Member Info for gordon1237

The suspension is only for 4 days. Probably no significant news in that time. Gla.

I've been ready for seven years Espen. Lol. Gla.

" Are we nearly there yet?" Lol.

All we have been told is the middle of July. Results probably late August.

A bit depressing after the rise earlier in the week.

Agreed Gareth. As I said, with a successful refrac there will be a real incentive. Really, I see the refrac as a means to an end, that end being to put a decent valuation on the asset and get a great jv deal. Atb.

Well Gareth, the original rate was 0.5 mmscfd and for previous production was as high as 1 mmscfd, so clearly if the problems are ironed out, it can support at least that. All irrelevant really, if the refrac is successful the flow rates will be much much higher from the new wells and there will be a real incentive to sort it out. They have previously said the aim is to aggregate sufficient production to connect to a high pressure system. Atb.

Choo choo.
Gla.

level of buying today. Long may it continue. Gla.

Hopefully, after the refrac results are known, it could be that valuation or higher

Maestro. That valuation was before the difficulties with fraccing were known about. Hopefully, after the refrac results are known, it could be that are higher, but until those results come though, we just dont know. Atb.

Hope not. That would be a disaster for the wider economy and those in poverty.

Maestro. They have said they will refrac 2 zones from which they are hoping for around 2mmscfd .
For the new wells they are hoping for 4-5 mmscfd. Atb.

Yes lah0re you were right. Strange thing is what was presumably the buy trade was showing up at 0.155 instead of 0.165 as in the rns, which is what made it look like a sell.

Lol.

Could in theory be a bed and ISA. Still doesn't add up for the other reasons given.

Shouldn't think so. B & B was banned for tax saving purposes in 1998. Need a 30 day gap between selling and buying for that to be allowed. Anyway the trades are too low for any to be buys. Some are negative which usually means a trade has been cancelled or is invalid, although some dont match exactly

Not sure Vf,but they said they were hoping for 2 mmscfd from 2 frac zones in the refrac and up to 5 mmscfd from the new wells, presumably from more zones.

Not multi tcf but still plenty enough to make us all a few bob, if all goes well.

They weren't fully aware of the problems with the geology until they drilled and fracced 76h and 77h. Hopefully, the new approach will give them the 3 to 5 mmscfd from the new wells they (and us) are hoping for.
The actual recoverable 2P resource is an estimated 206 bcf as given in this rns.
https://www.lse.co.uk/rns/OEX/cambay-reserves-re-classification-p8l4x6k8fxngek1.html