Member Info for Adon30

Why do you think there is a pre built gas processing facility already on the WSU land??

Have a think about it.... There is so much people are missing and so much FUD that has been posted the last few days. Lots of clues in the latest RNS if people look as well.

But DYOR

There's the big sell that has been worked all day.....

Https://twitter.com/ProspexEnergy/status/1678702842704547842?s=20

Basically. More and better knowledge of geology. So they knew what and when to expect so changed drill rates/ muds etc accordingly.

Also didn’t intersect a shallow gas section like mou3 which required extra attention hence the higher diesel burn rate there.

MOU4 always had less gas targets than mou1 or mou3. It was always a drill to prove the extension of the sands and a free shot at understanding Jurassic geology. The drill has done exactly that.

Why complete a well for rig less testing with all the costs of that if there is nothing there?

I never expected mou4 to be the prolific well for CNG but more to prove resources and extension. They have 43m of potential gas sands to test to prove this. Remember this is 5km away from mou3.

Investor presentation on Wednesday

A lot more information to come.

Https://twitter.com/TouchstoneExp/status/1676275324143960064?s=20

It is in an area with plenty of oil infrastructure with the facility being down the road. Rig has been gone for over a month.

An optimistic view would be that it is completed and they are bringing the flow rate up over time as the well cleans up. Ready to RNS a successful flow rate.

Pessimistic view would be that they are waiting further equipment that is on long lead times or there is no flow from the well.

As the company will not communicate freely then both are good guesses...

Yes and not sure. Would expect something soon but July 4th tomorrow so they may wait until after that…

I noticed another company have paid US$8.2/2P boe on a deal. That's oil, gas and condensates on a small stake in a field.

I'm just hoping we don't get a 7am 'Not again!' one....

Auctus provided details based on the 6th June RNS but have taken 3 weeks to issue it. So it is out of date for the time of issue but correct for when the information was given....

I have spoken with CH who has confirmed that the Auctus note is incorrect.

He would not provide any further details but confirmed the 6,500 feet as being correct on 6th June. The company will update the market when next milestone hit.

I expect this is imminent as he would not go into any further details. So hopefully an update on completion of checks and cementing of pipes.

Hope this helps put peoples minds at rest. (And those that can't be bothered to do their own research.)

….maybe not.

The question is: Does JA take a sand wedge or a 7 iron to get out of this SP bunker??

Looking back at the agm voting it seems that there is some board room shenanigans happening. Someone or some group tried to vote off 3 of the board and have a swipe at JA. The only person untouched was AF (General Melchett) and then they resigned! I’m not sure exactly what they are unhappy about on their massively inflated salaries….

Keel, rig was on site Sunday. Myself and NickN worked out the changes.

Well done for spotting the pad construction there. I’d forgotten Lonny had tweeted about it also.

It is 4.5 km away from mou2 not the 2.5 km in the presentation. So either a) it was a typo b) we were misled or c) they found an even better location to go after the Jurassic….

Rig should be turning shortly I’d think 🤔

IG - very good ones 😀

Glad I had a top up yesterday now 👏

Eyes in the sky 👀 😉

Possible activity on site. Hopefully it is the operational safety inspection underway or being signed off.

Https://twitter.com/ZephyrEnergyPlc/status/1673720548579213314?s=20

They moved the rig on the weekend and doubt the rig crew has gone far. Just depends if they have all the inventory to drill to Jurassic depth. If anyone went to the presentation recently were there any ideas on timescale of long lead items.

We know that they purchased well heads in advance.