Member Info for viable

Erosion control measures are firmly in place but have yet to include any groyne programme. Even if/when faced with criticism Manolo has executed everything he has had to address

van Jou maat, daardie dom Kapenaar, totsiens (please don't hound me in the Llanos/Oso Prado which is arguably the next Bretaña in the making)

NB. At no point would I describe any CEO as "full of sh*t". The closest I came to it was with SHG primarily because of being familiar with their license areas . . . and still feel Patel et cie were dishonest.

You are probably right. I would like to comment on here but do not hold any stock at present . . . other than to note PB is "highly regarded" in Alberta and described as "creative".

@ 11:23 - Without searching for stats on water cuts east of the Andes the trends have always been exponential . . . not necessarily an alarming issue because the aquifers apparently create high psi. The feature enables long life in a well even with a 90% w/c influence. Examples of later workovers have shown recoveries of 300/400 bopd. (I was surprised to read that water content was being used for irrigation at one point. Maybe the information was incorrect.) Reinjection wells are standard.

MT - I follow your stuff on ADVFN. Have you researched the Vivian and Cushabatay plus the 3 or 4 intervals in between them. MA's reference "multistacked", although intervals are probably thin, is encouraging. Llanos features look similar to deposition features in the Williston basin, but another Bakken is perhaps unlikely.

(sic) seen

Eric designed them so they didn't roll. See

https://www.iol.co.za/news/opinion/the-full-story-behind-the-dolos-and-its-sa-creator-2055577

Dolosse on the CT breakwater were constructed to dissipate the huge South Atlantic "rollers". They are ineffective here. Have you ever see a Cape Roller ?

AGM + "special meeting" @ 17h00 BST. Might be worth lending an ear.

https://brrmedia.news/PTAL_AGM24

Have been examining riverbank groyne techniques. Remain impressed by m-o up at Barrow/Barton-on-Humber.

Https://www.petroworks.com.co/en/rigs/drilling.html

He was right . . . must admit to some scepticism on Marshall's early excessive optimism. He now has grounds for bringing in the 1500 rig which should have an >2 km reach. ?Perhaps some adjustment to the next three laterals' length?

Item

a) Already stated - no expectations on SP movement for a bit

b) La Niña/El Niño have gone neutral. Normal pattern should re-emerge after October

c) Worry beads ready for dry season. Reminder -

https://www.dhn.mil.pe/sehinav/index.php?seccion=histograma

d) my brothers are busy with their sticks at Saramuro

e) Manolo will give us another bulletin very shortly. Vámonos !

. . . hoping management sleep easier and Steenhuisen et al (W Cape) can knock some sense into Ramaphosa.

? Anyone care to comment on why Mather did not press ahead with an open pit, say, even Aguinaga years ago. Or were mining / water licences a constant problem ?

Shipments to 10/06 are satisfactory averaging 17.7k daily.

Henry/Novum, depending on power unit, seem to be lashing 3 barges in tandem and sending them downstream. As many a ten barges have been lining up along the southern bank.

A fair amount of reading material can be found on the Iquitos Arch anomaly . . . and Dana Coffield (deceased) was a believer on the estimated 800+bn reserves beneath the Amazon until his co-directors forced him out of office. Worth a browse.

> PS Ilja can comment on WalvisBaai as a possible conduit or even Saldahna. As a final resort both could be an ideal solution. I'd forgotten Sishen/Saldahna functions very well.

Reference to the port was for the future. I keep random tabs on a few sailings, the most recent being Ardennes and JagRishi. It's not anywhere near a hopeless situation as seven carrier operators are using the port. Not long ago I was also keeping tabs on Shabaab who were slaughtering villagers around Cabo Delgado . . . getting closer to WEN gas interests in which I had a few bob.

If Ilja says LM/Maputo is functioning quite well that's okay by me . . . JacobZ and JuJu (plus paymasters) can potentially create mayhem in Kwazulu. Alternative routes are a prerequisite.

https://www.freightnews.co.za/article/beira-increases-chrome-storage-area-0

Fortunately my activities are elsewhere these days . . . like chatting to clifftop retired RN officers at the lookout along the Jurassic re illegal rubber boats and checking on my favourite Parex Kimmeridge well still chugging away since 1965.

". . . back on track to completing the MFE110 for our customers in the very near-term future".

That was 4 months ago. So Mr Duffy, what is the present position ? Surplus staff hanging around on the factory floor ?

I listened to Lorna Blaisse's recent video in an attempt to better understand the subject and its complexities. Clearly, whatever the final economics, a very long road lies ahead. My grasp of the Free State project, and its progress, is better. Timelines become clearer and occasional reference is made to Renergen's updates. See

https://edition.cnn.com/2024/01/04/africa/renergen-helium-south-africa-spc-intl/index.html

Once a frequent visitor to Welkom/Odendaalsrus gold mines I could never have imagined a discovery of helium, nitrogen, etc from a rusty old pipe.

(Mama Samia in Dodoma has long heralded the Rukwa discovery)

. . . partly agree only as (a) a massive cash pile above all else is preferable at this stage of accelerated expansion, (b) current capex programme is likely to make a dent and (c) Manolo is in the process of several announcements / updates.

I don't believe Upland have any real plan for #8 and expect PeruPetro to be knocking on the door once more for another add-on. Furthermore news of the two pilot shipment schemes will be closer to hand followed by 3D seismic in the SE.

Whilst not in communication with the company, it is a long-term hold. Knowledge of Peru is poor but the country's monthly production numbers tend to confirm Manolo (a native of Talara) almost certainly carries a lot of clout in the industry.

On the subject of buybacks THS is 3rd largest holding, mostly because I know the Bushveld/Rustenburg and GreatDyke/Ngezi very well plus regular contact. Their bb programme is well established and the Redox initiative is underway. By contrast, despite setbacks, Manolo has always fulfilled targets. #131 34API is a perfect example.

Unlike one fella I am not going to tell him how to run his company.

There's a great deal to chew over here and a lot would have been discussed in the boardroom.

Unsure of the road transport route to Richard's Bay (? N3 in part) and bearing Zuma's MK presence any disruptive Kwazulu actions have to be considered. The Maputo effect is therefore all the more welcome. And the Beira quayside grows ever larger (assuming Zim exports are cheaper over that distance).

Offhand I'd say chrome has a big future and PP's comments support steps already in train. At some point Limpopo would have been considered for expansion but Ngezi became a safer option.

. . . keeping an open mind here. Indeed, it would be remarkable if a bull's eye is scored nearly every time.

-8.801, -75.139 which is not far from #107 and may have similar characteristics to Cushabatay. Information is hard to find but the main payzone seems to be ~62 ft. Current production as described by LSE20 is higher than in 2022.

https://www.prnewswire.com/news-releases/pacific-rubiales-announces-a-significant-oil-discovery-in-the-los-angeles-1x-exploration-well-in-block-131-and-an-update-on-block-126-onshore-peru-243658011.html