Oh so promising rather than fairly this is a great result at the top end of our expectations..the well is capable of excellent flow rates and proven up that the formation that has good ability to flow and permabilitity..and despite the fact a bit of damage from the skin from the drilling process which we expect to be removed as it continues to be removed as it has been so far from the well test with the well increasing and pressure increasing over time..then there is clearly more upside to this well on that rate already..
several things and we are going to do them in parallel..we have already completed a feasible study regarding tying in facilities and so on for a development..we are talking to pipeline owners which there are more than one locally about tying in and pricing and so on, that's well advanced..
the results of the well have very clearly told us we should now go ahead and finish planning the next well..that could well be a horizontal or high angled well which should in the same rock have a significant higher flow rate due to a lot more contact with the resevior..so more drilling and prosecuting the development phase are what we looking to go after..
it does I believe around 70% of polands gas is imported and any country would like to produce it themselves for an energy security point of view and from an income view..so this is a big deal this I believe is the biggest field since the middle 90"s that is now going toward development..it is a big deal for Poland and locally we have other targets as well..we have leads and prospects and particually to the west of rawicz we have a similar size prospect which we will look to do 3D seismic over and mature that up for future drilling as well..so the stuff that comes off locally for this success as well..
well certainly oil prices arnt but the real positives regarding rawicz and Poland is the gas prices are very buoyant in Poland, some of the best in Europe and of course gas hasn't sufford in the way oil has so we are talking about a high value product here with a very ready market,local infrastructure and your absolutely right the deal is san leon do not pay upfront for the fist couple of wells and associated activities and in a success case that is clearly demonstrated here when production occurs then part of the production is used to pay back our 35% share of those costs..its a good structure for us and we are extremely happy with the outcome..
This might be an old fashioned view, why doesn't the company simply inform the shareholders of what actions they are carrying out on behalf of their shareholders ? The company does not belong to OF he is just an employee, Anyway only a few weeks before they have to inform the shareholders.
instead of making devious accusations about this ....being a follower of sle ring them up and find out the trueth....because its nothing which you are deluded too ............you have one serious problem man.......what did sle do to you as a follower......say go away!......although trueth don't come easy to you does it...
Andrew Pearse signed the legal document, when SLE pledged all their assets to Palomar. In the box next to his name it stated Lender which would maybe make one believe he has lent something substantial to SLE, otherwise why did they need the legal document ?
sle have not taken out any loan from pnr...they received 5m for rawicz and 15 for siekierki etc...farmout not loan....more and more misleading information comes out of this no nowt non holding follower!
Disingenuous is accurate portrayal (in my opinion of course). I have given you the benefit of the doubt (in that you are a frustrated investor) but I just don't believe you - that's my opinion.
FYI...I've been invested in SLE for a LONG time... I also refrained (for a long time) from posting on BB's because as this exchange proves - the comments and discussions are largely frivolous.
My opening statement needs to be taken in context - "I'm pretty new to this" refers to my presence on the board. Sorry to dispel another conspiracy.
" As for agendas, you've got one in that your hoping for at least 50% profit on your investment."
This isn't an agenda Frus... this is the whole point of investing... this may come as a shock, but I didn't invest in SLE just so I could talk to strange blokes like you, Kwidzyn and Honestsid on BB's...
You keep looking for negative conspiracies in things that are clearly a positive i.e. buggenhagen's FI for SLE's licences and Fanning's SP aligned salary... these are positive things.
"I want to see this sp climb as high and as soon as it possibly can."
Disingenuous is a very nasty word with far reaching meanings and one which I strongly refute. My post was nothing other than exchanging views and commenting on others which is what this bb is all about. I would suggest if your going to use such a word. First find out how to spell it, then find out what it means...If you think LSE admin are failing in their duties and should do something about my post, feel free be my guest. You have been here 79 day's I have been in SLE for 4yr and been posting 3 and a half year's. I dont need a lecture from you about SLE or JB or whether to sell up and move on...Dont make comments about me being part of a four or a three or any other number. If you had any experience on here you would know I am me and no one else, I express my views....I have never stated that SLE is finished. What I did say was IF there is no possitive results with these fields and PNR I dont think there ever will be. As for agendas, you've got one in that your hoping for at least 50% profit on your investment. Iv'e got one, I want to see this sp climb as high and as soon as it possibly can. What I can't do is tell a bucket full of lies in order to try and achieve it. Let me remind you of your 1st post/ 2nd Feb/ "So if Rawicz comes in as commercial what would you expect that to do to the sp. Similarly if Siekierki and Lewino came in how would that rise likely increment....2nd Feb/ Fingers firmly crossed for some very positive test results and a reflective increment in sp by a couple of pence would be very nice/....2nd Feb/ Todays sp I admit that I'm pretty new to this, but can someone help me with todays sp as I'm struggling to understand why the 11.47% sp slip./ 3rd Feb/ There was not even an estimate on time scales on the RNS and thats what I find frustating. It would make us pi's more at ease having a rough order of magnitude from the horses mouth when there are freaky drops like yesterday. It would have been easy to bail thinking it was the start of a bad news leak./ 3rd Feb/ Re:- Test results An operational timeline that's updated daily on the website would be a start./ 4th Feb/ If Rawicz doesn't flow I will make my next move then./ 5th Feb/ I bought another £8k two weeks ago..........Well my point is in the space of just 11 weeks you've gone from a struggling know nothing to a bullying ramper who's knowledge of SLE it seems is boundless. Funny that!
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