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Going into 2024.

The only hope I have is that the BOD will allow maximum time before year is out for the GGS to actually produce 2000bopd / or allow maximum time before year out to register 1 days highest output of oil - Whichever comes first.

Formulating Guidance is incumbent on understanding miscible flood response to injection and thus they will need max amount of time before year end.

This is what I hold on to as my Investment decision was purely based on GGS. The JV was to do with Art and anything he touches turns to skittles.

Unnd is brilliant on the Bonds. Very helpful to this bb. Thank you.

Maybe the BOD are not releasing the RNS until we actually pump 2000bopd ?? Then as field stabilisation occurs obvs more to come. I believe once pressure builds up on the miscible then bopd exponentially increase. That makes sense to me given that initial injection offers no initial increase in bopd that is of note.

Maybe there’s a hole in the reservoir letting the gas out as they pump it in ? We need that 2000 RNS !!!

All the BOD need to does is release a cost effective plan to get to 5000bopd. Now they have made a commitment to get to 2000bopd by Q1 and offer Full year guidance. Either we have a billion barrels that is accessible and long life or we don’t. So stop stalling a deliver a cost effective plan to release the potential. Slowly slowly catch a monkey suits me just fine. The BOD plans have to be in discussion with Senior Lender who’s Terms need fulfilling mid point 2025.

Given that we have Arts billion barrels ???!!!!!

Well that RNS was straight to the point. I can only hope that the BOD wanted to keep Bad News separate from Good News ? But I’m defending the indefensible here. No thought given whatsoever to Shareholders.

I mean … What’s wrong with informing shareholders that they have a plan b to get to 5000bopd ?

Good point Eazy re Gas Flaring lack of. We need good news to follow now. Tmoro …

I see 5/6 Trucks or same trucks but double runs 7 days a week as significant. Dare I say 3000 in the medium term is another 5 Truck runs. Throw in the Wyoming harsh winter and I think the BOD have no intention of a repeat of the downtime suffered earlier this year. Hence the road investment hint.

To be fair the BOD have dropped subtle hints re GGS outcome imo. If we are to achieve 2000bopd in short order / then being almost double recent Production / some planning has to be done ie : They are going to need double amount of Trucks to Transport oil to Market. Given that they mentioned about road infrastructure costs then ….

Expecting Decent News tmoro.

Good Post by Wwal re Bonds. Complicated mechanism. 337 pages re Finance can only lead to a bad deal for Shareholders (obvs). Let’s hope the JV is other way round and has 600 pages !!

Correction 4.4 Max SP.

And there wasn’t a Billion Shares in Issue back then..

It never went to 5p Senior Tibs you Crook. 4.3 was max. Why the rise I wonder ?

I’m hoping the GGS works then I’ll re assess. 1 week to go until RNS.

A good day to you all.

Desperados.

It’s impossible to have a grown up discussion unfortunately.

A good day to all.

Read up on the Bakken field. No guarantees.

Here we go…. 50% recovery on EOR. It’s guaranteed lol… No it is not !!!

Eazy. Defending the indefensible. 16 billion barrels in the ground. Recovery rate ??

Back in April Tiburn said this could be £1 by end of year. 50p was conservative lol.

Experts..

Very dangerous people indeed…