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Profit from quick Mcl trade into here. Another 950000 added to my pot. 0.064p to buy . Bargain basement prices still
You explained that better than I tried to ford. Yes agree think the work over wells will be the next to come. They are already proven albeit not properly producing at the moment.
All our other projects should also add some decent revenue too and the Georgina Energy IPO keeps being mentioned for jan 2023 but that seems to always disappear again.
I do think we have a very productive area in Cinnabar in the oil rich zone of Texas and so hopefully the drills will keep being successful.
Looking forward to final results to see how much income we are getting from the stored oil already extracted.
From below placing price of 0.07p Mosman I still feel could be a very good riser this year and I still think Cinnabar could be the company maker.
SP still does not reflect that we are producing oil and gas !!
I see someone on ADVFN is questioning my quote of 1000 BOPD. My calls are from current well 120 to higher when connected . Plus the two wells for make over plus another 4 or 5 wells on the Cinnabar acreage lease site. If 7 wells in total or more at 120 bop at least, then close to 1000 BOPD from the Cinnabar site. There is no reason further drills cannot achieve the same BOPD as the 1st drill or even more when flow rates settle
Agree it’s frustrating to wait on not try to rainbow chase. However the SP is still stupidly low and the other two work over wells in Cinnabar should be a decent return for minimal outlay to get back online. If we can get all the Cinnabar field drilled this year then perhaps a 1000 BOPD could be achieved…then the current SP would definitely be a bargain price to load up on. As shown with the pre new year RNS, they can come anytime here and sat on hands waiting is going to be my gameplay this year…
Shame re Distil. Nice Red Leg rum but cash is nearly all gone and Gin taken off range for sale. Could see that one going down the pan as clearly not got it right in current market
Was keeping this one on watchlist. However cash is now very low with less products for sale with gin taken off. With too many companies going down the pan on AIM, I think this might be one to avoid. Again Red Leg quality Rum product but not the only one and so many companies have the own range of Spiced Rums.
I think Distil should of tried more harder to sell its brands and concentrate on innovations to bring to the market. Good luck if recovers but odds not looking good now
Notice the buys started after the 1 trade. Can sell in bulk at 0.063 . Think 0.07 May be reached today. So much news in the pipeline yet we are currently lower than we were producing gas and oil from Cinnabar. However as usual, this will begin a fast trajectory northwards on a random day
Nice flurry of buys this afternoon. See what news comes out next from the Mosman camp on Cinnabar. Any new updates on Georgina energy or is that a dead duck for now
Buys getting close now to 0.07p. Please finish blue today .
45 million trade at 1313hrs. Swapping going on
Yep. Couldn’t they do it at a higher SP though. Some getting some real bargain prices today though. Wouldn’t suprise me if we actually end up blue today
Got to be monecor . Doubt anyone else would be silly enough to sell 70 million at that low an SP. Wonder if they are aiming for an exit
Now your taking the ****. Lower than when we were producing oil and gas. Hurry up and sell out
They are selling 1000 barrels already. Read the RNS
30 million holding now. Not selling any of these until we are the other side of 0.5p. Think very possible this year and the fact SP is we’re it is today is a gift.
Well as expected SP went flat on the sell on news brigade. However think there will be an afternoon push on there. CPX , grahamwales used to own big chunk of them from 1p to 10p
Mosman has already engaged independent consulting Engineers to upgrade the Reserve Report with information from this well.
Planning has commenced for workovers of the existing wells and drilling of additional development wells.
Not long to wait either . Seems going for it already
Can sell entire holding….yes for lower SP… however clearly order filling going on as not been able to do that before. Friday PM rise on the cards perhaps
The company said that following the successful drilling of the Cinnabar development well it will turn its attention to a pair of older wells already on the Cinnabar lease - referred to as Arco Fee G1 and G2. They were originally drilled in the 1980s and both are said to have produced significant oil and some gas.
This bit is nice too
As of 6 January, the well has produced over 1,000 barrels of oil. This oil is being stored in temporary tanks and arrangements are being made for the oil to be transported and sold.