Member Info for Adon30

Forecast is saying it will get well into the 20's by the weekend (70-80F) so a great improvement in the weather to speed things along

It has been drying up and getting warmer. Ground doesn't seem as wet.

Still no (obvious) flaring at state 36. But equipment moving around on pad so there is activity.

So far, no flaring has been seen at State 36 well. This could mean several things:

- They have not started test....
- The satellite passes have missed the times when they are running tests (I could not see the flare when they hit the natural fracture)
- They are reinjecting the produced gas to maintain well pressure
- There is minimal gas to flare so we are not going to see much and it is mainly liquids being produced....

That is for the Perrier ;)

There have been updates to the Dominion Green River Pipeline Permit... if anyone has been paying attention?!

If they are buying they are only doing it as 'back up' money. They are not deleting the shares. They are holding them as a rainy day fund.
All the shares they have previously bought have not been deleted.

OMG All I mentioned was 110% oil as a 'tongue in cheek' comment and people turned to Tar... LOL
Of course there will be some gas during flow. These reservoirs are under huge pressure underground and expand as they are released to the surface.
There was a small wet flare when they were drilling. Nothing like what they had at 16-2. If we see a flare like at 16-2 then the Bopd of fluids will be huge in comparison. Only if we have no cloud cover on satellite images mind.

Cloudy on latest pass anyway so can not see anything

Antha, if you had a short on SENX you would have made even more.

Looked the other day...

There was a rig....

It is going to be 110% oil.... No need to flare ;)

https://www.malcysblog.com/2023/03/oil-price-zephyr-wentworth-egdon-predator-webinar-and-finally/

There's the 6p that JA promised us all.
He needs to learn to keep his mouth shut. Paid half a million a year for this shambles

I posted this over a month ago and can now fill in the blanks. And unfortunately also nearly at the 6p I said with the latest set of results. Really disappointing. No idea what happened to Veg....
Let us hope that my double in 6 months comes true as well.....

Let's play spot the trend.....

Q2 2021
o Romania - 1,442 boe/d
o Tunisia - 570 boe/d

Q3 2021
o Romania - 1,242 boe/d
o Tunisia - 568 boe/d

2021 Avg
o Romania - 1,078 boe/d
o Tunisia - 571 boe/d

Q1 2022
o Romania - 610 boe/d
o Tunisia - 505 boe/d

Q2 2022
o Romania - 485 boe/d
o Tunisia - 521 boe/d

Q3 2022
o Romania - 421 boe/d
o Tunisia - 517 boe/d

Q4 2022
o Romania - 379 boe/d
o Tunisia - 510 boe/d

Didn't they have to resubmit the state 36 permits tough as they changed the plans? Plus they had the BLM permits as it was a new (ish) well site.
State 16 is an existing site with the vertical already drilled. Hopefully the lateral permit doesn't take too long.
On the plus side they have production facilities on site for when they test.

Found my post from:- 08 Mar 2023 09:11
Seemed like much longer ago to me but less than 2 weeks!

That is exactly what my thoughts were a month/ few weeks ago and on one of my posts.
They are abandoning drilling the 36-3 C9 layer at state 36 (for now) as the 36-2 well will be more prolific and not require all the gas infrastructure which could take a while to get sorted. They can use state 16 as a further exploration well to investigate the overlying layers and not disturb any production potential.
State 16-2 lateral was only a short 4000ft lateral so would need drilling further to make it more economical (plus the infrastructure).
All makes perfect sense to me

“ Money in the bank down by 4 million. ”

They paid all their golf course fees…..

EOY average production rates for Romania down. Suggest q4 was bad so not much hope for q1 results. Only high gas and oil prices have kept them going through the year. These have dropped since then.
No point having a water injection well if wells are hardly producing anymore.

Nothing on Tunisia….. just the old guff that was already issued.

https://wp-predatoroilandgas-2020.s3.eu-west-2.amazonaws.com/media/2023/01/Drilling-Update-MOU-2-01-February-2023-final-29012023.2317pm.pdf

Page 13, unlucky for some…..