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Elegance, no I’m not. At least not for the time being.
Elegance, I’m not particularly. I have however done a bit 9of reading research papers etc., ( the academic in me.. )to understand better what is involved in a flow back exercise, what the risks are and so on. That does however not mean I can tell what will happen in next 10 days to the flow rate. Unfortunately there is no simple answer to that. I’ll leave that to Roland to comment upon. Atb - I found the update positive, and believe nervousness of still seeing 0.5 made many nervous leading to them selling up. Everyone to their own. 10 days max hopefully until next update.
Do we know if the low-grid limitation issues are resolved?
Tsb, I for one did not see any reference to any material issues/delays, which would indicate we’re still on track for a more complete update within next 10 days or so.
Of course more work to be completed in coming days, but seems pretty upbeat based upon how I read it.
Yes, I believe (unless you are skilled enough to interpret the technical figures in the rns), then focus on the commentary, which includes I believe only positives.
Not exactly buzzing, is it..
Yeah, I’m not too concerned they’ll get rid of it via a “fire sale” - atb
Let’s see, if folks will take position towards end of week. I suppose, if one were to be optimistic on the timelines, 10 days could be as soon as coming Monday morning. Time will tell.
Yes, looks to have been sorted in last few mins - onwards and upwards. Let’s see if Google will also follow suit
Gordon, might be we will see increase in volume come Wednesday of HL will again be available for trading the stocks. I agree, hopefully a bit of a build up over next 8 days or so (2 already eaten up by the weekend) Time will tell - atb
Thanks builder. Not great really is it. We will get there though - patience is a deed they say.
Corby, fair due. Must admit I’m pretty confident it’ll sort itself out eventually.
Must admit it was quite a sight yesterday when looking at ADVFN and share price showed as 130 pence. I thought for a second my portfolio was worth +£300m - lol
HL is by far the bigger platform used by oilex holders. Just go and look at the “major shareholding” section of their web site. Bodes well for next week - well done all, cracking end to the week.
I suppose the rns details was as positive as they can be at this stage. An indication that frac has been efficient, is what we last week said we could hope. Good end to the week. Atb
Fully agree with Dartron. It will probably just need some additional time to get fully updated across all relevant platforms. Good to see the SP on the few trades gone through are up by a fair bit - onwards and upwards
Yes, VF. I posted link to a paper by slb yesterday. 48-72 they say it usually takes. Based upon that, very earliest would be tomorrow sometime. Mind you, I assume more likely to be sometime on the weekend before it’s all completed. We should know soon enough
Indeed, let’s not get greedy..
Having read up about the advancements over the last 8 years or so, it is not unreasonable it would exceed the historical targets. Add also the much higher price for gas.
It will indeed Gordon. Based upon following overview directly from Schlumberger, they say well testing usually can get underway 48-72 hours after commencement of the cleanup. This means strictly gas can start to flow already this weekend. As to when they (syn) will indicate/release flow rates remains to be seen of course, as flow won’t be stable straight away.
https://www.slb.com/videos/flowback-and-well-testing
Exciting times ahead!