Member Info for viable

The slide from 34p has been astonishing . . . and in August I had almost decided to return to SOLG (sic > it was unlikely to fail : how could it!). How wrong and after 12 Mather years could so easily have been a worst-ever investment. Yet many of you have stuck to it for 12 to 14 years.

"OCP (Ecuador) Active pilot 5,000 bopd 2023 (pilot) With additional barges"

It would help if I read information correctly. The same applies to "L2 West Platform".

Accordingly dictating how management should run the company would be disastrous in my instance.

Https://www.usdebtclock.org/

It's totally incomprehensible. All of us would be torpedoed in similar circumstances.

Items

v) Frequent showers in the Andes range north and south of Pucallpa. Ucayali recovering ...

vi) I didn't enjoy the latest scientific "tipping balance" report on the Amazon

vii) With Bretaña now subdivided into four camps stretching >100 km the field roadmap and future production prospects look unlimited for a small company

viii) Would greatly appreciate aerial footage of westerly development and patter on how it was accomplished, i.e. rig transfer

Items

i) https://nation.africa/kenya/counties/kakamega/mining-cs-mvurya-revives-collapsed-bid-build-gold-refinery-4387314

A few lines on Shanta appear in the report.

ii) Pockets of gold are still to be found around Rosterman diggings, which remain of interest to SHG, although I think the mine has had only one token probe in five years:

https://nation.africa/kenya/counties/kakamega/how-masiyenze-gold-mine-saved-kakamega-villagers-4273324

iii) I use CEY (currently @ 79p) as a barometer, owing to wild past predictions on the gold price yet to be realised. Our western foundations are primarily built in sand and surely a price will have to be paid. On the other hand I should remember GordonBrown hardly treated gold reserves with any respect.

Https://petrotal-corp.com/wp-content/uploads/2023/09/PetroTal-IP-September-2023.pdf

Items

i) When having another look at p 21 I am unsure about how rig transfer is addressed. My only first-hand knowledge with a rig of similar scale is https://rapaddrilling.com/drilling/rig-43/ which functions on tracks for batch drilling

ii) Whilst having contact with several CEOs Manolo in not one of them. The only relevant note to come in last week was from Shubham G: Great to hear David, PetroTal looks to still be suffering from some production runtime issues which can greatly impact share price performance if/when addressed. I3 continues to remain cheap on just about any metric, with headwinds due to large shareholders selling out and optics of dividend reduction after comforting the market that a dividend cut was not coming. I am tracking the company and their well results closely, and am happy to allocate further capital towards it in the near future

iii) Some rain is now falling in the Pucallpa catchment. Downriver has yet to register the effects. (Mind them riverbed rock outcrops.)

iv) Is anyone having joy eliminating additional divi surcharge ?

. . . resulting FPSO replacement costs are causing me to stall on further investment. It's a tricky decision largely determined by estimated recoverable field reserves.

Yes, this evening's update is a small surprise as the Ucayali is still suffering . . . duly noted perhaps by new investors.

Having watched depletion, destruction, pollution of every description since 1959 on three continents I let emotion get in the way of judgement. It was an essential requirement for my generation to repair the damage we had created. Evidently there is little appetite to get things moving. My investment is fast disappearing down the toilet.

Https://www.proactiveinvestors.co.uk/companies/news/217534/shanta-gold-posts-record-revenues-as-singida-contributes-217534.html

self-explanatory / / / I shall regret his departure

I don't have the luxury of L2 (as the plan is to be here for a few years) but its use might be a good idea for the professionally minded. Agreed on the preference to see Brent sub$100. Pucallpa/Iquitos levels are going through a bad time.

Https://www.youtube.com/watch?v=zwAZxb5K4ts

Is there any further news on this fella? Or has he been bought off/silenced?

Yes, there are some tough numbers. Unpalatable. Let's see if the market reacts favourably . . .

This reminds me of my regular visits to Swakopmund, Walvisbaai and KaapKruis anticipating the vast finds off the Skeleton Coast. Item -

a) the Pick 'n Pay Constantia roof array is extensive and there are similar features at Ottery Hypermarket, Paarl and elsewhere. CT municipality is hands on so what about other "wheelie" initiatives? Also the Koeberg reactor is fast becoming a dead duck . . .

b) equally I am awaiting solar developments at THS Rustenburg and Ngezi, Great Dyke, Zim. (Have a fair chunk of THS mainly because of a suspicion that Putin is steadily wrecking his economy.)

c} AP and family should ideally spend less time postulating and get on with the job.

. . . perhaps not as wretched as first visualised. Add-on finally pushed through @ 48.4p

With the live bid now @ >49p Hal could well make a right pig's ear of gathering shares for divi add-ons. They should have got busy on Friday.

Virtually unlimited possibilities on Bretaña alone if the latest presentation update is microanalysed. And curiously Manolo is keeping schtum on Block 8. Will be adding over next few months although hoping to get a last project off the ground, i.e.

. . . o/t. Being a one-time man of the Kalahari I am studying a little gem at Kleinzee (a mining town created by DeBeers in the '60s/70s). Good quality housing stock @ £40+k and entertaining visuals

https://www.bing.com/videos/riverview/relatedvideo?pglt=41&q=kleinsee+youtube+video&cvid=b5d2be1256af4e01b71202daa76228b8&aqs=edge..69i57j69i64.18533j0j1&PC=U531&ru=%2fsearch%3fpglt%3d41%26q%3dkleinsee%2byoutube%2bvideo%26cvid%3db5d2be1256af4e01b71202daa76228b8%26aqs%3dedge..69i57j69i64.18533j0j1%26FORM%3dANNTA1%26PC%3dU531&mmscn=vwrc&mid=D0197BFD1E57C94AAFB4D0197BFD1E57C94AAFB4&FORM=WRVORC

West Kenya

I am following outcome of Kori-Soin compensation (Sh2bn) execution/progress before next exploration and license application. The process down at Kisumu has been painful . . . not helped by Jomo, followed by his son Uhuru and now Ruto(?) and their cronies (hands in the till). There is probably extensive reporting on the subject on the web.

My opinion, because of complexity, remains: the company in all likelihood should be able to go it alone at Ramula owing to lower population density.

The Kori-Soin dam/reservoir could well be a pivot point.

Although fortunate to extract bulk of holding @ 36p the remnant has been sold at a loss of£1.6k.

Whether the present management has competence is a moot point. Each of them, no matter the outcome, is unlikely to suffer any financial loss (a thorny issue to me w.r.t to integrity).

Many thanks to all researchers on the IOG quest, many of whom seem to have exited.

[Perupetro] the agency conducted the economic evaluation of Petrotal and concluded that "its net worth did not cover all the commitments it has, not only in Lot 8, but in Lot 95."

. . . well its next choice, Upland Exploration, is a no hoper in terms of financial credentials and Cheiron [Egypt] is probably even less so: they'll be back knocking on the door. However, in view of cleanup Manolo might be best advised to avoid it.

Unless the wording is wrong I doubt we had any Lot 8 commitments unless PTAL was "committed" to pick up the total damage repair tab. Crackpot !!