Member Info for Cjm83

Not the best RNS, but everything is getting hammered due to Iran and Isreal exaggerating the fall.

Many are only here for a quick profit so left.

This morning on this site i have heard that we drilled 2 wells. I mean how basic can you be wrong.

These snapshots with vertical wells are just to confirm Oil and those numbers are not the production bopd rates vs a Horizontal hole.

But they need to finance the future drill after post well analysis.

The first horizontal is the key one really.

It was 1 well with 2 zones each tested. These are not the production rates. These are to prove oil is present. The next step is plan for horizontal well drilling to maximise pay zone exposure.

The next step will need financing i guess.

Maybe that drip is to catch people out. Stop losses in AIM are really a pain. Especially if you cannot keep a close eye on a stock.

Maybe people are fed up cutting losses to invest else where.

Again if a stock has already moved 20% most of the time you are to late to jump in. Same as chopping and changing does nothing unless you really lose faith, then the question is at this point did you research enough.

We have 1 flow test from 1. We need the second to be good. Then an RNS with both results collated and the future plan.

But the results always are what we need good or bad.

Shhhhh i want 2p to get out. Then re adjust my portfolio.

Buyouts can be an issue for investors, better to raise and trickle buy if you believe long term.

1.5p with massive investment needed, so cheap.

JChrist. Here is an example that i used for some environmental nutters near me. A big cruise ship uses 75k-100k gallons of fuel a day, a day!. Now think about every ship peddling Chinese built cheap crap around the world. So if you use any cheap crap Chinese made product. You cannot lecture on environment. If you actually knew anyone in the O and G industry we actually do value the environment and usually do more to protect it on a daily basis. At a very basic level you would not get me littering for example, environmental nutters litter and do very low level damage like they are exempt some how.

Oil and gas powers the world, oil and gas profits built wind farms, nothing is free in this world.

I have seen 5000-7000ft laterals so 70 bopd over 20ft. Vs laterals.

Thats why i say we will get a second flow test results RNS then a 3rd to cover both teats but more post flow teat detail. This RNS was a yes / no simple RNS. To keep us in the loop.

People saying buyout. Ok if you have a decent Sp else you get bought on the cheap. I would like a proven flowed zone before any potential buyout.

This is a marathon not a sprint.

Took me awhile this morning to digest the RNS. The 70 bopd headline i initially thought was rubbish. I am used to offshore drilling where bopd is in the 10000’s.

But then you digest it and evaluate. Added a little more this morning, so 0.33p average. So ready. I think people are weary as it is AIM and they need to research the area and what 70 bopd actually means over 20ft vs horizontal drillings etc.

So delayed slower rise i would expect like most say over a week and into the second Flow test.

I think the markets are waiting for.

Good test 1 - done

Good test zone 2 - to be done.

The RNS to tie it all together.

Then we get our full lift off.

We have only ignited the stage one booster. IMHO.

Nothing is easy on AIM.

Hopefully we get some sp movement today. The big RNS is the third one bringing together the two flow test RNS’s. Then the magical words commercial discovery maybe whispered.

So do not get to disappointed if we get a smaller rise today. Dont panic.

We now wait for second test then another result before the final RNS to tie it all together.

If we get the news we want on Tuesday what do we realistically think the sp price will be?

1p plus FOMO spike running into second flow test. Possibly 2p , 2p being 500mil Mcap ish.

Tuesday i think will be the day. Remember us O and G workers base our time on our trips 2 weeks /3 weeks etc. The fact it is a bank holiday Friday and Monday i think they got caught out.

We work every day 365/24 hr. So holidays can be forgotten.

Also delays are not necessarily bad news. I left a job 3 weeks ago with 1 week left on the planner before completions. They just finished drilling today, so a 2week delay. No dramas just natural slippage and the fact the planners always are best best case , for logistics and personal.

So the question is as always that we have to be patient, i am in with a 0.3p average and to be honest nothing changes until we get the news.

It always makes me laugh with people being dramatic about delays.

Lets hope we get some good news in Flow check 1st reservoir before we move to the 2nd reservoir target to test.

When they run the test tool and inflate the packer to isolate the reservoir. Once they reduce the pressure to get the influx that initial pressure build up will give them indications even before they circulate out the fluid under controlled conditions. You basically inducing a kick in controlled conditions ( amounts and pressure) .

Now when they circulate that our they can extrapolate a volume vs time and a quality of oil can also be tested, water vs oil for example.

Alaska is a controlled flare zone as mentioned but sometimes oil plays do not flare much anyways if it was allowed.

250m mcap is what 1p to 1.1pish a share.

Well yes it would but people forget, finding a discovery is only 1 part of the puzzle. The most costly part is setting up the production systems and getting it all to market before toy get paid.

This means there will be lots of money to be spent before the full money making.

This is why unless in for the very long term this share maybe up down and sideways.

Agree 30% profit is not to be sniffed at. But hopefully we play the longer game for more .

That is a good point. Who do you use to access Level 2? . Just for curiosity. Getting more into trading slowly and steady. So this is something i would be interested in using.