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Interesting operational update from Orca overnight. Unable to keep up with skyrocketing gas demand. They need to increase their capex and development plans to meet government needs. Aligns with the push to bring forward Ruvuma production as well.

Seismic work, which will include coverage of part of our Kiliwani assets, being mobilized, commencing any time now. Hopefully they start with the land based work first!

https://www.globenewswire.com/news-release/2023/01/31/2599029/0/en/Orca-Energy-Group-Inc-Announces-Operational-update.html

...wouldn't go unnoticed.

Rig availability on schedule for March? Is it a single or multi well plan? NT1 & 2 workover? First look at seismics?

Lots of items to address

That's our man, Charles Santos on the right side

Nice bit of news for a Friday! Look forward to reading that Monday morning RNS. Onwards and updwards

Anyone else surprised these wells are produceable? Been a decade since the ok-ish 1st one was plugged, and I thought the 2nd was mudded up so heavily it's unuseable. Workover?

Feels like ARA is pandering to the locals on this one just to get more production asap, but wouldn't be the operators' preferred model

Impressive work BD and shareholders. The unwindinf of the sp killer Prolific deal alone was worth the effort. The BoD are not trustworthy or competent enough to act without s/h scrutiny. Huge message sent to them today.

SCIR has a history of poor s/h communications, and I don't expect much to change on that front. Only accretive dealflow and cash flow will turn the tide here, esp now we have a bit of 'walking around money' from Ruvuman. Over to you Mr Reynolds!

Valuation here will stay in the dumps until something more meaningful changes. British investors don't love it bc there's little North Sea upside (now). Canadians don't want to buy it on the TSX because it's not a Canadian domiciled company and therefore dividends are subject to higher tax rates.

These Alberta assets are outstanding and will flow for decades. But so will the wells from every other oily around them. And they all paying divis, and all are subject to lower tax rates than I3, so why bother?

Ironic that Graham Heath comes across as much healthier than Majid

East African gas network is a game changer for onshore gas demand

And now AGS is onto Songo Songo for Orca's 3D seismic work, including our little carve out for Kiliwani

In the last 12 months, AEX is up +89% and SCIR is down -82%

Next week, ask the BoD to re-draw their chart showing sp correlation.

It wasn't long ago TZ was barred from World Bank funding due to its electoral/humanitarian inconsistencies. Halted FDI significantly, which hurt energy investment. Is a big deal that in'tl funding has returned.

The 'data to ... evaluate location is ... expected by mid-September', which may mean they still need time to review and analyze before making a decision on CH1. If so, we could be waiting a few more weeks for the next announcement. No reason to panic.

"Regrets, I've had a few..."

Larger share count is a major factor, though most new shares issued are held by insiders, and are not available for sale, so actual liquidity is not materially different.

Hopefully this time too, we won't have an ex-COO dumping 100MM shares into results. Add in a bigger target, condensate potential, and strong global interest in gas, and things could align for a nice momentum-driven run up.

9 more trading days until end of August, and hopefully, a first look at 3D results + roll out plan. Place yer bets.

Assume any next payments will be after whomever picks up their 25%. As operator, ARA can hold on to that invoice for as long as needed. Would like to see an update on the transaction, since 3D results and rig mobilisation is due soon.

Malcy is a paid promoter. If we don't pay him (we don't anymore), we don't get promoted. That's it.

It takes a special set of skills to muck things up this badly.

Time to sell remaining HE1 stake