Member Info for viable

Grimly hanging on here. We are becalmed. If nothing happens in the next fortnight I'll redistribute to JSE and PTAL.

Sturm - re: your last note . . . what are your thoughts on the warrants and potential overhang? You have drawn attention to
them over the past months.

I am none too sure of the effects. Hence I tend to be conservative, not unlike Manolo in his briefings. I have yet to come across a CEO who treads as carefully as he does. I again went through his conference call comments (Aug 17) and lean towards the idea of a 20-well Bretaña programme becoming bigger than he has stated. Also Constitucion is now in the mix.

On the ground he is referred to as "Brother Manolo" when onsite discussing matters with the Kukuma locals. He is a hands-on bloke.

(Brent @ $77.22)

Brent @ $76.77 . . . a 12-month high.
Looking back, I had the opportunity to add considerably more @ 14.70 but did not have the cojones. Can possibly do so with profits from elsewhere. ///// Bid is slowly on the rise . . . 19.8875p when I last checked.

>NB. Lot #95 is going to get bigger when exploration commences to the south. Manolo is also sounding more confident with Constitucion

Noted that earlier lift for 5 days averaged 15,818 bpd, i.e. -

08/09 . . . . 14,952
09/09 . . . . 16,494
10/09 . . . . . 7,482
11/09 . . . . 16,259
12/09 . . . . 23,904

These numbers are escaping most investors' notice.
Nor have we grasped that another ~30 m of pay will markedly increase 1P reserves.

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

Looking much better @ 10,104 bpd plus whatever is being loaded on to the barges.

https://www.refineriatalara.com/construccion-de-nueva-refineria-talara-registra-un-avance-superior-al-95/

Looks as though completion is imminent. Starting date November 2021.

sic - Saramuro

. . . not Talana.

https://www.petroperu.com.pe/english/projects-and-operational-units/projects/new-talara-refinery/

$Bns poured into this project. Petroperu et al are not going to allow a jungle community to capsize the most modern refinery to have been built providing Euro-6 grade fuel. More Bretaña product is desperately needed and improvements to the Samuro pipeline have to follow. See satellite view @ -

https://www.google.co.uk/maps/search/saramuro+pipeline++Peru/@-4.7194677,-74.9237607,781m/data=!3m1!1e3
(zoom on coordinates)

Where have all those earlier posts gone? Or did I imagine them?
Going against the tide admittedly but I have added a few 000s in the last few minutes.

Yes, a Kukuma fringe group of protesters has been outside the Bretaña gates. They are opportunists and may not get far as the mainstream community are liaising with the company and government authorities. As matters stand it would be a surprise turnaround following recent initiatives that had the participants smiling. Lima is not going to capitulate with critical crude supplies needed at Talana.

For Tekmak, with apologies.
I took up £2k this morning despite having some reservations about the PIC.
Shall keep an eye on the TGA and PIC management though.

https://andina.pe/agencia/noticia-minem-viabiliza-inversion-social-para-comunidades-saramurillo-y-san-jose-saramuro-862182.aspx

Help keeping the lid on the local population but we should never have doubted the triple combination of government (Castillo), Petroperu and Petrotal making every effort to safeguard a critical resource for the country's future. The boat gift's purpose is presumably to enable local transport on the Ucayali including some enjoyment - a good move if when stuck in a jungle for most of their lives.

Looking more encouraging this afternoon with bid and offer nearly equal @ 20p.
Shares being collected and the slight sell-off possibly arrested.
Possible improvement tomorrow even without news.

Hope we are out of the awful rut . . . haven't enjoyed it one bit.

Unless useful information comes to hand not much will be added by me in the next few weeks. No loss there.

Shanta together with four other AIM stocks will remain intact. Have switched most attention to to the main market despite the annoyance of stamp duty incurred. One of them is scoring heavily probably partly on the back of a wild Barc analyst forecast.

I examined yesterday's information and considered EZ's programme for WK. The footprint grows: Kakamega, Bungoma, Busia and Vihiga probably fall within the licence area. It therefore becomes an accelerated operation in view of comment in one paragraph. More heavy mineralisation will see a step change in SP. And Singida pour will make a few waves.

Still hunting for the so-called Kakamega Dome formation.

Noted. Is this going to rapidly go on following the Barc forecast?
Either way will be here for quite some time.
>PS. Whilst tempted shall not be going into that other stock you talk about.

https://www.sharecast.com/news/broker-recommendations/drax-surges-as-barclays-hikes-price-target-by-75--8097166.html

https://www.jadestone-energy.com/aim/significant-shareholders/

Updated 15/09/21 . . . 72.54% . . . a remarkable statistic. Could easily attain 80%.

Some monster trades after the bell but difficult to interpret them. A few are labelled "echo" so the source could well be the EU. Tomorrow and the remainder of the week should be another story although I feel the Barc analyst might have lost his senses. Time will tell.

A 16% SP increase over 10 days is quite spectacular for DRX.

Seems to be getting a hurry-on in the last half-hour.
Have placed DRX in my long-term box.

Good assessment @ 08:45.
Isulu targets have become primary. We might not be getting SP response yet but EZ, LL, YD et al just have to keep plugging away. Perhaps Singida pour will be a catalyst even if it is some time off.