Member Info for Swatton

End of year div is normally a month late but will hopefully include a special divi. Then the next one is 2 months after.

Anyone know any reason for the large number of sells over the last few days. Is it pre-update jitters or has anyone heard of an issue?

I'm not sure that is correct. This is taken from the prospectus (it suggests that in the first half of 2024 the combined total was 120kboepd. I wouldn't have thought it would have dropped to circa 20k unless they closed a lot of wells in the second half of the year?

MPNU operated oil & gas production for the first half of 2024 averaged 67.0 kboepd on a working interest basis, of which c.92% was Oil and NGLs. A further 4.4 kboepd net was produced via the non-operated Aneman-Kpono field.

In 1H 2024 on a pro-forma basis the enlarged group produced 119.8 kboepd, an increase of 148% on Seplat's reported production in the period.

So at the moment SEPLAT are producing 50k from their old fields and 70k from the new ones they have just bought. So currently producing a total of 120k. When they grow the production on the fields they have just bought to 120k in 6 months then the total production for the company will be 170k boe? Is that how you read it?

I saw that but I don’t understand the numbers. I thought that they are producing around 120k barrels per day now with the combined company? Can someone explain please?

It all looks pretty rosey from here. But my question is why are 400 wells shut? There must be good reasons for this?

But also lets not forget the gas which has no carbon tax as part of the PIA.

I think one of the things we are missing here is that Seplat may move to embrace the PIA and hence renegotiate the tax situation for the MPNU assets. Anyone got any insights to this and the potential benefits of doing so?

The post tax CFFO looks very low. Less than 10% of the pre tax CFFO. How can it be that low?

Any one got any ideas what is happening here. The SP seems to be dropping a lot today on no news?

Out of interest do people think that the prospectus will outline dividend increases when the deal is completed? If so I would be interested in knowing what people think that might be for next year and beyond? I would like to think that the dividend would be circa 4.4p per quarter for next year. Thoughts anyone?

Does anyone have any ideas about when the prospectus might be published and what the forward timelines might look like?

Does any one have any information on what the current production of MPNU is and what it could be with investment. I'm conscious that all the SEPLAT information reference 2020 figures. This was taken for a recent presentation.

Key figures (2020 basis):

WI production: ~95 kboepd

2P reserves: 445 mmboe

Prospective gas resource: ~2.9 TCF

I really thought we would hear something by now especially given the tweet from a couple of weeks ago saying days! This has turned to weeks now and is getting really frustrating.

BPat890 - How do you know that Karoussa has produced at least 15k Ozs? Can you post a reference please?

This is long over due! I do think that this is getting beyond the joke now especially as Dan presented earlier this month that the forecast for this month was circa 18k Ozs for both Yan and Karoussa. That said I do find it strange that they didn't include actual numbers in this RNS. So maybe maybe, and maybe I am clutching at straws, are they leaving that for Mondays meeting and it actually isn't too bad? If it was going to be bad surely they would have put the numbers in this RNS? I would have thought that to be forecasting 18kOzs for both mines earlier this month then they would have to have circa 10-12kOzs already in the bag for both mines. Otherwise it is just deliberately misleading?

Hi Guvvi - Is your hope to achieve 25k Oz at Karoussa in Q3 or is that at group level?

If karoussa is producing 5k oz per month now then that must be at least covering the costs of the mine (not including debt repayments) surely?

I know what you mean. It says an awful lot when there are fewer trades in a day compared to posts on here!

Just wondered what you guys think Kou has poured in July. I would be interested in your thoughts on what you would be happy with and what you think they might have done. Personally I think if they can demonstrate 5000Ozs poured then that would probably mean that they are somewhere around cash neutral for Kou. 15000 ozs a quarter at current gold prices is an income around $35M and whilst that won't be paying much of the debt down it will be paying off all costs and maybe a little of the debt.

But I think that it will be circa 3500-4000 Ozs produced. Any body prepared to say what they think and what you would be happy to see.