With about 30+men in an average drilling crew plus technical staff, equipment suppliers, executives, office staff etc etc, it is totally impossible to keep a lid on information leaking out. These are all well paid personnel and I'm sure a good few of these would be in a position to buy ( or sell ) shares prior to any formal announcements of results from insider information. Happens throughout any industry. That's a perk of the job. . . From Friday's 19% share rise You could surmise that Rawicz has an initial high flow rate. This would be much welcome news all round. Makes JB look good in the eyes of his backers on his first well. Would also make any finance required that bit easier to obtain. Could be worth a couple of pence on SLE's share price. . . . But it is Lewino that will be our company maker. OF didn't say anything about progress in that direction in this weeks Rns. But he did say the farm out market was fairly robust. Could take a positive from that remark.
spot on ..oil will recover..to whatever levels...rawicz is an appraisel...crickey gas was discovered for coneral sandas sake!!..these chaps who think it aint...DOOH!...we await flow rates..its 30 odd years since rawicz was drilled ...........Im sayin nowt!
Fridays rise in share price is probably down to the flow rate of this Rawicz well. Pvr hardly moved so its nothing to do with Barryroe. As Lanny says, we need to start getting results and this could be the start. The pace at which both Rawicz and Sierkierki will be developed will be down to Pnr which is probably not a bad thing. Leaves OF free to get this Lewino farm out sorted ASAP. It could be a good year for us if all that can happen does happen . . but I have heard that before. Still, here's hoping.
Frus, SLE need results, I'm not going to sugar coat it. But with that said one Rawicz well came in at 8mmcfd in the 70's and it was drilled with old technology and as seen on the modern geophysics drilled off structure. So results could come in better than that imo. If they do I expect PNR to speed up more wells and drill this structure off (think 4 more holes or so) then I expect them to move to the nearby structures and drill them off. At the same time I expect them to get on with Siekierki, maybe by summer, again they should be able to get better results than previous drills as they will also open up the known structures above which were ignored in the past.
I expect the powers that be well find a price for that is works for both the U.S. and The Arab nations, but so low enough to put the screws to the Russians. Will that be enough to get our partners to drill for the oil? Don't know, I doubt it, Morocco is a long term project which will have to take past oil prices and future oil prices into account and decisions to move forward on that week have to be made. Long term I see oil getting back over $60 and maybe $70-80, but that may be after Putin has pulled back and given guarantees that they will not be aggressive towards neighbours. In this range everyone could be happy imo. In the higher range that I have above I would expect our oil to be drilled and the economics of Morocco will become very impressive.
I am on the bid over here, unfortunately nobody is biting as usual but will remain until I get what I'm after.
doubt very much if the wider market shares your optimism,and this is clearly reflected in the share price.Past performance here is dismal to put it mildly,even for high spec O and G explorer.barryroe?try 2018LOL
I would like happen is for rawicz to be a monster..get the the other wells done and have a brilliant revenue stream of millions a year!!.......siekierki...pnr do these workovers and have success with draining water from the formation and getting double the flow rate on them...drill the higher conventional pods and get great flow rates from them...these also put on production this year......it would be massive for sle for this to happen and with the monitising from barry..sle could be marching higher to all of our benefits including sids.................lewino...partners signed....lateral drilled and its commercial ...the majors come back and want sle acreage...at a premium...realm licences F/O and using the successful formular used on lewino...bingo!......but lets not get carried away eh!!!.....lets get rawicz in first...He .....links
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