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Lb28. Just Read the post properly before you comment.
Someone questions your theory and you don’t like it.
Here we go again because I disagree with you I’m deramping . It might not be that your ramping
Now your saying they were only allowing the well to run for roughly four weeks in April
Right then, we know as stated that the first 13 days it was doing 1100 boepd so let’s say 750 bopd then reduced choke to 700boepd so let’s say 450 bopd for 17 days if your saying upto end of April
So that must average 580bopd. So like I said before to average 295bopd it must have dropped off a lot, Surely anyone can see that unless your a ramper. I know there’s a bit of guess work here but it’s miles nearer than anything you have ever come up with. But like you said in a previous post your going to get the share price up so you will be bias rather than honest.
You know exactly were I’m coming from so don’t try to pull the wool over peoples eyes
As the Rns states. 295bopd. Average daily rate since testing . So not the actual daily rate but an average rate from TESTING So on the basis the initial testing rates were FAR HIGHER so it must be a lot less than 295bopd to be able to get to that figure as an average. AS YOU WELL KNOW
It’s not all roses as you make out.
Do you mean 295 bopd not bppd to get to your figure. And Getting 295bopd may well be a stretch too far as well you know
Ajw. My concern is the lack of information. Well 16 is producing what I can see is far less than expected. 295 bopd from testing date could mean nothing PH after raising money still didn’t refer to any issues in his presentation to Lse on the 9th July. He was full of the joys of spring saying the well wanted to produce more than they would let it. And for the chairman to come out and say nothing of any interest. We need cold hard facts.
They should be held to account
I’m sure you’ll tell me if I’m wrong
Rns 26th July stated Well 16 restarted producing on the 11th July at an average of 295 bopd FROM the date of testing
I take this date of testing as the 1st of April when it was at 1100bbld so say 700 bopd for 13 days then reduced choke to 700bbld so say 450 bopd, this carried on for who knows how long because no one told us when the well was shut in. PH did a presentation at LSE on the 9th July saying basically the well was very successful. So taking this all into account how can well 16 suddenly be down to 295bopd from testing date. Only if it’s producing next to nothing since the 11th July Due to total lack of communication from the company we don’t know
Ajw. I’m really no bothered about Norio which is producing way less than anticipated as stated in an Rns I want to know what 16/is producing now and not from the date of testing. And 38 spud wouldn’t be a bad idea either
I give up tried 5 times now........
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I’ve tried posting 4 times on here in the last hour and everyone has been blocked
Are Lse share holders in bloe
,!,!,,!
When is 38 going to spud. The March Rns stated they would drill and side track 38 if 16 was successful, Ajw believes 38 is awaiting the perforated side tracking pipe before they start which is a concern to me on the basis they have had 6 months to get it ordered. Either a cras supplier or incompetence on behalf of the company or Ajw is trying it on again and making up excuses again
So basically what your saying is they could have put an Rns out 3 weeks ago with an update on 16 and Bago gas
Look we beg to differ... believe me if we hit 295bopd I’ll go out and get p@ssed
I think I was the first to mention way back that the 295 was from testing date not re start of production date, so we are not sure what the actual figure is but they definitely tried it on and I would say PH is a effing con man re that cos he even said that Rns get checked by numerous people before printing, so not an error. Let’s all pack in covering his a@se and be honest, non of us are sure were the hell we are. PH has disappeared and hasn’t had the balls to elaborate on what’s going on
dmj1. The paragraph on Malcy report re 16 I think is in Swahili , cos let’s face it it’s a bit bodged
Nothing there tells me how much it’s producing but hopefully it is producing
And if that’s the best Malcy can do let’s face it appears he p@sses in the same pot,
And I think it was Ajw who said Malcy was given the nod re Milton sell off and shorted bloc
I stand to be corrected on that one
Could you please tell me which forum in the last few days were they have confirmed 295bopd and increasing over the last month, I assume not Malcy cos I don’t think that actually was said
Thankyou
I don’t think he would lie. But remember the 295 bopd was stated from testing. Why not give it from the re start of production. That was a bit sly, and who knows it could have gone either way since then, I’m a large share holder here but I am getting frustrated with making excuses up for them. And correct a pr company can only promote what they are told
Let’s face it Simon the pr and general communication with share holders is sh@t.
300 bopd would be brilliant, people who say 500-700 are living in cuckoo land.
I’m not expecting great news but I’d rather have it than not and start afresh
Lack of information makes it worse, And how long was Malcy with PH 2 minutes, sounds more like a phone call.
So what did he talk about, the weather. So are we over 295 bopd. One thing is correct, PH certainly has some making up to do, he wouldn’t even confirm if 16 was achieving 295bopd
quercursbor is that it. I’m not on twitter but if you are I’m sure you could check it out. Always best to double check.
In March the Rns stated they were looking for 325 bopd. Then they hit 1100 bbld with well 16
and the next Rns stated they were looking for 325 bbld, (notice the difference) and testing well 16, Then bloe raise 12million at 11p share, Then they shut well 16 unknown to share holders, manage to get storage facilities for 90000 barrels, slip in that Norio is producing 27 bopd from what was hopefully aiming for over 200 bopd. Tell shareholders that well 16 has been shut in but now reopened and is producing average from testing date 295 bopd and increasing. About to spud 38 . I think all this is in Rns So please tell me what is happening with 16 apart from guess work and don’t say it’s still improving because for sure we don’t know. Don’t forget they shut 16 without telling us so Ajw and his rose tinted glasses, get a grip, WE DONT KNOW
Malcy interview last Wednesday, as yet no feedback assuming it happened and no he won’t have been given insider information as it’s against the law,
I’m sure you’ll correct if I’m wrong but just trying to get a perspective
How can it be price sensitive. That’s insider trading. Hopefully he will have pushed him for some answers