both haven't..thats my fault I was reading two things at once and put the wrong figs down for rawicz..rawicz is a proven gas find..it will be drilled and tested which flow rates and hopefully commercial one come out of it..by the looks 3mmcfd is a commercial rate by the looks at FX production rates statement (conventional), ..it could be the tax take..don't think this comes into being until jan next year....sm1...will only come back to sle being holder if genel back out...which I don't believe they will ..cheers links
If these 2 fields have been proven to flow at commercial rate and considering revenues are a priority, why isn t sle concentrating and drilling/testing/completing these two instead FIRST as drilling 3 others exploration wells (one dry so far) only put pressure on sp and unnecessary expenses (even if they are "cheap")?
Then why PNR, their backers and sle main shareholders are not looking very much in a hurry to deal with these 2 proven area? SLE s worth around only £35 million currently. Would be quite cheap for our main shareholders to agree to buy the company out outright and frankly why woudn t they if the prospects are as good as they are, especially as they are bound to know more than we do?
Lastly, good API oil flowed during drilling and testing at sm1 which is a good sign even if been P&A. Are we still the licence holder of that area and then could we farmout again to Genel or any other interested companies for another free carry drill as it has now somehow been derisked?
if OF has been used to 20/25k a week less tax! and he goes to 5k less tax...dont you think he will miss the money,so to take stock he has shown he must think taking shares is better than his wage and the sp will be on the move ....... .I presume you want sp to stay where it is?...don't think OF does nor sle and iis....would say most pis would like it to be higher...he must know that with what sle have coming up it would be worth taking sle stock....so do I....rawicz is a proven gas find..it flowed at just over 4mmcfd in the 70s that its commercial production..but I would imagine sle will be looking at getting more than this with newer drilling etc..then siekierki.... do you think sp will be 2p from april for a whole 12 months with this coming up!! and pvr monies coming plus lewino/rogity/corblinka etc etc......only a those who are negitive would think so.... .personally OF has shown commitment to sle and pis etc for taking stock.......he has given a date for the change and think of the cash it will save sle...and if they are new shares which I would imagine they would be crickey we have 2.5bill..do you think a number of shares he gets will do anything to anything!!...don't think so!
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