitely and at no additional charges.

Lowboy - look at the trade times - both trades are for the exact same amount of shares, within a few seconds of each other and the price is usually a fraction of a penny difference - most of these are T20 roll overs.. in other words buy stock, with a view to paying in twenty days, if the trade hasn't worked out, ask the broker to sell the stock and immediately open a new position, payable in 20 days - you invariably only have to pay a small amount to cover the difference.