Member Info for gordon1237

Fair enough Dicko. It has been mentioned a few times and I assumed everyone was aware of it.
Personally, I am hoping there is also a cash element to tide them over until the new wells are producing.

Dicko. I'm surprised that you're surprised. Known that was the target since last year. I posted this email reply from Roland on November 28th.
" We urgently wish to drill new wells to build our Cambay production base but as has been stated previously, we are seeking to farm out up to 50% of the Cambay license and we hope the buy in price will be a “carry” for two wells by the successful farmee."
Atb.

Elegance. What would please me is an rns that gives a decent boost to the sp.
I have only stated facts. It has been stated many times it is a depleted well and we know even the new wells are expected to decline at 40 % pa. How is it not positive to say we may get at least 0.5 mmscfd and some welcome income?
If course it is good that negotiations are still going on rather than collapsing. That doesn't mean we can't comment on the fact that they originally said about 3 months, then 3 to 6 months and it is now 6 and a half and counting. We all want the same thing. Let's hope we get it soon. Atb.

They mentioned using the pump on the C-19z well to boost production. Didn't mention any others.
Not sure about fantastic. They confirm the pump is pretty much on the previously announced schedule and that the negotiations are still going on well past the already lengthy 3 to 6 months previously stated. A holding rns. Gla.

They achieved 0.5 mmscfd from thd refrac before being impeded by the fluid, so should hopefully get at least that. Being a depleted well it will probably decline quite quickly but should still provide some useful income from perhaps mid June.
How much longer can these bloody negotiations go on?

I think you'll find that quote was meant to be ironic sausage. Anyway let's see what the next couple of days bring. If it gets to the end of another month with no news, it becomes increasingly concerning

Maybe I'm getting naive in my old age but it didn't seem like his MO to me.

Naas. Your experience also highlights why it is important that all points of view are posted, not just the wildly positive. No reward comes without risk. Atb.

Naas. Absolutely nothing wrong with your post as far as I can see.
Marco. You say leave Roland to get on with his job. Well, an important part of that job is to keep the people who pay his wages, informed as to what is going on. Those people are us, the shareholders.

Dicko. Why wouldn't you? As for Zag he has said recently that he thinks it will come good and will buy in if it drops lower. Everyone gad their own strategy. I certainly got mine wrong, buying back in much too early, for a average of 0.19. Even I, with my usual dose of pessimisn didn't expect things to drag on this long. Atb.

Personally, I would far rather they just concentrated on the gas, given that the CCS is for many years just going to generate costs rather than revenues.
For crying our loud Roland, just tell us what is going on.

Comfortably numb indeed.
https://youtu.be/wpFo_E9Fq2k

Less important compared with the other stuff we're waiting for, but it's now 10 weeks since we had any flow rates.

Spot on.

True enough. Never even had to use it. Would probably just call the AA. Lol.

Sausage. These days you are lucky if a car even has a spare tyre. I know my last two haven't had one. Just a stupid device that inflates the tyre and seals a puncture.

No way of knowing sausage. All we do know is that everything they do, always takes far longer than they seem to think.

Of course.

Yes. The point is C77 was horizontal. The new wells are horizontal. The difference is in the modified fracking techniques used in the refac, the results of which will, hopefully, convince potential jv's of the commercial viability og Cambay.

Dicko. We know the new wells are horizontal. That's not news. C77 was horizontal.
As for that ridiculous article from the idiots at Armchairtrader, I pointed out at the time how ludicrous this bit was.
" Drilling is expected to complete in the second quarter of this year". That was the second quarter 2021,nearly two years ago. Completely impossible, but some posters still insisted it was possible to drill two wells in a matter of weeks. Lol.