Member Info for gordon1237

Yes Espen, but the question is how much benefit are we likely to before thr sale goes through ?

There are now just 44 days left of the exclusivity period.

I asked Briana roughly how long was it likely to be

for the new well to be drilled and go into production. No response.

Good progress.

" Workover Operations:

Following the recent work over, the Cambay C-64 well has been producing at an average of 30 bopd over the last 5 days.

The C-72 well is still being cleared of brine "kill" fluid and stable production levels have yet to be achieved.

The work over of the C-74 well has been completed with a sucker rod pump ("SRP") having been installed and the well is being prepared to be placed on production.

The Aakash work over rig has been mobilized to the C-19z well to attempt a well clean up operation.

Drilling Operations:

The C-78 well has reached Total Depth at 1827 meters in the 8.5 inch hole section having intersected target OSII formation at a depth of 1745 meters. The well is currently being logged."

What's going on ?

From the September 2021 quarterly report.

" The Company is focussing on re-establishing a field program including a re-frac of the existing C-77H well to increase production and to develop a reliable fraccing methodology that can be applied to future wells. In this respect the Company is planning two new horizontal wells (C-78H and C-79H), subject to securing the necessary funding, for H2 2022 and has issued a Request for Quotation for well management services for the execution. Funding requirements."

H2 2022 !!!

Ah yes, that was Carrot. When I asked Briana she said it was nonsense.

What rumour's that K ?

Absolutely fantastic. Thought this day would never come. A quid now looks a real possibility at which point with an average of 52 and at the age of 77 I should probably sell out. Gla.

Yes about right Wolf.

Drilling seems to be going well.

They've already worked over several others Sausage, without any great returns.

Yes, I'm afraid you're right mr wolf. Almost certainly a done deal for reasons we may never know. Was hoping Roland had something up his sleeve but not looking likely.

Agreed Espen. I'm clinging to the hope that production from the new well comes in quick enough and good enough to stop the sale or maybe increase the price to some more realistic.

Unfortunately, I think that makes me like the protagonist of this song.

https://youtu.be/XBZUz4C6kqk?si=7bn10bI_Ljpl0He7

Agreed Sausage. Especially the new well starting today. How long to drill and start production? Makes the imminent sale even harder to understand.

Another month with nothing. Worst year by a big margin. Less than 1% return.

AGM 28th November.

Now just 2 months to go of the period in which the sale is supposed to be finalised.

Not just your opinion Sausage. Until now, apparently, it's always been the company's opinion that it is worth far more.

Without Cambay there is no income for vanity projects or anything else. The first payment from the sale could be at least 6 months away so why the heck can't they hang on, if the the new wellvid really that close ? Surely there's something they're not telling us?

It's just incomprehensible. It makes it sound like the drilling of the new well is imminent. If that's really the case why the hell are they selling ? I mean it's just WTF.