The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Talking to yourself again TAC ?? 😂
That is correct, strange but true.
Ronnie. From what I understand, the opposite to UK wells. The water cut declines with age as the oil increases lol x
Also, these type of wells appear to increase rather than decline over the first few years due to nature of the reservoir and we have gas production to include.
Pboo, IT WAS BEFORE THE PRODUCTION EQUIPMENT WAS INSTALLED, hence it was FREE FLOWING
HOPE THIS HELPS
Even @BrokermanDaniel has now put his ramp in
https://twitter.com/BrokermanDaniel/status/1788851427286081827?s=19
ChristineTaylor5, you're starting to get a bit too technical for a cougar, talking about stripper wells and suchlike. Careful you dont reveal your true identity TheAimCasino 🤫
CT5
The log says
Spud date 27th March
Drilling finished 5th April at 4624ft
Completion date 11th April
1st production was 16th April
20bopd
Maybe that’s what the large tanks are for
Calm down CJ / TAC / CT …. You’ll blow a gasket!!!
Thing is no one knows what the stabilised flow is yet so just chill and wait for the company to annoy e instead of spamming this board with 8uII5h1t 🤦
In fact, looking back on the X account, it would appear testing actually commenced at the end of April so that 20 bopd was certainly not being pumped out 💪
Is that the 20 bopd was pre-clean up. It was recorded on the 16th April. The clean up operation has allowed Zac Philips tomrefer to this well as hugely successful which to me signifies a lot more than your 20 bopd Pboo. If you will remember. The well was completed and there was a period where equipment was being taken away and test equipment being installed. I am not even so sure that the beam pump was even installed then so it could well have been free flowing at the time.
2nd April, prior to cessation of drilling. The 20 bopd was before clean up commenced. Do you think as this clean up process continues, there will no increase? Hardly a huge success if not, is it. 🙄
Pboo. That 20 bopd was recorded whils the drill was still heading to target. Long before completion. Look at the date it was recorded and stop being such an ar*e.
Flow rate
https://twitter.com/WealdOilers/status/1788915308255727906?s=19
Uggly100
They are not my flow rates, that is the average flow rates from wells in the area. Reach oil's other wells in that area are producing on average 33bopd per well. The official USA figures show Andrews-1-17 as flowing at 20bopd, yes it could increase and I hope it does. Time will tell.
CT5
Not negative just factual comments against your fictional comments.
The USA well data shows it as flowing at 20bopd, now that might increase after the well cleans up but can't see it getting to your 150bopd.
20bopd is classed as a successful well in the USA.
According to official figures, Reach Oil have 7 low cost wells in the area each producing on average 33 bopd = 231bopd.
Ooops, mixed my R with an F but i'm sure you know which well I refer to 😂
Is all guess work, nobody knows whether it will be in line with estimates, better than or worse than.
However, one would have to agree that it's been referred to as a 'major success' in the first update to confirm drilling completion, 'hugely successful' in yesterdays presentation to US investors, is declared commercial and frequently updating the Twitter account with progress pictures of the permanent production facilities beong installed that it all leads to something a lot more than the 20 bopd bandied about on here. There would be a massive loss of face and confidence if the company were putting out such a strong message to discover it was no better than a rejuvinated old stripper well. The feeling I get is that the flow rates are going to exceed expectations when they release them and this is the reason the company are already on their way to drilling the Andrews2 well.
Herhert, in reality there are only two main people of negativity on here excluding a couple of anti-fossil fuel protestors, they are Heid and Pboo. In fairness to Pboo, he does stick to his agenda, 100% negative. Heid on the other hand hops back and forth by the day. One minute David is her angel from heaven, usually on every penny rise. Then he is paud too much, too old, doesn't deserve a nice home, you name it, she says it.
Https://www.youtube.com/watch?v=5zaQgbACc1E&ab_channel=DisneyPlus
just my view on some of the negative people on here currently.
You choose your characters !!
Pboo you are so full of crap it's frightening. Why don't you ddtop your insinuations of 20-30 bbopd & admit you haven't got a clue what the flow rate will be.
According to the RNS of 17 April the audited results will be published on 20 May 2024. My own thoughts are that the dividend will probably be announced at that time.
GLA.
4.75%, now 5%. Wow, maybe it will be 10% by Monday 😂
Hi milnrowmug. I tooam hoping that UJO will turn out to be a far better than average AIM oiler and, IMO, it's doing all the right things. Assuming the board decides to announce a divi fairly soon, perhaps along with the annual results, what do you think the right yield is for a £25 million mkt cap company? IMO it should only be about 1% or so. All the best, GP