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Cautios11 - new RNS - does this answer your point ?
Another rns.Any thoughts
Cautious11 are you serious? The Rns on 38az was crystal clear yet you don't understand the terms of equivalency re Gas and Oil but you claim to hold information on a Gas and Oil company. It's the twilight zone on here today.
Ajw Bungle Pecton, I have spent 20mins on the phone with Justin and to be fair he didn’t know either but fortunately he had 2 operation guys in the office and they have confirmed twice to me that the gas figures are for gas only which is excellent. I stated they should not have used boepd and Justin agreed. He is going to have a word with PH to hopefully mention this in any interview he may do. Like me I think these figures have been misread and make a big difference
Hopefully we will get some confirmation officially at some point
Ajw I wish I could contact you direct with information I have
Cautious, 1.5MMcfd is equivalent to roughly 260 barrels of oil (in terms of energy), so from the RNS 'Peak production rates have exceeded 300 bopd and 1.5 MMCF/d of gas (equivalent to a total of more than 550 boepd).' , means the total (oil and gas) peak production is the equivalent of 550 barrels of oil - obviously when the gas processing facility is up and running
Cheers Ajw. . I think it does matter a lot because obviously it makes a big difference to total profit. The fact neither of us knows tells me the Rns is once again not making it clear and obvious
I’m going to take it PH is trying it on again. And if he gets interviewed they only ask prearranged questions and don’t push. I would love to interview him cos I would give him hell
Excelsior - I am most definitely not a trader. I am however a long term holder here and I am fed up with "jhonny come latelys" giving me the benefit of their wisdom. Actually I am heavily invested in here and I found it bizarre that people have been chundering on about "we need news for the SP to move up" We get some news which I thought was very positive and I posted on here saying so. What I do not get is why some people on here seem to be pleased that the SP is now nearly 6% down. The only person that could possibly benefit is a day trader or someone with an eye for short term buying/selling.
Unless you are a trader Gary this is great news that we are progressing with our multi well drilling programme, AIM doesn't work like other markets, fluctuations can be almost random. We will move in the right direction, markets are all over the place today. This to me is a good start.. You're either trying to upset the guy you messaged against or you're a trader and this hasn't worked out. If not no need to be hyperbolic about the situation, this will move over time.
Please ignore the mm games as you can see the buys outweigh the sells today and its marked as 6% down. In reality, you will now see more TR1 coming in every day and value building as pi lose out again and city takes advantage. keep watching.
Ajw I appreciate what you are saying but if you look at the production test chart and take for instance the 31hr flow time it reads 231bopd average oil and a gas rate of 508 boepd. Is this 508 boepd all gas or combined because it reads as if it is all gas, It’s ambiguous to me because if it is all gas then there is more gas than oil, but on my previous post the re the highlights I think it shows more oil than gas
re.. "5p as a base from which to build suits me just fine." As the SP has now tanked to 4.9p you must be deleriously happy.
oh dear...my apologies if touched a sore spot;)...
frankly there is little point in responding to such a puerile message.....a less hyperbolic approach would do for starters....
4.9...or 5p...are you really into splitting such small hairs?;)......tant pis..
5p as a base from which to build suits me just fine.....stet
Quescusrobor you told me earlier today that (quote) "5p as a base from which to build suits me just fine." As the SP has now tanked to 4.9p you must be deleriously happy.
Ajw. The first paragraph under highlights in the Rns states peak production rates have exceeded 300 bopd and gas to an equivalent of 550 boepd total. I take it the gas figure also includes the oil because he has put total So more oil than gas, I hope I’m wrong
because as you know I just don’t trust PH
They say they are hoping to reduce the water flow at 16 but no mention of reducing it at 38 even though very similar in percentage terms. Is it a different problem or have we just got to except it.
Hepseal your quiet re gas production in January
Lol 2.8p getting a little closer
quercusrobor ,wasn't expecting it to go through the roof but going red just about sums up aim at the moment
Quercusrobor - What was I expecting ? Well probably not a 4% drop in the SP for a start.......
We're on the way to that happening now, this is great news as far as I'm concerned. I'm a LTH so the fact everything is ticking on nicely is good for me, wasn't expecting a massive rise today. What i'm most pleased to see is that Bloe have learned from their previous mistakes and provided a very concise and information rich RNS for us today. We will see the SP rise on this news over time, I think this will send us on an upwards trajectory over the next few weeks.
re..- have to agree this has been a fairly "sour" response to this RNS
looked at in context.....i.e....a mkt generally under pressure ....a v uninspiring crude price....poor sentiment/risk off..I'm not sure what you were expecting....fwiw...5p as a base from which to build suits me just fine...
agreed GARY , a long way to go , am averaging 7p at the moment , to be fair though Ive been in and out of this over a dozen times in the last 12 months , never totally out , always kept some in the mix
HI JFK8 - have to agree this has been a fairly "sour" response to this RNS at present a drop of almost 4% on the SP. Presonally I think I must be missing something - for me the RNS was clear, precise and upbeat. NOt sure what it will take for the market to respond positively. As you say the glory days of a 17p SP seem a long way off.................
sellers selling for 10 quid profit ... this needs 200% plus to get back to last years high , cant see that happening any time soon and Yes I am invested
Possibly a large order filled.
They'll be some who can't wait any longer and want to move to something more volatile.
What has happened to this share in the space of minutes.....???