Member Info for wraith

Taiwan,....building Islands in the South China Sea ( https://youtu.be/86HQRX7rZvc ),...Hong Kong, etc....& they (China), are concerned !!!???

BW

Thanks for link ( https://youtu.be/RuBShTTak3U ), bitcoinbuyer,.....excellent news, getting really interesting here at COBR now.

BW

With Darwin (• Break-even oil price < $35 per barrel https://www.bordersandsouthern.com/media/pdf/AGM.30june2020.pdf , page 6) Break-Even price,.....current oil price at US$92.69 ( https://oilprice.com/ ),.....our new 3.0985% ( https://www.londonstockexchange.com/news-article/BOR/holding-s-in-company/15296151 ) investor,.....Production Licences Extension ( https://www.londonstockexchange.com/news-article/BOR/production-licences-extension/15309308 ) extended until 31 December 2022,.....looking at the above, I believe a Farm Out is more likely, than a placing,....I looked at the 30 June 2020 presentation, for US$35 per barrel Break-Even Oil Price for Darwin, could not find it in the 21 June 2021 presentation.

BW

Yes, I read both (PVR & LOGP) RNS's, the same way, ThenShen,.....in the LOGP RNS ( https://www.londonstockexchange.com/news-article/LOGP/barryroe-update/15316686 ), it states:

Extract,
"An area up-dip of the 48/24-10z well was identified as optimal for appraisal and this was designated the K area. A site survey was acquired successfully in November 2021 over the K area, with the work completed on time and under budget."

Extract,
"The application for a Lease Undertaking for the Barryroe Field remains under consideration by the Irish Department of the Environment, Climate and Communications (DECC) and requires Ministerial approval. Award of a Lease Undertaking is an essential precursor to returning to active operations and moving the project forward."

BW

We have also held LOGP & PVR (we are holding both, LOGP & PVR, at present), On & Off, flashgarden,.....the RNS ( dated 04 February 2022 https://www.londonstockexchange.com/news-article/LOGP/barryroe-update/15316686 ) indicates, that the Barryroe Lease Undertaking, is now essential:

Extract,
" Award of a Lease Undertaking is an essential precursor to returning to active operations and moving the project forward".

Extract,
"An area up-dip of the 48/24-10z well was identified as optimal for appraisal and this was designated the K area. A site survey was acquired successfully in November 2021 over the K area, with the work completed on time and under budget."

Extract,
Steve Boldy, CEO of Lansdowne Oil & Gas, commented:
"These new studies have indicated that an oil development of the core area of Barryroe through both the Phase 1A and 1B developments, could deliver c. 20,000 bpd of oil (gross). This equates to around 15% of Ireland's current oil consumption, which continues to run at around 130,000 bpd of oil, 100% of which is currently imported. Such indigenous oil production would have a much lower carbon footprint than imported oil and would increase security of supply in these uncertain times.

Encouragingly, despite more conservative assumptions on the number of wells required and potential flow rates in the RPS CPR, the project economics of the Phase 1A and 1B developments remain robust under a Brent Oil Price assumption of US$68 per barrel in 2027, rising to $70/bbl in 2028 and 2029 and inflated at 2% per annum thereafter that Lansdowne considers conservative in Iight of the current energy price environment.

Lansdowne also highlights that the RPS CPR has only addressed the oil in the Basal Wealden A Sand, which allows it to be corelated to the earlier work carried out by NSAI. Gas was proven in the Basal Wealden C Sand reservoir in the 48/24-10z well that overlays the oil reservoir and this has previously been estimated to hold a potential gas resource of c 400 BCF GIIP. Lansdowne believes this significant gas resource could make a vitally important contribution to Ireland's energy mix as it transitions to a zero net carbon economy and it is anticipated that any future phased development programme will include consideration of this important gas resource.

In order to help identify the separate oil and gas potential in the K area, it is expected that the future appraisal well will address both the A and the C Basal Wealden Sand reservoirs respectively. "

Good RNS, looking forward to "Barryroe Lease Undertaking" being Awarded,....followed, in due course, by a 2023 appraisal well drill.

BW

For clarification:
We already have one company, "that we hold shareholdings in" (RKH), in the arbitration courts, ThenShen.

BW

We already have one company (RKH), in the arbitration courts, ThenShen,.....the RNS ( https://www.londonstockexchange.com/news-article/PVR/strategic-review-barryroe/15316438 ), does indicate the need for urgency, regarding the,..... "Barryroe Lease Undertaking":

Extract.
James Menton, Executive Chairman, commented;-

"With the benefit of four new technical studies, including a Competent Persons Report (CPR) prepared by RPS Energy Consultants Limited, the Board is confident that there is an attractive economic and technical case for moving forward with our plans to optimise the value of the Barryroe Field. At this time, the Board's main focus is on securing Ministerial consent for the Lease Undertaking as a matter of urgency. The Board is confident that Barryroe offers a highly valuable resource that can contribute meaningfully to Irish energy security and will have a crucial role to play in Ireland's energy transition. This is in addition to the related economic contribution."

BW

Highly encouraging ( https://www.londonstockexchange.com/news-article/GBP/namibia-update-significance-of-graff-1-well/15318591 ), as Global's CEO, Peter Hill, commented:

Extract;-
"We would like to congratulate Shell and its partners on the drilling of the successful Graff-1 well. As the first potentially commercial oil discovery offshore Namibia, this is a significant event not only for Shell and its partners, but also for Namibia as a country. We note the apparent similarities between the Graff discovery and the prospectivity in our own licence, which is highly encouraging especially when combined with the strong economics of our prospects."

BW

I've been thinking along the same lines ("given the warrants issued"), Tex2374.

BW

Holding our BOR shareholdings, for the full journey, Rookie1,.....looking more interesting here now, with our recent new shareholder & Production Licences Extension, ( https://www.londonstockexchange.com/news-article/BOR/production-licences-extension/15309308 ).

BW

Well, they are going to need a lot of gas:
https://www.irishtimes.com/business/energy-and-resources/ireland-to-get-nine-new-power-plants-by-2024-to-prevent-shortages-1.4794039

BW

Good find, irishmouse,.....
Appointed on,
1 February 2022, as Finance Director : (Paul FORREST, https://find-and-update.company-information.service.gov.uk/company/04140379/officers ),....I hope there is some positive AAOG news to come, following this appointment.

BW

MercoPress article: https://en.mercopress.com/2022/02/02/falklands-sea-lion-project-rockhopper-harbour-and-navitas-extend-heads-of-terms-to-31-march-2022

BW

Good to see, ( https://www.londonstockexchange.com/news-article/HUM/director-dealing/15309678 ).

BW

That's how I read it, Muchaboutmoney,.....gives a further window (to the 31 March 2022), for the arbitration result, to drop in,.....I would prefer, that, RKH got the arbitration result before the next, Sea Lion Update ( https://www.londonstockexchange.com/news-article/RKH/sea-lion-update/15309633 ). ).

BW

Agree Rookie1,....see it, as very positive news, myself.

BW

I just had a quick look, at their latest Company Note, Update
27 January 2022, Troajan,....which does look interesting,....Market Cap £8m,.....will look at them, more closely now, over weekend,....thanks for mentioning them, (China to reduce emissions, by using more LNG and natural gas).

Yes, nice to sit back & chill : Leo Rojas - El Condor Pasa https://youtu.be/8kQZHYbZkLs

BW

At the current Market Cap £44m, the market is already pricing in, a lot of negatives (IMO), anon3,.....but in the end, I thought it prudent, to wait for the update, before increasing further here.

BW

I was tempted, to buy another tranche of HUM shares today, anon3,.....when Ask was 11.6p (our last tranche of HUM shares, bought in 13p range),....decided to wait for update in the end, as we are already holding, our minimum targeted HUM Core shareholdings, at present,......in recent months, Ive been buying back into HUM shares, (in the teens),.....in the end, increased our exposure, to the oil sector, instead.

BW

I was watching, from about 31:00 mins into link ( https://twitter.com/i/broadcasts/1vOxwyPoDOWGB?t=27s ), swizz,.....what I heard, leaves me feeling comfortable, holding LOGP shares now.

BW