Member Info for gordon1237

Elegance. The condensate is quite profitable. We know from the presentation that a flow rate of 1 mmscfd produces around 40 barrels of condensate per day. The gas comes to about 8500 and the condensate to 3200 usd per day. So very significant.

Thanks guys.

Eagle. On this occasion, I apologise for accusing you of inventing it.

No sign of the mythical 14 million sell then ?

" 14, 000, 000 dump". Another made up number from Eagle.

We all hope the end doesn't turn up. Lol.

Going to the wire?

All true, but let's not jump the gun. Still 3 days to go.

Too right Sausage. Hopefully, we get that news but if not we will be left wondering why the hell they scheduled the meeting if they weren't certain news would come before.

Sprint. I said to Eagle at the time that if he was going to make up a number he should have made it more realistic.

I roughly agree with your maths. They increased the target to 1 mmscfd in the latest presentation.

" The flow rate isn't the be all and end all." Exactly what I've been saying all along. 77h is in no way representative of the new wells.

I am hoping the very fact that that the plan in the presentation called for Capex of 40 million in the first year means they are confident.

Eagle. Don't think it will come to it, but they can't possibly go it alone. One well would cost 10 million usd.

DP. There quite simply has to be a jv. Otherwise, can't see how they can raise enough to drill. Not sure it will be announced by Wednesday.

Fair points Sausage. It still would seem odd to me, to leave it that late. Does anyone know how long these things usually last ? I was assuming an hour or so.

Disagree Sausage. Questions can only be submitted upto 9am on Tuesday or during the meeting. Only my opinion however, so not long to wait.

I think it would be well out of order if it dropped Wednesday morning. That would mean it would only be possible to respond during the meeting.

This morning I asked Briana if we could expect anything before Wednesday. A bit daft, I know, and I wasn't expecting her to give anything away and I was right. She replied

"If we have an update prior to the IMC, we will release an RNS."

There have been times, a good few years ago, when it would go weeks without a post.

It is bizarre VF. Almost zero interest. Let's hope Roland gives an electrifying performance on Wednesday and galvanises the market. Joe managed it in April 2021.

Lol.

As a physicist, one thing I do know is that thinking of a reason why something might have happened does not mean that it is actually the real reason. Yes it would be nice to know. We may or may not be told in an rns. You may be right. Or not.

Gla.