Member Info for tooldforthat

Albeit delayed, significant progress has been made

on negotiations of gas offtake contracts and the

company is moving forward both in our discussions

with licence partners and relevant financing

institutions.

The strategy entails advancing with

a Final Investment Decision (FID) to replace the FPSO

unit, drill more oil and gas wells, and lay a 30 km

pipeline to an LPG plant near the West African Gas

Pipeline's (WAGP) export station. Condensate and

oil will be produced and offloaded offshore while

offtake agreements will include gas sales and swap

arrangement for gas and LPG products.

The plan for 2024 is to proceed towards a final

investment decision on the project which involves

deployment of an FPSO, connection of existing

suspended wells, drilling further development

wells, and building a 30 km pipeline to an onshore

LPG plant close to the export compressor station of

the West African Gas Pipeline.

Wasn't a bad announcement, see what happens now, how much the field is valued at with the new data

We should be due the updated 3D seismic results soon

This will rise tomorrow, I am seeing some similarities now that I have seen happen in the past to this share

Announcements coming thick and fast lately.

M.youtube.com/watch?v=UCeoebH-dLo&si=mLuYgp8z2ViuAk6Y

Should double in price today

Petronor will buy it, they have had a good year and they want control of that asset

I just remembered we have a bigger holding in it since the last valuation

Was it $19million last time

Knew they would put it up for sale.

How much?

Well I didn't expect that rise yesterday, are we going to get a December rally?

Nothing they do seems to grab investors interest. All these acquisitions over the last couple of years and not a return on any off them, what happened to the well reworks in USA, supposed to be happening in the 4th quarter of 2024.

Come on, you were supposed to have started those USA wells this quarter which you have got us in debt for. Or were we just helping out our mates? And you can chase up the money we spent on barracuda instead of letting folks off. Patience is wearing thin, sorry everyone, don't mean to rant.

Those two holdings announcements came out late

Interesting announcement this morning

Gross project appraised resource estimates:

• 500 BCF Gas

• 20 mmbbls Condensate

• 7 mmbls Oil

Ø Exploration upside in licence area

Ø Nearby discoveries needing infrastructure

Completion of deal with YFP for 52% interest in

jointly owned Aje Production AS in process.

Ø Advancing plan for re-development with

partners comprising:

• FPSO with gas handling capacity

• 4-5 wells for gas and liquids production

• 30 Km gas pipeline to onshore LPG plant

Ø Market enquiries on FPSO and gas sales

underway

Ø 3D seismic re-processing for well positioning.

Ø Positive discussions for project finance

underpinned by gas as a transition fuel for the

region.

Hopefully the formatting has stayed the same with the copy and paste, if it hasn't, sorry.