RE: The Rns25 Mar 2019 18:41
I have to say when I first read the RNS I, like Murfman (in his 1st post) was wondering if this could imply a resource upgrade in the TE5/6/7 horst area. The RNS really only states the GOIP volumes centred on the TE7 well, using long term pressure readings, have increased by nearly 300%. But can we extrapolate anything from this regarding the wider area? It was good good news & I at once thought of Pantheon & their attempt at horizontal drilling in East Texas. They unfortunately failed to prove the concept but we didn't. With today's RNS investors can gleam an insight into the economic possibilities of our horizontal drilling concept in the Horst concession. With the added bonus of the confidence & belief that TE10 can flow naturally (that came out of the 'Mayfair Meeting') I am confident enough to add more shares. I had an LO for 22.50 & Friday's close was 22.60 on the offer...but blow me when I thought I would be filled this morning bang came that RNS. But I am still expecting to be served at 22.50 & if so, that will constitute my final Sound top-up!
Cheers all & hopefully my resignation has now arrived at the Chip Shop bedsit of Messrs Jez & Simon - dodgy proprietors of a very downstream, downmarket & extremely gaseous enterprise! I learned absolutely nothing from my regretful association...except how to see the downside of everything!
Regards & best wishes to Chuckle Brothers...the last laugh will be on you!