Member Info for TarryBreeks

Fantastic RNS! I wonder if the sp will be allowed to rise though. If we're still ~10p at COP it will raise some serious questions IMO. GLA

I hope JB is not looking at Tanzania.

*a CPR confirming 300mbl Docit :) Worth repeating even if it wasn't for the typo.

A CPR confirming 300mb Do it :)

Is it Groundhog Day today? ;)

I think it's like a game of hangman:

Is there an R for re-rate in there Trojan?
Or a C for copper production?
Or a T for tonnes of tin?
Or a J for juggernaut?

;)

Lots of news still to come: - 103 flow rates - CPR - License update - 101/102 production plan - pipeline connection - topside upgrade detail - 104 timescales Exciting times. GLA.

Filters can be useful but I would say two things: 1. it is dangerous to create an echo chamber for yourself; while you may not agree with or can see through other posters agenda - balance is healthy and it may highlight a perspective you had not considered. 2. If everyone who is in a position to counter those with a clear agenda filters those very users then it leaves their claims unanswered and seemingly condoned. This influences those with less experience and may inadvertently help them achieve their goal.

Who would enter into any negotiation looking to upset the other party. Do you have a short open on AAOG Johnny? Certainly starting to sound that way.

JBG you stated "SNPC are under no obligation to contribute to drilling costs" which is categorically not true. Irrespective of whether they pay upfront or via a reduced share of production SNPC ARE obliged to pay their share of costs. Glad we now have your earlier misleading statement clarified :)

"SNPC are under no obligation to contribute to drilling costs" wrong: they are. "their licence agreement allows them to pay their way from future oil production." and here you've just contradicted yourself. So you accept they do need to pay their way. Further than this if SNPC can't afford to contribute to 103 how are they going to pay their share of FFD? The asset value has been transformed by 103 and a new CPR should confirm this. On that basis to get to FFD as quickly as possible is very likely to involve a farm-out with full carry on costs. IMO. DYOR. GLA.

£2/share seems unlikely at this stage gmcc; perhaps if we had hit the main sandstone layer at Djeno and Vanji. Yet even if we had paying £2/share seems optimistic ... that said you never know. Eagerly awaiting the CPR & flow rates.

So entirely possible we may get +30% from SNPC in lieu of cash and then farm out that very same 30% to a super major for a full carry on 104 + topside.

30% = $10m Therefore 86% = $28.67m Multiply by 0.76 to convert to Pounds = £21.79m Divide by 238m shares for an SP floor of 9.15p Didn't want to leave you hanging bonks ;)

Yes petersalkeld it is.

He's talking about SNPC's share of the drilling costs ~$10m.

Immediate focus will be producing from Mengo, R1, R2 and sorting a CPR & license update for which no funding should be required.

Xcite was offshore and heavy oil. This is onshore with existing facilities.

Thanks Trojan, if we hit $100 there will be many more in awe of our ore!

"Complete well TLP-103C (including contingency) - £4.25 million" Well wasn't completed to TD though was it? How much of that was contingency? Don't know do we. Was that to complete to Vanji or Djeno? Don't know do we. Topside upgrade is required for Djeno, not Mengo; but don't let any of that get in the way of your sermon Johnny B.