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Range Resources: Georgia on My Mind
January 02nd, 20125:48pm Posted In: Shale Gas, Georgia
European unconventional gas opportunities beyond Poland, even further east?
No, we’re not talking about Ukraine.
In an exclusive interview with Natural Gas Europe at Shale Gas World Europe in Warsaw, Poland, Anthony Eastman, Director at Range Resources Ltd. offered his thoughts on unconventional gas in Europe and what Poland’s success could mean for shale gas E&P further east.
He commented: “Obviously, Poland’s the main country at the moment in terms of shale and it’s certainly bringing international focus to the shale potential in Europe. A lot of the big guys are already here and I suppose some of the opportunities have already been taken, some may be looking elsewhere in Europe, at some countries and regions not thought of to have the potential shale that they could be shifting their focus to.”
Given Range Resources’ concessions in the Republic of Georgia, Mr. Eastman said the country’s shale gas potential is definitely worth looking into.
“We have two licenses with 7,000 square kilometers across the country, which represents about 10% of the land area of Georgia; we’ve shot 410 kilometers of 2D seismic and are looking to embark on another seismic program next year, where we look to extend the lines up into the north, where we believe we have some shale potential.”
He continued: “We’re at the moment chasing the conventional play through this next well and another two wells next year, and looking to attract potentially interested parties to come in and look at the potential shale opportunities in the north of the two licenses. We’re more than happy to open up the doors to them and look at some potential farm-ins.”
Eastman said that based on the RPS report released in December 2010, on the basis of seismic there were 68 multifold structures, and that the best estimate of oil in place at this early stage was at around 2 billion barrels of oil equivalent.
“With an additional seismic program that we’re kicking off next year, we could potentially look to add to that,” he said. “Having 7,000 square kilometers is a large area, so there’s potential to grow that base.”
He described the kind of partner Range Resources would seek to attract to Georgia.
“The willingness to come in, and with shale experience,” explained Eastman. “To partner with us and also to partner with the locals. We have successfully teamed up with the locals: about 95% of our employees are Georgian. So our partner would need to have the expertise and obviously the financial backing to come in.
According to him, the Georgian government has been tremendously supportive of Range’s activities.
“We have fantastic relationships in country there. They are fully behind us with what we’re doing as evidenced by the licenses that were originally negotiated and awarded around 2002-04.”
The Georgian government was accommodating, considering its conflict with Russia a couple of years ago over a disputed territory.
He continued: “Obviously there was the invasion of South Ossetia. The government agreed to extend the time of the production sharing agreements, plus also the GFC. They recognized the need to extend the terms. They’ve been fantastic, very accommodating and very supportive of the programs that we’re currently undertaking and would be very supportive of us to attract farm-in partners.”
He said Georgia was an easy place to do business, naming multinationals like BMW, Volkswagen and HSBC.
“It’s certainly an attractive place to do business and has improved over a number of years,” said Eastman. “We find it easy to do business. You’ve got BP with the construc
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The Manager
Company Announcements
Australian Securities Exchange Limited
Level 6, 20 Bridge Street
Sydney NSW 2000
By e-lodgement
TEXAS & CORPORATE UPDATE
Texas
Range Resources Limited ("Range" or "the Company") is pleased to announce that
the Albrecht #1 Appraisal well on the Company's North Chapman Ranch Project in
Texas is currently drilling ahead at a depth of 9,150 ft. with a target depth
of 14,500 ft.
The Albrecht # 1 appraisal well marks another milestone in the Company's
onshore Texas drilling program, as if successful, it is anticipated to prove up
reserves in the South East portion of the North Chapman Ranch license area, and
support a re-classification of current Possible (P3) reserves into the Probable
(P2) and Proved (P1) categories.
Following on from the Albrecht #1 well, the joint venture has the option to
continue with the development of the field with a possible four-well program in
2012 under discussion among the joint venture partners.
Corporate
The Company would also like to announce that the 189,965,535 outstanding $0.05
listed options and 60 million $0.10 Director options that expired on 31
December 2011 have all been exercised, or in respect of the listed options,
will otherwise be taken up by underwriters, Oracle Securities Pty Ltd.
The exercise of the Directors options and a portion of the listed options has
been facilitated by a funding and share placing arrangement with the Company's
brokers Old Park Lane Capital PLC ("OPL"). Pursuant to this arrangement 70
million of the new shares being issued on exercise of the options are being
placed (on behalf of the option holders) with clients of OPL at $0.115 / £
0.075. This includes 52,173,912 of the shares being issued on exercise of the
Directors options (as tabled for each director below).
This full exercise of the options will provide the Company with total gross
proceeds of approximately A$15.5 million.
Further details for each Director holdings are detailed below:
SIR SAM JONAH
Balance Previously Held
Shares 15,506,298
$0.05 Listed Options 4,135,013
$0.10 Unlisted Options 15,000,000
Number Acquired / Disposed
Total Shares acquired through exercise of options 19,135,013
Total Shares disposed through finance arrangement @ (13,043,478)
$0.115
Balance Now Held
Shares 21,597,833
MR PETER LANDAU
Balance Previously Held
Shares 6,250,000
$0.05 Listed Options 5,000,000
$0.10 Unlisted Options 15,000,000
Number Acquired / Disposed
Total Shares acquired through exercise of options 20,000,000
Total Shares disposed through finance arrangement @ (13,043,478)
$0.115
Balance Now Held
Shares 13,206,522
MR ANTHONY EASTMAN
Balance Previously Held
Shares 1,250,000
$0.05 Listed Options 1,000,000
$0.10 Unlisted Options 15,000,000
Number Acquired / Disposed
Total Shares acquired through exercise of options 16,000,000
Total Shares disposed through finance arrangement @ (13,043,478)
$0.115
Balance Now Held
Shares 4,206,522
MR MARCUS EDWARDS-JONES
Balance Previously Held
Shares 1,125,000
$0.05 Listed Options 300,000
$0.10 Unlisted Options 15,000,000
Number Acquired / Disposed
Total Shares acquired through exercise of options 15,300,000
Total Shares disposed through finance arrangement @ (13,043,478)
$0.115
Balance Now Held
Shares 3,381,522
Issue of Shares
Range Resources Ltd (the "Company") is pleased to announce the issue of the
following securities:
* 189,965,531 Ordinary Fully Paid Shares issued upon exercise of listed
options (A$0.05, 31 December 2011)
* 60,000,000 Ordinary Fully Paid Shares issued upon exercise of unlisted
options (A$0.10, 31 December 2011)
* 4,200,000 Unlisted Options to be issued for corporate advisory fees (£
0.075, 15 January 2017)
Application will be made for the 249,965,531 new shares to be admitted to
trading on the ASX and AIM. Trading in the new shares is expected to commence
on or around 11 January 2012. .
Following the issue of these securities the total number of securities on issue
are as follows:
2,053,237,625 Ordinary Fully Paid Shares (RRS)
855,166 Unlisted Options (£0.04, 30 June 2015)
7,058,824 Unlisted Options (£0.17p, 30 April 2016)
3,177,029 Unlisted Options (A$0.50, 30 June 2012)
41,781,915 Unlisted Options (A$0.1898, 30 September 2016)
4,200,000 Unlisted Options (£0.075p, 15 January 2017)
17,921,146 Class A Performance Shares
17,921,146 Class B Performance Shares
Yours faithfully
Peter Landau
Executive Director
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Below is an email receive by Miracleboy a year a go or so from ThomasO'Connor. Thomas worked with the Somali government in the 80s and early 90s in helping them to determine the likelihood of oil. His views (below) are very bulish on the chances of our operations succeeding:
"Dear Mr. xxxxxxx:
It is a pleasure to hear from you and I am flattered that you have
chosen to ask me these questions.
It is true that during the late 1980s and early 1990s I had quite a
bit to do with the petroleum sector of Somalia at the time of the Said
Barre regime collapse. I supervised a large, nation-wide geological
assessment of the petroleum potential of Somalia, undertaken by a very
well known and respected US consulting firm in Littleton, Colorado,
with funding supplied by the World Bank. The report was completed, but
since it was never paid for since no Government followed Barre, and
undertook to recognize the previous regime's obligations, its results
were never circulated nor directly made use of. Secondly, I conducted
a highly regarded seven-nation study of the hydrocarbon potential of
the Red Sea and Gulf of Aden, the results of which were issued as a
series of scientific papers. This is the long way around of saying
that the conclusions which have been shown on the hyperlinked brochure
by Africa Oil of its prospects in Somalia are in agreement with
current geological scientific thnking.
Through the Energy and Geoscience Institute of the University of Utah,
I was asked by Jim Phillips, one of Africa Oil's Vice Presidents, to
give a course on Geology for non-Geologists to the Puntland Head of
State and most of his Cabinet. This took place in Addis Ababa the
three days preceding Easter of this year. Its focus was very much on
the type of geology that is to be found in East Africa in general, and
Somalia in particular. It was concluded with a one hour presentation
by Phillips of the petroleum geology surrounding the first prospect
which should be just about started now.
My feeling on the subject of your question is that, yes, there is a
functioning petroleum system within the area of both prospects and
yes, the geology of Northern Somalia is similar in a great number of
respects to that found in Yemen. Therefore the direction of
exploration chosen by Africa Oil makes a great deal of sense. This
leaves open the time of oil generation/migration with respect to time
of trap formation and the effectiveness of the trap and seal. These
can only be established through drilling.
It is very difficult to estimate the amount of reserves in place prior
to any exploration drilling.
As regards potential drilling problems, yes, there are always problems
of this kind and it is quite likely that they will be similar to those
found in Yemen, since the geology is similar.
Assuming that the drilling contractor is competent and the drilling
department of Africa Oil is well chosen, these types of risks can be
offset through careful planning and logistics. Nothing in this
business can be taken for granted, but my experience has been that
good planning and competent management is in most cases highly
successful in offsetting such risks. From what I have seen of Africa
Oil's planning, management and logistics, I believe that they are
competent.
The bigger problem is likely to lie in what to do if commercial
amounts of petroleum are indeed found with these initial wells. It is
a very unstable region and the current government of Puntland can be
regarded from an investors perspective as speculative at best. That is
to say, I view the political risks as being greater than the
geological risks. But this goes beyond the question that you asked.
With best wishes for your future success in this venture,
sincerely yours,
Thomas E. O'Connor"
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DG
Great post.
Can I just add that Shabeel was drilled in 1958 by ENI (AGIP) on the perimiter of the prospect, and they flowed commercial oil (as well as some dead oil shows),
PL stated in one of his web interviews that the prospect has 43 (or 49?) degree API oil, therefore clearly he has seen the drill reports that would have been collected by the then Italian Somali government,
cheers
DD
cheers
DD By DiamondDon
--------------------------------------------------
19:30 14/01/2012 Re: Duster??
Range has been able to obtain through Government sources previous exploration documentation relating to the hydrocarbon exploration in the Nogal Valley area in Puntland up until 1991. The documentation includes original seismic tapes, well logs and processed seismic sections identifying major targets found prior to exploration activities ceasing in Somalia. Upon review of the data it was noted that the Nogal Valley area demonstrated:
Abundant oil shows;
Thick, high porosity reservoirs;
Many large structures; and
An excellent regional seal.
Range believes that the data provides further evidence of the large potential for hydrocarbons in the Nugaal and Dharoor Valley areas. The data is currently being reviewed by Range and its JV partner and if possible will be reprocessed with the benefit of modern computer techniques and knowledge gained in the similar basins in Yemen. Range is of the view that this data will prove to be extremely valuable in fast tracking exploration activities in Puntland and commencing the first drilling program with its joint venture partner, and operator, Africa Oil Corp.
http://www.rangeresources.com.au/operations/puntland/
Cheers Hitme. Got anything more on the LOCATION of those early shows as i seem to recall they were hidden in a kind of scorched earth policy. TIA if anyone can shed light Nogal better prospect but third drill?? By Sanchez_57
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http://www.raxanreeb.com/?p=127501
Article translated below reads -
Monday 16th Jan 2012 9.20am
The President of Puntland, this morning Dharoor Valley report.
Boosaaaso (RBC) The president of the puntland Abdi rahman sheikh Mohamud Farole, this morning umabaxay dharoor, near the magaalalada Bosaso in East.
The President, and members of the council of ministers of his government today and that is only wells oil, qodaayo dooxda Dharoor.President Farole told this month inside to the north headlands wells must be careful about how you start your speech first of fuel in Somalia, that will help in the economy in Somalia.
The administration of Puntland, he drove for two years in qodi forms oil dooxda dharoor would not knowingly persist in agreement with the companies Africa oil and Range Resources together in investigating oil points where already sahmiyay of will to oil.
President farole has expressed expressed that fuel found dooxda daroor capital, near the trade Puntland of Bosaso, which for will be said Puntland economy and all of Somalia.
President said that step horrumar and the administration took the north headlands well shidaaladii first of Somalia to officially today to hirgaliyo.
He also said the president of Puntland shidalkaasi if be that his administration in the will of deegada horrumarka economic Puntland as grounds airport and make new international ways.
The Dharoor Valley was first from by examining oil in Somalia. Security, you are emphasized Dharoor Valley, and the booqanaayn create authorities and the international, and this and yesterday in qulqulaayay forces.
However, the company Range Resources of the agreement lagashay Australia Africa oil and are working on qodida in El shidaalyo dhisaayo from Nugal valley and Dharoor Valley.
The oil sahaminta areas Puntland the 2005, the way to official to trainings and agreement lagalay companies now from all the administration of Puntland first Farole of the president was Adde Musa, but is little the agreement,-governing that takes place in.
In Nugal and tomorrow, they are places in the count that oil in Somalia.
RBC Radio
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http://www.garoweonline.com/artman2/publish/...reyey_ee_shidaal.shtml
Think these are it guys
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The Shabeel-1 well is the first of two planned wells in the Dharoor Valley -
adds broker comment For Range Resources, broker Panmure Gordon said the longer-term exploration upside of Range’s portfolio is illustrated by the un-risked NAV of 92p/share attributed to its interests in the Herrera Formation in Caribbean and the wider Georgian and Puntland acreage.
http://www.proactiveinvestors.co.uk/companies/...ng-update-37893.html
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Just found this whilst doing a bit of research:
http://contrarianinvestoruk.squarespace.com/posts/...not-for-the.html
First of all i like the bit about oil seeping to the surface.
My question is regarding the well that was drilled by Conoco in 1989/90. It mentions here that they found estimated 500m barrells recoverable. What happened to this well? Was it just filled in and abandoned? If so are we drilling in exactly the same area now? In which case we are guarranteed a strike of minimum 500m barrells recoverable right?
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http://www.otcmarkets.com/stock/RGRYY/company-info
ich persönlich bin ja kein Freund der Pinkys OTC... mal sehen was es bringt.
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Puntland: In search of black gold
As oil companies have started drilling in the autonomous Somali region, will it turn rags into riches?
Counting the Cost Last Modified: 21 Jan 2012 13:08
Puntland, one of the poorest regions in Africa, has been a semi-autonomous region in Somalia since 1998 when it was formed in response to the collapse of the government and the ongoing civil war in the south.
It has been calm recently compared to the lawless south, but illegal fishing, dumping and piracy along its coast are a barrier to progress.
But now for the first time in 20 years oil companies are drilling in Puntland and the region is hoping to see how transformational and powerful natural resources can be to a struggling economy.
Oil could offer the jobs and revenue the region desperately needs.
So has the autonomous region of northern Somalia found the source of its own renewal? Could oil change change the fate of Puntland? We talk to one of the men who is drilling for black gold.
We also take a look at Kabul's real estate market. First war and then investment brought many foreigners to Afghanistan's capital which led to a higher demand for real estate resulting in high property prices.
But with a scaling down of commitments in Afghanistan starting to kick in, what has happened to the property bubble?
The Dharavi slum of Mumbai, India is the largest slum in Asia - and an enormous site of industry and commerce. Now a plan by the Indian government to turn it into a multi-billion dollar township is raising concern.
We also visit the London high street store where you can walk in and buy a private jet.
Plus, we speak to Andrew Burns from the World Bank about the latest, rather grim growth forecasts.
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(RNS. Puntland Update 25/03/08)
The agreement shares exclusive rights to all identified regions for onshore and offshore oil and gas. Range and the Puntland Gov to bring in joint venture partners and undertake offshore licencing rounds. (SVS Research Report 11/02/10)
Most recent mention in this video. 5:47mins in
Good find Hammer102. Aljazeer News.
http://www.aljazeera.com/programmes/...012/01/201212111213181948.html
PL refers again to the original 'Contract of Work' saying:"
4-12% graduating Royalty. 50:50 on profits. 3-4% Taxes". These were the original figures in the contract set as Acts of Parlament in March '08.
This contract means that if any international O&G company gets a licence to drill anywhere in Puntland, (212,000 SqKm) onshore or offshore, the licence has to by Act of Parlament include Range Resources.
Now the Contract of Work can't be priced into the SP, but what it means to me is that Range's future in Puntland is set in an Act of Parlament. Will never be taken over as a whole, and I imagine that Range will sell off blocks as they are proved up.
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Range bought 100% of Consort.
http://www.rangeresources.com.au/fileadmin/...esentation__7-3-06_.pdf
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The Manager
Company Announcements
By e-lodgement
GEORGIA UPDATE - SITE CONSTRUCTION UNDERWAY
Range Resources Limited ("Range" or "the Company") is pleased to announce that
site construction has commenced in readiness for the spudding of the Company's
second exploration well in Georgia - the Namakhvani well which is the Kursebi 6
Prospect. Targeted spudding date is early to mid Feb with a target depth of
circa 3,500m.
Given the unexpected geological sequences encountered with the first well,
Range engaged new independent technical consultants, NTD Energy, to perform a
fresh review of all of the seismic and geological data across the top 3 Kursebi
prospects previously identified. The Kursebi 6 prospect was identified as the
most robust prospect with a more clearly defined structure and indications of a
significantly thicker Jurassic section, increasing chances of encountering more
reservoir and mature source rocks.
Below are the estimates of undiscovered stock tank oil initially in place
(STOIIP) for the prospect.
STOIIP (Mmbbls)
P90 P50 P10 Mean
K-6 Prospect - 100% 32.2 84.8 185.8 99.2
Attributable to Range - 40% 12.9 33.9 74.3 39.7
NTD Energy will assist in the management of the Company's drilling program for
the Namakhvani well along with the supervision of the proposed 2D seismic
program on block VIb. NTD Energy will also assist the Company in promoting and
developing the unconventional (shale) plays that may exist across the two
licence areas through the introduction of farm-in partners.
The Company will provide regular updates as to the progress of the drilling of
the second well.
Yours faithfully
Peter Landau
Executive Director
By CamelsBreath
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By Darshini Shah | Mon, 23/01/2012 - 09:43
http://bit.ly/zVnKI6
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The Manager
Company Announcements
Australian Securities Exchange Limited
Level 6, 20 Bridge Street
Sydney NSW 2000
By e-lodgement
PARTNERSHIP AGREEMENT IN TRINIDAD - amended to link with Leni Gas & Oil Plc
Range Resources Limited ("Range" or "the Company") is pleased to announce the
formation of a partnership with Leni Gas & Oilplc ("LGO") to jointly develop
their interests in the Eastern Fields Area onshore southern Trinidad, including
the Goudron and Beach Marcelle fields.
In a binding Heads of Agreement ("HOA") Range and LGO have agreed that, subject
inter alia to full legal and technical due diligence (see Appendix below for
Conditions Precedent):
* Range will acquire a 30% interest in Goudron E&P Limited ("GEPL") in return
for contributing US$4 million at completion;
* For a further contribution of US$4 million during the first 12 months
following completion Range will increase their holding in GEPL to 50%;
* LGO will operate the Goudron field during the initial work-over phase, but
subject to Range exercising its option to acquire a total of 50% in GEPL,
Range will become operator during the infill drilling and water flood
phases;
* Range will obtain an accelerated return through 75% of the revenue interest
until their initial investment is recovered;
* LGO will have the option to acquire a 15% interest in the Beach Marcelle
waterflood project by contributing 22.5% towards the development costs
(i.e. paying a 50% promote), up to US$7 million, towards the development
costs;
* Range and LGO will work collaboratively to optimise and extend their joint
interests in the Eastern Fields Area in Trinidad.
GEPL, a wholly owned subsidiary of LGO, holds the exclusive rights to purchase
the existing Incremental Production Service Contract ("IPSC") for the Goudron
Field. Range, through its subsidiary Trincan Oil Limited, holds a 100% interest
in the Beach Marcelle IPSC where it has approved the redevelopment of the
existing field production by means of a water-flood.
LGO's Goudron Field was originally developed by Texaco with 150 wells and holds
an estimated 21.8 mmbbls of reserves in proven, probable and possible
categories. The block covers an area of 2,875 acres and produces from the
Goudron and Gros Morne (Cruse equivalent) sandstone formations at depths
between 300 and 3,500 feet. Current production averages below 100 bopd.
An initial work programme involving well work-overs and selected infill wells
is planned to bring Goudron production up to 450-500 bopd funded by the
consideration in this agreement. Additional infill drilling and hydraulic
fracturing of wells is expected to raise production to up to 4,000 bopd.
Further potential exists in deeper reservoirs and through the implementation of
secondary recovery techniques, such as a water-flood. Production from Goudron
will commence on assignment of the IPSC and is expected to rise steeply over
the first 6 months of operations.
Range's Beach Marcelle block covers an area of 624 acres and contains a proven
reserve of 12.8 mmbbls recoverable through secondary production techniques
involving a field-wide water-flood of the producing Forest and Cruse age
sandstones. Beach was also originally developed by Texaco and has produced over
30 mmbbls of oil to date through the drilling of approximately 230 wells. Range
has committed US$12 million over the first 12-18 months of the project which
will commence in 2012. Range expects production from Beach Marcelle to commence
in 2013 and to peak at 5,000 bopd in 2015.
Range also owns and operates a local drilling company with five onshore rigs,
three production / work-over rigs and a swabbing unit. LGO, through its
association with Altech Services Limited, also has access to five further
work-over rigs.
Both Range and LGO also own a range of other interests in Trinidad. LGO holds a
significant exploration land position in the Cedros Peninsular where it also
participates in the Icacos Field with a 50% interest. LGO also has a farm-in to
the North Moruga Field and associated exploration leases where LGO will earn up
to a 49% interest and where drilling is hoped to commence in 2012. Range hold a
100% interest in the Morne Diablo and South Quarry fields where it is engaged
in a 21 well programme to expand production and explore the deeper Lower Cruse
potential in these fields.
The assignment of the Goudron IPSC requires approval by the Trinidad and Tobago
Ministry of Energy and Energy Affairs and it is hoped to conclude that process
during the next few months.
Range's Executive Director, Peter Landau commented:
"This exciting agreement with LGO further enhances our position in Trinidad and
gives us additional access to reserves and production growth, especially in the
short-term whilst the Beach Marcelle water-flood project is ramping up to full
capacity during 2013. The opportunity is of particular importance to Range as
it is in the final stages of choosing an appropriate debt financing facility to
develop the major aspects of our Trinidad operations for the next 18-24 months.
The Goudron Field has enormous potential for increased production and reserves
and by collaborating closely with LGO we anticipate additional benefits and
synergies moving forward."
Neil Ritson, LGO's Chief Executive, commented:
"This agreement marks a turning point in our growth in Trinidad since we now
have access to full funding for the acquisition and the first phase of the
Goudron field re-development. Accessing an equity stake in Beach Marcelle
further diversifies and strengthens our Trinidad portfolio. A close
collaboration with Range offers some significant synergies and we look forward
to working closely to develop further opportunities."
Yours faithfully
Peter Landau
Executive Director
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Posted by Dalesman on LeniGas
Looks like PL has pulled another rabbit out of the hat !
( SP / NAV quoted is against LGO )
..........................................................................................
For me the biggest upside lies within LGO’s Trinidadian prospects. They lie on trend with the huge Venezuelan fields formally exploited by BP. The oil lies close to the surface and has been exploited on a piece meal basis for some time now. Recently ‘Big Oil ‘ has been acquiring a stake in Trinidadian oil plays and Neil Ritson has substantially improved our footprint in this province.
The old Icacos field has been extended; North Meruga and Goudron have been added to the portfolio. There is huge upside in deep plays, which have yet to explore the potential of reservoirs analogous to those found only a small distance away in Venezuela. Snowcap 1 on East Meruga flowed at 1000bopd stabilising at around 500bopd. A repeat of Snowcap on our own Meruga field would dramatically increase our production. An extensive exploration and appraisal program is planned for Trinidad.
Returning to the Nav Goudron has the greatest potential to impact the share price. Snowcap 1 on the nearby field shows what N Meruga could bring to the party. The recovery factors and applied COS can be read from the workbook screenshot. Again all inputs are conservative and adds 4p to the risked NAV (reduced to 2p due to market sentiment/ financial risks) with an unrisked 13p potential upside.
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RRL Milestones/News:
(Approximately chronologically, by guess)
1. OTCQX upgrade
2. Smith 2 frac and flow rates
3. Albrecht (hoping this is significant shows + more than expected)
4. Texas P3 to P1/2 upgrade
5. ECV finally flowing (approaching the 1 year anniversary since
spud!)
6. Puntland Oil shows rumour Pay Zone 1
7. Trinidad well program update
8. Trinidad flow rates update (don't think we are at 1250 yet, but
those
texans were jumping, so could be that or just the texas
wells coming up good)
9. Herrera spud
10. UC License
11. Puntland Rumours Pay Zone 2 (Possible Interim news with Wireline
logging?)
12. Tangiers Bigger interest, accelerated activity?
13. MES Onshore Puntland details
14. Offshore Puntland details
15. Georgia K6 Spud
16. Georgia Future plans - Shale Gas (JV?)
17. Trinidad 3D CPR + Rest of acreage CPR
18. Puntland 1st TD (significant shows over 500ft net would be nice)
19. Columbia (lots of fund raising recently!)
20. Broker upgrade notes from UK, AUS, USA
21. Leni deal approved
22. Goudron activity plan
23. Trinidad water flood start
24. Georgia Mukiahni Revisit
25. Yet another unexpected ‘Blinder’ by PL!