RE: Mentioned this before25 Oct 2018 10:49
1. Brazil (already producing field - hurdles to competition - finance that avoids dilution)
- "Avoids" not guarantees - nothing is guaranteed but communicating with the market that this is the plan would of been proven to the Nomad!
- No industry news to back this up - no industry news not backing this up, news on Dommo's website which clearly shows the issues they're facing!
- No positive share price reaction to this news - the news hasn't been released so how can you say that!
2. China facility details/plans (deployed on Brazil - improving the economics - increase flow rates and recoverable volume)
- What facility? This will take - this has been shared on here so many time - the report is that the Octabouy is the facility in China which after completion will be shipped to Brazil?
3. North Sea - 2nd (?) Marginal Field deal
- What are they actually doing with Helvick and Dunmore now? Glowing endorsement of their abilities. - you might find that WE have completed the required work. Its now with PVR!
4. Garden Hills farm-in (additional partners? Drilling new well? Drilling rig dedicated to Newfoundland? Better equity deal? All for zero capital risk)
- GH in turmoil, current partner not pulling their weight, giving away equity with little return, drilling new well because old well not producing. - there is nothing stating that PVF are the partner to drill the new well but we know they are dealing with a consortium regarding a farm in
5. GH production flow test start (50% profit for zero capital risk- over 100 mmboe in place)
- The reason for not starting is because it is not profitable to produce at the likely rate of flow. - Rubbish, the issue is getting the well in working order! Why would Brian risk everything if he didn't think the flows were commercial
6. Garden Hills flow rates (already previously flowed at over 200 bopd without artificial lift and at a peak rate of 1360 bopd)
- Consistency of flow is more important than what was produced over a short period, this well has not been producing in years. - a clear well with no blockages is equally as important
7. EL1070 update (5% gross override on 1.55 billion barrels - for zero capital risk)
- No news in years, not even the indication that this is going in any direction let alone a positive one. - you might want to look at SPE and the investment/ excitement they have currently, there are many links here!
8. Helvick and Dunmore lease extension (10% equity earned with another 40% available of 20 mmboe at 50%)
- Sat on their hands whilst the lease slowly expired, an extension is required to save any efforts. Its out of our control, as stated above, we've done our bit and its with PVR to push forward with the authorities
9. Suspension ? (Failure of at least 3 AIM class tests
- As this requires a level of success I wouldn’t count on seeing a suspension for this reason unless we seem some fundamental finger out of £$%! Effort.
- again rubbish!