The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Would you be good enough to answer my question thanks. And were did the 60 day permit you initially mentioned come from. Thanks
Simon I rang Justin on this last week and he confirmed to me that the permit or reapplying was upto December. I was very frustrated with him and said surely this should be in a Rns and he didn’t think so
Ajw. You mention a 60 day permit. Were do you get this from. And surely you have seen hepseals, reply. And you mention In One of your comments wayback that they would keep reapplying,
Thankyou for your reply, a concern is that I am not sure they would keep us informed because the 26th July Rns stated that production had resumed on the 11th of July. I don’t think we were previously told that they had suspended production prior to that. I maybe wrong,!
How can you be certain that we are producing 3x more than 100 bopd, you seem quite confident
I know what the chairman said but that’s a few weeks back and that was an average from when they started testing What’s frustrating is if that’s the case then coming out with that in a Rns would do wonders to the share price. Why won’t they, surely nothing to lose
Could you be good enough to answer a couple of questions I posted for you yesterday morning re the liner Thankyou
Check your facts next time If you knew there was a stage 2 payment you knew also about the july Rns
Oneandonly. I was under the impression that the Rns on 15th July stated that they now control 100% interest in west ravia and this superseded previous agreements
The specialist that you say are on site re water ingress. If they put a solid liner down to stop the ingress in part of the slotted line that’s allowing in water, is this done while the well is producing if not how long do you think it could take
I don’t think an Rns is held back because it makes a difference it’s august. A good Rns with today’s digital media would soon get around
I hope your right. But the Rns said 295bopd from testing. Why put testing instead of production.
PH stated these Rns get checked 5-6 time by competent persons so shouldn’t be any discrepancies,
In March Rns they stated they were aiming for 325 bopd then in April it changed to 325bbl/d
There either incompetent or cute
Bigboffer. You continually crack on about well 16 produced at testing 3-4 times more than expected and once again ya wrong. The March Rns stated they were hoping for 325 bopd
In April they hit 1100 bbl/d notice the difference. Bopd or bbl/d, ya moan about Mike 31 deramping don’t go the other way. Produce facts
Ajw. Yes they said that since production started they have averaged 295bopd since testing started.
I put it to you that initial testing was far higher than that so the average overall has gone down,
Note they didn’t give us the average from when they resumed production. Which is a bit naughty
And before bigboffer gets on his soap box No I’m not a deramper just trying to get facts and learning. I’m in deep here so wanting this to very successful
Thankyou. I just wasn’t sure why Ajw said this was key, I thought getting Bago up and running is probably more important
Ajw. Bear with me on this one. Currently the gas is flared and the oil is being transported to leased storage. Is the water currently being separated on site or were the storage is or separated later beyond storage. I don’t think we have been told how long the leased storage is for. It could be continuous.
Why is it key for us to have the separate storage area! Is this holding anything up.
I think all looks good. Be nice to see a Rns to update us all on progress, in the recent Interviews not one presenter enquired about the gas testing or Bago, all pre arranged questions.
Also still no question and answers on Bloc’s website as promised by PH a few weeks ago.
Papillon, Bago was mentioned in Hepseals original response by Justin saying everything is in line to flow after Bago have signed the contract
Agree. In April in an Rns Bago were going to sign the contract shortly, 4 months down the line and still no news apart from someone else had given PH a better deal. Then Hepseals response from Justin stating there shouldn’t be a break in production until the gas is sorted but it’s Hepseal who mentions Bago not Justin
Nicodem. I don’t know if legislation is 60days. It’s something that’s been mentioned on this board on numerous occasions Have we ever seen this officially anywhere. Looking back on Ajw posts I think in July he mentioned 60 days and reapplying, or is it just while testing is in progress. Either way it looks like it isn’t an issue now
That’s ok then Hepseal. he agreed they were ok upto December, I said to him I thought it was 60 days for gas flaring and he said we’ll just keep reapplying. He may have got that bit wrong, it’s information he has had from site Either way I still think it was important enough to be in a Rns
Papillon the gas flaring has been my worry for a while now, I was thinking a 60 day limit and then shutting the well again, I spoke to Justin Thurs morning querying this after Hepseal had recieved a response from him stating they will keep reapplying until December when Bago will be sorted
He confirmed to me this was correct, I was not too pleased with him, it seemed a bit blasé, I said did he not think this should be in a Rns but he said he didn’t think so.
The only thing I could think off was the Georgian government want this to succeed and given them some leeway
Billtucker your another one who doesn’t read the posts properly, just puts down what suits your own agenda. Ajames could well be back next week, let’s wait and see. You work well in tandem with Mike 31 another knob who’s filtered along with you now. It’s when you make things up you lose all credibility
Malodoni. Just so you know I didn’t report AjamesW. He was away for a month and has somebody already stated he could have forgot his password and set up another account while away which got deleted, his other account is still open and not been used since 24th July on any board