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Ahem, doubledutch to me. Yet the locals up there have apparently been rooting for Manolo for the past 6 months. Perhaps too much liability in making good all the damage around the wells. However, M was clearly basing calculations on Maranon barge shipments if he was given the go-ahead.

Https://www.oilandgas360.com/edenver-petrotal-2/

Excuse repetition if everyone has seen the above. I learnt a bit more although vaguely aware of the probability of several Bretañas. Obviously the 3D seismic programme is going to reveal much. (Will the mapping cover >100 km in one exercise?)

The Vivian and its migration referred to by Manolo is especially intriguing i.r.o #95. The oilbearing sandstone depth underneath the pad would seem to be an impressive 140 metres with the payzone ~35 - 40 m. Small wonder M is bouncing with confidence even if he has to start paying taxes this year.

There are whispers on two more elution tanks besides a second mill to be added. I doubt the mine will stand still over the next 12 months. Also, a fair expansion programme lies ahead at GoldTree (incl UG), CornPatch and Gustav/Kaiser. See

https://shantagold.com/_resources/Singida%20Five-Year%20Plan%20Presentation.pdf

When in Ngong hills (1960) there was chatter about the riches around Rosterman (now Kakamega). All that's happened since then is the presence of 80,000+ informal mining activity numbers (mostly illegal). The grades found by Yuri since his Acacia days are not imaginary.

Seems worth hanging in for another year or two . . ..

. . . pleased to see some are doing quite well but it's not quite so pretty for those who confidently jumped in @ >100p. Unfortunately I was one who was a determined LTH when in the 60s range but switched allegiance. Keeping an open mind although satisfied on another stock with a decent yield.

A) Have they perhaps reached permitted buyback limit i.r.o. TSX regs ?; b) progress generally is pleasing; c) mildly surprised over failure to recognise how significant the size of the Vivian reservoir is likely to be - as reflected (p.19) and general expansion programme; d) cutting back on input in view of "negativity" comment. Presumably some readers are not interested in overall picture, e.g. seasonal river levels and Iquitos refinery upgrading approval.

[Have made no progress on Hal reversing the additional 25% CREST charge on divi.]

@ 10:29 - Fair enough, if directed at moi. Have been adding from 14p days but currently only add permitted £3k pa allowance to family members' a/cs . . . who will be here beyond my "sell-by" date. Although an investor on JSE etc since 1970 it is noted there were failures along the way: success is never guaranteed.

Good to read after misgivings, generally, on FPSOs' corrosive and stress factors.

@ 07:45 - Mostly in agreement but we also have to recognise outliers. By way of illustration:

a) the Maranon basin and the ONP have had their setbacks (climatic/weather)

b) having spent considerable time in random parts, e.g. Swakop/Namib, Kenya/Tanz, Baardskeedersbos/Gansbaai (the last remaining dry rainforest) and elsewhere I don't take anything for granted

c) dependent on El Niño/La Niña, Bretana flooding can be scary

d) a favourite BC dorp, Kelowna on the Okanagan, is under threat. And my sister in SwartzBay/Victoria BC is having difficulty breathing owing to high CO2

So much more has to be taken into account these days. Apologies for the o/t.

Latest shipment data satisfactory.

Iquitos river level @ 4.43 m (today) presumably being fed by the Maranon as Pucallpa is down.

Has anyone any pearls of wisdom to offer as my expectation across the p/f remains poor for next three months.

@ 21:09 (courtesy of Sturm's link)

https://www.dhn.mil.pe/shnaNEW/histogramas_shna/archivos/Pucallpa.pdf

https://www.dhn.mil.pe/shnaNEW/histogramas_shna/archivos/Amazonas.pdf

A Saramuro/Maranon reference would be useful as the tributary serves the Amazon on its way to Iquitos. At Manaus the river is dropping at the rate of 8 - 9 cm p/day.

https://www.dhn.mil.pe/shnaNEW/histogramas_shna/archivos/Amazonas.pdf

Historical records can be found by using the semester tab.

Depth at Pucallpa barra fell to 1.5 m on 14/08 . . . has improved to 2.7 m since.

Dropping to 4 m at Iquitos. Sandbars being exposed downstream.

Https://nation.africa/kenya/counties/vihiga/state-suspends-gold-mining-citing-rise-in-illicit-activities-4330162

Although the next drilling results are unlikely to be affected, a comment from EZ might ease concerns. Artisanal numbers have been out of control for years.

Correction --Zapote should be okay. It's the final two Zapiche leads that will be out of reach unless the tribes in the locality change their stance.

Shipments proceeding as expected:

https://www.perupetro.com.pe/wps/wcm/connect/corporativo/7318e1ef-aaa2-4c91-8313-7d2090cba5fa/Producci%C3%B3n+l%C3%ADquidos.pdf?MOD=AJPERES&liquidos

@ 13:24 - Don't get me started on SA . . . beginning with ANC, ESKOM, SAR, toy-toying and everything that preceded it.

* Would like to write a piece on Bretaña/Vivian stratigraphy at the risk of boring everyone to death. (Perhaps best avoided) The sandstone oilbearing formation is spectacular. (260 m on the vertical, good porosity and ~40 m payzones are uncommon) 1.3million acres is going to keep us very busy although the penultimate Zapote wedge will be offlimits. (There's an old Guardian/Telegraph report on the reservation somewhere.)

** Manolo, how's the quayside and river dredging going? Would like to think the excavations/backhoeing is easier when the bank is exposed.

Ahem. Spectacular statements rom Manolo. We just have to get through the rapidly depleting upper Ucayali levels . . . Andes' rainfall resumes end-October. "3 or 4 Bretañas" to be developed across the acreage and this is after some very tepid GTE comments:

"An appraisal well named Bretaña Sur 95-3-4-1X was drilled in late-2014. The probable and possible reserves encountered by the well were low, based on which Gran Tierra reduced the 2P and 3P reserves to nil . . .".

Glory be the two GTE guys finally stood down..

Painful. Without near term WK revelations, ElizabethHill deep dive results and other SHG will remain a very slow burner. Biggest problem is retail short-termism . . . followed by insti tendency to switch to what we called "junk bonds" in the past. The ticker on US debt $trillions (and seemingly zero reaction) is eye watering.

Possible reason . . . new ball mill required to double ore volume which will take time to come up from (?Metso) Centurion/Germiston/Vereeniging.

Excellent . . . "next person" . . . "in great nick". Hope our successor (he/she) has same energy as EZ.

@ 09:43 - However, a number of obstacles and hoops to be jumped through remain.

Occasional bonus divis could be applied as they have been indicated.

(repeat admission of being biased)

WK development is somewhere down the track. SP weakness remains a mystery. Mark Bristow (? is he the only cheerleader) remains enthusiastic. Institutional/fund manager interest in the company is tepid. Retail investors, generally, have grasshopper attention spans. Au spot price forecasts have almost certainly been walter mitty-like. The list is endless.

It is only now that I learn one arm of the Rukwa fault runs along the lake and tapers off east of the mine. See link below. Mineralisation will therefore extend NE.

https://www.researchgate.net/figure/Map-of-the-Rukwa-rift-showing-the-location-of-the-18-August-1994-Lake-Rukwa-earthquake_fig1_250085403

https://www.researchgate.net/figure/Gold-mining-areas-of-the-Witwatersrand-basin-in-South-Africa-based-on-mine-lease-areas_fig2_297764951

The above illustrates extent of the Witwatersrand ridge. Distance Klerksdorp/Evander is nearly 300 km. Logically there is a possibility that Rukwa/Songwe has much to offer and NLGM is merely a starting point.

Remedy/suggestion: for stability up the divi. It's doable . . ..