Member Info for get_rich_quick

And so the wait goes on.....

I'm still aiming for 572 bopd...

Vmax, in all my disappointment with investing in AIM, I've never know the pilot hole to be widened.

IN4,

Where has Rossannan gone? I've not been following the board of late, mainly due to the likes of Chesh and Irene who post the same platitudunious tripe. Irene has zero intention explaining his 0bopd output because his rationale to most things on this board are of similar thought processes as his double entendre comments to Chesh - ill made.

That said; it's been a somewhat crushing sight this morning seeing the Sp pleasantly rise 9.34% for the huge sells to whip it straight back.

That is the pitfall of chaps like me who are locked in to my average Sp - I'm simply not prepared to add more by lowering my average even though I feel comfortable about the Saffron drill. In my opinion, if ever this was a time to invest against 'risk reep reward' (sorry to rip off your name RRR) surely it has to be now.

Anyway - I'm off to visit the last night's festivities at the Leeds Christmas market with my hot girl.

I hope you all have a lovely weekend and, that well wish also includes the 2 irritable scamps that I've mentioned above.

Regards.

"There must have been a sound reason to pilot it. Perhaps they weren't expecting good oil shows above the Lower Cruse and would have used the pilot hole for production if there hadn't been oil shows in the Upper or Middle Cruse ."

That is precisely how I've interpreted the results.

Bamps,

Apology not needed - comments made by me or received by others I don't interpret as hostile.

The art of writing anything on here, whether meant kindly, innocently or venemously, can be read a multitude of ways.

Crikey. We've all sent texts to loved ones, who know is dearly, have retorted with "WTF?".

I'm invested here and would love to see us all benefit. I've sold some of my holding but I had to - my bad circumstance dictated it.

Anyway - things are looking good.

Bamps,

Apologies - I've read it that the 8 1/5" pilot has been drilled to the TD;

"The 8 ½" pilot hole was successfully drilled to the planned depth and encountered hydrocarbon bearing zones within the tertiary target."

I don't think they are going to continue further.

I read it that they drilled to their "planned" (TD) and they've encountered oil bearing targets (whether that's at TD) or more likely an route within that range.

Again - apologies if we are both meaning the same interpretation.

Either way - it's happy days.

"The 8 ½" pilot hole was successfully drilled to the planned depth and encountered hydrocarbon bearing zones within the tertiary target. This provided the Company with the knowledge and confidence to widen to the 17 ½" hole size and set 13 5/8" casing, which would allow future testing of encountered oil zones on a successful completion of the well.

Whilst drilling the 12 ¼" section, further shows of oil bearing intervals have been encountered within the secondary target as well as high formation pressures."

Is the tide turning?

We've all suffered a terrible time with LGO (well, those who held from 0.5 up to 6p and didn't sell....).

Our first pilot well is a success. That's a milestone in itself. Countless errors / failures can occur, but they weren't, and then the second hurdle was funding oil bearing zones, which we have.

To further that, it seems we needed to enhance the size of the hole, which the company had the "confidence" to do so. That's encouraging.

And then, they've encountered further oil bearing zones in the secondary target.

So far, we could not have asked for any more from this drill.

Yes - we don't know the pressures as of yet, if it's going to be commercial and flow rates of that, as LLL pointed out, but as he knows, we won't until full testing and completion of the widened hole is done.

LLL has tried to find the weakest of negative amongst a drill that could not have been more positive.

The end results may not be astronomical but, it seems, so far, they will produce.

Of all the drills we've done so far, this has to be the most encouraging of them all.

I noted one poster questioned why the Sp hadn't rocketed off the back of this result, but we aren't in the Aim market of 10 years ago when it would have.

We need tangible results for any gallop north, but as mentioned, this drill is in a massive step in the right direction, and I for one am very happy with this welcome news.

Have a good weekend all.

GRQ.

IN4,

And to boggle our minds even more so, Irene stated he didn't care whether whether the Sp went up / down or in circles, but he clearly cares enough to post daily...

Ho-ho-ho.

I've had a couple of rather stressful days, not that I'll air my very stinky laundry.

I've taken an unpleasant hit today, but I still hold a few and may end selling the lot.

I'm quite gutted as I've been here for around 10 years and wanted to see SWP out.

Whatever happens, even though I've made a loss, I hope no else does and we get back to the heights we once were and hopefully can be.

I wish you all the luck.

Apologies, intoxication meant my message didn't read well but you get the jist.

Many Thanks, Tecjed1.

Life has a somewhat ****tyturn today and may have to sell my holding here.

It's not ideal but I may have to sell out guys.

Financial need a must over the dream.

I did wonder if anyone had noticed the date.

The devil is in the detail...

Tex,

I sadly agree. It's probably the most amusing since the Sp has dropped...

Allow me to interject, Mr Magoo is using a whole year as defined by how long Leo has been in charge, which is right and wrong.

By the time you are 1 yr old, you are beginning your 2nd year of life.

So, when you're born, you're not 1, but you are in your first year right until the eve of your 1st birthday.

That's all Peter was inferring but Mr Magoo didn't seem to follow that.

Leo is in his 3rd year of control of the company, he just hasn't competed the full 3rd year.

Right - Wetherspoons sells alcohol in 56 mins and I know where I'm heading after this conversation

Regards.

LLL,

Apologies but I overlooked your comment;

"Personally I think it's more likely the company will become a dead duck."

I'm quite sure you said LGO was dead and buried when the for sale sign went up. Yet, a couple of years on we are in a stronger position.

Regards.

Offerman,

I generally don't comment on the daily swings of Sp and the thought mm's 'manipulate' the share price but I do believe the price does get walked down when spud news is announced.

It's probably easy for them to drop the Sp (from point of spud news) till the release of the results.

Any positive news will only, may be at best, take the price back up to where it was on the day spud news was released.

It's a sad fact the murky world of AIM sucks, and small cap companies only dig their way out of this when they hit a lot of black gold.

RKH was a prime example although that was at a very different time.

We will have to have some pretty news worthy results for us to get back up to 6 or 7p.

I'm not trying to be a doom monger but we need some pretty solid Rns' in the interim in order to stabilised or uplift the current Sp.

I know I'll be labelled a dimwit deramper so I'll put my blindfold on now and ask for a cigarette...

Irene,

As LLL has inferred. The best, and probably only, person to ask is Leo.

LLL,

I wouldn't dispute that. I have no idea how or where that figure came from but I don't hang off it how some of the bull or bear posters do.

Regards.

Irene,

You're trying very intently for a fictitious figure to be pulled out of the air with determining how much production to get to x.

A share price is based more than just shares in issues via value of a company, just as a mcap is based more than what production they are producing.

The infrastructure of the network, how exposed they are to export, licences, obviously bopd, and confirmed reserves there is in the ground that is accessible.

Companies in AIM were valued at €150-200m years ago, and they weren't producing zip. It was all based on their proven reserve - and they hadn't even drilled!

The point to my above is; if you don't know this then you've got a long way to go young man.

Regards.

Didn't I sell as the spud news was released.

In my bleak investing history on AIM this pattern usually occurs

Oh well - one day I'll learn..... May be...