Member Info for sirmark

Nice buy orders on the book today... I feel we have all but got rid of the flippers and ready to move on back in to the twenties.

09:59 6,982 17.92

09:59 896 17.92

10:01 5,200 17.92

09:59 300,000 17.9

09:59 14,700 17.86

08:33 100,000 17.8

08:35 50,000 17.74

09:59 15,678 17.58

09:59 18,233 17.54

07:50 3,411 17.5

07:50 50,000 17.5

People just haven't grasped what a success case looks like ... this is not a single strike business we have already found (3rd part validated) billions of barrels of oil.

The sheer size of the price is insane, and so many sector specialist have all validated what we have.... just the market is a sleep at the wheel at the moment which is great to build a stake.

Nice 610,000 buy just went through !!!

Credit to Flight ~ Discord

hTTps://www.tradewindsnews.com/gas/excelerate-energy-closes-in-on-new-lng-terminals-for-alaska-and-vietnam/2-1-1689526

There is a need for Enstar to fill the supply gaps for a few yrs - Until N/slope gasline is built and supply ramps from PANR and poss others.

Looks like this Excelerate Energy contract to provide import plant is on a semi-temp basis. Hence ‘floating’ docked system.

There will need to be import capability to provide Enstar with uninterruptable supply contracts for the gas they need. This looks like that provision. Depending on where it’s docked in the cook inlet they could hook it up to current pipelines (Hillcorp lines) that currently feed South central. It may be thought this is a more efficient/economic route to take. The other option for import would be to build a local pipeline cost 57m$ from Nisiski AK to South central (the application permit for this pipeline is with regulators FERC) and have tankers off load to the re-gasification plant already on the coast.

I like this news as the floating plant is more temporary a solution to the gas shortage. (More likely that a n/slope gas line is in the works)

Those two adjacent oil fields are conventional as we are, and are MASSIVE and will produce an absolute fortune for the companies... remember we own 100% and you as a shareholder have essentially a massive portion of this and being early in the game your regards could even be as high as 100x

When you get a second its worth reading the Willow Oil Project details as were going to drill the same zone.

https://en.wikipedia.org/wiki/Willow_project

They are targeting 750mln barrels of recoverable liquids... infrastructure cost $8bln

In 2020, it was thought that over its anticipated 30-year life, the Willow project could produce 200,000 barrels of oil per day, producing up to 600 million barrels of oil in total. According to estimates by the Bureau of Land Management (BLM), Willow could generate between $8 and $17 billion in revenue.[4] ConocoPhilips has described the $8 billion to $17 billion revenue as economic benefit, a sum of $3.9 billion in federal royalty, income tax and gravel sales, $2.3 billion NPR-A Impact mitigation grant funds returned to the state, $1.3 billion revenue to the state of Alaska from production, property and income taxes, and $1.2 billion North Slope Borough revenue from property tax.[5] It was expected that construction of facilities would occur over 9 years, employ up to 1,650 seasonal workers and an average of 373 annual workers with 406 full-time permanent employees when operational.[4]: 9 

In June 2021, officials at ConocoPhillips stated it had, "identified up to 3 billion barrels of oil equivalent of nearby prospects and leads with similar characteristics that could leverage the Willow infrastructure...[Willow] unlocks the West", in other words 600 times larger than Willow.[6]

In January 2024, a ConocoPhillips advertising fact sheet lowered its estimated oil production to "180,000 barrels of oil per day at its peak" and the number of permanent employees.[5]

Santos announces Pikka FID and net-zero project plans

Highlights

Expected production 80,000 barrels a day gross with first oil anticipated in 2026

2P reserves 397 million barrels gross pre-royalties

Capex US$1.3 billion Santos-share

~19% IRR at US$60 long-term oil price

Santos committed to a net-zero project (scope 1 and 2, equity share)

Strong support from key stakeholders, including the State and landowners

Santos, as operator of the Pikka Unit joint venture, today announced a final investment decision (FID) has been taken to proceed with the US$2.6 billion gross (US$1.3 billion Santos-share) Pikka Phase 1 oil project located on the North Slope of Alaska.

Pikka Phase 1 is expected to produce 80,000 barrels a day of oil gross with first oil anticipated in 2026.

The project has strong fundamentals, is located in a world-class oil producing province with significant existing infrastructure, has low unabated emissions intensity and is supported by key stakeholders, including the State of Alaska, the North Slope Borough, the landowner company Kuukpik Corporation and the Arctic Slope Regional Corporation (ASRC).

Taking FID on Pikka Phase 1 is consistent with Santos’ goal of achieving net-zero (scope 1 and 2, equity share) by 2040. Santos is committed to delivering a net-zero project (scope 1 and 2, equity share) and has entered into Memorandums of Understanding with Alaska Native Corporations to deliver carbon offset projects, including a Strategic Alliance with ASRC Energy Services, a wholly-owned subsidiary of ASRC, on leading technology development for carbon solutions in the Arctic.

Alaska has a rich and proud oil and gas history – welcoming the jobs, investment and community development the industry provides. Pikka Phase 1 represents one of the lowest-cost and lowest unabated emissions intensity new oil projects in the region.

Santos is focussed on local procurement and local employment as part of the project, with 98 per cent of current employees living in Alaska. Phase 1 of the project is expected to create more than 500 jobs and construction of the project will deliver approximately 2,600 jobs.

The Pikka Phase 1 project represents compelling value for Santos shareholders given its robust economics and strong local stakeholder support.

Santos Managing Director and Chief Executive Officer Kevin Gallagher said Pikka Phase 1 is the right project at the right time in the right location.

“Global oil and gas markets are seeing increased volatility and countries are looking to diversify their supply sources away from Russia, which according to the International Energy Agency, currently produces 18 per cent of the world’s gas and 12 per cent of its oil,” Mr Gallagher said.

“Low-carbon oil projects like Pikka Phase 1 respond to new demand for OECD supply and are critical for global and United States energy security, that has been highlighted since the Russian invasion of Ukraine.

“Santos has emissio

Worth reaserching for anyone whos interest to get a grip of just how MASSIVE this might be is to look at the two adjasent field WILLOW & PIKKA

Ill post on separate posts, but they are in the same area same formation and we have an extremely high 69% change of success.... which is insane and even better for us we will be drilling before the weather kicks in as were on the high way and will work of a gravel pad (also drilling costs are lower in the summer months)

Don't forget the board just lumped another $1,000,000 into this placing... they're putting their money where their mouth is :)

Things are going to start motoring and the news flow is going to flowing as well as this drill !!

Also worth a repost this weeks interview with Bob

hTTps://www.youtube.com/watch?reload=9&v=VEROnruyPzc&t=1s

There's obvious other traders that are done around the MM's also some participants of the placing taking the 10% so no problem as it clears them out and builds a more stable support level.

Seven of the 9 MM@s all now on 20p - 20.5p so just two left sub 20p

19.5 50,000 SING 07:53

19.9 55,001 JANM 08:55

20 50,000 WINS 07:50

20 60,000 SCAP 07:50

20.05 50,000 STFL 07:55

20.5 50,000 CANA 09:35

20.55 50,000 INV. 09:44

20.55 50,000 MREX 09:44

20.55 50,000 PEEL 09:44

Clearing the last few sellers as we make the way to 20p

MM's currently sat on 19p & above now , most are basically on 20p

19 60,000 SCAP 07:50

19 50,000 SING 08:00

19.32 55,001 JANM 15:40

19.96 50,000 MREX 15:40

19.98 50,000 INV. 15:40

19.98 50,000 PEEL 15:40

19.98 50,000 CANA 15:40

20 50,000 WINS 15:40

20.05 50,000 STFL 07:58

Someone is picking up a fair chunk of stock !

Same I see this hitting 19p at some point and maybe a small retrace 18.5-18.8 close maybe and tomorrow start to attack the 20p

Comment close on Saturday for objections to the Megrez 1 well, so next couple of weeks we should be awarded the permits ...then gravel pad construction and rig contract award and we set upon the worlds most important/impactful well of 2024.... things will go bonkers as we drill and with all the characteristics as the Willow and Pikka field but without the infrastructure costs (8nlb and 2bln respectively) we're on the highway next to the pipeline....; if this flows as well as we are begin to realise then every oil company will want this field that's for sure.

Started well, small little wash through of some more stock so might have to wait for some more washing but we’ll break through soon enough.

Was 19p on the offer earlier, some cheap stock below 18p for anyone watching on the sidelines maybe the last opportunity sub 18p

Could well hit 20p tomorrow and decent Friday session could set this up for a speedy recovery next week.

20.05 50,000 STFL 16:25

MM's now on the 20's

Yes they stayed with the same amount of stock so no REAL change only we have a few more shares in issue so the % reduce them down accordingly.

Non event