Member Info for chromeinvestor

LOL-Should never publicise buys or sells- school boy error?

You just can't understand what I'm writing?
I didn't say they had started Kim. I said they wouldn't be waisting their time on continuing Portland. Wow some people just don't get the basics

Even if we had poo at $200 I doubt the sp would move. Market is just not active this time of the year. When it's back they will suddenly have to play catch up

What part of my explanation of the difference between natural fractured wells and fracked wells didn't you like? I was simply explaining the difference.
You really think they would be waisitng their time continuing Portland tests if they weren't commercial? Get real-by now, they will have all the stats they need. Agreed they need to finish the test and get them verified before releasing to the market-big difference in the perimeters there!

I'm afraid that buyers are being fed buy some lumpy sells

Utter rubbish-MM's doing a great job of balancing buys against sells.

Thats exactly why this testing is so important and alot more complex than simply running the pump at it's max

Thats the difference between our wells and a fracked well. With fracking the oil can refill through man made cracks in the rock. With natural flowing your stuck with the naturally made perfs. Sometime hit lucky sometimes not so lucky (BB). The point is, if any part of HH is commercial, then it proves the whole concept and should mean a massive re-rate on assetts in the Weald area.

All of these tests are being carried out to work out the perfect pump/flow rate for long term production. If the well was non commercial they would have moved onto the Kim by now.

You need to understand the geology. The oil comes through perforations in the rock formation. It depends how quick the oil replensihes as to how quick it can be pumped out. The pool is only so big and has to be refilled before it can be sucked out. Take it out to quick and you will have to pause for it to refill. This is the key factor here-not how quick we can pump oil from a pool-thats a well known simple mathematical equation-no testing needed for that!

No-That was a max flow rate test-not a sustanable test -ie over 3 days

Personally, I don't think the Portland is going to yield much. Two tankers over 3 days=160 bopd. UNLESS more turn up this afternoon-the we could be looking at double that rate. Will be commercial and important that planning pemrission can be applied for. Not going to be a massive earner and never was. Look at it as a bonus. The real test due to start soon! Come on Kim

Had this on my watch list for months-I want to get in, but am concerned the only way of raising funds will be a massive dilution. Will keep watching for now.

A top up at these levels.

Could this well end up self financing, leaving loads of dosh in the coffers for future wells?

Haven't seen any signs whatsoever of large shareholders looking to unload. I think everyone is holding on tight for the prize at the end of the rainbow. Looking very good

Looks like investors starting to see value in othe stakeholder sof horse-hill-market a bit slow to realise the valuation gap on this one!

What happened to that fool who gloated about his 3k down bet-he must be getting fried

More like a 300% rise! So under valued-Re-rate will come be patient

Def two-just saw the video