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Someone just got p..d off and sold 1.1 million shares.
Mr Ps
Your figures & research are I will freely admit are second to none and I have no doubt accurate.
But I liken your constant pessimism, despite it being no doubt accurate, to that of when ever I log into LSE the daily process of cancelling Google ads then giving the reason " not interested",then the same damn ad appears the next time I log in.
Irritating to the extreme of a mossie bite you cant get to . It begs the same question as most have asked why are you so concerned as despite having sols a huge sum you still have a modest amount remaining,why do you pour water, cold water at that over the posters that get the merest breath of circumstance of hope
I hear you are a charitable man and have on many occasions helped many ,well all I can advise is leave people dream and don't worry there will never be the huge sums invested like before
Or, more likely, nobody will close any deals until the bond AND the tax bill are sorted.
I think we are renegotiating the deal with the offtaker to get a better deal regarding the 13 million loan.
Or we now could be in process of selling all of the assets to either the offtaker or someone else.
What’s for sure, is that with the bond sorted its all good from here
Being dislexic is my problem but if it hit 1.5 next week whos is the more idiotic
Its quiet not quite and two r's in the word worried and your connection has got absolutely nothing to do with the sp
Just trying to help stop people thinking that posts are idiotic ,which the one you wrote was by the way
that's why it's so quiet. Idiotic posts like that!
Very quite for such a long time was just woried my connection was off
1.5p by next week
Yes, the test works.ie this BB is still open :)
Test
I would take 34p, thank you very much!!
Me too..... and bring it on!!!
34p may take some time I feel , but I do feel we are a lot safer than we were !!
Reserve based lending, it's one way of generating cash without dilution. I believe the company will aim for expanding the horst and revisit TE2 and SBK wells.
Are we still an exploration company, don't you need cash for that??
ID71, read the broker notes on exploration upside, 34p I believe.
daveyboy71..... pray tell 30/40p cos that would make be a million!!
Thanks Ducati for backing up my memory, ID71, personally I believe 30/40p is the new quid in the next 3 years. News before end of month.
TE-10 Well Test Result
As previously announced by the Company, the TE-10 exploration well was drilled to a measured depth ("MD") of 2,218 mMD, with gas shows greater than background levels observed across the gross TAGI interval, from 1,908 mMD to approximately 2,030m MD. Both internal and external petrophysical interpretations of wireline log data, integrated with FMI (high definition formation micro-imager log), and side wall core analyses, estimated net pay of up to 15.4m in a succession of thinly bedded gas bearing intervals distributed throughout the 110m gross TAGI reservoir interval. The presence of moveable hydrocarbons was further supported by the successful recovery of a gas sample from 1,937 mMD, with no evidence of water, using a modular formation dynamics tester (MDT).
A test programme was designed to assess commerciality, which included perforation of four zones within the gross TAGI interval and stimulation of the uppermost primary zone. The Company announced securing gas to surface pre-stimulation from this primary zone on 8 May 2019.
A mechanical stimulation was carried out over the uppermost primary zone (1,932 to 1938 mMD) by an experienced crew of Schlumberger engineers, deploying 'state of the art' Schlumberger Hi-Way technology, the first use of this technique in Morocco. Wireline data acquired during the operations indicated that the stimulation was successful and that the formation was likely fractured over an interval between 1,924 mMD and 1,946 mMD. After the initial clean up this zone was flowed and recovered a mixture of gas and liquid, largely comprising the fluid used in the stimulation. Two nitrogen lift operations were subsequently performed in an attempt to increase the gas flow rate, followed by nitrogen injection into the fracture network. Despite the nitrogen lifts and injection the Company reports that the gas flow rates achieved were below the 1.5 mmscf/d to 2.0 mmscf/d commercial threshold required for development previously advised by the Company. In total approximately 64,500 scf of gas and approximately 2,300 bbls of liquid were recovered over an 11 day period. The hydrocarbon gas was sampled and flared at the wellsite.
The secondary lower three zones did not flow gas unstimulated, and a sample of liquid subsequently interpreted as formation water, was recovered from the third zone (1,965 to 1,977 mMD). The subsequent analysis of this water supported the petrophysical interpretation of high gas saturations in the uppermost primary zone.
The Company now intends to deploy a downhole gauge to monitor the pressure in the well and will demobilize the test equipment and crew from the TE-10 well site.
Schlumberger have the technology to reduce water cut........reservoir plugs etc.
https://www.slb.com/resource-library/case-study/st2/water-control-samaria-mexico-cs