Member Info for commy

coggy.post rec.

RR.good or bad rns? that depends on your perspective.some invested based on the 202tcf of gas.whilst the ud2 well proves that the gas is there,we have to prove that it is recoverable and economically viable.to date we have not proven that.
the oil at taribani is different.we already knew the oil was there and being produced from zone 9 at dino2.the question still remained if the oil is recoverable AND economically viable.i think that todays rns proved that the answer is YES.don`t get me wrong,the 629 boe is the initial flow and the best of the results from the different choke sizes.hpwever even at 250bod we would be producing roughly $6.3m dollars of income pa.times that by the three wells so far and we should be generating a nice profit.we just need to scale this up as quickly as we can.i think that there is more chance of a jv on this field as it is proven and the economics make good reading.i suspect that is why we had an ii willing to fund niko1.

abz.LOL. I reckon that's two he doesn`t like now.

ripcat.no it is the initial flows.malcys blog seems to indicate ewt results but that is not correct.be another couple of months for ewt results

morning hawk.yes mate things looking good on the oil side and revenues should be good.honestly think that the idea of sidetracking ud2 is a red herring though.think that they will for now just concentrate on taribani.almost guaranteed success on any future wells and plenty of scope in all the different zones for much larger quantities from each well.it seems that with these first few wells they are experimenting with the different zones and different reservoirs to find the optimum way to produce from them.once they have established that we will probably see a set formula for each new well.
I thing that on the gas side of things that they are going to have to come up with a new plan.possibly drill a completely new well,which will be very costly.don`t believe that this will happen for at least a couple of years though.
I suspect that over the coming weeks we will get some very positive rns`s on the testing on t45 and dino.

mole.yipeeee!!!.although our posts worded differently we seem to agree on everything this morning.i note with interest your thoughts on going deeper at niko.i was actually just thinking the same.having re-read the rns a few times it came to me that they are mentioning zones 20,23 and 25 in eldari b for the first time in this new well program.also note that the company stated"The Company anticipates that production rates from future development wells may be significantly higher".this would suggest that they do indeed intend to go to 20,23,25 in future wells.
anyway makes a nice change for us to be thinking on very similar lines.lol.

this morning.people can try to dress up the ud2 status as much as they want but I don`t see them touching it again any time soon.t39 result was verygood indeed.flowing 529 barrels from zone 19 alone,be interesting to see the figures when they flow from several zones.i suspect tha they knew about the gas a while ago and decided to wait for first results from t39 to mitigate the negative effect.i think that weith the first payment paid in cash that this sort of balances things out.
results on t45 and dino 2 are due soon.i think that the company wanted to get the ud2 result out of the way first.this way when we get the test results from t45 and dino we should see a substantial rise.
whilst I see this as overall positive I am obviously disappointed with the gas result.i wouldn`t be surprised to see the mm smash it down in the first hour or so.people using stop losses need to be careful in my opinion.i do suspect that we will have a blue day by close though.

jabond.lol.I`m easy to please,take your pick..

devex. no disrespect but,ifs ands pots and pans just doesn`t cut it for me.zaza can say what he likes,and you can reiterate what he says at a presentation but it doesn`t mean diddly squat in the real world.once again I would ask "have we referforated using the 70 tons of proppant? I don`t know the answer to this and am curious as to why we haven`t heard.initiallly we had gas coming from just 15% of the perf,has that improved? again I don`t know.
this theory of holding your hand close to your chest worries me.sounds a bit like the Brexit negotiations.think it would be much better to get the job don` and say we are now producing "xyz" from "x"zones.that way if there is a third party then ttheir hand would be forced.there are many other worrying aspects.ever heard of "price sensitive information".jeez.

oops sorry dev.copied the wrong bit.that wasn`t youthe response was to this "But getting gas out of the ground in real scale is a wholly different ball game - and will depend on a third party of some sort."

JEEZ again.

devex. " You could view 0.34p as a bargain opportunity with YA dealt with and neither the Oil or gas has been priced" wow really? hate to go over old ground but we were told in oct17 that we would not only be producing but also selling the gas by the end of the year,no mention of a third party that I recall.then in jan told we needed to reperforate with 70 tons of proppant.has that happened? if so when? what were the results? why would we need a third party when we didn`t mention one in the first place?

mole "Commy - you miss the point of my post by jumping in and not reading the context of my post." I didn`t "jump in".i read all of your post.you may note that in my response I wasn`t referring to the sp.i was referring to the "neither the Oil or gas has been priced" part of your post.as for getting frustrated as I like,you are right I will.
apologies to both of you for forgetting my rose tinted glasses this morning.lol

things posted here starting to get me mad.the derampers are so f...ing obvious and are rightly put down by the lth,but some of the posts by long term holders are doing my head in just as much.whilst I understand that some of the lth are respected and appreciated,some of the things said are just as nonsensical as the deramps.

devex. "Re the view of oil or gas - well the whole business model now is based on the oil and organic growth." FFS.i suppose we will just forget about the gas then?? the same gas that we were told would be" transformational for the company".WHI haven`t priced it in??FFS they have been spouting their values for donkeys and we are nowhere near.utter ******

mole "You could view 0.34p as a bargain opportunity with YA dealt with and neither the Oil or gas has been priced"

FFS. not priced?? are you kidding me? yes,i know about the supposed $400million investment,but to suggest that neither the oil or gas are priced in is a total joke.i had a look this am at zen,in april they produced $500k of oil which I think is their best month to date,they have a market cap of £8 million we have a market cap of £54 millionof course there is a value of the asset itself but until we actually start to produce and actually get some numbers we will linger where we are.reality is that the gas and oil are somewhat priced in.if and I say IF we can produce in decent numbers from both the gas and oil then obviously I would expect the sp to multiply.
at this moment in time we are a company that is losing many $millions a year and producing very littletime for people to wake up and understand that the sp is where it is because we are losing money and still have multi million dollar debts.pleas don`t make ma laugh and say that the oil and gas are not priced in.
probably going to get slated now for being disrespectful to two of the best posters on the board.well,i can deal with that.just sometimes like to say it as it is.

maybe and maybe not.as I understand it we have very little storage capacity.therefore we need to move the oil to the depot,hence the twitter picture of the wagons.if we think on the positive side that all three wells are producing say 300 bopd,that would mean moning 27000 barrels a month.consider the people involved,the guys loading the oil,the people at the oil depot,the people doing the documentation,the accountants?banks handling the money.
yet here we are sat at a lower sp than 1,2 or 3 months ago.i find it hard to believe that we have a barnstormer of an rns coming and the whole thing has been kept secret.
it is of course possible that a big player is accumulating and shorting at the same time to keep the sp in check.the problem with that theory is the volume has dried up.not sure what to make of it really.this post may sound negative but I actually don`t have a clue what is going on in the background.just a question of hoping and I don`t think that is the best investment strategy.regardless of my musings I plan to stay and see it out.

mole.totally agree.we are nearly 100 days into the t45 testing.there is no way that they can put off releasing this info until the interims.this is price sensitive info,whether good or bad.to wait for interims would be approx. 150 days for t45 and 120 for dino.no way is that going to happen.fully expecting first results this week.

at my age most people have a bucket list.things you want to do or see before you die.looking through this mornings posts I have added three things that I want to see.they include mapp,vinny and lulu.make of that what you will but I am going to enjoy my day just thinking about it.lol

some very starnge trades popped up.never seen any trades like that.

timster.would be nice if you could teach my wife how to correspond like that.my ears would get such a rest.lol

FG.yep,same with most shares.seems we are supposed to sit in the dark with our heads up or ar*e and wait until our saviour decides to release something.anybody posts something positive whether true or not gets half a dozen recs.question something,well that's another matter.same with trades.someone posts "nice 5 million buy" gets a few tick ups.
wonder why nobody mentions the 7.5million sell or the 5.5 million one.oops best be careful how far I go with this post or I`ll get filtered.lol

rb.yes mate you are right.i had taken the end of drilling update in apr and therefore assumed 5 weeks to 21st may.so two weeks maybe from 1st july for initial flow.

rb40.i wouldn`t hold my breath if I were you.you think that we will get flow rates for t39 soon?? we didn`t hear anything on dino for 5 weeks after completion of drilling so I expect similar for t39,which would put us somewhere around first week of august.

people are misreading/misunderstanding what zaza said.when he says all results together,he doesn`t mean all wells.what he means is that he`s not going to give a drip feed of info on each well until he has the combined flow rates for all the zones in that one well.ffs if it was all wells then it would be a never ending story.imagine that next month he announces a further well to commence in jan/feb.you really think that this could happen???.we will get each result for each well once ewt is completed on that well.should be very soon I hope.