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8p per barrel value would be stonking considering the October 7 day flow tests showed 800 and 1500 bopd from one of the four layers. Times that by 4 and I would be a happy Xmas multi Millionaire. Chocolate anyone ?
Oil doesn't need to gush for a re-rating., A steady flow near 1000 bopd will add value. I hold loads of Angus and a few UKOG as an insurance policy . We should know on Angus by Xmas and good news hopefully will generate a sustained upturn with 5 further wells to come.
I think one or more of the institutions on placing are day trading them to generate their Christmas bonus. It must be an easy share to predict with their super computers and there is so much activity that looks like automated trades
Go back 10 pages in comments and you will find posts like this about flow rates
"And let's keep our feet on the ground.HH initially flowed at 3000 in 2016,but as Vonk himself admitted,flow rates fall and stabilise In the hundreds,rather than thousands.
400 or 500 stable bopd would be an excellent result from Brockham"
We need a thirty day flow rate to see drop off. To settle at 2000 bopd I would expect at least 6000 bopd in the initial phase even though its a much deeper drill column than HH which from memory settled at under a third of initial flow. The flow rate we get before Xmas will be indicative only and unlikely to be anything like the long term reality.On the upside we should be able to multiply it by 3 to 4 times for multiple /octopus drilling
And what is Vonk going to reply ? Dear Schoolboy with £50 of shares here is some confidential and strategic information - dont tell anybody....When are these pompous posters going to get real ? Just be patient and try to be grown up. Its a bulletin board and we are minor shareholders not the Company strategists