The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just 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.
Quelle suprise !
Another 'doubt' post from you. That old chestnut.
You sound more akin to a damp firework, rather than a rocket.
Market hasn’t reacted to the gas is there doubt until its sold?
Bobbyrash - did a little table of my own this morning and also had 7 million round figure in the bottom box.
Righteous Cautious11. you're right and I'm wrong.
Yeah I've seen the name before. Not interested in what he/she says. I think 322 boepd production once facilities are installed is a very solid number. the well can/has produced more during testing but obviously the 322 figure is what the bod and experts think is more sustainable. Sounds good to me. If well 51 does the same and 16 improves slightly then with combined 700+ boepd from the 3 wells will produce circa 7 million a year . Not a bad base I think to move into the next phase of appraising the gas and hopefully further increasing the production well by well. Bring on the next 6 months. All looking good.
The way things are it’s steady steps hopefully forward. At least we know about the water cut, it took them months to admit it re 16, let’s get the gas connected and 51 sorted. I think 16 will be a bonus if things improve
dmj1 post at 7.34 Great Rns. 600 bopd plus gas £15 million per year Fantastic ( don’t you read the Rns before you spout your rubbish ) and someone 3 days ago was telling you the gas connection will be another 3 months and you rubbished him. Bit of an expert really!!!
thanks maladoni - appreciated.
hepseal, I saw the name and thought that I had seen it before, even though it was post number 1 - just a reversal of some of the letters in the name and a new account, with the same user.
All
A little too contrived from our friends BTMakaveli and Rocket999 (Read through the posts).
Throw in as many 'doubts' and 'worries' as possible, that only they seem to share.
Disingenuous tripe.
Pull the other one, it's got bells on.
Heh BT. In a sea full of sharks I trust the opinion of SEA7 a lot. Tamper, howay man get a grip.
Below is a copy of my post 18, Dec, 2019:
I assume "makavelibt" from two days ago is the same person and has now been banned.
Looks like he has been here at least twice before!!
Strange name for a new poster. What's in a name? Well the term Machiavellian often connotes political deceit, deviousness, and realpolitik.
Does that make you want to take the poster seriously?
Rocket 1000mcf at 38az is a good gas return. what were you expecting?
BTM member since today and first ever post made on this board - attempting to sound like the seasoned professional.
hmm?
The CPR does mention that the west rustavi field is a strong water driver - so I expect a high water cut. The only thing they do not mention, is that in some cases a water cut of around 80% can double lifting costs, due to water disposal, however, they reckon it is low cost water disposal, so the jury is out on the costs for water.
BTM speaks the truth here which may upset some holders including me.
70% water stuck out when I read the RNS and I’m to worried that this could get worse. How many wells would they need to drill to get a very decent gas return?
Also no mention of a cpr in the current RNS is this imminent?
djm1 if know one’s going to purchase it you had better tell bloe to leave the oil in the ground if it’s all about the gas. I think commercially they are both as important. It’s about the money (basic)
Anyway it looks like the market are not too impressed with the gas figures anyway at present
What a really disappointing day , I checked in first thing with the RNS and fully expected a 10%+ gain ~ minimum !
I can hardly believe that Bloe got their own details wrong !
Full credit to Cautious for getting this sorted out .
So where does all this get us now ?
Despite more executive incompetence , we would seem to be making excellent overall progress , but in the short term it looks like two forward one back and I have no idea how the market will react to the revision .
I think that most of us new what the text should have read in the table but it is good that Cautious instigated the amended RNS.
Proves they're listening and they are making an effort to be clear. And thanks cautious for being the catalyst to clear that up before we spent two months debating it.
Cautious sorry if you feel slighted. The gas is dominant by virtue of the resource available in the ground and what it means to the energy security of the country and its balance of payments. 0.5 % of the countries gas is produced domestically, so there is a huge captive market. It's been said enough times by many on here that the field is more gas than oil and the company's future is as a gas supplier.
They got it out just fine.. It made complete sense the first time they're just being clear as people have gotten confused.
Biggest problem with this lot is that they cannot even get any news out correctly. A publicly listed CO. with a CEO whose communication skills are ….. well ( insert your own word)
Fresh start required at the top, once faith is lost...……..
For the ones on here who struggle understanding. I rang just to confirm that the figures of boepd actually meant combined gas and oil, mainly because it keeps being said on here that the gas has much more potential in the ground than the oil and the figures provided so far shows the oil is more dominant. Speaking to Jason he was unsure but when he checked with the two operational men in the office they actually said the gas figure which was stated in boepd is all gas and you have to add the oil to that, I said are you sure because it normally means combined all resources but they were adamant. Obviously they were wrong because the updated Rns now confirms opposite to what they said
Is that alright for you dmj1 or have you anymore condescending matters