Member Info for AquaeSulis01

Seems sound advice bunsen, I too read the RNS this morning and personally thought it good enough to drive the sp North by a minimum of 10% with a poss max approaching 150p so delighted to have been able to just buy in at a price of 104.17 no matter what the sp holds short term. The PE is less than 1 which is crazy for a company who haven't racked up a big debt pile in a scenario where the Govt is looking to drive recovery through investment in construction. Can only assume Blackrock is busy selling their remaining holdings into today's price rise.

Should have mentioned the company is discussed at 12.01

Hi, just dipped my toes in the water with small investment here whilst listening to a podcast that covered one of my other investments (Open Orphan) and this company also got a mention straight after. Hadn't heard of Tertiary until today but podcast stated some compelling reasons to take an interest

https://ukinvestormagazine.co.uk/podcasts/

https://www.cruise.co.uk/bulletin/new-eu-recommendations-for-cruise-lines/?

Planted, from the Apr Production RNS "After retrospectively analysing the drilling and petrophysical data with the benefit of the EPS data the following conclusions have been drawn:

· a 10m high permeability water bearing zone has been identified within an interpreted 40m producing interval in the 205/21a-7Z well;

· a 10m water zone has also been identified in the 205/21a-6 well, however this water zone is more distant from the interval currently producing;

· produced water from the 205/21a-6 well is therefore interpreted as being drawn from the perched water zone intersected by the 205/21a-7Z well; and

· current individual well water cuts of approximately 46% in 205/21a-7Z and 7% in 205/21a-6 during April are consistent with this revised interpretation, noting that the 205/21a-7Z figures were impacted by high water cuts immediately after a shut-in at the start of the month.



The behaviour of produced water combined with the drilling and petrophysical data has led to an interpretation that the water produced by the Lancaster EPS is being sourced from a zone of 'perched' water. Perched water is isolated from the underlying aquifer and therefore has a finite volume relative to the life of the field. The perched water model would imply that once a constant production trend has been set, water production levels should stabilise over time and may eventually decline"

So two points, there is more than one area of perched water with estimates as to the length of the zones, and the word "may" eventually decline is used i.e. may mot drain away. Until successive production reports indicate stability in the watercut, then many will remain on the sidelines and this sp will stagnate

Don't forget Chim has two directors and the other guy is pretty impressive as well. https://www.linkedin.com/in/martinschuttencvad/en

Where did you get your figures from Kap? Presentation slide states "Estimated EBIT break-even point for challenge study
clinic of ~£13m revenue i.e. 3 – 4 typically-sized studies and a unit utilisation rate of ~45%" hVIVO 24 bed quarantine clinic, – can be made into 3 zones of 8 beds each so as to run 3 different vaccine company’s studies at the same time. The average study takes 2-4 months
in clinic time

You'll only have another week or two to wait to find out whether the 15K has been maintained during this test period, or if something less or more leads to the stable watercut being sought by the company. Until then the sp is likely to remain at this level.

"Both the 205/21a-6 and 205/21a-7z wells are currently flowing with use of the ESPs and delivering combined production of c.15,000 bopd. The Company plans to continue testing both wells on ESPs for a short period of up to two weeks before finalising its near-term production strategy. Further updates, including a stabilised water production rate, will be announced in due course."

https://www.technologynetworks.com/biopharma/blog/13-covid-19-vaccines-are-in-human-clinical-trials-what-are-they-336738

Asymptomatic patients 'should tell GP if they have Covid antibodies in case of long-term effects'
Former Public Health England consultant said if doctors did not know about a past infection they could not deliver the best treatment

https://www.telegraph.co.uk/news/2020/07/11/asymptomatic-patients-should-tell-gp-have-covid-antibodies-case/

I would imagine the reference is to cruises embarking from UK to Caribbean , Scandinavian Countries, Christmas Markets (if they open). That said, I have been on many cruises and have an outstanding cruise yet to be cancelled) in November from Singapore through Thailand to Australia which I will be gobsmacked if it goes ahead. The experience onboard will be very different with probably only half the passenger capacity allowed onboard, tables for two only in the restaurants, and reduced entertainment, not really sure how the cruise companies will make a profit

Quite relaxed and have added to my holding, don't forget ASCG has invested £25m in return for a 15% stake in the company at 60p which potentially opens a few doors in terms of construction work in developing countries

Excellent podcast. One thought, re the availability of lab/clinic to test the Psoriasis product, has Stuart approached Open Orphan?

wallyj,

Re "CF previously said they'd been inundated with requests from employers for the antibody testing, now they're apparently taking a bit longer to secure longer deals with these companies." Cathal explained that the strategy has changed from a pure antibody test that may only prove popular over the short term, to a more sustainable income generation by expanding the test to differentiate between covid and flu

That is by far the best presentation Cathal has done; measured, plausible and controlled enthusiasm and optimism underpinned by realistic financial projections. Really excited about the future.

To some extent the nature of the water cut is immaterial since Hur announced in a previous RN S that there was a suspicion of a second perched water pocket causing inteference. Going forward it will be far more problematic trying to avoid perched water pockets with future drills than just drilling shallower holes to avoid aq uifer water contact.

The Formula Fishboy = Filter works for me

Very sorry the day traders are disappointed with the lack of instant gratification, for LTH's it very much does cut the mustard. Slow and steady delivering on promises is what we are seeing from a CEO who has his very substantial personal investment locked in for 3 years. Much rather read this sort of regulated news than listen to the sensationalist interviews. Well done Team OO

Sad day to see HUR slip out the AIM 100

As you brought up the analogy of crops Fishboy, this article is well worth a read and equally applies to the story playing out at OO

https://www.telegraph.co.uk/gardening/mandg-chelsea-flower-show/patience-pays-off/