Member Info for Adon30

Test plan submitted and equipment all booked. A good flow test at 36-2 and they could be producing from it in a couple of months.

As I’ve said. That is why you test and try things. They have previously mentioned the need for fresh water infrastructure to service the wells (one of my unanswered questions to CH).
I have also mentioned solutions they can add to fracking fluids/ water to prevent this. Unless they test and find out what is happening they do not know what they need. They have now tested so will go back with another solution.
This is a test/ proof of concept well and that is exactly what they are proving up along with all the university and regulatory bodies.

Cheers WS, I did not see that one. Not really paying much attention as written it off for now.
Needs Management to buck their ideas up.

Yes, 9m today, but the rns was yesterday and as it was a repeat of the one from 21st February we have no idea what the change was.
People (and Twitter) were pumping it first thing this morning that BR were out. That is before the 9m traded. BR could well slip a few into todays action and I think they will be happy for the pump to give them a bit more while they exit.
This was pumped previously around 20p. Lasted a few days and then fell back some more.
Plenty for the company to still sort out. And need to see what the Malaysia deal will bring and how they are funding it or what they are swapping.

Have BR really dropped 6m shares in the last fortnight?? Volume doesn't appear to suggest that they have. Maybe 1 or 2m.
If the RNS yesterday was corrected then we might find out their current position

Twitter rampers are at it again after their latest ITS failure

Who says that the workers are local? They haven’t carried out well testing in the last 51 years. Where is the local expertise?

Also, not everyone participates in Ramadan fasting.

They needed to have the test plan approved. Which they had to change so they can focus on extraction of commercial gas at MOU1 and evaluate current findings correlating to MOU2.
It is a requirement of all companies to have their test programs logged with the relevant authorities no matter where they are located.
The explosives transport is just a small part of it and is an extra requirement in Morocco. Seems that everyone has decided to pick up on that small point rather than the bigger picture.

Something else that slipped under a lot of radars, as not actually reported or communicated, was that State 36-3 lateral was finally approved on 13th January this year (2023).
For some reason approval was delayed as 36-2 was approved back in August by the UDOGM.

Rig was still at the W1 site on last pass. Haven’t seen any activity on the N2 site yet. Assuming I have the correct location for it…

EOY results in around 3 weeks time.
They will tell a story....

TC, weather is still poor. Been bad across central areas. I also heard that there was major drilling taking place in the bakken under difficult weather conditions as well.
Last satellite showed no signs of flaring at 16-2 so 2nd stage of testing there may have finished. Could still be performing pressure build up tests and wouldn't be surprised if they go back a third time. As that is what testing is for especially on a proof of concept well. Would expect them to push that one to the limits of capabilities.

Article from 1978... congratulations. Back then an Austin Allegro was also considered a good car....

I still think that it is someone with outstanding CLNs forward selling to exercise the CLN and maintain their holding. There were 44m shares in the July CLN issue. Think around 3m have been executed, roughly 8m are with the BOD so around another 30m to exercise at 4.25p. Was expecting a possible rns on it today but that was another 3m of share options.

https://twitter.com/ZephyrEnergyPlc/status/1627564458741563393?s=20

Veg, I have never actually been to Canary wharf... Think I have only ever been to London 4 or 5 times in my life.
I also do not see the point of ramping or deramping a share that has 2 or 3 shares a day. There are good points and there are bad points to these company. You need to look at both.
IF you actually look at my posts I expect SENX SP to be (at least) double but only in around 6 months time. They could surprise us in the meantime with something new. But based on what they have that is how I see it now.

Syste, the only good thing about this share at the moment is that the twitter 'pump and dump' brigade haven't destroyed it completely. Unfortunately we are in the painful period for holding this share. But this time next year Rodney...

I bought into SENX after the Sancrai-1 failure as looking at the company then it had good prospects. Annoyingly 2 years later it still only has good prospects. I want them to put those prospects into action!

For a company with a cash balance of $8.8m (at last published results) it should not have a MC of only £10m and the share price should be much higher. I think a lot of investors would be much happier if it were in the 30-40p range rather than 9p and falling.

Yes I would love to be wrong. As I have said no agenda, just facts.
It would be great if everything was rosey but it is not and you have to accept that. I invested here a long time ago when share price was more than double what it is now.
The problem with SENX is they refuse to update outside of the required windows. They have said this at presentations. They don't provide social media updates and will not give any production guidance. Ask anyone invested and they will tell you the same.
If you have only just bought in to SENX then it IS a good entry point. In 6 months time I am hoping for a much better picture. But right now and seeing how markets work I am not expecting anything from SENX performance.
6 months time YES, now NO.

I have previously posted the expected outputs for Tunisia production once workovers are complete. They need to prove these to their partner and keep them coming as this will improve things greatly.
They also need to provide a new plan to investors on Romania as the last one failed. Or look for additional acreage or action elsewhere while they have a pot of cash.

"have you looked at 36-2"

Looks like rig has moved off

Yes still flaring. That has been 6 days now. Hopefully running a good test and getting valuable information.