Member Info for Bridgedogg1

Thanks, you too. Can’t believe where it is atm.

No doubt the BOE and ECB will follow the BOJ and FED in pledging monetary stimulus today. Should see a nice bounce in markets. Oil has also come back a bit.

When you have significant debt you have to be a lot more carful on where you spend your money. There would have been a rigorous due diligence by their expert. PMO could have invested anywhere in the world but they chose our project. To make out it’s just a punt for them and has no bearing on the project is misleading. Of course that doesn’t make it a certainty but nothing is.

ASX 10% down @ 1.8AUD or 0.92p. What are people thinking? Must be anyone who got in recently are selling as they see their profits dwindle. For us I think its more the oil price that is causing the fall and the sooner OPEC put a cut in place the better.

Those of us who have been here a while know what a good price it is at the moment and hopefully, what's to come. Its currently late afternoon on Sunday in Alaska so maybe drilling will start tomorrow. Hopefully ASX will come back a bit before close.

Cash - We raised £2m in December. At the time we already had 'ample cash to fully fund its remaining 85.635% interest share of Horse Hill-2z ("HH-2z") drilling-related costs plus forward HH-1 and HH-2z production test operations'. I expect the fix hasn't been cheap even without a work-over rig but plenty of funds to see us through IMO. The intention is that final Tellerium payment of £1m is being issued in shares at the end of March.

HH1 Portland has been producing at 300bopd but we havent has any figures since the "routine intervention...to further optimise and increase the Portland production." HH1 Kimmeridge flowed at 300bopd, There are plans to "install a dual completion to enable HH-1 to produce from both the Portland and Kimmeridge oil pools are being formulated." I assume this hasn't been done yet but that's 600+bopd from HH1 alone once complete.

HH-2z - 1087bbls 'fluids' per day achieved prior to water shut off (and possible optimisation?) work. As we all know there is a good chance flow tests will commence this week.

Full production schedule and therefore by implication the CPR has been brought forward. There have been some positive news on that front - "Downhole pressure gauges also confirmed that HH-2z penetrated a near virgin pressure section of the Portland oil pool. This finding has likely positive implications for the magnitude of connected oil in place and recoverable reserves seen by the field's two wells. Determining the oil volume connected to HH-2z remains a key EWT objective."

Forward plan at HH is for "further infill production wells and a possible water re-injection well, are planned to be submitted as FDP addenda in the coming year once longer-term well behaviour is more comprehensively understood".

Plenty to look forward to and be positive about, even if we don't get an RNS tomorrow morning - I expect we wont but tankers will give us a good idea of what is going on.

"we are well on the way to delivering significant production at Horse Hill."

GLA

Shouldnt this be listed as a cash shell now?

I’ll take you spud announcement and raise you a ‘currently at depth xx’. Once rig is on site it is engineered to be able to start drilling almost straight away.

Drill bit might be turning, good luck holders.

Cash2 = I haven’t bought in yet but I wish I had

It’s been a long and often painful road. I just want to wish all the holders good luck and thank the eyes for keeping us all informed. Next week may well be make or break.

BIGHOW thanks fir the recap, highlights the potential in the top set, lots of large local discoveries with good data. We may have a significant oil much sooner than expected.

Topped up under 1p so I’m happy

The eyes bring negative? Must be 20 tankers lined up outside horse hill

Feel bad for those getting spiked in this today, those shouting what a buy it is prob looking to sell asap

Traders are out again, theyll be back in at 8p dont worry

Share price getting silly now, prices for a failure when all looking good on site and tankers rolling. Easy bags from here imo

Share price getting silly now, prices for a failure when all looking good on site and tankers rolling. Easy bags from here imo

1x oil tanker already out
1x waste tanker out
Coiled tubing tower still up - speculation is fix note complete until this comes down but I expect it will stay up for a while during testing just to make sure full fix and optimisation complete. Flow can continue while tubing is down well, no doubt this is what they are doing now.

“Doubt it as the eyes report the CT unit was working overnight - suspect they're checking the plug and maybe logging-= no RNS before Monday”

Could be preparing an update rns, there must be some material information gathered to date. Doesn’t have to wait on the fix.

Debt is an issue if you are not making a profit to pay it off