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Words fail :)
Time to load up then whilst this drops and confirmation of the actual results rather than just the cleanup???
As the oil is probably around 35%API,low sulphur, and the water cut very low,I notice that 156 meters have been perforated,indicating a large reservoir, should see a reasonable output once artificial lifts are employed (nodding donkey),and of course the output won't diminish, like horizontal wells,and expect plans to drill further wells?
This share falls on good news shocking.
I'm assume this could be massive!
This isn't a mythical unicorn or one of those false Dawn's They have struck oil :) Loads of it !
As far as records go no1 blaz well is producing from 25 meters yamni beds,so how will 167 meters do,?
Don't think the market realizes what CAD have,on the high end of pre-drill expectations. "That with do for me,Tommy".
Before market closes.....:) Opening Sp ? Anybody
Successful clean-up flow of Blazh-10 well Cadogan Petroleum plc (“Cadogan”), an independent, diversified oil & gas company listed on the main market of the London Stock Exchange, is pleased to announce that the Blazh-10 well has produced oil to the surface at an estimated rate of about 150 bpd during clean-up
Fingers crossed!
Hopefully like bloe it will be worth the wait...
Just topped up with 5k worth! Sick of waiting though!!
tried to buy lots below 12 no dice had to pay 12.
It's now down??
more potential oil and confirmation 150bpd during cleanup... see how the afternoon progresses as people return from lunch...
I don't think many have seen the RNS. Doesn't appear on VOX or Investigate. Quite a muted reaction though.
youd think it was a damn duster right? Some oilers go ballistic on such news other just go meh! Cash here is significant too... oh well next news it is then...
and sleep!!!!!!!!!!!!!!!!!!!!
then jackpot the black champers is flowing..enjoy the ride everyone that's in
Waiting for the turbos to kick in. Bloody MM’s
I ain’t seeing no boom!
...........BOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The perforated interval covers the entire Yamna formation, with log interpretation confirming it is all oil bearing with a net pay of 156 meters. High penetration charges were deployed on a TCP gun run in hole via drill pipes. The pay zone was subsequently washed with acid to remove potential formation damage from mud filtrate and a clean-up flow started. The well has flowed an average rate of 150 bpd of oil during the last 24 hours of clean up. The well has already been connected to the oil tanks in the area of the Blazh Mon 3 well and the produced hydrocarbons will be diverted from the test tank into the Blazh-Mon 3 tanks at the end of the clean-up.
150bopd while clean up