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It's why Lenigas is like Marmite around the market
Big rewards for early supporters (love him) not so much for those jumping in later
(hate him - dilution time)
Main Market listing , ULTRA Low MC and it is always about MC not sp
(moving goalpost) current share base PPP is only
£09.4m at 10p
£18.8m at 20p
£28.2m at 30p
Not exactly challenging targets , for an Oiler with a multiple large laterals Horizontal drill
plan in Texas and plans to drill HH-3 with UKOG later this year, additionally, looking for
additional assets to add to the portfolio.
Remember many a non revenue, non production , rainbow chasing junior has hit MC's
of £200 - £500m in recent years, the likes of 88e Multiple times, chasing a sweet spot.
How does MC £94m and £1 a share sound, lol
With the master of Dilution on the rise Lenigas (what's now KDNC 0.04 to 1.35p then multiple
raises at 0.8p and above - early entrants made a killing and he has rinse repeated that method
on many other shares)
Equate that to 4p to £1.35p , raise at 80p lol
If only Carlsberg did PPP finance..........GLA
Oh hello
a little FOMOF to end the day
Fear Of Missing Out Fridays, the modern 2.0 WNWTBOOTOTW, lol
Strong finish, we go again Tuesday.........GLA
7am rns o'clock RNA Message update ?
Sure is
if you go to the Eastern seaboard, you can throw a random well in anyone's
back yard and will hit 5 to 20 bopd
Its an area many London Juniors have cut their teeth on, lol
Really is oil land
Never given a rats about any BOD , in any share over the years
most would give Charlie Caroli & co a good run for their money
Only ever interested in the , IS the asset likely real and have the potential
to do the talking , vice the often clowns in charge.
In this case , prolific oil discovery area, in an established formation, with a
top notch Drilling company doing the REAL WORK, PPP has all that. GLA
Buy limits in place
When it comes to Texas oil wells ,in the Austin and Eagle Ford, mostly
naturally fractured and can flow like you would not believe.
Ya never know until ya flow
Was in an Eagle Ford Texas years ago, we all moaned ,ffs its a duster when they
reported a mere 6 ft of net pay, it flowed over 2400 bopd
On the other hand in a North Sea 600ft pay, very heavy oil, they could not flow
more than a thimble a day.........
Prolific area, big lateral , now we wait..........GLA
Check out the mgmt first then invest
Good luck folks..... :-)
wow!!!
didn't know this
"A reservoir in the Austin chalk could be just 20-50ft in the vertical, exposure*
***increased 50 fold via a true lateral 2,500ft v 20-50ft***
A reservoir in the Austin chalk could be just 20-50ft in the vertical, exposure
increased 50 fold via a true lateral 2,500ft v 20-50ft
Looking forward to next week :-)
Highly prolific area, you do not drill to such depth and then add a 2,500 ft
lateral on a more expensive HORIZONTAL drill, to gather fresh air.
That's what much cheaper , exploration and Vertical wildcat wells are for.
Bigger clue in the RNA message - 2500m Horizontal lateral through reservoir
PRODUCTION well
I think the turntable needs a nudge.
this is a massive Clue
*****Glad we hit the big fracture zone. That’s exactly what we were looking for**Why are fractures important in drilling?
Fractures are important in engineering, geotechnical, and hydrogeological practice because they provide pathways for fluid flow. Many economically significant petroleum, geothermal, and water supply reservoirs form in fractured rocks.
Why are fractures important in drilling?
Fractures are important in engineering, geotechnical, and hydrogeological practice because they provide pathways for fluid flow. Many economically significant petroleum, geothermal, and water supply reservoirs form in fractured rocks.
this is a massive Clue
*****Glad we hit the big fracture zone. That’s exactly what we were looking for****
massive Clue what's coming from Texas #PPP
only £3m Mcap
Chairman says, "Positive as always. The fracture zones we hit in the main target took a lot of drilling fluid. So we have a fair bit to clean up. Glad we hit the big fracture zone. That’s exactly what we were looking for."
Bigger clue in the RNA message - 2500m Horizontal lateral through reservoir
PRODUCTION well
massive Clue what's coming from Texas #PPP
only £3m Mcap
Chairman says, "Positive as always. The fracture zones we hit in the main target took a lot of drilling fluid. So we have a fair bit to clean up. Glad we hit the big fracture zone. That’s exactly what we were looking for."
Unless they changed plans, the long term plan was McRae the ultra experienced
USA boots on the ground. Drilled several hundred wells, pro's in the field
flow tests will give the yeild, this could get crazy, with forward plan for
more wells,USA and UK AND currently a Market Cap,down in the flooded basement
It's always about MC , sp for investing today/traders, MC for Investors
in for the journey, not just the next spike. GLA
McRae Inc. is a family owned and operated business with more than 60 years
of drilling
McRae Inc. has developed tried and true drilling methods many competitors
have never heard of, and it’s made us the best we can be.
24th April RNA message , still sits with others (basic 30 sec research)
The PUMP has been INSTALLED and was started at around 17:30 Houston time last night.
A period of clean-up is expected to recover load water added to the well during the drilling
of the well and the operator plans to bring the well on slowly.
The well was drilled to 10,195 feet MD with a 7,632.22 feet true vertical depth ("TVD") having
reached the target and penetrated the crestal portion of the microfracture swarm. The WELL
WILL BE PRODUCED over an interval of 2,500 feet of open hole within the Austin Chalk.
The Whistling Straits 5H well is the FIRST WELL to be drilled under its recently signed
Participation, Development and Option Agreement
Well known outfit did the drilling (hundreds of Horizontals in their CV) and unless plan
with new partner has changed, the previous phase 1 , was for 10 well's initially.
As for above, they could not spell it out any clearer, slow clean up of a PRODUCTION
well..........GLA
oil show was mentioned in April RNS
looks like we can see last batch of placing overhang. result could be soon and mcap can easily jump to 20m on good news.
now we are just 3m mcap
opportunity to buy in imho
PPP TG? Not TH….