Member Info for tidd83

https://youtu.be/mVUcuxX700Y

Rocketing back up to $77.5

Will probably grab some attention being on the risers board, I’d imagine many will pick up on the story now. Again, great write up below. http://tradeinsight.co.uk/infrastrata-its-finally-happening/

I see Kenmore is copying and pasting my posts from other boards. I am flattered he likes to stalk me but how sad he’s still wasting his life. Interesting that he doesn’t seem to realise that you can hold more than one stock in your portfolio. Perhaps why he named himself after his shambles?

This should help get some attention: https://twitter.com/mgrahamwood/status/1011926519965417472?s=21

Things moving in the right direction it seems.

Sharing from AMurray http://m.engineeringnews.co.za/article/south-africa-to-align-energy-plans-with-sadc-gas-master-plan-2018-06-26/rep_id:4433

Is tighter than reported

JH if the farmout proceeds and assuming a three well campaign on appraisal of existing discovery even £25m would seem cheap. This isn’t even a wildcat play. We are moving in to Q3 so eyes on the consortium to conclude the arrangement. It seems favourable all round given the recent strength in oil prices.

Bythesea, wells not mines and post raise al things being equal they are targetting an additional nice wells via three pods. Each pod consisting of a vertical with two lateral wells intersecting. Couldn’t agree more on the timing of the raise however given the dewatering phase is timely i believe they wish to begin the draw down sooner rather than later. With the wells on production and the two aspects of environmental approval for down mid and upstream being progressed then this should all conclude nicely with a form of offtake already in the bag or at the same time taking them straight into financing and development/production.

Nanushuk Topset Oil Trend

Great Bear holds a working interest in four leases totalling over 22,710 acres located in the heart of the prolific Nanushuk oil fairway. The Horseshoe-1 well, which discovered oil in 2017, is located less than one mile to the west of these leases. Horseshoe extended the Nanushuk play fairway, which has been drilled since 2013, by well over 20 miles to the south of previous drilling.

The Horseshoe-1 discovery has signalled the presence of an extensive previously overlooked hydrocarbon province which is in now attracting major development capital, including the recent acquisition by Oil Search Limited (ASX: OSH or "Oil Search") of operatorship of the Pikka Unit and a number of oil exploration assets on the Alaska North Slope.

The Horseshoe-1 discovery well was drilled by the Repsol-led joint venture in 2017 to a total depth of 6,000 ft. (1,828 meters) and encountered more than 150 ft. of net oil pay in several reservoir zones in the Nanushuk section. The deviated Horseshoe-1A side-track was drilled to a total depth of 8,215 ft. and encountered more than 100 ft. of net oil pay in the Nanushuk interval as well.

Recent in-house technical work conducted by Otto on its Alaskan acreage in the Western Blocks has resulted in the identification of an oil prospect with a gross best estimate prospective resource volume of 400 MMbbls and a geological chance of success in the range of 25-30%. RMP's 31.5% working interest (before Great Bear 10% back in) would be 126 MMbbl net to RMP. The prospective resource calculation was based on a consideration of offset well information and seismic expression.

Funding

The well is estimated to cost approximately US$15 million (100% dry hole cost) of which Red Emperor's share will be US$5.25 million. There is also a performance bond of US$3 million (RMP share US$1.05m) to be posted to the Alaska DNR by 31 July 2018. The bond will be refunded if the well is drilled before 31 May 2019.


Red Emperor expects to fund cost of the bond and drilling of the well from its current, strong cash position.

Cash*

Company have $10m in the bank so catch rich

Spread should tighten also, closer than reported. Does look rather good to be honest.

They have around $10m in the bank? Net to RMP of the drill is around 126mbo.. £5m MCAP, taken some whilst I have a further read.

Well they are cashed up now and possible farmout news for a fully funded multi well campaign to exploit Barryroe is to be updated in the coming weeks/month. If the farmout is achieved then the terms are rather favourable, already giving a net resource of 34mbo before upside exploration - all for an £8m MCAP. If the farmout is secured as hoped with PVR and the consortium your looking at significant upside.

Very excited for Ortoire, each are low risk wells and any one of them can ultimately double total production overnight. With five targets identified this will transform Touchstone even after the additional 7 wells we have yet to come in for 2018.

The latest article written by Dave focussed my attention here. On further inspection this looks rather good and the new BOD appear to be delivering on all fronts. All things considered I can’t see this sitting around a £4m MCAP for long, as such I have been quietly building a stake.

Hey Wing, I haven’t got around to watching it yet but plan to this afternoon/evening - sounds very good from the notes I’ve read. Ortoire was always going to be an exciting play, I expected it to come in late 2019 but with kick off expected Q1 it’s a bonus. Certainly are ahead of schedule now and plenty of money in the bank, fantastic re-negotiation on the loan finance so production on Jan 2020 should be hiked right up! I’m surprised the market hasn’t fully caught on to the play yet - it seems most haven’t but it will come, I’ve sat patiently for a long time now but things are about to get very very interesting.

Still very much here JTD as I’m sure you were aware. I wouldn’t worry about me, I have plenty of patience to see this one through in the mean time I have other investments to focus on.