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Trackerty...the confusion imo many are having....is due to 12 day testing mentioned prior to drill starting......this last rns....never mentioned 12 day testing.....or flow rates....instead....it mentioned production testing.....i am thinking.....its an outside shot but might be possible....they might tie the well to production facility 1st...then do the test..dont know if this is possible but just a thought....
Well we go into PRODUCTION and start getting REVENUES coming in from next week...
The above should give u confidence.....
FLOW rates will be rns'ed be4 we go in PRODUCTION...
Yes rns is over-due....most likely for good/+ve reasons.....its for this reason why i believe we could see rns anytime...even INTRADAY
HAPPY DAYS
Larry if you are watching...can u please give us an update....hms687 is getting nervous....overlooking the FACT...we have already beaten our pre-drill estimates of QUANTITY/QUAILTY of BLACK GOLD..
Some can not wait few days/wks...for TRANSFORMATIONAL news...which could in end transform many of our lives going forward....
This is TRUELY a life changing RNS that we await....MULTIBAGGER in the making...
m/c only around £22m
"The electrical wireline logs demonstrate that this well has the capacity to materially increase the Company's production and revenue as the well is brought onstream through our wholly-owned and operated existing facilities. This is a very important step in the Company's aspiration to build a self-funding platform for growth.
Hms u are getting confused with different assets ( fields )...
Anyhow....we all await....this next update from SCHB2...flow rates....due to sweeter oil and thicker column....i am expecting better than pre-drill estimates 600bopd ( mean ).....lets wait and see what the deliver
What u refer to is Erfelden...thats where we are drilling now.....i was refering to other assets...not including Erfelden
https://app.screencast.com/H3vPIdKJZcqm7
Hms...u make good point of holding longterm....to make real gains...what many folks dont understand....is our other assets...in our p/f......we have 150-180mmbbls ASSET.. (Weinheim)...wait and see what happens to shareprice when we start drilling that.,,,,,then we have other discoveries....like Steig 2C: 1.6mmbbls (Meletta); 17mmbbls (PBS)
RogerJolly...for me bigger obstacle was ...when we was drilling...it was suppose to be 25 day drill....ended up being 57 day drill.....many bailed under 0.10 thinking we had to re-drill....look at end result.....we hit BIGGER/BETTER QUALITY oil....shareprice has gone up by some 120% since.....delays are part of this game....🤞 flow test results are indeed transformational.....testing of 2 ZONES separately has been mentioned by some....maybe thats whats keeping us.....today is DAY 24.....so 12 day x 2....= 24 days...for 2 zones....tomorrow = 25th DAY...which could mean RESULT day for both zones...
This is aim risks are there...so are the REWARDS......lets take it step by step....as each milestone is reached lets see this go HIGHER and HIGHER.....
One thing tells me....if we had low flow rates...i.e 200bopd....we would have had known by now....as it dont take much work to deliver 200bopd......but HIGHER transformational numbers can be problematic....BIGGER BOAT ( more tanks ) etc....
Patience is KEY....
ATB
Creeping ever closer to 0.25 .... after which we TARGET 0.30
Would be NICE to see 0.30 be4 ...TRANSFORMATIONAL flow rates...
If and when we get these game changing flow rates....i am expecting RECORD VOLUMES day....
HAPPY DAYS!!!!
U say £100m company?.....i say why not?
Point number 1 ..... We will generate revenues soon....from schb2....depends what flow rates we get...if we get decent flow rates...we could fly past 0.5 imo.....could get closer to 1p in matter of wks....our success getting to 1p will be depended on VOLUMES....we already know 60& of shares are already taken....40% freefloat...wont be enoughto go around i feel...
Point 2..... by end of 18/24 mths AIM was to get to 4000bopd....on mean of 600bopd/well from 3 wells.....4000bopd = £80m profit/yr......now assume we hit HIGHER than 600bopd.....this would mean 4000bopd lot quicker...and 3 wells drilled lot sooner.....
If things go to plan.....then forget £100M....we could easily be looking at £200m+ company in 12mths-18mths....
Guys we tend to say.....no-one wants to be out overnight as rns can drop 7am ...buying pressure builds up...shareprice picks up in late afternoon.....and we never get an rns following session....
Today lets use a different tactic...if u want ....u can sell up....we are not going to get rns tomorrow...7am.....LOL...
How many would actually risk selling right now....knowing...we will be in DAY 24...after having hit TD....
I dont know about others.....i can not be out of this for few MINUTES let alone overnight.....RNS is overdue...can drop anytime....it might take few more days...we just dont know....i for one would not risk it...each2their own
We ahve talked of profit margins being at $55 per brl....well thats when oil price = $84....right now.....it has been shooting up...as it stands its almost 0.89......that $55/brl....is becoming like $60/brl....thats like....10% jump in PROFITS...
FFS if you dont understand what that means...then....i will explain...
before.... 600bopd would have fetched us...some £12m profit/yr.....now at todays price....its something like £13m+.....
We will be making more $$$$'s from next wk per brl....
HAPPY DAYS!!!