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The G70 rig has been sat idle since last year waiting to spud the A7 Deep Well, we've had so many excuses as why it hasn't spud the well (planning/ testing blah blah blah).
I think even though they drilled the A8 Deep Well with the G70 rig (the seller probably let them use it before it was fully paid for) the reason they haven't gone a head and spud the A7 Deep Well is because it's still not been paid for:
16 February 2024:
''At Deep Well A7 we plan to use the G70 rig we are in the process of acquiring''.
Dec 22 2022:
''A new G70 rig, on which we expected to complete the purchase in the next few weeks, will be used to resume drilling at Deep Well A7, which was paused at a depth of 2,150 meters.''
Recently we've learned production hasn't been anywhere near 2,000 bopd as reported and more like 1,400 bopd so with Covid 19/ Sanctions it's possible they've not had the available funds to finish buying the rig and therefore the seller has stopped them using it until the full payment has been received?
They say that they want to see what happens with the A5 Deep Well, imo that means if it flow they can then go ahead and finish buying the rig with (hopefully) an increase in production - test production oil could be sold right away locally and the dosh would be received a month later, so the A7 Deep Well could restart drilling in June/ July? perhaps they'll use the shallow proceeds money if a sale goes ahead, but could be many months away?
I think at the time the G70 rig cost $750,000?
I could be wrong but that's my reasoning why the A7 Deep Well has not spud all this time.
Divemike,
What flavour is your popcorn - camarel?
Enjoy the virtual show ;-)
Maybe they met on Tik Tok/T watter/X /Our time or another over 50s dating website, who knows
It does intrigue me, have Coffe and Somm ever met, do they know each, how long has this relationship been going on, did they 1st meet on another BB, lots of questions, have they been on Love Island together, we need to know these answers
UNC, sit back and break out the pop corn
Good Grief!
Coffeemugs,
There you go again making stuff up with your pathetic nonsensical dribble.
Is your poor ex-missus and the kids still down south, don't worry about them they'll be better off away from your northern guff?
And don't pick on BM he's far more clued up than you'll ever be.
Mango ... so u can use Yr junior phsycology on us?
Pleased I was adding while some of you were going on about dead camels ...
And a slow hand clap for the 100k seller just now. I mean, what do they expect to happen here if they finally start delivering after years of pent up promise?
How about you two call a truce? If only just for the weekend?
Readers of these bb's are actually able to think for themselves and make their own minds up, based on the evidence. Or should be able to ...
Somm / flawless were those the ones I sold at 14p when u ignored everyone around you and watched yr holding dwindle into pocket changev at the 1p zone
Your poor wife ...
Complete berk.
Coffemuggins,
WOW you've got a nerve! It was only a couple of weeks ago you told Bluemango/ others you'd only ever bought CASP at 1p and 2p, how many peeps have you tried to hoodwink.
''Adenuff ive still got the ones i bought at 2.4p 6.2.6.4 7.2 9 .10. now got some at 10.25 but only 100,000 or was it 300000 ? Cant remember as a bit lumpy for casp really, i wont be adding anymore.''
I will be making sure your hoodwinking days are over.
Bmn, 2.65p to 48 p yum sold ... can afford the odd loss on small positions, said it wasn't for widows and orphans on the reentry.
Fdbk in a large position sorted it all out and left another chunk over.
I've got another one on the go I'm scaling into Shhhh
Close one eye and focus on the prize.
BM,
Exactly, and when Coffeemuggins said he'd flipped again I think he was referring to his mental health.
The poor man has got issues (even poorer after BMN crashed).
Even if it was forward selling, they'd be well aware of the implications for the valuation and it's hardly going to be a project that reduces the value ... so I stick to my view that it wouldn't be them if they've got any sense. Having opted to take the risk by taking it in shares in the first place. Presumably they had some choice in the method of payment.
Hopefully soon irrelevant in the scheme of things, whatever ...
And don't even think about agreeing with that pra77, he's skinted better people than you who believed in him...
Where are these 4,476,923 shares you say have been sold, that have not been issued yet, showing today?
Aer you holidaying on Fantasy Island?
Mango,
You agree to do a job for £140k and are being paid in stock at 3.25p into your offshore stock account.
No tax to pay - you sell at over 3.25p.
You'd be a mug not too take the bonus.
Forward selling on aim goes on all the time, don't blind yrself with amateur phsycology, follow the .oney..
BM,
Exactly and they've not even been issued yet, but are already being churned. lol!
He's such a laugh, what would we do without him?
And if they've got any sense (knowing they're aware of the project being advised on, and it's likely impact on the share price) they'd probably not sell instantly at these low levels anyway.
Coffeemug,
There you go again making stuff up.
The 4,476,923 advisor share won't hit the market until 29 April @3.25p.
What you going on about - ''advisors 4.4m stock getting churned over''?
More gibberish from the land of Gibber.
Yes it's still there, not moved
Advisors 4.4m stock getting churned over.
Want to see circa 2.5 times volume, will then move up sharply on Monday...
Busy, busy, busy today for Caspian.
That's where you should be for telling pork pies, I rest my case.
Is it still in Dock?