Member Info for SEA7

podcast 39 mins in for advance energy

https://www.**********.co.uk/articles/shield-therapeutics-starts-trading-on-the-otcqx-tectonic-metals-and-alan-green-on-3-small-caps-6d081ff/

it is some history on the geology and work done on the buffalo field when it was first discovered, which gives an idea into the fact that the tech at the time, whilst getting some results, wasn't as good as it is today and as such, that is where the opportunity for Advance is in this project.

it also provides insight into the field itself.

from nexen 2004 10k filing...

https://www.sec.gov/Archives/edgar/data/16873/000095014205000617/form10k-2004.txt

Since first production in 1999, the Buffalo field, offshore northwest Australia, has produced 53(degree) API crude oil using a fixed wellhead platform linked to a leased floating production storage and off-loading vessel.

We produced our final barrel of crude oil in late-2004, and averaged 2,700 bbls/d before royalties of oil for 2004. Field abandonment began in November 2004 and is expected to be completed in 2005. There were no capital expenditures
in 2004, and other than abandonment expenditures, no further expenditures are expected in 2005 .
.......

This does tell us that they shut this off at 2700 bbls/d and had made no further efforts on this field since the infil drilling they did in 2002.

further historical research...

https://www.tandfonline.com/doi/pdf/10.1071/ASEG2001ab099

Buffalo Oil Field – Geophysical Success Under Big Bank

For Buffalo, and all nearby fields (Laminaria, Elang, BayuUndan, for example), the primary reservoirs are sandstones of
the Callovian (Mid Jurassic) Elang Formation (Figure 3). This unit is typically around 100 m thick and was deposited in
a fluvial - marginal marine - marine environment.

The discovery well, Buffalo-1, was drilled during September 1996 by BHP Petroleum and encountered a 45 m oil column
in good quality Elang Formation sandstones at approximately 3270 m sub-sea. A 27 m interval was production tested,
yielding 52.7o API oil at a stabilized rate of 11,790 stb/d. Buffalo-2, drilled in May 1997, 2.65 km to the east of
Buffalo-1, confirmed that the oil extends into the eastern part of the structure. Analysis of a 44 m core cut in the upper part
of the Elang reservoir confirmed the continuity of quality reservoirs, with porosities averaging 13 percent and
permeabilities ranging from 30 to 2500 millidarcies. Both wells were plugged and abandoned

Well results

Two of the development wells were within 1 m of prognosis at the Top Elang, confirming that the P50 (most likely) interpretation for the majority of the field was correct.

yep -oiler - concur with that

thanks Loz - yep definitely

bought in here today - excellent share price catalysts in run up to drilling later this year. One of the best drill COS I have seen available lately.

Probably had a buyer wiling to take 2.6m shares at a premium to the 17p they paid.

https://seekingalpha.com/article/4410283-transformation-sterling-energy-represents-opportunity

Re-rate potential

McDade has an enviable contacts book across West African production and it's only a matter of time before Sterling acquire an oil field given McDade’s in-depth experience in the region. McDade could bring production assets into Sterling totaling $100 million or more without issuing a single dilution share. The current market capitalization is £37 million and predominantly backed by cash. Shareholders buying stock up to 20 pence would be largely hedged by this 14 pence cash value and the management premium that is bound to begin pricing in shortly in advance of a production acquisition.

bought in today - scaling in to catch any further downside, although it is limited by the cash pile

dated 9th April 2021

https://www.biodeg.org/wp-content/uploads/2021/04/OPA-Second-Response-to-Scotland-9.4.21.pdf

The OPA responded in detail to the first consultation on 31st December 2020. We are very surprised that it appears to have had no effect on the thinking of the Scottish Government, as regs. 2, 14, and 15 banning “oxo-degradable” plastic are still in the draft regulations and have not been amended. We are therefore sending it again, as an Annex to this response, with a request that it be considered in detail, and that you discuss with us any points on which there may be any doubt or disagreement. We are willing to schedule audio-visual calls for this purpose, and to make our scientists available for an in depth discussion of the scientific evidence.

and

All of these reports have been considered by OPA member, Symphony Environmental Technologies Plc in its response to the Scottish Government dated 9th April 2021. We will not repeat those comments here, but we do request that you consider Symphony’s entire response in great detail. The OPA agrees with their response and both the OPA and Symphony invite a dialogue with your officials on any matter on which there may still be any doubt or disagreement.

tadders - perhaps you forgot about the fact that lvcg entire business was shutdown over the last 12 months, whereas a significant portion of the heavyweights in the ft100 were not.

ft100 down 2.5% - markets dropping in many sectors

live company ends the day up 1.04%

all the trades today at 4.77p that are shown as sells, are buys - online buy prices 4.77p

only four out of all the trades so far today, can be considered as sell trades.

thanks don !

Thanks Aj/Mal

The Samgori South Dome oil field is located inside Block XI-B license in Eastern Georgia, at about 30 km
east of Tbilisi. The Samgori South Dome oil field is an anticline structure, which was discovered in 1978.
20 wells were drilled on the structure, most of them between 1978 and 1983. The last well drilled in Samgori
South Dome is the well JSD-1 drilled in 2013 by Jindal Petroleum. Samgori South Dome is originally an oil
field with no gas cap. The field has been producing oil since 1979, with peak production occurring between
1981 and 1984. Production has been declining since 1984.
The field is producing from the Middle Eocene formation. The reservoir rock consists of fractured volcanic
tuffs, of which accessible porosity mainly lies in fractures, vugs and possibly karsts. Potential porous and
permeable matrix intervals are also possible. The oil field is supported by a large regional aquifer
outcropping and charging in the Tbilisi area. Reservoir pressure is today known to have returned to original
pressure, i.e. about 200 bar at the depth of the original oil-water contact at 1650 m (from sea level) or 2,400
m (from ground level at the center of the structure). This corresponds to a sub-hydrostatic pressure gradient
between 0.082 and 0.088 bar/m from ground level.
Samgori South Dome (SSD) is one of the four producing fields from Middle Eocene inside Block XI-B
license (Teleti in the west, Samgori in the northeast, Patardzeuli in the east connected to the Ninotsminda
field in the neighbouring license block). Development and oil production from these fields in the Middle
Eocene reservoir are mature, with more than 200 wells in these fields drilled since the 1970’s. Latest
developments in the area include infill horizontal wells drilled in the Ninotsminda Middle Eocene oil and gas
field in the neighbouring license block.

https://tenders.procurement.gov.ge/public/library/files.php?mode=app&file=2096790&code=1481653238

This exceptionally detailed tender document has a map in appendix 2, which refers to wr16 as a gas condensate discovery - which we know, as well as a satellite view of samogori south dome with well head locations.

The reason for posting is that it contains pages and pages of requirements for the drilling of EXP1 and Exp2 In the south samgori dome project and may provide some insight into our own expectations of drilling in X1B

eg..

The CONTRACTOR shall ensure the drilled wells and their temporary completions will meet the following
requirements:

¦ Wells and drains positioned within target areas as defined in wells geological prognosis.

¦ Gas tightness:
o The production casing shoe and its cementing shall not allow for gas leaking behind
casing over the full operating envelope of the underground storage.
o The packer / tubing / completion accessories / wellhead assembly shall provide a gas
tight conduit so that no gas enters the annulus between tubing and production casing
at operating conditions of the underground gas storage.
o The production casing and the wellhead shall offer a gas tight secondary containment.

¦ Geological / Reservoir data acquisition: the formation evaluation program shall be performed.

¦ Well life cycle: Wells shall be designed for a 40 years or more life cycle.

I note a trade of over 400k shares, for about £20k at 4.875p has shown up after hours - a few more noticing the opportunity

JKT-1 spudded 2012, drilled 58.5m down a fault zone (conformed by borehole images) with very poor reservoir properties - explaining the non-commercial flow rates. The well is positioned at the end of one of a series of linear seismic fault attributes and thus calibrates them as zones of poor reservoir properties.

• The side-track will be drilled on a NNW azimuth through a seismically less disturbed zone. This is due to uncertainty around the KRT-39 drainage area and fault complexity nearby to it. KRT-39 had produced c 0.5 MMstb (by 2019) proving the presence of producible hydrocarbons in this area.

• Well cost: $2.2mm, Time to payback: 9 months

I note that it states that 12% of the shares held by DC will be given to the team at startart - meaning his holding will reduced from 75% to 63%. Then there is the 16.3% being acquired by lvcg - meaning DC share reducing further, possibly down to 55%

the rns states....

The injection of cash by the Company into Start Art provides the capital required for the development of the existing platform, its expansion and to allow for client relationship management ("CRM") integration, live and pre-recorded TV and News, the addition of virtual reality features, a crypto payment gateway (to allow payment of products using virtual currencies) and NFT capabilities as well as other technology-based expansions.
........

This implies that the monies raised will not be paid to the shareholders of start art - that being David and Ranjt - we do need to know, if they are putting the whole million into start art and being owed the money by the company for their shares, or are they taking a bit out for their shares and then the rest is for working capital at start art