Member Info for gordon1237

Aiming. They are aiming for 2 mmscfd which they say will be equivalent to 4 to 5 mmscfd from a new well with more frac zones. If they get that 2 mmscfd from the refrac it's game on.

Yeah. Total made up twaddle. Even Quint on Twitter is saying as much.

Yes Conger, the ceramic proppant is key to keeping the fracs open but it would still be encouraging to know the initial rate was good. Guess they might not release it as it could be misleading.

Yep. Baby steps. No issues is, as you say, good news. Maybe some initial flow rates next week? Or not, just have to wait and see. Opening should be interesting on Friday. Atb.

Yes Espen. If only to say it all went well, with no hitches.

The cash from operating activities was A$177k or just over £100k, which must be the revenue from oil and gas sales. Much lower than expected. Not a problem but it does emphasise how crucial a successful refrac is for the future of the company.

in the report that both new wells will now be next year rather than the first being this year. Maybe, due to continued delays in getting equipment. Gla.

Wally's spouting garbage over on Twitter. Lol. Atb.

Nice little rise today. Gla.

I have just made the mistake of engaging with Quint on Twitter. He has just posted that I and the rest of the Oex board should be ashamed of what we did to Paul? What the hell is he talking about? Clearly unhinged.

Ah! I know just the woman for that. Must give her a ring. Lol.

We can dream Conger. Personally, I'd settle for around £40 million market cap, which would give a sp of 0.5p. Gla.

BTW sausage, apparently until today you have been deramping Oilex. That's in spite of the fact that I can't remember you ever posting anything negative.

Would that be the same Quint who is claiming on Twitter today that he has 100% success rate on O & G plays this year? Was it the same Quint who said (along with Jasper) that Oilex would hit 0.4 ish just on production restarting? You couldn't make it up. Lol.

They have said 7 days for the refrac, followed by 30 to 60 days to flush the well bore and establish a consistent flow rate. They are now saying results in August so it looks like being closer to 30 days. So I would guess definitive results maybe last week in August. Hopefully, they might be able to give an encouraging hint much sooner. Gla.

They have said the results wont be announced until August, probably towards the end but maybe a hint that it all went well would give a boost.

Thanks VF. Wouldn't say very confident, just think at current price it was worth increasing my punt. Got to be a reasonable chance of a decent increase on fracking results but obviously not impossible it could go the other way. Roland must be pretty confident otherwise youd think he wouldn't have got on board in the first place. Going to be a real " squeaky bum" time in a month or so.
Kievsky. Yes it's great that Schlumberger are involved and they are of course putting their own recommendations into practice. Of course it was them who did the original frac, so they have the added incentive of it coming good and redeeming themselves. Gla.

topped up at 0.1599. Never thought I'd get back in to a greater extent than previously. Going to be an exciting/nerve wracking few weeks. Gla.

Yes, it looks like an administrative **** up in the UK. No big deal really.

It's very hard to understand the continued drop in sp when it may only be 5 or 6 weeks to the most pivotal news in Oilex's, sorry Synergia's, history. Gls.