Member Info for SEA7

some good info in that one AJW

maybe 5 years old but..

https://www.researchgate.net/publication/291835885_Georgia__Petroleum_Geologic_Link_from_the_Black_Sea_to_the_Caspian_Region

extract..

Between 1977 and 1984 Georgia experi-enced peak production rates of almost 70,000 b/d (equals some 3.3 million t of oil per year) before over exploitation and insuf-ficient reservoir management resulted in a drastic rise of the water cut against a dra-matic drop of the oil rate.

yes - it should be released soon

i bought 2 x 100k lots and 1 x 50 k lot today - still not showing on lse trades tab.

graham briggs being ex harmony ceo as jv project manager for blyvoor- gives greater confidence than just LC doing it.

expected by the end of October... as stated in the rns. Most probably get this next week

Does anyone recall if the tailings are included in this deal arrangement..

https://www.weare121.com/121mininginvestment-new-york/wp-content/uploads/sites/9/2020/06/Nomad-Corporate-Presentation-JUN-2020-compressed.pdf

ON THE FIRST 300KOZ GOLD DELIVERED
? 10% OF PRODUCTION ON FIRST 160KOZ GOLD
PRODUCED IN A CALENDAR YEAR/5% ON REMAINING PRODUCTION DURING THE YEAR

? FOLLOWED BY 0.5% OF PRODUCTION ON THE FIRST 100KOZ GOLD PRODUCED IN A CALENDAR YEAR
? ON FIRST 10.32MOZ GOLD PRODUCED AT THE BLYVOOR MINE
? SUBJECT TO AN ONGOING PAYMENT OF US$572/OZ

page 23 - eqtec patent claim - view on patents drafting

https://www.cia.org.uk/Portals/2/Elements%20copies/Elements%20Autumn%202020.pdf?ver=2020-09-14-092342-083

Without a “Cradle to Grave” approach, the patent owner risks developing non-strategic or commercially weak patent portfolio with difficulties in enforcement. It remains to be seen whether Aries’ patents provide effective protection for its waste-to-energy or whether they are a “waste of energy”.

Legacy well test in Teleti ?eld and the presence of over pressure zone in PAT-E1 well suggesting potential for commercial gas accumulation analogue Upper Cretaceous of Patardzeuli structure.

https://www.researchgate.net/publication/336141896_AAPG_GTW_Exploration_and_Production_in_the_Black_Sea_Caucasus_and_Caspian_Region

As part of the Lower Eocene play evalua-tion, the neighboring Patardzeuli structure was drilled in 2018 (PAT-E1). The results of drilling and testing of the PAT-E1 well allowed to signi?cantly improve our understanding of Lower Eocene, Paleocene and the Upper Cretaceous formations. While drilling the 8.5 in and 5.875 in open hole sections, mudlogging, cutting sampling and its description, as well as high-reso-lution gas chromatography analysis was continuously performed. Advanced open hole logging including PEX, CMR, FMI, Sonic Scanner and LithoScanner were recorded in those sections to de?ne test intervals. The analysis and integrated inter-pretation of all the available data allowed us to compile a lithology-petrophysical model of the Lower Eocene, Paleocene and Upper Cretaceous formation with a clear identi?cation and justi?cation of their boundaries. In accordance with the log data obtained, the thickness of the Lower Eocene deposits in the PAT-E1 well is 1171 m, the effective porosity of reservoir layers varying from 4 to 16%. FMI logs show the presence of open fractures throughout the Lower Eocene section with clusters of high fracture density.

The Paleocene sediments show a total thickness of 665 m and are distinguished by a monotonous stratum of marls with thin streaks of mudstones and limestones. The effective porosity of the Paleocene formation is very low (1-3%) and shows no permeability. These rocks could be considered as a good cap rocks for the Upper Cretaceous formation. Despite the absence of porous rocks in the Paleocene sediments, signi?cant gas shows were recorded during drilling. These shows correspond to localized fractured zones which identi?ed in FMI log data.

The Upper Cretaceous sediments are clearly distinguished by a drastic change in lithology where marls are replaced by limestone. The porosity evaluated in the Upper Cretaceous sediments is very low (1.0-1.5%). According to the FMI log data, fractures are identi?ed throughout the entire Upper Cretaceous section. The fracture properties are different from the Lower Eocene sediments, as they show lower value of aperture (<0.015 mm) and a wider spread of fracture dips angles (6 to 90 degrees). The drilled thickness of Upper Cretaceous sediments in PAT-E1 well is 291 m. The Upper Cretaceous sediments and the lower part of the Paleocene were tested together in 5.875 in open hole section within 4558-5020 m MD interval. The gas flow rate for this interval ranged from 1400 to 3400 m3/day. The formation pressure gradient obtained in the open hole section is 1.45 SG, which corresponds to an over pressured Upper Cretace ous zone and con?rms the good cap rock proper-ties of Paleocene formation. Similar gas flow rates (6000 - 7400 m3/day) were obtained when testing the Upper Cretaceous sediments in the TLT-55 well.

https://www.newsbreak.com/news/2080408166501/oslo-brs-status-companies-on-special-observation

from todays interview on tms...

"its been a quiet time from a news perspective" - "things are about to get very busy for the company and there are lots of positive news coming down the pipe. We are certainly on track with hitting our objectives and all things being well the market catches up and the market cap follows, right - fingers crossed on that point"

when ferguson joined solo the share price was 2.25p ish. Now it is 2.5p - so no real change. He outlined a three year plan in 2019 - guess your about half way through. shares in issue is up about 200m from c460m to 670m since he took over..

depends what you mean by destroy - if you mean they will wreck the under performance and slow progress to date then that cannot be a bad thing.

I Would say fuse that they are definitely looking - as they are holders of the stock, it is a fair assumption that they will be fully aware of what block has and they would not have bought unless they felt it was undervalued and worthy of their time.

fitzpatrick - not fitzgerald - damn !

2019 alistair ferugson talks of their 5000bpd goal, via a targeted m and a process over the next 3 years

https://www.youtube.com/watch?v=SRyHQQTtfzM

from 2018 alistair ferguson talks about his plans for solo and a more business like approach.and bringing john fitzgerald on the board and how they are definitely looking for acquisitions.

he said...i was first attracted to solo as a shareholder as it was undervalued.

https://www.youtube.com/watch?v=PTtRuA3e_jI

had a small to up here today - hardly any volume today and price back down

https://www.malcysblog.com/2020/10/core-finance-ceo-interview-stephen-bowler-of-igas-energy/

There is no real expectation for the price of oil increasing in the short term - it makes no sense to hold oil inventory, when the cash value held in that inventory could be put to work and the WR field is shut in.

The only revenue at present is sats and norio.

They made the right decision to sell down the oil stored and are deploying the cash accordingly.

moving up on small volumes

maladoni

yes, definitely. There is more they know about and are not saying regarding the schlum deal... they indicate it here...

Block continues to work with Schlumberger on completion of the acquisition of SRCL, which was announced on 26 March 2020. Some conditions necessary for completion have been fulfilled, such as the receipt of approval from the State Agency of Oil and Gas, but, owing to COVID-19 travel restrictions, an agreed shadowing period has not yet been possible. We look forward to updating the market in due course. In the meantime, sub-surface technical study work on the SRCL assets continues, yielding economically attractive short and medium-term opportunities that will be presented to the market following the completion of the acquisition.

...........

as you can see, they are planning to shadow the guys on site, which will ensure they have a good handover - it also indicates that schlum are keen to see it in good working order after handover - they obviously value the asset despite it not being a core asset for schlum at a higher level.

....

when we talk of funding - there is of course the possibility that schlum will loan block cash against the reserves in the field.
schlum do have a lot of debt that exceeds cash and receivables, however, they hold over $2billion in cash and have $8billion in receivables due.

there is plenty to think about here - should block get the schlum acreage up and running successfully, schlum may come back and buy up block energy to obtain the asset back, further down the road, as georgia is a very strategic country from a gas transit view and also they are aiming to change from importer to exporter of gas - schlum will want to be involved and having a stake in block keeps them in country, just off their own balance sheet at this time.