Member Info for bigspike

inflow testing, isn't this to test the integrity of the well post cement repair?

some people are under the impression ems x 1001 is going to start flow testing????? I'm under the impression ems x 1001 is having a repair! this is the reason the share price has dropped imo. Once the repair has been made and the 4 work overs are put into production the SP will go up. If you've got anything left in the back of the sofa, this is a very good buy in price.

i don't see anything wrong with the tweet, they were letting us know everything is moving as planned and this rns has backed that up. Expectations are too high....relax. These 4 work overs are going into production and once the stabilized flow rates are known they will be reported. I'm expecting 60bpd per well, 18bpd break even.

EMS 1001 could be special.

"In line with Company standard practice the well will be observed at these stable parameters for at least a further three days, after which a downhole pump may be run to provide some lift to the well to optimise flow parameters"

The flow rate could still improve yet if a down hole pump is installed!

· CSo-96 - so this well is being flow tested now, none of the others have started

· CSo-80 - completing connections to power and lighting. I'm assuming this is for the ESP

· CSo-104 - completing pump installation and connection to storage vessel

· CSo-21 - completing pump installation and fuel gas line. The fuel gas line is likely to be for power generation

An update on the Company's production from the Fracción D Canadon Salto Field will be provided once all four workovers have been commissioned and production has stablilised.

EMS-1001- cement repair has been completed. Plans are in place on how to test the well, 2 zones to test.further activities including fracking will we done without a rig. Nothing has changed in regards to E logs.

relax this is just an operational update, operations are progressing but as always in this industry it takes time.....All good news imo.

Rbd’s model is unique, investing in the company rather than the asset. The model focuses on low risk appraisal drills and on success have high return for their investment. The project must have clear strategy for quick monetisation, through production or asset sell. As soon as one drill is completed, another is in sight! Each project offers transformation opportunity and when each asset is monetised or sold the scale of the investments / projects can move up a level. Rbd offers pi’s the opportunity to invest in private company’s with exciting projects stranded through lack of investment funds... many of aim oil and gas company’s are one hit wonders, the projects can not offer a constant news flow and often have a focus on volatile high risk frontier exploration. I know where my money is safe, the next 6 months offers, Monroe swell, wick, grizzly island, Parta, additional drills in California, oulton Jv / drill or drop, additional assets from funds in the bank with further near term drills. I’ll be surprised if the share price hasn’t risen more than 25% from those opportunities, then time to scale up! Look what rbd has achieved since Ipo, generating cash already and a diversified list of near term low risk drills. You can invest in drilling the Weald Kimmeridge clay, wildcat wells in Namibia or geopolitical risk regions like Nigeria, or take a safe bet like #RBD. S&S do all the hard work for you, just relax GLA.

I’ve only just found this video interview of George Maxwell, posted in May.... might be of interest to you.... https://www.elandoilandgas.com/news-media/media-library/ Nigeria is the elephant in the room!

Ela have delivered nothing but exceptional rns’s For the last 12 months. I wonder if the regulatory approval for Gbetiokun is holding this back. According to today’s rns Gbetiokun should be the next well in the plan. Opuama 11 is nearly finished so we should find out very soon... Opuama has a number of other wells that can be worked over if not but Gbetiokun is significant in Elands development imo.

https://www.energyvoice.com/oilandgas/182016/eland-jumps-to-profit-in-most-important-financial-period-in-its-history/

Broker target 170p. ELa often moves up with no news so let’s hope it gets the wind behind its sails again soon, great news yesterday...

It’s worth noting that post Ubima 1 workover the intention is drill new wells in the Ubima field based on the 3D siemic they now have. This will allow them to select the best well locations and optimise flow rates and recovery. Now they have a better understanding of this field It’ll be interesting to see if the first well hits the F7000 reservoir again. 3c resource is 66m barrels ! Come on Gbetiokun!

Go on stach get it off yer chest!

The Ubima presentation on the website suggests that there was some uncertainty with regards to the F7000 reservoir. * The F7000 reservoir, which contains light oil, lies at a depth of over 9,000 feet. The volume of oil currently ascribed to this interval is small. However, seismic data quality at this depth is poor and offset well data suggest the F7000 sands are not laterally continuous. There is therefore structural uncertainty and the potential for stratigraphic trapping. As a consequence, our confidence in the accuracy of the F7000 volumetric assessment is not high: there is significant, albeit unquantified, upside potential.” So today’s rns suggested the f7000 flow test produced up to 2500 bpd! I would say that’s a excellent result and will lead to a reserve upgrade. Ubima has up to 66mmbbls of contingent resource. Ffs, some tell the market makers!

Great rns, opuama 10, 11 & ubima all looking good.

I wonder if echo are sniffing around this? https://www.energyvoice.com/oilandgas/americas/181495/ecuador-to-open-up-oil-and-gas-licencing-round/

Thanks itsyou, I had a lapse in memory from the excitement :)

I agree ged, fully cashed up, no dilution risk for at least 2 drills!

Can some one copy and paste on here please

I thought we would see 100mcap leading up to Total taking their option. This has definitely caught some out. Fully cashed up for multiple Drills in Guyana and huge prospective resources in both Namibia and Guyana, supported by majors. This is as good as it gets for a junior exploration company.

It will be interesting to see how the sp will react tomorrow? I’m unsure how this is going to go?