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"production from the Monastyretska licence has now surpassed 500 bpd"
+
"natural flow at a rate that is substantially greater than the Company’s other wells on the license”.
So with other wells yes - flow is around that if not more.
Not sure where you get the 800bopd from?
Extremely good news as the current 275bopd of Blazh-10 is a natural flow rate. Licence commitment met. Job done.
Great news and should see a bounce today. GLA
that an RNS will be this friday 31st.
Oh yes, the AGM, thanks.
Yes hopefully before that.
I mean this company looks really healthy:
- comfortable cash position which is higher than current MC
- steady cash flow from operations
- high potential for flow rate increase due to encouraging pre-results from well Blazh-10
But I guess its too quiet around that company. CAD is not really in the focus of potential new (retail) investors.
Next AGM: Wednesday 19 June 2019
Hopefully an update before then.
I wonder how the sucker rod pump is going?
Last well update was 4 weeks ago. Another update should be imminent. Hopefully.....
C´mon CAD, show us some good flow rates from Blazh-10......
Cad,are busy making money,market doesn't seem to like this situation, and probably an increased oil production,noticed echo doing well,get rid of cash generation,and sell down your assets, and watch your share price sky rocket,is there some thing wrong with valuations on these markets,I'll say so,never mind RNS can't be far away.
2018 Annual Financial Report and Notice of 2019 Annual General Meeting
Ok, I don't want to forward the reply if it's a silly question. No problem :-)
I would imagine, the only response they could give you if they bother is in due course. What a silly question to ask them. Gl
I just contacted CAD regarding next update. Once they reply I`ll let you know...
Its just over 2 WEEKS not months ;-)
just over two months since the last update, hopefully before this month ends we get the good news! I'm really hoping for 25p!
Higher volumes would make me a bit nervous....
Yes, hopefully very soon.
At least we see very low volume in that downmove over the last days....
A little bit of an update will stabilise the sp methinks.
Thinking of topping up at current level. I don´t understand why people selling right now.
The next update is again expected to be good.
Current MC is below 25 Mio GBP. So the cash position is bigger than the MC....
Can't be far off now. been 3 weeks since clean up started. So perhaps another week, would give them 3 weeks of testing following a week of clean up.
But could oil stocks suddenly make a come back,its on the brink,I think 20$ to 30$ increase pb is possible,if it happens,I doubt it will fall fast,tension tightens.
In the RNS from April 30 they did not state that an update will be announced after the clean up is finished. They stated after clean up an extensive well test program will be conducted.
Nevertheless an update might come any day now!
Last RNS on April 30 stated that clean up should take a week. It’s been nearly 2....anybody else think initial flow rates are coming shortly?
News due anytime soon here, seems to be stuck in limbo not much volume each day...