if you think that s painful try to be in here for the pat 3 years and over ! Hindsight is a great thing so I won t go on about the past but things are definitely heating up in the Baltic now. The fundamentals have always been great in my books, only dilution and lack of patience from investors decimated the sp. I am still here because I believe 3legs will declare their Lublewo well commercial very soon, Bnk and/or Sle later in the year imo. The gas is there, they will find a way to extract it commercially. If I was not convinced I would not be invested here. Off on holiday now, looking forward to a sharp rise north by the time I come back!
the results anytime between now and 6 weeks. from november announcement 'completed with a multi-stage stimulation and tested from 2Q-3Q 2014'. from latest announcement 'We are pleased to be continuing to implement our 2013/14 drilling programme on time and as announced last November, and we look forward to sharing further news with the market in due course.". on time and as announced last november. latest it can be is end of september.
also, 3leg used cross linked gel, so less fluid to flow back and faster results. see below:
'On the Lublewo well, 3Legs have used a cross-linked gel a step back from the slickwater fluid that was used on the Lebien LE-2H well in 2011. The use of a cross-linked gel was designed to reduce the amount of fluid required per stage'
The buildup of potential news (Lewino, 3legs, BNK, Morocco, Barryroe), along with the recent JV with PNR, the utilisation of SigmaCubed US based specialists and the apparent stabilisation in the SP (something to celebrate in itself looking at the SP history) leads me to believe that we are about to hear news that should see this fly - as has already been stated numerous times by other more regular posters, all it needs is ONE commercially viable well in Poland for the acerage pricing to rocket and for the big boys to take interest again - my opinion is that this is imminent.
and to be fair, looking at the guy's suit and how he comes across (arid), I would probably suggest he is going to be on the more conservative side of things. So, if he is saying the results could be huge then we should probably take note.
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