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EXCLUSIVE: Alastair Smith, Avacta Group CEO gives an Operational Update

Member Info for marky5858

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Member Since: Fri, 3rd Jun 2016

Number of Share Chat Posts (all time): 9
Number of Share Chat Posts (last 30 days): 0

Last Posted: 9 Jul '18

2 Jul '18

Looks like YA have recovered what they needed and now see the potential of the Weald, knowing full well where the SP was before SS ventured to B.B. no more conversions and now funded through two IIs to the tune of 5 million. With HH being the main concern for ukog mid term, and with very strong sustained flows already recorded, this now is again, a very interesting place to be. I for one am looking forward to the forthcoming months and news flow. GLA
2 Jul '18

Let’s see the new sustained flow rates with the new rod pump and choke manifold back to where we should be 6p up the COGGERS ! ;)
7 Jun '18

Interesting day ? UKOG as potential operator. = The company that serves as the overall manager and decision-maker of a drilling project. Generally, but not always, the operator will have the largest financial stake in the project. At the successful completion of logging the target zones, the decision to complete or plug and abandon generally has partner input and potential override clauses. As far as the drilling contractor and service companies are concerned, the designated operator is paying for the entire operation, and the operator is responsible for recouping some of that expense from the partners. = could SS be activating the esso pipeline ready for flow testing ? SS isn’t thick, B.B. was a disaster from the acidisation issue from Aug. He didn’t tell the market but he didn’t cause the problem either, as the operator he has control with yes a higher outlay but if the oil flows higher at HH, then in the long term a lot more profitable, my guess is he is activating the esso pipe, pump the flow oil as he’s running for 150 days at 1700 bopd that’s a huge tanker operation, It also saves costs of circa 600£ per tanker run. He awaits for YA loan to clear releases some hopefully good news, issues a placing to cash raise on the SP rise off the back of news and it disappears into the ether he then consolidates and goes into production, IMO that’s his line of thinking but even still, HH has to flow at great rates for long periods of time which I believe is highly possible given the last HH rns stating flow was restricted by the pump and choke manifold. Let’s see how this plays out............. VERY interesting!
5 Jun '18

Wait for the injunction - wait for the rig - watch the progress and momentum of said progress.
23 Apr '18

BV TECH clearly looking for a takeover why subscribe to the offer as they did. They may have contracts to service already, be interesting to see where this goes now knowing BV have such a big interest in DFX, contracts pending maybe.
23 Apr '18

Cheeky games into close last grab for the day imo. Be interesting to see how this behaves once they let decent size buys through ! GLA
17 Feb '18

Brilliant I’ll be back soon then 6zeros ! Hope you are well buddy and the rest if any are left :-)
16 Feb '18

Long time no speak ! About to buy in again here where are we up to ? All 6 holes done ?

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