Member Info for Womo

SCE2AUX - as far as I am aware:-

Following State 16-2LN-CC the Board approved a high impact three-well drilling programme to commence later in 2022

to further delineate the scale of the Paradox project. This will include:

• one delineation/development well targeting the Cane Creek reservoir in the southern portion of Zephyr's

25,000-acre WSU (the "State 36-2 LNW-CC" well);

• one exploration well, located on the SAME PAD in the WSU, which is planned to target Clastic 9 - an overlying

reservoir which has previously demonstrated evidence of hydrocarbon presence (the "State 36-3 LN-C9

well); -------This has not commenced for obvious! reasons.

• one delineation/development well in the historically prolific, liquid rich Cane Creek Field (acreage south of

the WSU).

IMO the nothing further has commenced due to several reasons:-

JV Partner defaulted on 25% of WSU leaving Zephyr to pick up the tab for purchase and ongoing additional costs.

Purchase of Gas Plant which requires capex to get operational.

Unforeseen Blowout at 36-2

etc etc

I think we are fortunate that CH has had the foresight to obtain revenue with the Wilston assets and hedge large proportion of BOE. The revenue from Wilston has enabled debt to be reduced (slightly) and at better rates.

Yes we are all frustrated at the SP but CH and BOD are trying to cover unknown eventualities (without further dilution).

Thousands of houses going up around where I live without the infrastructure and support. To my mind CH is working to get the infrastructure in place first.

ORR will be holding its Annual General Meeting on 8 June 2023, it will also be hosting a live presentation and Q&A session at 11.00 am on 25 May 2023 on the Investor Meet Company platform. Follow the link to register

https://www.investormeetcompany.com/oriole-resources-plc/register-investor

pernickety, nothing to do with GGP then? As GGP will be listed on both markets AIM & ASX

As far as I am aware Colin didn't rule out a share dividend in the future, he also mention a share buy back.

Q4 Tie in for the two wells still on target but dependant on Dominion, Gas Plant Infrastucture/operational and 36-2 well test.
Fingers crossed for 5000 BOEPD Q4

blissful, I am sure the CH is gutted re the Blowout at 36-2 which is obviously very serious. Not to be taken lightly.

blissful,, I get the frustration but I think you also need to list the positives where the company have positioned itself for future growth.... I list a couple and hopefully CH can give a clear view going forward.

The Williston wells are profit making. Most importantly, the cashflows have the potential to power growth across the company broader portfolio. (The company can borrow more money thus limiting dilution). As per Nov 22 annual redetermination results in 30% increase to availability under Revolving Credit Facility
Cash Flow has enabled the additional purchase of the remaining 25 per cent. working-interest in the White Sands Unit in the Paradox Basin. "The Acquisition is immediately accretive to shareholders, given the increase in the Company's reserves and resources, and provides the Company with increased flexibility and optionality in terms of the future development of our Paradox assets.

A roll over trade is a set of on Exchange transactions, the effect of which is to postpone the final settlement of a position in a security by closing an existing unsettled bargain and entering into a bargain which creates an equivalent position but for settlement on a later date.

Trader closing out one position and then opening another for same amount of shares and price (Rollovers). They are not two buys.

Just had a phone call from Turner Pope regarding the Webinar asking what I think of the company and my investment. Seems like there is lots of interest and many questions have been submitted.
Can only be a good and hoping to get a valuedf information and reassurance on Thursday night.

Great that CH has managed to re arrange the Webinar under the circumstances. No excuse for not putting your questions in.

Thanks for the info and links and escpecially the list of where the company has come from. Hopefully CH can give us an update soon.

Wyloo taking over Telfer with GGP taking back 100% of Havieron. Win Win

Bring it home......Whatever it might be.

Did I hear right when SD said 'a lot of engagement with others within the Paterson'. Wonder what that infers?

Crofton,, Apologies if it came across as partonising.. Reading it back I can see that it could be taken that way.
Yes, some of the drill results are low g/ton but we are talking open pit mining.
'Results show anomalous gold mineralisation in all three target areas with potential economic grades in the Eshkilitau II and Southern Shabdar targets.'

Troajan, its not just the depth... check figure 2 which shows the possible full length of the drilled system. How have you arrived at 1 meter intersections?

Maybe this will give you a better understanding:-
https://otp.tools.investis.com/clients/uk/east_star_resources/rns/regulatory-story.aspx?cid=2741&newsid=1667688

Crofton, how you can tell whether the market agrees or disagrees in the first half hour of trading is beyond me. Have you really looked at the grades (including historical) and the depth.

8am