Member Info for spike912

Thanks guys, not sure why this wasn’t RNS however as the half year results show The Company has during this period completed two successful workovers on wells TLP-101 and TLP-102 and is now in the process of analysing the results with a view to increasing production from its existing infrastructure. Also I can see no revenue within the accounts for these two wells? Or have I missed something here?

Cheers topscot :) explains that one

Fredr I do concur there the fact 101 and 102 have gone silent since July time does seem rather odd, I was aware that a pump was being installed in one well and the other was aiming to flow at 120bopd after the initial 35bopd, and the market would be updated on both. Howver upon all operational updates there has been no mention at all of either 101 and 102. Does anyone else know why, or has focus been on 103 and 101/102 brushed under the carpet. Maybe a good question for David Sefton in the spirit of transparency given we should have had an update according to the RNSs around the time of those wells

Scott I doubt it will be opening at 0.28 IF we come off suspension, it will either tank or boom depending on how and why we are removed from suspension imo. Can see this all dragging for weeks however, that said worst case we will have some news within 26 odd days now re nomad as a minimum

Interestingly the current situation gives an unrisked valuation for the Mengo horizon of $68-169m (30-75p/sh), or 18-45p/sh on a risked basis. That is based on the 8.1mmbls rec oil on the anticipated net pay of 38m gross from the original drill in this well. But they now have 104m gross or 2.7 x original pay zone - (18p/45p/2 = 31p x 2.7 = 85p )in theory - but have to be proven by further tests first. Where there has been divergence is that initial results show a thicker Mengo than expected, which translates into a potentially larger pay zone. The original Mengo discovery well in 2006 encountered a 38m gross column (10-15m net pay) with oil shows and movable hydrocarbons in the Lower Cretaceous Mengo sands.

*hence rise rather dulled (sorry iPhone)!

My only minor concern is we do have a few hallmarks of forward selling into the rise (hence rather filled), and it’s worth noting we’ve had zero results, just hydrocarbon shows which are just an indicator, so whilst you can’t beieve a word on twitter, I guess we all have to watch with eyes wide open at the minute on aim

Sefton made it clear in the interview NO placing and the twitter rumours are all utter tosh No one knows the wire logging yet, guy as no tweets until today, probably worried about his short

I do think we will get liscence news early next week, split the week with two RNS’s. We won’t be left hanging imo, Sefton will want to keep the news flowing imo

This is aim, people can’t hold for more than 2 days half the time. Their loss ;-)

I personally can’t see why or how releasing nomad information will damage the court case? PR and reputation of FRR, maybe, but court proceedings I doubt it given the likely reasons as to why they resigned but never know

Drewky, I agree mate. However, value will always come through in the end if the results are right and the business is run right. We end up with a $75mil PA revenue, we won’t be hovering around 10p I can assure you ;-) Just have to start booking reserves and production, turn flow into income, and the mcap will look after itself. But I agree, massively frustrating at this moment in time. But our time will come

Bomber, you’ve not be reading it, I can see that ;)

Code, again nicely twisted. If you’d prefer to use any exact wording I have used in relation to the situation then feel free to do so, but just twisting comments and one clear tongue in cheek post, is rather pathetic. Guess my point on this board at the present time is proven yet again

Code, read the threads and you’ve very cleverly twisted my views, which I thought out of many you were a little better that than. Take a look over my posting, I have never said “dead in the water” not have I proclaimed a “roaring success”. Problem is on this board now emotions are taking over sensible and respectful posts, from nearly every poster.

Exclusivitiy? Mmm

Rainbow, with respect we know the box isn’t empty hence they are fighting, the real fact is why have we defaulted, and the court and legal proceedings. At this stage it’s got nothing to do with what’s “in the box”. Everyone knows what’s in the box. I sincerely hope zz hasn’t underestimated hope, I really can’t see someone like hope making a mess up here, I hope I’m wrong, just feels too many are believing in their own propaganda at the minute.

Gary what is one mans furure life isn’t another’s, what Is small change to some isn’t to others

Bomber suggest you read my posting history that will answer your question which you’ll find is circa 4.5mil holding

Hopefully with postive results and a flowing well they won’t have to issue shares and institutional lending and senior debt et al will be opened up.