Member Info for tidd83

Perfect storm, Brent testing $68 as we speak.

That was a solid update, production at 2348bopd currently with three wells still to be optimised we could be pushing on 2500bopd. Ortoire step change well fully funded for June which could double production figures overnight and the MCAP is just £18m? Company is moving from strength to strength, comparable to TRIN and CERP this is trading at a huge discount given the assets, production, reserves and news to come. P2 reserves currently around 18mbo. Huge disparity from a fair valuation.

Excellent response Si.

Yes and directors of the corporate broker for LOGP. Bodes well.

Keep us posted dawski

https://www.irishexaminer.com/breakingnews/business/lng-facilities-at-shannon-and-co-antrim-would-cut-irish-energy-bills-esri-908678.html

The Bénin Block B is located in an area with an already proven hydrocarbon system, being the onshore extent of the prolific West African Transform Margin. No oil exploration well has ever been drilled on shore Benin or Togo. Oil fields are known from shallow water off the coast of Togo, Benin and western Nigeria, with the oil source kitchen lying immediately to south, in deeper water. However, it is established that oil has migrated further northwards and onshore, by virtue of the presence of oil and gas seeps in water wells in the Block B area, and still further to the north and east, by the Mamu Tar Sands. The rocks present in the subsurface of Block B reach the surface to the north and west. There, it is possible to see thick fluvio-deltaic sandstones of presumed Turonian age, overlain by thick red fluvio-lacustrine mudstones. Thus, all the components for a robust petroleum play are present in Block B.

Excellent news this morning and a well structured deal which sounds like a low risk farm in for some great exposure to some massive potential exploration. Also note the wording from BL; “United has, for some time, stated that our technical and commercial teams have been actively assessing a number of new opportunities that are development and production focussed. Indeed, a number of these more mature opportunities are under NDA and nearing advanced stages of due diligence and commercial negotiation; however, when this early stage, high-impact opportunity in Benin came to our attention, we immediately considered ourselves fortunate to be able to take a position instantly bulking up and adding further diversification to our high-impact portfolio offerings. This agreement in Benin is additional to our existing pipeline of potential near-term acquisitions and joint ventures.”

We have made good progress on the debt front with indicative terms now received from two interested banks. As the other elements of the Project firm up, these discussions will be further advanced.

This morning, financing news should be concluding any time now - multiple parties at the table and offtakers also engaged.

https://www.larnetimes.co.uk/news/business/energy-company-to-host-residents-surgery-days-1-8836342/amp?__twitter_impression=true

Some of which has been reported for falsification of documents

License was well aware of prior to funding discussions so nope, unlikely.

"We have planning, abstraction of sea water, discharge of brine permission "The draft marine licence is basically outline planning for construction of sub sea pipelines. We needed the FEED to get the final designs/working drawings sorted before they can be submitted"

https://youtu.be/nkVvmyCiFu4

Put together by Druid Investor. https://twitter.com/druidinvestor/status/1102280831740137474?s=21

Just shy of 400k today. Adding in size isn’t going to be easy for much longer.

http://www.valuethemarkets.com/index.php/2019/02/25/podcast-touchstones-paul-baay-discusses-potential-ortoire-block-ahead-three-drill-campaign-txp/?utm_campaign=shareaholic&utm_medium=twitter&utm_source=socialnetwork

Additional structure hit, interesting turn of events. Looks like Colter may turn out better than expected.

Last time I checked SLE were carrying their 4.odd% NPI at around $42m on the books.