Member Info for Bottled

The 2024 drilling programme is concurrent with the building of the Ngoualana mine and DMS processing plant for Stage 1 of the Bougouni Project, where significant progress continues. Current site activity includes the civil concrete work for the footings of the DMS and crushing circuits, the preparation of the project office and site area, as well as the completion of topsoil stripping for the commencement of the Ngoualana open pit construction. In addition, the DMS units, crushing circuit, steelwork and other items are currently in transit to the Abidjan Port in Côte d'Ivoire from China, and are expected to arrive at Bougouni in the coming weeks. A full update on the Ngoualana development is expected to be provided in late July 2024.

Due in 14/15 days time

The last sentence is interesting as it implies 803 is flowing, big question is at what rate! if it wasn't flowing would have been easier to say excluding instead.

Deep Well 803 was spudded in Q4 2023 with a planned total depth of 4,200 meters with a primary target at a depth of 3,950 meters and a secondary target at a depth of 4,200 meters. Oil has been detected over a 60 meter interval between 3,360 meters and 3,420 meters, above the expected targets and also above the main salt layer. Testing of a 15 meter interval commenced in July 2024.

Total production at the date of this report, before any contribution from Well 803, is approximately 2,300 bopd.

Cc free float is tight so expect massive spikes due to buys and sell’s coupled with news flow. There are a number of us including me who have averaged down with large positions where our break even point is in the 5-7p range. I am at 6p

Agreed , meant to say B8 which is imminent or other good news will make double digits

Agree to Smarty & XP liktky 4.2p - 5p open trade during the date close 5p-6p region 5p if in lower range open , 6p if higher region subject to not having further good flow results on 803.

Ideally if they are clever just publish the accounts and release further (hopefully) good flow results later in the week on 803 900+ bopd then we will get to double digits.

Leveller this might help!!!

https://www.youtube.com/watch?v=O9IJnmbneLc

Yes Mike, roll on Rocket Monday as I have booked sick leave... Yippee

Found this online

How long does the flow test take? A. Flowing of the well under test typically lasts only a few days to a week. However, it may last longer if extended testing is approved by the regulatory authorities for complex discoveries.

The only material new news is 155 flowing at 700 BOPD, odd they do not mention the flow rate on 803, I would have though if it is not commercial they would have said so by now, so hopefully its a gusher and we will learn of the flow rate next week.

I reckon the RNS for accounts will now be issued once the market has closed today, would be great to get another one with update beforehand.

Unlucky

Absolutely CC

I have already booked my sick leave off for Monday..... My boss was rather surprised when booked it....

No

Morning Smarty

I don't think the chartists would be happy not having the gaps being filled! I am not one BTW.

Wondering whether they will issue accounts with updates or separately, not holding my breath for a RNS tomorrow although would be great so expecting it on Friday.

P.S Also need to go to spec savers on my last pair of glasses, mind you if this goes tonto then might go to Boots instead!!

Likewise DM, I enjoy reading some of the chat on CASP at ADVFN, however the KOD board has been taken over by some person that has so many aliases and nothing better to do.... can be mildly amusing in small doses and if one has nothing to do as well as being in the mood.

Morning merc

That is bit of a swiping statement, Gamblers yes every share that one invests in is a Gamble as there is no 100% guarantee that the price will increase even with research, unforeseen and black swan events happen, Psychopaths not sure what you mean by that.

It all comes down to risk appetite and entry & exit levels and of course research. If one gets these right then good money can be made.

keep an eye on Casp when that re enters the market next week.

Make of it what you will, if all goes to plan then I think these forecast appear rather low.

https://www.alphaspread.com/security/lse/kod/analyst-estimates

https://www.marketbeat.com/stocks/LON/KOD/forecast/

https://markets.investorschronicle.co.uk/data/equities/tearsheet/forecasts?s=KOD:LSE

Thanks for that CC, hopefully we get a further Jurassic good news update pre trading start next week.

Yes Bull hoping they are confident of getting a really big flow rate as opposed to hoping the extra meters make it commercial.