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WHYAST1605 - The next time you are "talking" to Colin you should ask him to tell you about the water problem with Pg-11A and let him explain it to you. Maybe you can ask him who advised the BOD that removing the stuck tool would improve the flow rate. The flow rate did not improve so the stuck tool wasn't causing a problem which confirmed what the technical team initially stated.
You are beginning to sound like the poster who claimed they had a contact within INA and was posting that INA's pipeline was still being tested for certification on the day that the taps were actually being opened up to INA.
WHYAST1605 - When you claim that the production figures are only published quarterly when they have been published on a monthly basis since the INA contracted commenced and you state that the Pg-11A workover earlier this year caused the water in the well when the water has been there since production was started, why should anyone believe you when you continually state that INA will be paying 2.4p per share for AST.
Laughable.
Gerry65 - The year end timeframe was based on "the production volumes from Pg-10 continuing on the current decline rate" as stated in the Operational Update RNS - 6th August. They expect production to delcine and have compensated for this in their projections.
Production figures have been reported every month and August's figures will also be reported.
They have been every month so far.
Astounding research lol.
Brainer - This is not an AIM company. It would help if you know what you are talking about.
They are not an AIM company.
Correct
Gerry65 - After getting another 5m shares last week during the over-reaction I see no need to add any further but the discussion was about AST's position in the SR and the 06/08 RNS.
Same tactics are Mr Fluter I see.
Stockdale - Wasn't one of reso's facts that gas would never be sold to INA? . Seem to remember him and JJ banging on about that throughout the late nights. He is never specific in what he says though, just like an ASTrologer lol.
Gerry65 - The companies that are still in discussions with AST will have known about AST's position well before 06/08 RNS. They are O & G companies, they know that wells need maintenence, that reservoir pressure drops during production and that they need re-stimulating to maintain production levels. They will have seen from previous RNSs that Pg-11A has a water problem, that Pg-10 has been producing consistently for about a year and that from the data included in the Commerciality report from 2011 that the production rate would start to drop off. They would have known about the permitting delays. Us PIs also knew that apart from some of the ones who over-reacted to the 06/08 RNS.
AST's cards have always been face up because of the RNSs over the previous years.
The field will require a lot of capex to eventually produce the £200m profit that CH conservatively expects AST to make from the project. It isn't like that has been kept a secret either.
A handful of companies have examined the data, done their due diligence and are still interested in the project. How much confidence do you need?
Just under by approx £18,981,000,000
Back under their rocks.
He always does.
WHYAST1605 - Pg-11A has always produced water. The technical team advised that the water would probably clear in the early stage of production. The stuck tool was removed but the water did not clear up, hence the need for extra equipment used to remove the water being produced. Therefore the stuck tool was not the cause of the water production.
nmike - At last, someone who understands the reality of o&g production.
That's good, they won't be going after you for trademark infringements then.
They performed genetic experiments. 5 of them escaped. CMG, Rosewall, JJFluter, Reso and X. X was the master deramper but never uses it's given name, only various pseudonyms.
Sorry fellas, looks like I left the door open.
Have any threads been deleted yet?