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I only see “TriCascade, Inc. intends to market” the module. Does manufacturing typically fall under the umbrella of marketing?
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No, I’m really curious. It will be a way to make revenue so is there a typical percentage we could apply?
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How much does TriCascade make as a reseller of a product that someone else manufactures?
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Thanks, Opus. I was just curious as to the language being used. To say they have not involvement does not necessarily mean they are no longer pursuing Block 4. It could be that the IR guy just looked at the website and saw that Block 4 was not listed as an asset and thus, no involvement.
Also thought it could save Mr. Buckland from having to answer multiple emails on the subject.
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Screenshot? Thanks.
Yep, why? Have you found something that shows a definite connection to SRMX?
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That being said, Total is a huge company that can prioritize many projects so, if they do end up in EEZ-4 and if they find billions of barrels of oil there, too, they could easily prioritize that development, as well.
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Thanks, Krom. I had already seen that article, as well, but didn’t see anything that said Total was prioritizing anything over Namibia. It actually sounds like Namibia will be a priority.
”Both companies are keen to accelerate the process to production and have both mentioned that in four years, they should start producing. It is not something that we imposed, but it is something that we have discussed.”
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I am a registered Reuters user and do not see that there is anything more to the article than can be seen from the link provided in farml1234's post. Please provide the link to where the rest of the article can be seen with a subscription.
Thanks.
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Wrong board?
Not showing as PTCRB certified, yet. Enter "Tri Cascade" as Keyword.
https://www.ptcrb.com/certified-devices/
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Looks like this is another COMPAL product (via subsidiary APAL).
https://www.apaltec.com/dongle/
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São Tomé and Príncipe waits for oil in the coming years
Oil will be a reality in São Tomé and Príncipe in the coming years. The first drilling, made by the GALP and SHELL consortium, in the Exclusive Economic Zone, offers good prospects, according to Osvaldo Abreu, São Toméan minister of natural resources.
There are strong indications of the existence of oil in block 6 of the exclusive Economic Zone of São Tomé and Príncipe, recently drilled more than five thousand meters deep.
Second, Osvaldo Abreu, São Toméan minister of natural resources: "it is a great gain for the country".
"We believe that oil and gas were found. And now what remains to be seen is to what extent? It is a great victory, a great gain in terms of resources for our country," said the São Toméan minister of natural resources.
This discovery will trigger future discoveries in the EEZ of São Tomé and Príncipe.
The samples are currently being analyzed in specialized laboratories.
It is recalled that the Block 6 consortium consisting of Galp and Shell, both with 45% participatory interest, and the State of São Tomé, with 10% covers an area of 5,024 square kilometers in São Tomé territorial waters, about 100 kilometers from the coast of the country.
https://theworldnews.net/amp/ao-news/sao-tome-e-principe-espera-por-petroleo-nos-proximos-anos
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The National Petroleum Agency of São Tomé and Principe (ANP-STP), Galp STP and the Shell São Tome and Principe announce the conclusion, safely and as planned, On July 30, 2022, the drilling of the Jaca-1 well in Block 6 of the Zone Exclusive Economy of St. Tom and Prince (EEZ).
The Jaca well is located approximately 135 km from the island of São Tomé and 130 km. From the island of Principe.
The main objective of the operation was to drill the Turonian reservoir and collect Samples of rocks and fluids along the well.
The total depth reached was 5638 meters TVD (True Vertical Depth).
With the completion of the operation, the well was properly sealed and the probe ship, giving Sequence his activities, headed to other places.
The focus of the Consortium now is to analyze and evaluate the data collected in
Specialized laboratories. Pursuant to the Production Sharing Agreement (CPP),
Additional information will be made available to the public as soon as the results Laboratories are completed and delivered to the Operating Companies and the ANP-STP
Jaca-1 is the first exploratory well of the EEZ and was drilled by the probe ship Voyage From Maersk.
The CPP for Block 6 was celebrated in 2015 and is in Phase II of the Period of
Research. The consortium is composed of Galp STP (operator) with 45% interests.
Participatory, Shell STP with 45% interests and the ANP-STP, representing the State, with 10% of participatory interests.
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I’ve never said they outright owned it such that they would include anything about it on the website or in their filings. I’ve just never, personally, seen anything that says they gave up their claim to gain ownership of Block 4 after winning their arbitration against ERHC.
I know, I know, the 8K blah, blah, blah. I just have a different opinion about what that 8K says.
Enjoy your Saturday evening.
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Thank you for acknowledging that Kosmos could still be involved wrt Block 4.
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Any announcement of a commercial discovery will come from the STP government first, although “rumors” may leak out before the official announcement comes.
Since when is 7.333B less than 7B? And the O/S has increased more than 1B since that float number was last updated so the float has likely gone up as well.
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That’s right, RKT. Both articles are reporting the same thing based on the statement released by the ANP. Today’s article is just a little more “colorful”.
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Confused. Sintana has interests in Namibia, about 1800 miles south of São Tomé.
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Tells me they found something, just not what they were expecting to find, or how or where they were expecting to find it. Now they go back and crunch all the new data with their supercomputers to try to figure out why things didn't go as expected and to deteremine how to proceed, or if to proceed, from here.
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Drilling in the “Jaca” oil block is already completed, but the result only after analysis in a specialized laboratory
August 5, 2022
By: Ricardo Neto, journalist at the STP-Press News Agency
São-Tomé, 05 Aug 2022 (STP-Press) – The National Petroleum Agency, ANP-STP, of São Tomé and Príncipe, Galp STP and Shell STP today announced the completion of the drilling of the Jaca-1 well in block 06 of oil in the São Toméan sea, but the result of the hole will only be known at the end of the process of analysis and evaluation of the data in specialized laboratories, - indicates a statement from the ANP-STP sent this morning to STP-Press.
“The focus of the Consortium is now to analyze and evaluate the data collected in specialized laboratories. Under the terms of the Production Sharing Contract (CPP), additional information will be made available to the public as soon as the laboratory results are completed and delivered to the operating companies and the ANP-STP”, reads the statement signed by the director of the National Agency for Petroleo, Luiz Gamboa.
The statement stresses that “with the completion of the operation, the well was properly sealed and the drillship, continuing its activities, headed to other parts”.
“The main objective of the operation was to drill the Turonian reservoir and collect samples of rocks and fluids along the well”, says the note, noting that “the total depth reached was 5638 meters TVD (True Vertical Depth).
Located approximately 135 km from the island of São Tomé and 130 km from Príncipe, the Jaca-1 well is the first exploratory well in the Exclusive Economic Zone of São Tomé and Príncipe and drilled by the drillship Voyager.
The CPP for block 06 was signed in 2015 and is in phase II of the research period, with the consortium comprising Galp STP (operator) with 45% participating interests, Shell STP with 45% interests and Agência Nacional de Petróleo. , representing the State of São Tomé with 10%.
https://www-stp--press-st.translate.goog/2022/08/05/perfuracao-no-bloco-de-petroleo-jaca-ja-esta-concluida-mas-resultado-so-depois-da-analise-em-laboratorio-especializado/?_x_tr_sl=pt&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc
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There is no PSC for Block 4, so no authorization for any drill ship to drill there, currently.
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oo, Voyager is headed to Suriname in South America. No need to go to EEZ Block 4 since there is no authorization to drill there.
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LOL! If only it was that easy.
I'm in. Thanks, Eli.
While they did not use the word "Halo", specifically, the work with Halo was aluded to in the Q1. It was not clear, however, if they were including it as a current, ongoing activity, or if they were still just giving themselves credit for what they did in 2021.
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Yep, we should know soon if SRMX/Tricascade is still involved with Halo.
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Just would have preferred that he mention ERHC as an original block awardee along with Equator, rather than Oranto who was not awarded Block 3 until a year later. Oh, and that ERHC is the 100% owner of Block 4 (as far as anyone knows).
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Yes, that was posted here a couple of times. Thanks.
Here is a recent article by a geologist. Hope he’s better with rocks than he is at journalistic research.
https://expronews.com/exploration/breaking-new-ground-in-sao-tome-principe/
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I think you may be recalling the Oil News Kenya reporting where they said that Tarach-1 was a dry hole but later ERHC said that there were oil shows. We all know how that turned out in the end but for a while there Oil News Kenya was persona non grata on this board.
I don’t believe Upstream, or anyone, ever said that Tarach-1 was commercial nor do I, personally, ever recall them erroneously reporting with respect to ERHC. Hopefully, this will be the first time they are off the mark in that regard.
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On the plus-ish side, if Upstream is wrong and oil was found, Shell/Galp might now say something sooner than later to counter bad reporting.
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Upstream is not interpreting Galps comments so favorably.
https://www.upstreamonline.com/exploration/galp-s-gulf-of-guinea-wildcat-almost-complete-amid-signs-of-failure/2-1-1266770
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A little more from Galp regarding Block 6 from their conference call. Still won't say if they found oil.
Although the transcript says "indiscernible" when you listen he clearly says "Sao Tome and Principe". Also later in the transcript where it says "some time", the spearker says "Sao Tome". The second link is to the call and you can hear this exchange starting at 35:30.
The next question comes from the line of Raphael Dubois from Société Générale. Please ask your question.
Raphael Dubois
Good afternoon, thank you for taking my questions. The first one is about [indiscernible]. I understand you're still analyzing the results of the drilling. But is there any chance you could already share with us some of what you already know? I guess if you encountered hydrocarbons, you should at least already know that. So, that will be my first question. And then on the dividends to non-controlling interest, I note that it dropped from €110 million to just €1 million in Q2, can you also maybe give us some idea of what it will look like for the next few quarters, is this a drop in Q2, is this something that was planned, is this due to a special skitter of payment to Sinopec or is this because of the Bacalhau spending?
Andy Brown
Okay, can I ask Thore to talk about that?
Thore Ernst Kristiansen
Yes, thank you, Raphael. So, the rig is still on location in some time. So, we are finishing now, very comprehensive data acquisition program that we've had there. And what I can tell you is that yes, we are analyzing the data and I will not conclude anything or communicate anything before we have done a really proper and thorough job there and aligned in the partnership and this is of course, very exciting, it is completely frontier area. So, we need also to be very careful to make sure that we spend enough time, so we really also understand what we have acquired. But I can tell you we have had a big acquisition of data that has been acquired and which we know will use some time to analyze. Thank you.
https://seekingalpha.com/article/4525576-galp-energia-sgps-s-glpef-ceo-andy-brown-on-q2-2022-results-earnings-call-transcript
https://www.galp.com/corp/Portals/0/Recursos/Investidores/2Q_RESULTS_2022/Galp%202Q%202022%20Results%20Presentation.mp3
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Galp still not giving anything away. This is all I could find in their 2Q results released today.
São Tome and Principe: Safely drilled Jaca well and analysing acquired data
https://www.galp.com/corp/Portals/0/Recursos/Investidores/SharedResources/Resultados/EN/2022/Results_2Q22.pdf
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I believe this may be it.
http://www.kosmosenergy.com/InvestorPresentationLSEMeetingsAugust2017vFINAL.pdf
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This is the new website included on the last PR. Not much better but working, at least.
https://verusintl.com/
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Evidence continues to mount for a positive outcome for Block 6. Can't copy and paste and will need to subscribe to read the rest, but what can be read here sounds good.
https://www.africamonitor.net/en/opiniao/am1359stp/
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If he went.
Before the conference it had shown his likelihood of attending as 60%. Kind of like how Max is giving himself a 60% chance of attending the AIoT show at in Taiwan in October.
https://10times.com/profile/max-c-li-45606936
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