Member Info for SpArmada

Good catch, Adon! Did you get it from Utah's o&g portal?

I also saw the cea.ca post and came here to share it. I liked it and makes some very good questions, I hope someone provides some answers or THE answer. I doubt they will refocus the company as a CA company. I don't think the market will react well to a possible dividend cancellation, what's your view?

You can add the revenue from the Spanish asset, at some point they mentioned a 22% use of the 8.2MW capacity, which would result in an yearly production of 15,800 MWh if producing 24h/day 365d/y. And the Spanish wholesale price is right now ~€80/MWh, which will result in €0.6 million in revenue from Prospex 49.9%, again without discounting any costs.

From BP GSA: Gas supply price will be linked to the Italy’s “Heren PSV day ahead mid” price assessment

Now, the Italian gas price: https://www.mercatoelettrico.org/En/Default.aspx (~€1/scm / £0.86/scm rn)

PXEN 37% would generate €9.7m or £6.6m OF ANUAL REVENUE, I think a high case would be €12m/£8.2m if the price soars again. Then you have to discount opex, g&a, interest, taxes ...

Both should do the calculations based on the actual production reported today, even in the high case after the ramp-up ...

LOL Who didn't say it?

Too much talking and too little delivering ... West Africa and Southeast Asia are full of opportunities

You were warned that this was a gamble on natgas price soaring again, and it has been the opposite. Several usuals from this board warned about the situation of the company and the equity being worth almost 0 without a recovery of the commodity. Some even though that the flow test levels would be the actual production, which never is. When a stock has fallen by 90%, it can still drop another 90%, only the 100% loss is definitive. Be careful

I wonder how it is possible they don't know the flow rates yet

"PG and Lonny wanted for obvious reasons to keep as much quiet as possible" yeah, that's the dream of every AIM CEO, to get the company as little known as possible. The communication is terrible, even today they released partial information from the wireline logs the have already analysed.

It is nice to see the measured the porosity in 1 out 3 sands, but whay wouldn't they pprovide info about permability? I mean, both can be interpreted from a wireline log analysis

Porosity: is a measure of the void spaces in a material (the space to trap gas, oil or water)

Permeability: a measure of the ability of a material (such as rocks) to transmit fluids (the ability of the trapped gas, oil or water to move between pores)

You got it: https://www.londonstockexchange.com/news-article/PRD/mou-4-update/16038913

To be honest, I've been following Emil on Twitter and other forums, and I think he has some credibility because he's not the average pumper/deramper. Just read with he's writing from a impartial point of view, he just wants the company to pick up the phone or write him back. I don't know how you see that as negative or an attact to PRD

This is looking more and more like another (unpumped) PANR, watch out

Nothing visible: https://soar.earth/satellites/sentinel?pos=34.321534981303316%2C-3.368419048847165%2C16.77&service=WMS&request=GetMap&bbox=-374473.02707147517%2C4072285.361180966%2C-375298.65422579605%2C4071679.3962970693&time=2023-07-09&layerKey=GEOLOGY&layers=GEOLOGY&title=Sentinel+2&image_data=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2F28b4c9f0-28ea-4d19-8bb7-1bfc9f18c9bc%3Fservice%3DWMS%26request%3DGetMap%26layers%3DGEOLOGY%26format%3Dimage%252Fpng%26transparent%3Dtrue%26version%3D1.1.1%26showlogo%3Dfalse%26name%3DSentinel-2%2520L1C%26width%3D100%26height%3D100%26maxcc%3D100%26time%3D2023-07-09%2F2023-07-09%252F2023-07-09%2F2023-07-09%26bbox%3D-374473.02707147517%2C4072285.361180966%2C-375298.65422579605%2C4071679.3962970693%26crs%3DEPSG%3A3857

That would be flow testing

It's not all lost, it will depend if the natgas prices recover in H2 2023, or not

I always said ZPHR lacked a strong operational team and I was attacked by saying that. I thought Colin could create that team and grow the company with it, but he hasn't been able to do that before or after the incident. Now I don't trust him, I think he has lost the north and is trying to get the head above the water. The Federal-8 well is a old well drilled into a different horizon, I guess he's trying to increase revenue in every way he can think of, and that's sound desperate. Where are the contracts with Dominion to sale the gas or for the construction of the gas gathering line and refurbishment of the gas processing plant?

Last year, I thought that the Paradox Basin was a company-making opportunity, now I think they were playing with cowboy hats to look like Texan oilmen and don't have a clue about what they are doing.

Mostly positive RNS, what I find weird is that Zephyr has a flowing well but they don't give any numbers, why?

It could be, scoredagainsteps. Particularly as the decline in UK and NL seem unstoppable. The last 3 drilling campaings have been a total failure, Q-11B, Benriach and estimulation of Q-10A. The lack of news regarding Orion is killing the share price. Mime deal is great but it won't start to deliver until 2 years from today. I reduced in the way down and I keep a small position, which I could increase at £2/sh