Member Info for tidd83

Original well was drilled in 1965 - logs indicated 700 feet of gas effect, but the well was never tested.

Never tested since there was no requirement for gas back in the 50s/60s.

700ft of pay is nearly twice the size of the target at Carapal Ridge which was previously the biggest gas discovery onshore T&T.

Mickey, a similar result to the lower zone would be exceptional.

It would be interesting to see what the max capability is of the well and with the right equipment being shipped in that can easily be tested.

Regardless the results of Cascadura are off the scale. If PB and the team continue to prove up the block who knows where this could go and success rate on the current model is 2/2 to date so 100%.

I think it makes sense to fast track these next wells not only to get a handle of the scale to determine what pipelines/processing plants are required but also to maximise company value if there is a potential JV or TO suitor waiting and watching.

For those who missed it

https://youtu.be/Rs9UuTEO7X8

10-11k BOEPD Cascadura + 1700 BOED COHO + 2000 BOEPD underlying production.

Pushing on 15k BOEPD and this is before the deeper zone is drilled and both Chinook and Royston - both of which are further derisked and even bigger structures.

Gas doesnt suffer from SPT so quids in!!

Excellent interview, fully cashed up and sounds like Royston and Chinook will be done simultaneously.

Bidders in place to sort the pipeline for COHO.

Expected similar figures from the upper zone in Cascadura so we are looking at a 10-11k BOEPD figure before the deeper zone is drilled out.

Canada leading the way heading towards 47p

629k trade and a 190k trade cleared.

Volume is through the roof, clearly a lot of demand at these prices. Generally a surge upwards is expected since they cant find the stock from sellers down here.

Raised $11.6m so more than intended and due to demand raised price to 40p. All cashed up now to fast track the bigger Royston and Chinook targets. Placed with institutions so solid foothold now.

Excellent news.

Pending news release?

The TSX is pushing on to CAD$1 now so 58p, they’ll take the lead overnight.

Institutional interest perhaps.

All the while you have YA tipping out stock at a rate of knots.

With a £3m overhang to clear....

Why is it cheap north?

It’s capped around £46m and it’s production figures are pitiful.

All this mention of potential, there is no CPR produced with credible reserves booked. All flows to date are from the Portland reservoir.

The Kimmeridge where the billions of barrels were touted has flowed what exactly? The broadford bridge well was a disaster and is now brushed under the carpet for the chase of the new Horizontal well into the Portland zone which again as ran into issues.

Whilst I have no doubt oil will continue to be produced there is nothing to warrant the current market valuation nor any future projected ones unless you can tell me otherwise?

North I read it and so by your own admission are you going to assume a loss here?

In which case why put more good money after bad?

All I see here is comments that shares at 0.5/0.6p are cheap. Cheap compared to what that they used to be 10p?

If some sold you a big fat slice of a cake for 10p and then a year later sold you 2p crumbs for 1p would that seem cheap? After all, it’s all from from the same cake..

north, if you assume a minor dilution to 8bn shares (baring in mind the CLN is chucking out millions periodically) your projection at 2.3p would give the company an MCAP of £184m.

For what?

Its share of perhaps 1000-1500bopd. To give you some context I have added stakes to a company at 13k bopd production and increasing, no debt, positive cashflow and OIP 2P of over 360mbo and growing with an MCAP of less then what your touting.

Wake up.

Judge just leave an order in FoK you may have more success.

Finished building a stake here today.

Equates to around £2.06pps

Recoverable rates were touted at being somewhere between Best and High Estimate of 10.5MMcf and 16MMcf. Tabled NPV range of C$220m to C$650m.

Very high level but taking a midcase for the existing two wells is approx C$435m or £333m.

With a deeper zone at Cascadura still to test along with Royston and Chinook.