Member Info for droberts

Boinggggg

I don't think it will go lower than this. It seems to be just bouncing between ~14-18p since the news.

This market cap is ludicrously low for this company. Especially with the cash in the bank being half of it. Crazy.

Still a lot of frac water coming back. That's significant back pressure on the reservoir. Things should speed up when that reduces. I've topped up as well.

Ballpark anyway. Wouldn't be accurate enough for a shareholder update but he knows alright where this well is heading.

You would have a good idea of the rates right from opening up the well. They will know now what the rough production rates will be. Flowing tubing head pressures and possibly downhole pressures will be being recorded. You can extrapolate that data for any fluid using PT software and get a reasonable estimate of eventual oil/gas rate.

If you really want the shares to rocket I could sell all mine. That normally does the trick.

It'll speed up as the water cut drops, less back pressure on the reservoir. As expected tbh.

That's definitely a large flame JGoater imo. Whether it's our flare, someone else's or a house fire or something...well that's another question altogether!

There's something really lighting up the low cloud on the right. Sporadic too, could be a flare alright! Right colour as well.

Is this what you're talking about?

https://weathercams.faa.gov/map/-148.81564,70.077,-147.64354,70.25361/cameraSite/13/details/camera/11666/loop-full

Maybe they don't want an RNS to go out now. There'll, more than likely, be a high water cut as the well cleans up and pushes the frac fluid back. The only rate that matters is the rate when the well is cleaned up.

There's definitely plenty of hydrocarbons down there and there's enough pressure to drive them to surface. Reservoir properties are the problem, permeability. The frac, if it did what it was designed to do, should have fixed that. That's what we're waiting to find out. It's pretty simple really.

Wasn't it mid November we should expect results? What's all the hullabaloo?

Hopefully we'll get an RNS when the plugs are drilled out. I still think that the risks running coil and drilling out these plugs is what's holding this SP back. Most folk won't know that these will be frac plugs of some sort. They're mostly composite material, the correct bit will go through them like butter.

Don't worry, just remember the golden rule...buy high...sell low.

I think the share price will take a jump once these plugs are safely drilled out and that operation is de-risked.

Somebody seen a flare?

Who buys one?

an RNS on Monday am?