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Put me on ignore by all means, but everything I said was true.
Its common knowledge the CPR wasnt published so BOD could get the nearby acreage on the cheap otherwise there would have been a bidding war. The CEO said a further CPR will be released now that they have drilled and that will be done by Forrest A Garbs. Have to correct you they drilled in 3 weeks and ONLY tested the non productive zones (bottom up) have YET to test the productive zones but to do it right they will need the assistance of a specialist company just as they used a specialist company to do the initial drill. Flow test will commence when the specialist company starts why pay for work when its not required yet very shrewd of the director with only 42 millions shares in issue if we needed money its easy to raise with minimum dilution. This is not BPC will over 1billion shares. in the q&a the director said we're fully funded for EB2 drill I think the its about time the company took legal action against those who are not invested but continually bash the company and the trolls on the bb I can recall everyone said the Falklands was a waste of time yet Rockhopper hit the black stuff on their maiden drill, the same about AOI drilling in Kenya and so forth Yet I know you know this all this Hoper and you continue to troll for someone not invested and to seed the doubt in peoples mind and on that note i shant feed your trolling and put you on ignore
Just my opinion, but USOP paid for one CPR and refused to publish it, they did publish the covering letter which graded any reserves as "prospective". They have since done an awful lot of drilling and have been unable to produce a flow test, they have suspended work on site and that to me indicates a lack of funds. Reserves classed as prospective, no flow test, suspended work, setting lawyers on BB posters, the last two operational updates via RNS were rather downbeat. It just doesn't sound very hopeful to me - with no commercial oil they may just be worth a penny or two a share at best.
Hmmm. Really Hoper? Would be very interested to know what you value the share at and how you arrive at that valuation. Always good to share opinion and understand others logic. I don't agree with you that this share is "way over valued at present" but am open to alternate views.
So 750 shares traded at $2.50, again that's quite some mark-up!
Thanks for that. That sounds quite reasonable. The blink of an Eye in the Oil exploration business ! Nice option to have then.
From start to finish 1-1/2 weeks .... once rigged up the fraccing only takes a few hours .... but then you have all the other bits to do.
We all know that the calendar is not smething he carries around with him but he will be looking to try and keep to it, whether we get news re w/o drill in the next 3 days or so i m not sure but i would be surprised if we dont hear about something
http://www.youtube.com/watch?NR=1&feature=endscreen&v=k3n7sPYytQY http://www.youtube.com/watch?v=cEmadgNz9vI
Hi Rigsuper, you mention Fraccing as a desirable way to proceed. Hows long would something like that take if they decide to proceed. Lets say from making the decision to getting Oil out ? Cheers !
That's right 150 foot "min" ... that could even make lapetus dreams come true. :o) Happy days all ... just time thats all ... I can wait.
Yes.......what I've been saying. Everyone prospecting will dream of what we ALREADY have.
Thanks for that .. nice to see we got a mention .. hmm wonder if thats whats taking the time. It would take 3 days + for a risk assessment to be done ... maybe longer. I hope we do frac it ... it makes all the difference ... big style.
We all dream from time to time......but the new CPR will be an eye opener imo. Lots of chatter on the bbs after it comes out i'm sure.
I know.....but he is who he is...and it's that exact characteristic which will reap us the rewards here. Frustrating I know. I'm not saying it will be long before news though.
Wiggy, many thanks for the replies. $20/bl would certainly do for me given the volumes we potentially have and understand why you would use the higher figure based upon our location/infrastructure/demand/security etc. etc. After a drink or two at the weekened I sometimes dream of 250/300mmbo @ $40/bl. Can almost picture myself on that beach.... then I remember about all the money i've got stuck in RMP and come back to earth with a bump!!! It'll come good one tho! Thanks again.
I don't really agree with 'when Brians ready' I appreciate his time-scales always are a bit 'off' to put it politely, but this lesson should have been learned by now and I'm sure he knows his workover estimates where 'slightly off' ;-) He said late Nov early Dec, I know the fundamentals are still very solid, but it's helping nobody if he is going to set time-scales then consistently not stick to them!
Thats the problem I don't have one .... well only the wife ..lol
It will come when it comes. When Bwyan's ready. Lots of news in the pipeline......as well as oil!!!!
'How does that work then and did BM actually say he would expect $25 - $40 on take over?' The norm is $10 per barrel recoverable. I take $20 for my figures because of where we are. But yes.....Bwyan has quoted $45 I believe........... But $20 will be a very big number when all is said and done.....IMO.
Better have some kind of RNS, even if they say we're looking to resume in January, fine if that's the case, just don't leave us all hanging! An ominous news vacuum is going to be good for nobody.
RNS on the company's terms when possible. Tonight would be nice.
might be interesting.
Ok here.. Glad to here your Fine Soos & i were worried that you hadn't been posting X
Anyone know how we're doing? Feeling lazy.