Member Info for somm

''The Perseverance #1 well will be located in water approximately 520 meters deep and is planned to be drilled to a target depth of 4,822 meters, but with the capability to be able to reach 5,600 meters, affording the ability to evaluate multiple reservoir horizons throughout the entire stratigraphic column below the Tertiary cover''

4,822m / 45 days = Av 107m pd
4,822m / 60 days = Av 80m pd

= Av 93.5m pd.

Topped up with 105K and it's showing as a sell.

I'm thinking A5 pipe may be still stuck and A6 still being drill with rig they were building a few weeks ago, wonder if the 200 bar pressure has increased further over the past 4 weeks to boot?

Anyhow, we should have a couple of hundred more barrels to add to the pot from the shallows in the next RNS.

So glad I topped up last Friday at close.

Yep, topped with another 175K today in anticipation of a RNS popping up in the next week, probably carp news re the A5 Wells stuck pipe, and moved onto A6 Well - hoping fully the pressure up enough for natural flow.

And hopefully a couple of hundred more barrels to boot.

Export permit/ payment reduction (Mid Q1 I reckon for that).

I remember when Potter said this would be an open hole with reporting down to TD and was hoping to top up/bale on news, now it's a tight hole, ah well.

On 5 other off-shore wells (nearest to the Bahamas) that were drilled to around 22,000 feet there were Live Oil shows at different depths, but there were no commercial quantities of oil found. I hope with the size of our structures/ traps/ zones etc. there will be oil found in commercial quantities (please don't be water).

Cuba across the way has on-shore oil, I haven't checked at what depths, but if all the way down to 15, 000 feet we could be in the same oil kitchen, don't see why not.

At the very least I hope the RNS says X meter oil column found and testing has started.

GLA

How much spent on seismic £7 million and puffffff gone! Can we sell it nope Ex Partner will no doubt have access to the data room. to boot.

Back below 0.005 then...……………..

The £20 million bond being pushed back a few years and a further VAT payment in the coming weeks should push this back up, hopefully underpinned with a good Op's Update.

Had my finger over the buy button most of the day - got an extra 100K shares now lmfbo…..not!

fukcaduck!

What did I say yesterday...………..

Wait until the mile stone awards get issued or should that be the millstone awards?

Look at GKP 13.7 billion barrels OIP.

NO BUYERS!

2 bonds = $600m.
OIP revised down.

4 licenses, three given up re not commercial.

BoD one by one resigned.

Dilution 100/1 share.

This has all the hallmarks of GKP.

HUR need $130 million+ in funding to drill the reservoirs.

80m+ in cash.

How much will bond owners want to cover their interests?

How much can HUR raise is the question?

Dilution which ever you look at it is going to be massive, they are spelling it out what is likely going to happen.

Let's all buy more says Dante!

Come on we all know his sauces are HP and TS, please ketch up!

Yes, good news indeed, been waiting the full 10 years for this day.

Next RNS will be a share issue award for Directors and employees having hit another milestone no doubt.

I'll say 100 million new shares before TD, this will end up so diluted you'll be able to see the drill bit turning...….

WRT the COS % it could be 99%, but it doesn't matter, it's all down to the drill bit and a prayer.

Good luck all.

Tangiers Petroleum (88 Energy).

I put £100K into them on the back of seismic results/ plumes/ oil slicks above the reservoir area blah blah blah I'd done as much research as possible, it had a 35% COS.

Estimated OIP was 8 billion barrels!

So they had to have oil right, I mean 8 billion barrels is some estimate...……...

Nope, turned out to be dryer than a centennials Bermuda Triangle.

Got to be in it to win it right?

You'd think there was 1.44 billion barrels of oil down there.........

Oh look all the 6's showing as a sell (266,666) I can confirm it was a buy, no doubt all they other sells are buys too....

Doubt this will spud next week, I'd guess on Boxing Day...put'um up...

Couldn't resist a top up with all the 6's.

I said 12 months ago the Chinese would do what the could to slow MATD from draining 'their' reservoir and oh look 12 months on zip co's some guv officials are off work, no doubt a few more brown envelopes are on the way.

The question is will there be any of the 33mmbls of Recoverable oil left by the time the last envelope has been opened?

I think most here were expecting a possible 50% reduction in Reserves, but 90% wow!

So what now?

Water injection.
Sandstone reservoir on the flanks - how much oil?
Lincoln production 2024?
Z well brought back on after water injection at a shallower depth - 2021?
Refinancing the debt this/next year.
Sold?

From 3p the share price should multi bag in the next few years, it's definitely a long hold from here.

Lost tens of thousand here due to believing in Trice's Perch theory.

When is a Perch not a Perch - when it's Red Herring...………..

£6k last bought at 43p.

Let me know when this 1p rise has a couple of zeros on it.

They're treading water and will do for years. The income is enough to pay the interest off and they'll have to build up all their spare cash to pay off their loans so don't expect a TA drill being participated in unless they raise more cash aka dilution for sure.

17p+ now 0.5p

Bought a load at .80p to average down and nearly 50% down since then and that's on top of being nearly 100% down on my first 8 tranches bought on the back of lies (500m oil column).

Next RNS will say production has increased from a couple of workovers - big deal! where's the f'ing testing, specialists needed to do what exactly, frack at a shallower depth?

If CGC said they were going to spud next week Echo would be screwed, reading through the refinancing RNS there's a lot of ifs and buts about TA and I get the impression it's unlikely we'll be apart of it due to our financial woes.

There's always hope...……………………….

Smasher,

What do you mean Clive has no enthusiasm?

He's just bought a big fukc.. ing boat!

Pretty sure all today's sells were buys.

Topped up with 71K+ earlier today and it's showing as a sell?