Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Any positive reason for delaying results of 38. The only reason I can think of is that they are still testing. It will not be due to as Hepseal thoughts re gas flaring as they were allowed to flare well16 for several months beyond the 2 month limit , so it should not be a problem at 38
Reason for delay. Very little gas or oil discovered and awaiting some good news to incorporate in the Rns ie spud of 30 but this will only happen until the 3D seismic has been analysed because they can not afford another poor result so they need to find the sweet spot, Bago starting to take the gas from 16 which could be another 4weeks plus. So let’s all hope they are still testing 38 because if they had completed testing and it was good they would be shouting it from the roof tops by now. Now the rampers won’t like my analysis so grief coming my way.
Dmj1 let’s see if you get a reply. Only takes 5mins
I also rang them yesterday and spoke to Peter Chown (geologist) who seemed a nice enough guy
Told me 3D seismic takes longer than people appreciate due to a lot of data to go through also well 30 not spudded because it would have to go into a Rns. I said peoples perception is that well 38 news is being delayed because the findings are not good especially after the episode with 16
I said if 38 is not producing and your holding back because of this surely it goes against Aim rules
He correctly said he could not comment and could not give me a timeline of when the results would be out
The seismic data reading will take longer than we think and well 30 not spudded yet, so we might have to wait awhile for the result of 38 if they want to soften the blow or they are still testing and are under no obligation to rush it just for the sake of pi’s. I’m afraid just sit back and wait
You have to laugh. Another one post expert who has to hide his identity
Trouble is, worlds full of them
Ajw. Cheers, we will see, if 38 is successful then there will be no turning back. It’s anyones guess then on the sp
Madmanrob unfortunately I can beat that and by a bit,
If only we knew then what we know now. But that’s trading or not trading
The fact we are fully funded gives me the most hope, surely they can’t **** up all the wells
The scenario could be well 38 isn’t as good as expected. Bloe are wrongly holding back the information ( this is to previous form ) and awaiting the 3D seismic before spudding well30 so no more egg on their faces. Speculation but if it is the case I’ll be banging my drum again about PH
I’m not going to charge you for this advice just put it down as an early Christmas present
You obviously think the share price will fall to 4p and even 3p and you state you are a share holder
Sell up now and buy back in when your 3p has been achieved. Called Trading and you will feel so much better. Your obviously a lonely guy but the Salvation Army will help you over Christmas
Bye
You could well be right. If the 3d seismic finds that all the oil and gas has turned to fresh air, someone takes all the money out the bank and Russia attack’s Georgia. There is always a chance
So your right best not buy any. Thankyou
Bedex when you post put a different subject matter in the subject box every time rather than press the reply button. One bad post and Lse takes away all the posts relating to that subject
What,,, Bedex in all my time on lse I have had one post removed and that was on weds
Once bloe start being more upfront with investors I’ll start being more positive. But I won’t forget the past, a lot of peoples money and welfare is at stake here.
Moving forward a positive is the solo directors investing, and even if 38 is less than expected at least we have 4 more to go at and a 3D seismic to look forward to and a Bago contract
Ffs t54 please do t make out that was a buy, l notice the hepseals of this world let you get away with that but complain about deramping. Don’t forget all, that they shut well 16, but we only got to know about it in a July Rns stating it had been reopened. There was no date given when it was shut and I tried with 2 emails and a follow up call to Justin to find out and they would not say because they were covering up when they had the issues
All I’m trying to say is they will cover themselves and not do you any favours. I’m sure you are all big boys and accept that, so don’t be too disappointed if 38 turns out very average or delayed for the 3d analysis to be revealed.
Ajw you did miss the point. I noticed you didn’t question technology, Georgia and Schlumberger from my last post
Ajw just because you tend to write a book than just a few words doesn’t mean your right
If modern technology was guaranteed to work here there would be numerous companies all over Georgia. Still struggling to find out how Schlumberger are getting on next door with modern technology and a mighty amount of money compared to bloe
Ajw, I notice your scenarios don’t take into account that there is a possibility that this well didn’t hit the sweet spot or possible water issues again, there may be a delay or maybe not , or blind siding us with well 30 spudding at some point, the only current fact on this board is know one has a clue at the moment. All speculation
They better not be waiting to announce the spud of well 30 to soften the blow before we get results of 38. PH past performance just gives a seed of doubt
Please enlighten me bigboffer how you know the 700k was broker to broker, I bow to your superior knowledge!!!
Bill a bit disconcerting that your first post this morning was about directors share holdings which was out the blue and an attempt to deramp. Now the majority of your posts do bring a balance of view here and you always say your invested but I’m not so sure now, not that anything you say or anybody else on here will effect the share price. The issue doesn’t seem to concern the large companies or individuals who have invested here recently
Ajw. The problem is 16 left a bitter taste, so 38 feels like no news is bad news rather than good news.
I find it hard to forgive PH and the Chairman for trying to deceive us with the average from testing debacle in July. So when I see something like what stan96 posted yesterday, of course it gives me concern. I’m sure we will all be wiser in the next 10 days
Yes problems do occur when drilling for fossil fuel but being honest and up front with share holders should be a given. Have they learnt!!!!
francobrett you say 100000 sells going through are most likely mms putting stuff through to give the impression of volume. What!! are you from the school of T54. So they just make it up. Really, do you think you should be trading
Knob head filtered. And if I don’t bring anything to the board filter me. It’s the green button.