Member Info for Adw198

November 24

“and production is currently choked back to a range between 200 and 300 bpd. Whilst this is in line with our pre-production aspiration for an initial stabilised rate, the indications of sustained potential for the well to produce at higher rates are under review, to see if modifications at surface can be made to increase the stabilised flow rate”

November 25

“This equates to an average production from the well over the year of 164 bopd. The water cut remains stable at c. 3%. The production of Heron-1 is trending in line with that observed in the basin as a whole with current daily production of c. 145 barrels. Performance to date is comparable with some of the better producers in the basin.“

@wigster

MB or indeed nobody else at the company referenced it be able to do 800+. It PEAKED at 821bopd in text and as I kept saying peak isn’t a sustainable average. They did however say they expected the initial 200-300bopd to increase. Infact it went the other way.

The company told us $4m to bring a well to production.

Do I believe everything the company tells us - no.

Do I believe they deliberately and falsely inflated the costs - no.

“It might be a work in progress?”

Yes fair point Thorn, I said something similar myself. I’m marginally thinking that’s the most likely outcome / explanation - also based on what we’re told are the latest satellite images

@Doc I agree 345bopd covers basic running costs give or take.

But obviously there is significant capex required to achieve even that. We were told it’s $4m to bring a well to production. Heron 1 we were told was one of the better producers in the region and that only managed 164bopd in its first year, declining every update. It’s not a quick pay back is it and that’s before we factor in the non producing wells they need to spend money on. I suspect there’s good reason they don’t ever give projections etc.

@front

That’s exactly what the RNS was . What we think it might imply is a fair thing to speculate about.

But when you say “If H2 was officially non-commercial or shut in, the company must disclose it” , why doesn’t the reverse apply, ie wouldn’t they need to disclose it had been brought to successful production?

“I'm surprised that anyone thinks that the Red Dot will come at any time other than Tuesday morning”.

Agreed, the RNS update in March came the same day as the scheduled AGM.

In part I felt it was so the news wasn’t fully digested ahead of the meeting.

As I said earlier, price and volume holding well today. I expected a drop off because that was a serious move based on the announcement of a presentation!

@mimbrit

I was initially going to say sorry your side broke the deal, so all bets are off. However, I’m mindful you acted in good faith as I did, so I’ll offer a final chance. If Gravy (et al) can stop referencing me I’ll walk away.

My only caveat is you a) confirm you’ve seen evidence of my former holdings and b) answer who has given more company related commentary today - me or Gravy?

Cheers

Ha Gravy, what abuse is it you’re alleging?!

I’m not retired but when I’ve got a bit of time over xmas I think I’ll set up a blog collating all your comments here Gravy. It’ll be hilarious seeing all your ‘contributions’ in one place.

I’m equally enjoying the state of the nation politic address by Proquo amongst others.

I do agree rural France is a lovely place to retire, but I hope when I get there I’ll fill my time better than lecturing politics on a share message board. And I’ve got a degree in the subject!

@doc

I did enjoy reading Thorn telling us he’d sold at 1.50p. Fwiw I do believe him - because it’s his usual modus operandi (look it up lads, it’s Latin) to tell everyone else how great things are whilst selling himself. Suspect we’ll hear alot more of his ramping posts, usually topped with a pithy one liner at the end. :)

The RNS I agree was promising, as were the latest satellite images. Always good to be objective and react to changing information.

Pretty surprised to see the extent of the rise tho, reminds me a little of the crazy jump up in March, a week before the AGM when similarly most here then said there must be massive game changing news. In fact it appeared to be just MM games dragging it up for a split second as it crashed back down and then the AGM revealed very little.

If H2 is commercial I’ve already said it’ll shoot up (again, see objectivity). I’m struggling to see how they’ve not had to release that news to the market asap, but I suppose they can point to waiting to see its stabilised flow. Perhaps they’ve just chanced it as they alluded to doing last year (I think MB said we might just suck it and see).

I still wouldn’t be at all surprised if it wasn’t commercial and alternative reason for the Investor Meets could be they want to pump some other (good) news / jam tomorrow.

Either way I suspect the Investor Meets will be a more compressive update of other parts of the business - especially Renewables of which little is known really, especially in terms of timeframes.

Tuesday will be fun, fortunately I’m WFH so can fully digest.

_____

Some funny stuff about Norwich Pharmaceutical Orders which I understand to be expensive. Just email me if you want to contact me lads - I’ll happily discuss with the FCA any concerns they had with me laughing at Investors pompous charting lectures :)

@Kev

I expressed scepticism that someone had managed to buy for 0.90p yday and said if they proved it I wouldn’t post again. They proved it so I was happy to honour it. I just had 1 condition that people stopped goading / referencing me. Bizarrely the biggest cry baby of all Gravy can’t help himself .

So looks like I’m back and everyone can thank Gravy for that - my apologies to mimbrot (who at some point may even share I proved to him my former substantial holdings here.).

Gravy’s goading post to you Kev on a day the SP shot up sums him up tho - just desperate for conflict and nothing to add.

I’ll share my thoughts on the RNS later.

I’m judge and jury on this one Gravy.

Even then I gave you 1 free hit and you doubled it and posted twice.

Final final warning now.

Send me evidence of the buys I gently queried (and immediately received abuse for) and I’ll stand by what I said.

I’ll give you a week to let the message filter down to all the Telegram lads and get yourselves organised and after that all you need to do is keep my name off the board.

Seems fair to me.

Separately I’ll still meet Dozzerwba because frankly he needs my help as he’s been tricked

@pilsbury

Here’s the tweet / images I’m referencing

https://x.com/danmavr/status/1996659594584903917?s=46

@master have you seen Dan’s tweet seemingly showing a reduction in equipment at H2.

Genuinely interested in your take

Ff08@hotmail.co.uk

I assure it won’t be onward shared / used. If what you say is right I’ll honour my statement. However (and apologies I should have said this earlier) my only condition to me not posting again is people stop referencing me. I’m not having people making false allegation about me / my child.

Hopefully im being fair / transparent.

Imagine claiming to filter someone and being so obsessed they make 5 separate references to that persons daughter in a single day.

I’ve proven my holding, shared my email and even offered to meet Dozzerwba in his Asian mates pub to prove the same. No takers so far.

“Bot 200000 @ 0.9000 on LSE Filled 4:35 PM

Bot 17670 @ 0.9000 on LSE Filled 4:35 PM

Bot 182330 @ 0.9000 on LSE Filled 4:35 PM

Bot 200000 @ 0.9000 on LSE Filled 4:35 PM

Bot 17670 @ 0.9000 on LSE Filled 4:35 PM

Bot 182330 @ 0.9000 on LSE Filled 4:35 PM

Bot 100000 @ 0.9000 on LSE Filled 4:35 PMBot 100000 @ 0.9000 on LSE Filled 4:35 PM”

Send me a screenshot showing your BUYS at these prices and I’ll never post here again, because frankly I think it’s not credible that you bought lower than other people were selling.

Prove me wrong