Member Info for Shouston

The moment we pay off the existing senior credit loan we will be free from the hedging impositions on oli, imposed by said senior lender..

RBL finance will also contain an element of hedging, hopefully at a higher price. What I believe that will remain unchanged is the gas hedging that was negotiated by COPL outside the senior credit terms.

GLA

Here is what I wrote:- " several more weeks"

Report

AGM was attended by all board members except John Ford (covid)

It was lightly attended by investors, about 5 members of the audience present represented PI,s One individual present represented 5% ownership:-)

Following formal voting several questions were raised.

1) What catalyst is required for monetisation of our TL asset. And when do you think it will transpire.

Reply. Several meetings held with gov of TL, including new President. President is keen to begin revenue generation as soon as is practical. SUNDAGAS has a close long term relationship with TL.

Secondary question: Is monetisation purely reliant on Tase Mane being built...

NO, is the answer, TL gov would be happy to see Chudditch development, and does NOT rely on vertical integration on the island.

(ie) if the 3D is as strong as we believe, and a farm in partner found we can develop the field.

TL gov is conscious of rate of decline in Petrolium fund and needs to stimulate more income.

2) What farm in interest is their?
Company is talking to several parties, some traditional, some new entities looking for future energy security.

3) 3d data is taking a long time Why. Can it be done any quicker.

Company says no quicker. It wants to present very accurate data that even £1.99 can fathom. Dr Butler explained complex nature of local geology and technical concerns with getting the right geological picture. They are computing an area the size of greater London in 15mr2 sections. They want the data to speak for itself.

Asked how much longer, the reply was several more weeks.

Importantly the geological seal holding the hydrocarbons in place is still their and intact.!!

Overall the BOD seemed very open and keen to answer direct questions.

They seem professional, confident in what they have, to the point they too have invested cash.

Very BULLISH was mentioned.

So

Key takeaways.
Chudditch can be a standalone development not reliant on Tase Mane nor Darwin pipeline.

3D studies are so far positive, and company is marketing them actively.

Dunrobin is also looking favorable in this changed original environment.

Nice...

15:06:42 0.0749 10,000,000 7,490 O

hmmm?

Time Trade Price Volume Value
14:00:26 14.46 4,750 686.85 UT

JUst MREX left at 14p...

Could, Islandgirl, provide some appropriate tunes.?

Is it comprehensible The Accountant come forth and declare all is good?

Can the , "$-hoossh" Shaamen, create an Illusion, that Tiburns view is correct.

The picket fence paint has been purchased.

CUDU woulda, shoudA DID...

How deep do you want to go???

Toodle.

Master D Ville,

The news is the $hit DJ, and the copl fiddler, have both 'self wedgied' themselves to death...

Hmmmm, what does OUR CEO, know...that we do not?

Chin Chin

Some kind soul sent you the invite..

I don't have a clue on those tinternet things...

Invite only HW,

What's you TG name? I will get an invite to you somehow...

Great day for the believers/researched today!!

I agree. No interviews....

Just release good news in written form...lol

Harry it was for 12.2p. But I do not think it got filled.

But point being people with serious cash are interested to acquire.

I saved this from earlier.

13:50 22,121 13.3
13:25 JBER 10,000 12.9
10:49 PEEL 10,000 12.7
10:57 STFL 10,000 12.6
13:50 26,579 12.6
11:54 MREX 10,000 12.3
13:50 700,000 12.2
12:53 WINS 10,000 12.1
13:50 1 12.1
10:54 SING 10,000 12
11:00 FCAP 10,000 11.5
07:52 CANA 10,000 11
13:26 SCAP 10,000 11

13:50 700,000 12.

Is that you bridgetroll?

Thanks for the top up

12:47:50 0.074 1,343,968 990.50 O

Funny BRidgeTROLL,

He last bought in just after making the August drill of the deeps.

Since then he has been blocked from buying until now.

Hows your short doing today....

The rules are if INSIDERS are BUYING.

THEN

Fill your boots, because they know more than you....

GLA

Nice day today.

Wish I dug deeper behind the sofa last night....

GLA

Managed to snaffle a few more at opening...

25-Aug-22 08:00:41 12.50 79,924 Buy* 9,991

Paid a bit much but now it's ok ;-))))

Production,production,production

That will drive both sentiment/sp, and build trust.

I posted last night the efforts since CUDA, to build production. We need to hear more about these....

Yes Shaa, a nominated rig and spudding date would be some simple quick wins for sentiment.

Just a short statement need suffice...

Dated Yesterday...