Member Info for wraith

Interview ( https://youtu.be/Yf4VPxxz0Z4 ), covers the need, for domestic production, well,....thanks for interview link, chasrutledge.

BW

Furious, is an understatement, as far as I am concerned, Hedgehog100,....and yes, our ZEN shareholdings, are now, much larger, than our AAOG shareholdings.

BW

The TLP-104 well, was going to test, the Djeno reservoir & the Vandji formation,.....using the results from the TLP-103C well, to improve the design of the TLP-104, in order to achieve optimum production levels, from the Djeno reservoir,....from memory, the flow rate stays stable, from the Djeno wells, up to 5,000 barrels a day, per well,.....the Vandji formation, would have been interesting, hope ZEN is going drill TLP-104 well, at some point, & test the Vandji formation, (along with the Djeno reservoir),.....if memory serves me well, a Vandji well, would produce at a lot higher rate of production, than a Djeno well.

"Exploration activities at Tilapia
Seismic studies carried out by AAOG have indicated the presence of hydrocarbons in the Mengo and Djeno sands, as well as Vandji formation, which lie below the pre-salt layer of the field. The formations were not explored earlier due to the unavailability of extraction techniques." ( https://www.offshore-technology.com/projects/tilapia-oil-field/ ).

Subsalt exploration in shallow waters of
the Republic of Congo: https://www.pgs.com/globalassets/technical-library/tech-lib-pdfs/fb_barbanchon_et_al_march2019_congo.pdf

BW

Your welcome, Hedgehog100.

BW

The guidance on Wressle, alone, it is enough, to keep myself invested, in EOG, boltok,...... Serenity, I'm looking forward, to seeing, how EOG stake, plays out there,.....FEL 4/19 (Inishkea) alone, is also enough, to keep myself invested, in EOG,.....plus we have Morocco etc,....I've more than doubled, our EOG shareholdings, over the last few weeks,......did someone suggest, we could become millionaires, will soon need to be, the way gas price is rising. ;0)

BW

Extract:
" Each Warrant gives the holder the right to subscribe for one new Ordinary Share at a price of 9 pence per Ordinary Share (the "Strike Price") at any time from the issue of the Warrants up to (and including) 5.00 p.m. on 31 December 2023 (the "Warrant Exercise Period")."
Source: https://www.londonstockexchange.com/news-article/RKH/proposed-capital-raise/15497473

BW

Tilapia oil field, being able to drill the Djeno Sands Horizon, from onshore, is a big advantage, (IMO).

We hold both ZEN & AAOG shareholdings,.......the link below,dated 9 May 2019, shows what was planned, for the Tilapia oil field, back then;-
Extract
" AAOG also aims to further develop the field by implementing a six to eight well programme."
Source: https://www.offshore-technology.com/projects/tilapia-oil-field/

BW

GBP being below the placing price, which was s/p@0.5 pence per share.
Extract from placing RNS, dated 12th Aug 2021;-
"As a further component of the Placing, 100,000,000 Warrants are also being issued at an exercise price of 1 pence per share for a period of 2 years (one Warrant for every two new Ordinary Shares)",....they need the s/p, to be well in excess of s/p@1p, to be in the money, with those warrants.

Reading the latest Operational Update, dated 22 June 2022, it does sound promising, on the farm out guidance;-
Extract from the 22 June 2022 Operational Update;-
"Unsurprisingly, interest in Namibian offshore exploration has risen unprecedentedly – a development
which has become evident to Global in the course of its farmout of PEL 94, and also to industry
observers generally."
Source: https://globalpetroleum.com.au/wp-content/uploads/2022/06/22-06-22-Ops-Update-RNS-Final2.pdf

With the guidance given,....our current Market Cap of £4m approx,..... GBP is a hold/buy, for myself.

BW

Great news, thanks for posting, pauldrayton,....see it as very positive, myself.

BW

The way I read it, if you hold an existing licence, that has authorized the right to explore to the point of production,.....if this was not the case, why would you buy the licence?

BW

We also hold PRD shareholdings, top sliced to free PRD shareholdings plus cash profits, long ago, myself,.....retaining the free PRD shareholdings, mainly for continued exposure, to Corrib South.

BW

That all sounds very positive, thanks for posting interview ( https://youtu.be/-1MnyRcP7Rg ) link, chasrutledge.

BW

For clarity, that's 100% of the old FOGL acreage & a percentage of the old DES acreage, after farm out.

BW

Since those days ("£5.40"), RKH now have 582m shares in issue,....no longer, does RKH just have the Sea Lion Oil Discovery,.....RKH also has, all of the old DES & FOGL acreages now,.....I see Sea Lion, as the start of Falklands oil development, although I originally bought back into RKH, for the arbitration result, I have since changed strategy, I'm now holding RKH (also BOR & ARG), for the full development, of the Falklands Oil Industry.

My change of strategy, makes it much easier for myself, to hold our full RKH shareholdings, for the arbitration result.

Those are my thoughts, PennyorPound.

BW

Troajan,....With oil around current levels ($99 a barrel), Serenity & Wressle development, as I understand it, should have tax (windfall profits tax) benefits, for EOG.

BW

Nicely put, VeryHappyBunny,....EOG, has a nicely balanced portfolio, ( https://youtu.be/dXDiKBhQSAo ),.....looks like Morocco, could me massive, ( https://www.europaoil.com/wp-content/uploads/2022/06/220609_EOG-The-full-package.pdf ),....Inishkea drill-ready ( https://www.europaoil.com/wp-content/uploads/2022/07/20220706-Proactive-FINAL.pdf ),....producer,....I'm happy, to be an EOG shareholder.

BW

Agree Tovoc,...I was initially holding, mainly for the Inishkea prospect in FEL 4/19 in the Slyne basin, near the Corrib gasfield,....not any more, Wressle has performed much better than I had anticipated, plus the outlook at Wressle, as you have referred to, is looking very good, (IMO).
I will now hold, for Wressle alone,....looking forward, to our Serenity drill.

BW

All we can do, is back our judgment, darren123,.....for myself, I had been averaging our HUM Gross Average s/p up,....selling the final tranche on 11/07/2022, emptying our trading account (last sale at s/p@9.56p) of HUM shares ,....but retaining our Core HUM (ISA) shareholdings, resulting in a Gross Average s/p@55.66705p, leaving me plenty of head room, to average our HUM back down, with the Funds released from sales of HUM shares in the trading account,.....I started to average back down Friday, reducing our current HUM Gross Average s/p@36p exactly, I did consider reducing our Gross Average HUM s/p down to 13p level on Friday, but decided a cautious approach was best.

BW

With HUM Market Cap of £30m approx, Swampmonster,....today, I have also started to average, our HUM shareholdings, back down.

BW

The sound of silence, springs to mind.
Tune: https://youtu.be/NAEppFUWLfc

BW