Member Info for Shouston

John, CUDA have no WI in the new discovery, it is between us and the Chinese CNOOC.

They have 27%, but may be prevented from investing in field development, due to ongoing political issues...

The value of CUDA is not affected. (Discussed yesterday)

;-))

Steve I did not say buy, I said to take a look.

I used $65 as a long term Conservative average.

Their costs to extract with federal tax is circa $20/boi.

I bought over their for Atomic acquisition at that time they were looking at circa 250mb. Last week they announced a new find between 1.6 and 1.9 billion barrels.

Take a look and then have a go. Not the other way round.

I have been invested here for a long time now, just sharing information with this BB.

No more from me on this topic.

Chin chin

Major new oil find in USA. 1.6 TO 1.9 BILLION BBL of oil in place. Times that by $65...

Sorry to cross ramp, I know some of you are already in...

Can't wait for EH results and more from Brockman and handbook for balance

Is it not normal for the 'company's estimate' to be quite a Conservative estimate at first.

Then as the facts are established and and Ryder Scott issue their view the resource is a bit larger than company estimate?

GLA

I guess with CNOOC political situation they will be prevented from spending money on development of the deeps...like they could not fund the initial well?

Could it literally fall into out hands by default?

Thanks for confirming.

It would have been strange to choke news and oil flow to starve CUDA of funds during their administration, and then lat rip with this awesome declaration that would of enhanced their price...

May work in our favour, as any bidder for CUDA will have to work with us as operator. If the operator is now somewhat focused on other more pressing matters, it don't seem that attractive.

Appreciate that we will need to progress to beyond 5000/day to finance the new discovery.

All good, fill yer boots... IMHO

Lol, you are right Shaa, to pull us back to the immediate focus of ramping up the incline curve to 5000 and beyond. ( That's what I invested here for..!)

Did not much care for the long drawn out Nigerian adventure, that most LTH were here for.

Last RNS, has added a Nigerian scale adventure, but in more sedate waters...

80+ percent lies beneath our licence ffs.

We now need to wait for a guy called Scott, to come Ryding in with the paperwork...

Can't wait for Monday.

I was of the opinion that the new discovery has little to do with CUDA. Their WI relates to BFU/CC. And not what he announced last week.

If I am right CUDA value does not increase from what was announced.

Happy to be corrected. ??

I do agree with you.

Also, many on here will need CPR the day the Conservative company estimate is validated by independent person.

30 bags will be a heavy burden I could manage...

Would Tedoby, have enough noughts on his calculator for his next submission?

Great weeks ahead...

one left on 32, he will go shortly

32 10,000 SING 09:14
32.5 10,000 PEEL 09:13
33 10,000 FCAP 08:57
33 10,000 MREX 09:11
33 10,000 STFL 09:04
33 10,000 WINS 09:11
33 10,000 SCAP 09:14
33.4 10,000 JBER 09:07
34 10,000 SCAP 09:12

Very poignant point Normbeef..

Result shortly..

I hope the next RNS relates to neighbouring land.

They wanted help to maximise their extraction rates using our topside. Thingys'

Could he, with knowledge of the August drill, convinced our neighbours to come for tea?

Hmmnn

.

Last week dreaming of 30p knowing that number is a quarter of fair value..

This week discussing/dreaming of £3...Still a fraction of our new potential here.

God forbid the Nigerians get their shxt together..

Hold tight!

Designed for maximum effect, after the initial razz a matazzz!

Let the cra zies out, and the insane in...

GLA

Crickey, we have gone from dreaming about CUDA WI, and a bit of late night Chinese. To being bought out for £10 with a £1 divi, just as a reward for toughing it out for so long....

I would rather he brazens it out.

Yes, we can do this ourselves, self funded over time over time. I (and neighbour) are not selling at that price (no matter what my wife and kids and Doggs think... ffs)

1.6 to 1.9 BILLION barrels of premium WTI. (Not all extractable....)

But every single one attributable to you personal wealth..

Need proof first though.... TRUST IS EVERYTHING!

GLA

Twaz not yours then.... lol

Yes bit jealous of that one...somebody/thing is very very confident.

10:39:37 35.50 650,000 230.75k O

Long F, in wait, but very much worth it....

Good Luck all Holders, this is a share to behold.

Thanks Art, and I mean that ;-)

34.5 10,000 SCAP 08:16
35 5,000 FCAP 08:14
35 5,000 JBER 08:31
35 5,000 SING 08:31
35 5,000 STFL 08:31
35.5 5,000 PEEL 08:24
35.5 5,000 WINS 08:28
36 5,000 MREX 08:29