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Maybe that’s what the large tanks are for
In fact, looking back on the X account, it would appear testing actually commenced at the end of April so that 20 bopd was certainly not being pumped out 💪
Is that the 20 bopd was pre-clean up. It was recorded on the 16th April. The clean up operation has allowed Zac Philips tomrefer to this well as hugely successful which to me signifies a lot more than your 20 bopd Pboo. If you will remember. The well was completed and there was a period where equipment was being taken away and test equipment being installed. I am not even so sure that the beam pump was even installed then so it could well have been free flowing at the time.
2nd April, prior to cessation of drilling. The 20 bopd was before clean up commenced. Do you think as this clean up process continues, there will no increase? Hardly a huge success if not, is it. 🙄
Pboo. That 20 bopd was recorded whils the drill was still heading to target. Long before completion. Look at the date it was recorded and stop being such an ar*e.
Flow rate
https://twitter.com/WealdOilers/status/1788915308255727906?s=19
Uggly100
They are not my flow rates, that is the average flow rates from wells in the area. Reach oil's other wells in that area are producing on average 33bopd per well. The official USA figures show Andrews-1-17 as flowing at 20bopd, yes it could increase and I hope it does. Time will tell.
CT5
Not negative just factual comments against your fictional comments.
The USA well data shows it as flowing at 20bopd, now that might increase after the well cleans up but can't see it getting to your 150bopd.
20bopd is classed as a successful well in the USA.
According to official figures, Reach Oil have 7 low cost wells in the area each producing on average 33 bopd = 231bopd.
Ooops, mixed my R with an F but i'm sure you know which well I refer to 😂
Is all guess work, nobody knows whether it will be in line with estimates, better than or worse than.
However, one would have to agree that it's been referred to as a 'major success' in the first update to confirm drilling completion, 'hugely successful' in yesterdays presentation to US investors, is declared commercial and frequently updating the Twitter account with progress pictures of the permanent production facilities beong installed that it all leads to something a lot more than the 20 bopd bandied about on here. There would be a massive loss of face and confidence if the company were putting out such a strong message to discover it was no better than a rejuvinated old stripper well. The feeling I get is that the flow rates are going to exceed expectations when they release them and this is the reason the company are already on their way to drilling the Andrews2 well.
Herhert, in reality there are only two main people of negativity on here excluding a couple of anti-fossil fuel protestors, they are Heid and Pboo. In fairness to Pboo, he does stick to his agenda, 100% negative. Heid on the other hand hops back and forth by the day. One minute David is her angel from heaven, usually on every penny rise. Then he is paud too much, too old, doesn't deserve a nice home, you name it, she says it.
Https://www.youtube.com/watch?v=5zaQgbACc1E&ab_channel=DisneyPlus
just my view on some of the negative people on here currently.
You choose your characters !!
Pboo you are so full of crap it's frightening. Why don't you ddtop your insinuations of 20-30 bbopd & admit you haven't got a clue what the flow rate will be.
According to the RNS of 17 April the audited results will be published on 20 May 2024. My own thoughts are that the dividend will probably be announced at that time.
GLA.
4.75%, now 5%. Wow, maybe it will be 10% by Monday 😂
Hi milnrowmug. I tooam hoping that UJO will turn out to be a far better than average AIM oiler and, IMO, it's doing all the right things. Assuming the board decides to announce a divi fairly soon, perhaps along with the annual results, what do you think the right yield is for a £25 million mkt cap company? IMO it should only be about 1% or so. All the best, GP
Yes, Well at least I did not load up here at last year's AGM price of 32p to 24p today or I would have been on a substantial loss instead of getting all my money back yesterday with a nice 5%
As I say, we have the family holdings an hopefully we will one day get a return there too.
It is risk reward like Zac said yesterday.
'how’s your Goverment bonds doing Heid? That’s not investing it’s called savings'
Its not even saving. Most bonds are 5%. In today's economy taking real inflation into account, anything under 10% and you are not even treading water, you have actually lost 5% in the last year. Inflation is a clever tax built into the system to keep the majority of 'normal thinking' people poor and in poverty unfortunately.
There's nothing wrong with bonds if younwant a secured return. Your return on say for example on £5000 would be £237.
Investing in Aim, a £5000 investment 'could' return an extra £5000 or more. It's a gamble and it is all about research, economic conditions, government decisions and a bit of good luck. For me, seeing a company making all the effort Union Jack do, encourages me to believe I will almost certainly see up to a 300% increase from this level. That is not unlikely and I am not a dreamer. The SP hit 50p on pretty much nothing other than the government saying fracking would be allowed and Union Jack don't even frack 😂. So I say support the company to get there, every shareholder should be able to see the potential here and anyone who spends their time being constantly negative after everything we can plainly see what UJO are doingnquite simply has an agenda to destroy positive sentiment.
My first bond matured yesterday an I got all my money back with 4.74% interest
I have quite a few more to mature this year an I will get over 5% on the majority
I fixed two more bonds yesterday with Hargreaves so they will be rolling out regularly from now.
I do not believe it is a good idea to put all your eggs in one basket an to split the risk.
We have our holding here too so let us hope one day we see at least 50p with regular dividends.
The divi, even at .02, will signify to US investors the aim of the company to pay them as they expand operations and increase revenues. I believe the company has a vision amd plans are being put in place to realise them. The UK oil and gas sector is finished so far as any expansion is concerned and it seems to me the focus is now going to be in attracting US investirs in. The size of the divi is irrelevant to this goal, it is the longevity that counts and you eother trust the management to achieve or you don't, you support them or you don't. For me, the future IS bright 💪
To pay a dividend of 0.2 is just a total waste of time and money. Yes DB can say we payed a divided but lets face it, it woul be a waste. I would rather see them buy back shares.
Heidi is desperate for attention because she is a failure, whatever the well is producing and no one knows this yet as it’s on cleanup it’s a producing, commercial success. Let’s stat drill the next, how’s your Goverment bonds doing Heid? That’s not investing it’s called savings.
CT5, the stripper wells article might have relevance if the Reach wells he mentioned on this thread are mostly of that type, old; hence newly drilled are atypical, not average. Give it time, we will be told.
Joking, Pboo amd Heid are just being negative for the sake of it and are best ignored. Everything is pointing to a lot more oil than they suggest, the confidence oozing from the company backs that up. Pboo always tries to make everything negative, look at his link yesterday to information on stripper wells. What has that got to do woth the Andrews well? Answer:NOTHING.
He is desperate for failure and Heid is desperate for attention.