Member Info for TheTradersFoocus

Harel, on an entirely different topic and non related to this ticker....hypothetically they maybe had to shut in for few days pal on 12 1/4, possibly few minor well control issues, they then maybe ran logging on the 12 1/4 which is bit weird imo as normally would only do the CBL, some may have said positive things at that point but nowt concrete. Again hypothetically lets say they started 8.5" 15-16 days ago and even most probably including some barrel cores at different points should only have taken around 7 days. Hypothetically weird one pal.

Eve Davey,

Well done on a good trade pal, nobody goes skint scalping profits.

Allenby note is Oct 23rd @88p of which Selene is 79.4p value. In previous note, Oct 1st, the valuation coefficient was discounted on BOE by 20% from 13.3USD to 10.6USD so its pretty up to date and very well calculated against the physical asset/ NAV.

Canaccord ran a note 21st Oct giving valuation for Selene alone of 68p "risked" and 112p "unrisked". Again , their notes are pretty detailed on breakdown of NAV mate. Here's a comment from their Sept note when sp was higher and before recent bullish initial results obviously.

"We note that the market valuation translates to a 12% effective chance of success for Selene, a very heavy discount in our view for this prospect, even with the UK oil and gas tax uncertainties."

Brokers can't really wax lyrically ( bull5hit ) on NS assets like we sometimes see on say African mining firms, has to be more specifically and fact based calculations.

Cheers

Folks another very valid and fact based comparison people can draw from PCL is their own situation with retaining the license to their block. Even when they had absolutely no cash whatsoever and it appeared they had gone to the last minute of the eleventh hour with renewal and work commitments to the block the gov could see from the then active discussion there was a chance PCL could secure a partner they applied great support and patience.

Do not be mislead by others who claim Namibian gov will require to see working capital etc etc. They are very partner supportive government. History of so many previous licenses in Namibia show this.

PCL in Aus has enjoyed a meteoric rise in last couple of years, mostly due to fact Woodside took an option on their block by running full 3D seismic program , costing around $34mill USD. Before any partner PCL was lanquishing around 0.10-0.20 Aus , currently been trading around $1.40 Aus which gives them an equivalent m/cap of aprox £80m GBP .....but has been as high as £160m.

Global m/cap currently £2.6m!! Think about it any partner coming in will have to finance the blocks progression so for every 20/30/40mill they commit to spend the blocks value increases significantly......Global m/cap is carried along on the wave.

They have not printed all of the story going round the NE. Will check with the lads if its okay to post and revert later for you guys.

https://www.upstreamonline.com/field-development/fpso-identified-for-1-2-billion-falkland-islands-project-but-finance-an-issue/2-1-1672588?utm_campaign=2024-07-04T14%3A12%3A01.139Z&utm_content=%5Bnews%2C+south_america%2C+rigs_and_vessels%2C+exclusive%2C+energy_security%2C+RECOMMENDED_NEWS%2C+r_searancke%2C+field_development%2C+americas%2C+i_esau%5D&utm_medium=email&utm_source=alert&utm_term=%5BTOPIC%2C+AUTHOR%2C+RECOMMENDED_NEWS%5D

If that's my ol pal, hope your well mucker

Watch yourselves lads. Firm are in great difficulty financially. If gossip is to be believed the only reason they originally went into this deal was to stop company being suspended then delisted due to amounts owing to auditors/brokers and other service providers. To survive without the 500k package they need to raise immediately. Few rumours best they can get is 0.01. Be nimble, hope its an earner for you all.

#DELT also note original values had this well set at 80p a UK therm value to company 7p, but spot price is actually between 145-150 per therm so 80% increase so reality is right now as it stands this is worth 12.5p

The most important part you all need to focus on is the hydrocarbons have been proven to be highly mobile.
Most Gas producers actually have downhole or well head booster compressors to artificially aid. Anyone with experience in Gas should know this.

This is far better than even I expected!
P90 has gone from 39 BcF to a whopping 164BcF so Shell are happy to put their neck on line with these figures is incredible, the minimum they believe to have here is 164BcF !!
Guaranteed in time with further wells this rises again and becomes something tapping on or over 1TcF doors, impossible it can't with such an uplift in P90 figures.

Oilriches...where nobody can argue people should only trade or invest with money they can lose I think your use of the word gamble is totally wrong. All trades come with risk of varying levels, market crash , cash raise, unsuccessful wildcat exploration project even. Deltic / Shell have already proven their analysis of the data gained and geology was correct and the reef area above the main dolomites is hydrocarbon bearing.....fact mate. There must be a trap in place and its further fact the drill has been hugely successful so far in opening a new fairway/play, that alone is very significant achievement.
I've not read back on this board in great depth but noticed Push has already correctly stated a very valid point that if whatever they have struck was relatively insignificant they would only have decided to run a short 5-7 day mini DST test of the well. To run a 30 day full well test is pushing the bore to near destruction point in most cases to gain every little detail about the structure performs. A good analogy for some who don't quite grasp what they are doing would be 7 day test is like standard MOT on your car but 30 day test on a well is like hammering a car round and round a rough track for days then throwing it on a rolling road and holding throttle down in every gear until they see the engine output starting to react to the stress. This 30 day test is very significant if you know how majors in O+G run their protocols.
Also not sure if you are aware mate but many producing fields have either assisted or artificial recovery, ie say pressure is low any gas in this hole if in reasonable quantities could be brought into production using a downhole booster compressor. So regardless how the well test goes if there is commercial quantities recoverable this field will go into production somehow. So considering that last point and adding to it the fact its an announced 30 day test ( 7 day tests would probably not even be separately announced and just acted as part of extended logging program ) means what has been found so far has a value, agree?

Of course there is still risk and people should take great time to consider their positions and own minds up about risk levels. Above points do give myself as an investor lot of comfort to position I hold.

Now to your values mentioned. Your statement 5p+ on success and below 1p on a negative result. They have already struck Gas so how the fook can it suddenly be priced as a complete duster at below 1p? Then on your success value of 5p+ so M/cap of roughly 90mill GBP +. However around 6 months ago you were stating that success in this well would be worth 300mill GBP market cap , which gives a share price of aprox 16pence....I agree with the latter 16p.
You seemed so bullish on the share price when it was 3.5-4p but yet now the crux of the well operations have achieved a discovery suddenly not so bullish, though by your admission no longer have a holding in this.
Cheers

Just for fun can anyone tell which mutli id poster this is on the bb?
https://www.guerillainvesting.co.uk/2020/09/22/*************-the-stinky-pete-scandal/
The same one who has spoken for past weeks about geology of the target area in this well .....when actually drill was always targeting "above" this to an entirely new play......oops must have felt like bit of bill hunt when that gem was offered, but 10 out of 10 for attempting to back track their way out of the faux pas.

If you have something to offer that "HELPS" other folk, that defines the point we are a community of private investors up against a market designed to to rob us all of every f penny we have then use to best of your possible ability. To mislead fellow investors and try in some way to plant a constant seed of foreboding or doubt that may prejudice their investment decisions to scalp a very quick trade really is lowest of the low.....absolute f parasite material.....and that goes for any bill hunt trying to prove a point to his students in any charting school....you are playing with other peoples opportunities to find their way and hopefully succeed you f parasites.
Just beyond words that people will spend inordinate amounts of their energy, time on this earth to purposefully and sneakily dip the pockets of those they should help and embrace as fellow combatants against the city. You all know who you are , be proud of your actions and look in the mirror every morning smiling at reflection your deceit robbed ordinary folks of their precious pounds.....karma will do all needed ( I'll happily help ).

Good summary and mention on Doc's podcast today peeps.
https://twitter.com/DDS_DocHoliday/status/1614574059341193218

Agree mate, absolute crazy move for them becoming partners with gov....they will have full backing and support to go where they want and choose the most profitable fastest to develop assets.
So £8m m/cap but have say half share of a 850BcF asset , might sound crazy but surely well over 10 bagger just on rns. Look at some of the other small cap aim players and valuations on hope and dream assets but this will be reality immediatly.

Its all over the press in ****stan, I have 4 or 5 links here already.
This could be THE move of the decade for any off radar massively oversold aim company and Coro appear to have sneaked out there quietly and are in prime position to cherry pick in partnership with the government and majors

Deal worth $billions, even as an asset value once license signed 10% value $450mill USD , any farm in from a major even offering value at further discount would give Coro around $200mill USD cash.
Stuff of dreams, but its actually reality.
Upstream do not get facts wrong, most respected trade journal for O+G industry globally.

"London listed junior Coro is in talks to secure a long over looked oil and gas asset in Balochistan" reports Upstream.
It says asset is 750BcF and also has 100 million barrels of oil.
Coro were invited over by ministry of petroleum.
Deal would be as a working partnership with government.
Also reported Parson's met with major oil and gas firm of ****stan, OGDCL, OPL.... ( both multi billion turnover companies ) with a view to partnering onto one of the new blocks being offered.

Eve Soder mate....think you guys are underestimating just how large the offshore swells can be down there regardless of how easy it is to top up the sun tan. PPPPPP at all times when answering to a very apprehensive gov. Also you all need to study. really study hard why Eco are drilling here, where did the source produce , how did they hit on first drill so many years ago, how they could have struck with that type of oil, what does it prove, what then are the risks now for eco ( clue gravel in soft formation ) and how that might just effect operations with mud weights etc. Objectives during drill at specific depths ( all in the previous reports ). What is possibly keeping them persisting. Then you need to consider every fact of previous drill and is it really possible for the geology to have changed so dramatically in a mere 7km....with mobile source.
If you do all of that then cross ref to why you stayed invested after spud picture becomes a more calming serene backdrop rather than focus of nervous attention.
If of any help never listen to thon bampot bogroll or brightspot whatever he's crying himsel as the now. If you're man Jimmy ( where are you now laddie ) was worth his salt he'd have telt you all issue he wis crying about, if true , wis solved.....did he have motives/contact even.
One last point , on technical, I am sure you are all very well versed but when one of the industry's best ( now pretty much retired at relatively young age .....your an old c.... to me pal ) drops in to offer some pointers .....don't argue over him just listen, engage and research after. Push 2 , genuine bloke no 5hit, not a ramper and nobody I have met or spoke to in 16 year O+G investing can tie his laces. We should be grand here , god willing.

Disappointing result , too far out probably , but when you think they have just bought into a discovered asset of roughly 8mmbbls which at say 5 bucks a barrel sales value to flog off to a neighbour gives 40mill USD/ 36mill GBP for a paltry 4.5m cost its a bloody good deal. Been sitting on sidelines watching this, I wouldn't go committing hari kari over it M's will have their fun at first but with production revenues any drop will be short lived imo.

Plasterer, thon loon nigel wouldnae ken difference between craic and crack if he wis sat in middle of private eyes bar on a quiet night.