Member Info for djm1

Have you got their phone number?

See there you go, another opinion on the compliance with regulations, im of a mind that like all regulations they get bent frequently, so i wouldn't put it past any company to do whatever suited them.

Thanks everyone , even you QR for the put downs,
Sea7 i understand what you're saying but do you not weigh that against past behaviour of the board?
As for what insti's know then we have opposing views on here....
V111JAS, without a timeline re 16az of exactly what happened and when confirmed by the company then we don't know that they didn't hold back on announcing bad news. So there is clearly a grey area as to compliance with respect to market regulations.

I know some here are positive on the outcome of 38az, pointing to various indicators, Solo directors and City Institutions buying in, a Bago contract, lessons learnt and applied to the drilling of 38az after 16az, but fundamentally if we see no positive RNS by Monday i would be of the opinion that the board are skating on thin ice with respect to sentiment, the share price does not really lie and it would seem that resources in the ground are worthless in these days of American Shale and Renewables, when attached to no technical competency as is the case here( the board have yet to prove this part of their skill set). So we are where we are, i am sure the board are conscious of this but if they try and bury bad news behind a spud announcement or some other such BS then we have all been had. Does anyone know what access the Insti's will have to info from Block, will they have PHs direct line and be being appraised privately as to progress?? GLA

well let's hope the warped drive of the derampers doesn't spoil things , they're life Jim but not as we know it!!

https://www.youtube.com/watch?v=R5osLo90YW0

Thanks AJW i was not aware that the packers were controllable . I thought they reacted to water contact and were placed according to suspected areas of water ingress.

I agree Cautious, there will come a point this week where doubt will start to creep in. If the board don't update this week it will look very bad in my opinion. They have to take responsibility for the sentiment here and act accordingly. My own opinion is what could they be testing this week that is not already known? I would hope today is being used as admin and sign off before an RNS.

I wish my top ups were 6 figure quantities!! Spud news on Well 30 could be part of the RNS, if its a good result on 38, we may not get as much profit taking as usual. GLA

Sea 7 has missed his calling!

No Intra day 200bopd RNS then...... I think everyone is exhausted, there is nothing left to discuss until results are out and I think they will have to be excellent to give this share the shot in the arm it needs. GLA

Hi Sea i know that's the official party line but that wont reverse bad sentiment here. One of PHs comments on 16az and the initial success was that it was expected internally and was a remark thst was I believe genuine at the time and guidance was that the horizontal here was longer by some margin than 16az and thus correspondingly greater flow could be expected. I know it's all speculation but as the days count down you can't help but wonder!

assuming the last 3 weeks has been spent testing oil and gas and not bailing large quantities of water..what level of production do people think is needed to give this share a decent shot in the arm? Over 500 to be taken seriously and 900 upwards to get the juices flowing would be my guess. Good flow of Gas wouldn't hurt either. It's the way of things that after all this time that anything other than a very good result isn't going to do much for the company's reputation or investor sentiment.

Looking at the pictures of the field on the website you'd never think there was a Pret a Manger there. Things are looking up.

Bigbench

8-9p will be the biggest p i ss er on a good flow test result ever.

Someone must have been stung by my post, its been removed. Truth hurts the most. But if you cant look honestly at your own behaviour you'll never learn. Whining and blaming is what kids do until they get a kick in the arse.

Bill,

my gut tells me that Bago will know what the situation is at 38AZ in an informal sort of way, if you gather my drift. AJW has kindly reminded us of numbers for 16AZ, in its initial and choked back states. At $5.24 the current rate is $248,000 p.a. and the initial rate is just shy of $1,000,000 p.a. Which shows that despite the initial doom and gloom,the well will pay for itself and fund its own remediation at a later date,so for those who stated its a cash burner, its not. This does not include Oil production. In fact its a free geology lesson for the next wells. I keep thinking back to the history of oil production in Georgia document and the comments that some wells produced over 3,500 bopd initial flow rates.... hope for the best and plan for the worst and all that.
GLA.

Georgia appears to be upgrading its infrastructure generally from the articles kindly linked to this board, it could all still be supplied by imports though so its all speculation at this stage. I would imagine that the Georgians would like nothing better than to use their own gas and i would love some of that to be ours!! 38az must be a known quantity by now.... the suspense is killing me!! I'm going to try not to think a bout tit till Monday morning and enjoy the weekend.
I see Mike dropped one of his unprovoked smart arse comments, it must be wonderful to have such certainty in life, everytime you walk in to a room you know catagorically you're the biggest see you next tuesday there bar none.

Where is he????? He was meant to have reported back by now!!

Which bit am i making up?