Member Info for Ezhik

Blimey. Much more of this and we will be on the risers board !

You'll be paying 12p soon gateaux.

I guess we will all wake up in the horny mornin mood on Monday.

What ever you do, don't drop in to see how your investment is going and key in Bloc instead of Bloe, it makes for palpitations.

More money pouring in--New ISA allowances--bring it on.:)

The news in in the open domain. no insider info. Production has potential gone up about 1500% fro near 60 to somewhere around 1000 with more to come from Norio and Well 38. Gas isn't even in the mix yet. 30p possible this year.

Bloe SP rose 80% at one point but closed the day just 50% up from the open. it did not double or triple. It has since risen a further 23% from the initial 50% rise. The rise so far has been extremely muted when you consider that if the 1100 bbls shown on test becomes a reality they will have increased production by about 1500% from where it was. The price did not move from $2 - $7.5 as you suggest. The SP rose from just above 4p to just above 6p and then dropped back below 6 p the next day and then rose 23% yesterday. Overall it is up about 75% in the week. very nice, but it hasn't doubled or trebled.
Check the facts and stop guessing and take a look in the mirror to see what a div looks like. Have a nice day all.

"The flow, limited by the capacity of the testing facilities, quickly stabilised to a rate of 1,100 bbl/d through the 2? inch tubing"

Hi S7, It will be interesting to see what happens here. The production will be via the test equipment and will be based on production and pressure recovery rates. As the oil flows and connectivity increases, recovery rates may well improve (or get shorter in fact). Production flow may therefore have the potential to exceed the tested figure, problem is, the equipment cant manage it. ;) Well 38 will need some bigger capacity pipework and storage tanks. :) £1.00 party anyone.

Come on Zen, have we started building it yet? Things are hotting up in Georgia, its about time we got the kettle on over here too.

Well z3 in our own Zardab was into the upper Cretaceous with high initial production figures. Can't recall the number off hand, but there is sufficient analogous evidence form other fields where the late Creataceous has been successful. Let's hope that this whirligig of a rig and its band of merry men can get it right. We may even get a 50% shot in the arm on the price up to a heady 4p.

S7. (I wasn't going to post again due to being P'd off yesterday ) Thanks for the reminder.

I am curious to find out what they did if anything with the production tubing that sits inside the prod casing with a packer. did they pull it out yet, I cant see any reference to it.

Also, will be interesting to find out what they are doing about extending the casing into the extra 250 or so metres. it must be a smaller diameter than existing and then run the tubing inside it I guess.

Anyhow...lets see the rig operational first. ATB

3000bbls a day might do it, but at what dilution by that time?. this is the concern I/we have and yes we all know that Andrea has put his own cash into it and stands to lose etc, but his own investment is being hedged against his fairly large remuneration which at these prices gives him millions of extra shares. My initial target was to achieve 20p within 2 years of IPO based on the original plan. That changed to the hope of getting my money back at 10p, now 5p looks like a big ask. C37 is at the moment just a 'maybe possible' to get some more barrels out of it and something of an experiment to 'see what happens' with the 'crossing of the fingers'. It will test the rig and may just become a learning on the job exercise. I have very little expectation from it tbh.
We have no record of pedigree from the geologists or the ability of Ion Tica to do anything other than collect data and manage production for optimum performance as per previous employment. We are at the mercy of the rig, the crew and their competence not to collapse the well, get something stuck or damage it beyond repair and then after managing that, there needs to be some measures to stop it blocking up directly after it is tested.. Not happy at all, such to the point that I may not post again until they have drilled the thing.

K.B. If you are watching then I agree that he SP performance at Bloe is worrying when analogous to what we are expecting. Nothing is ever as it seems and although there doesn't appear to be an issue over there, perhaps the large shareholding of GOG is a worry or there is doubt about sustainable flows with a slotted liner, I don't know, but the price should be much higher.

Sells probably done to avoid the inevitable return to 2.6. why didn't I just take the 70k loss and put all of whats left in the other stock I do not know.
Now we have 17m more shares to be sold on by those requesting to buy in cheaply and another 20m to come from Canada, almost 40m dilutive shares. 5p is now the old 10p so far as Mcap is concerned. Investors wanted in before drilling starts. doesn't help sufferers.

Somewhat mediocre reaction to this achievement.

Should be £50m. They have achieved in less than a year what most small oilies take years and often never achieve. Shares in circulation are tiny by comparison to many.. Another well of similar potential is sitting ready to go. With These two wells, the gas and Norio. 50p year end.

Another couple of months to chew nails over here yet but all to play for.

whoops 1000bbls not 100.
Come on Zen, get the rig up and running. could do with a 50-100% day over here too.

Yep, straight to 100bbls a day from one sidetrack well. Its not RBD but that is also a good stock AJ, I have seen you across there ( sorry, I mentioned another stock by name--maybe I will get 'blocked' (lol)

Just had a thought that after the well has been put into production instead of running through the test equipment, the rate may actually increase. :)