High horse is where I expect to be before year end when this gets back into the 6's. Several players are selling & giving valid reasons why, I just enjoy laying down the possibilities of an alternative scenario & hopefully giving them reasons for some doubts. I apologise if I offended but you suggest you are a newbie player with your questions, re. ISA etc., yet you seem to raise a question mark against yourself, with your lack of any engagement? Dare I say it 'men from the boys',? If was as simple as that, then I could be excused? Sadly, as most people engaged on here will know, paid adversaries will pop up (generally poor quality, albeit not often) which raises the question of your wee bit deramping... Hopefully you are reassured with John's explanation & like the rest of us, will be here for the long haul. GL.
not a problem here. But for many mega difficulties. The Saudis who have a war chest of $1 trillion can play a very long game. OPEC has to all intents and purposes suspended operations. It is clear that many producers have the aim of bankrupting Iran, Venezuela ( they really are in the do da), US fracking companies, and last but not least Russia. Who, as a result, may have to do a deal over the East of Ukraine. A very interesting side issue is that all of Alex Salmond's calculations re the referendum were on the assumption of an oil price of $ 113. Because productions costs are so cheap with LGO we are all sitting pretty and when(not If) the price rises which it will and I suspect rather sooner than some derampers here would like this will do aower of good to LGO share price. Why doele come here with a hidden agenda. MMs will not take any notice of a little bulletin board. Too many people here and for that matter on other boards have delusions of grandeur and of their own importance and think they have great influence. Well, they do not. Luckily most posters here are supportive of our we'll run, informative company. We will do very well here, there is no doubt of That. I stumbled across them by accident and bought at 1.1 p for a bit of fun. It is now my most important investment and even when it plunged I had no sleepless nights. As we say in Italy - tano auguri per Natalie e Felice nuova anno.
GY-670 was perforated first on the pad, being the middle well of three. Perforating from middle out, means less risk of losing pressure from one well to another. He has now opted to make GY-671 the next well due to it being more shallow then GY-669, meaning a faster completion overall. A little consideration to leaving the best well to last, may also be a fair point.
To note, we did the opposite on pad 2, perforated both outside wells and worked out to in. The result was losing pressure to the formation on the inner wells.
Are always going to be high for the next wells so expect a lot of negativity if peoples targets are not met. Nr might surprise us all yet so cannot wait for next news release as their is so much to come.
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