An electric wireline logging programme has been completed and initial analysis shows good quality oil-bearing reservoirs with porosity ranges above pre-drill expectations.
ยท Initial evaluation of the logs over the PBS indicates a 34-metre gross interval containing 28 metres of oil-bearing net reservoir, with porosities averaging 18% and up to 28%, all of which significantly exceed pre-drill estimates.
"The Schwarzbach-2(2.) development well (SCHB-2(2.)) has now proved the commercial potential of this segment"
BIG QUESTION is....what are the FLOW RATES...
They are coming guys....strap IN and ENJOY!!! the RIDE!!!
0.25 and we have not even started yet....
Fill YA boots today/tomorrow....for EXPLOSIVE wk next wk ( thats if we dont get flow rates this wk )....dont let traders put u off....they will sell for 5% here 10% there..
Remember nxt wk we go straight into PRODUCTION...๐ฒ๐ฒ๐ฒ๐ฒ๐ฒ๐ฒ๐ฒ...will start to roll in
Would be nice to be in the 0.30's be4 rns
RODGER i agree with you....there is no point of us getting ahead of ourselves.....lets take it step by step......having said this.....the company itself have mentioned....4000bopd in 2/3 years time......thats on mean of 600bopd from SCHB field.....no ask yourself what revised figure will be if we hit 1000bopd+ at SCHB2......4000bopd can easily become 8000bopd.....
As stated...lets take it step by step.....fingers crossed.....SCHB2 delivers....and we from there embark on INCREDIABLE JOURNEY ahead...
ATB
Well that was a GOOD finish....we needed that....having hit 0.25 earlier today...many had bailed out...we came back and hit same price....this time with them traders gone....not only that...we got rid of few more into close.....bodes well for DAYS ahead....fingers crossed for rns 7am....if not FRIDAY will do...if not then we have NXT WK....crucial thing here is....we will be going into PRODUCTION next week....money will start to roll in........dont let go of your GOLDEN TICKETS cheaply....HAPPY DAYS!!!!!....
Blubay...i repeat today we have hit ATH for beacon.......check charts again.....beacon has been trading for only 6mths....previous ATH was 0.2375...
maybe u are referring to adv i dont know...that hit 5p+....adv is not same as bce...adv is the past....bce is the FUTURE!!!!
HAPPY DAYS!!!
Here is the that EXTRACT highlighted
https://app.screencast.com/jrodZyNAqOjE7
If you scroll down the rns ..... there is additional info....which i happened to miss....and i am sure many others did aswell...
"The Schwarzbach-2(2.) development well (SCHB-2(2.)) has now proved the commercial potential of this segment"