Member Info for wraith

The same as LK,...I'm here for SWP & today's RNS, is good news in my book;-

"As announced on 17 April 2019, the Company is progressing the detailed technical work on the SWP, the Company has chosen a well location and is undertaking the necessary pre-drill activities to commence drilling in Q3 2019, subject to receiving relevant Governmental approvals. The grant of the PPL will assist in that approval process."
Source: https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/CERP/14070678.html

BW

That should read: "ECO block".

BW

I see what you mean ( Page 25, https://www.tullowoil.com/Media/docs/default-source/3_investors/tullow-capital-markets-day-2018_presentation.pdf?sfvrsn=2 ), itsyou,....I see there is a COS of 81% mentioned, for the part of Hammerhead, that extends into AAOG block;-

Extract: "As the HH lead is considered to be the extension of Hammerhead from the neighbouring Stabroek block into Orinduik, it has a very high COS of 81%, although the volume is assessed to be a modest 11mmbbls."
Source: https://www.edisongroup.com/orinduik-resource-upgrade-for-eco-atlantic-offshore-guyana/

BW

We have a very successful drill, with 103 TIPTOP,....I would like to see, this reflected in s/p, for existing shareholders, who took the risk,....Djeno oil coming to surface, is excellent news,....I'm here for 104 & beyond, lets get 103 producing, from existing Funds, that AAOG have available, is my preference, as a shareholder, that took the risk, on the drill.

BW

Was not expecting that, I have only just bought in,....in my case, the potential upside to s/p, made ECO, a must have in my portfolio.

BW

DS makes it very clear, where his focus is (turning Oil into Cash (ASAP)),....from 4:02 into interview ;-

"We have done the hard bit, now we need to do the really important bit, & that's to turn that Oil into Cash."
Interview: https://www.share-talk.com/anglo-african-og-lonaaog-david-sefton-executive-chairman-interview/

BW

Thanks for posting links, gmcc, I had not seen those articles;-

https://www.offshore-technology.com/projects/tilapia-oil-field/

https://addenergy.no/mainnews/2019/3/5/add-energys-drilling-and-well-experts-assist-aaog-in-the-drilling-of-djeno-discovery-well

BW

Not knowing, what Market Cap, the broker note s/p@21.4p (thanks for info, on s/p target,Razorman) refers to, leaves myself thinking, there must be some good, accretive, M&A in the pipeline,...I would expect to see more shares in issue, with accretive M&A,...but if that results, in a s/p@21.4p, I will be very happy (with my CERP Gross average s/p@2.61492p, totally Funded, from a portion of my PRD profits).

Tune : https://youtu.be/129kuDCQtHs

BW

You are welcome, shibs.

BW

On a successful Barryroe drill,....I have around, s/p@60p to 70p level penciled in, as I believe, PVR have about ten times the shares in issue now, as to what they had in issue, last time, Barryroe was drilled,....if a successful Barryroe drill, is followed, by success at Dunquin South dill ( https://www.offshoreenergytoday.com/providence-excited-about-dunquin-south-prospect-as-seismic-data-arrives/ ), which I am expecting to be drilled 2020,....followed by a successful Avalon drill (Total, have already Farmed into Avalon), which I am expecting to be drilled 2021,...then there is Barryroe Deep to consider, if this is successful, also,......PVR could easily be a multibagger, from my initial Barryroe target of s/p@60p to 70p level, (imo).

BW

Thank you, LGO-fan,...did not know, they had reduced, to s/p@21p target.

BW

The Broker note target ( http://www.stockmarketwire.com/article/6041186/Broker-Forecast-VSA-Capital-issues-a-broker-note-on-Columbus-Energy-Resources-Plc-Ord-0-point-05p.html ),.....its crossed my mind, are they expecting, CERP to be at s/p@25p, if CERP achieve a £500m Market Cap,...if this is the case, then shares in issue, would need to be 2 billion,....2,000m CERP shares x s/p@25p = £500m Market Cap,....this would allow, shares to be issued, for M&A.

Have not seen broker note myself,...does it mention, what Market Cap, the s/p@25p target, refers to?

BW

Just bought in this week (5 figure Core shareholding) myself, hereandnow,.... happy with my ECO Gross average s/p achieved, Sub s/p@80p placing price,...very comfortable here, as 57.5% of Funds used, are profits from PRD.

BW

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/BOR/14022459.html

Extract : "We worked hard to achieve this, but unfortunately the farm-out process is taking longer than we had hoped, for reasons largely outside our control, such as the wider oil & gas industry's reduced capital expenditure on offshore projects and on alternative geographical focus areas.

To advise and assist us in the farm-out process, we have retained a leading independent investment bank which specialises in oil and gas asset transactions. The bank has reached out across the industry more widely than we have previously attempted and the response to date has been good. Data-rooms and technical sessions have been initiated, and these continue. Feedback about the sub-surface geology is always positive, so we are optimistic that we can secure the partners that we need. The farm-out will continue to be our main focus over the coming months."

BW

Yes, I noticed he mentioned GBP,.....holding both GBP & ECO myself,...good info in interview ( https://youtu.be/wqWyHSqPX3Y ).

BW

It's also worth noting, the drilling program, is Fully Financed, by a Non-Recourse Loan, secured against Barryroe Oil Production,....mentioned from 5:57 into presentation ( https://youtu.be/oxiNuEo1aUk ).

BW

Yep, as you say, 15 Trading Days to go.

BW

From 6:50 into interview clip ( https://youtu.be/740q6M07fqs ), guidance is, "Guyana, Oil In The Ground" is estimated to be worth $6 to $8 a barrel,.....agree Maverick7, it will be very interesting.

BW

Yep, agree with your thread heading, hereandnow,....44% COS, Fully Funded, for next six to seven wells.

https://www.youtube.com/watch?v=wqWyHSqPX3Y

BW

Option one (Valuable, quick, short term Cash Flow, for existing shareholders), would be my first choice,...Option two, my second choice, etc.

BW