Member Info for gordon1237

Any link fjones? Atb.

to say that it's quite amusing that it's us Brits who must have ingrained bureaucracy into the Indian people. Perhaps they are now having a laugh at our expense. My Indian friend Raj certainly finds it hilarious. Lol. Ayb.

"So the real question is, which posters are genuine and which belong to a group of investors wishing to lower the share price? Fascinating monitoring the comments."
Maybe I'm naive. Must have said a million times, dont believe that such things exist or work. Dont believe there's any conspiracy. Just the turn of events that has lowered the Share price.

Thanks for your kind thoughts olilman.
You seem go be repeating yourself. The company wont/can't provide facts that haven't been in an rns. How many times have you predicted turn on this week? It may well happen. Who knows?
Not the same company I keep referring to? I was actually thinking of more recent history and the fact that everything takes vastly longer than they seem to believe. The new management srrms no different to the old in that respect. Atb.

Oilman. Share-Hobbit has actually posted 12 times. The counting system on here is crap.
As for contacting the company there really is no point they won't tell us anything, just as they haven't told you anything. Indeed they can't tell you anything significant that hasn't been in an rns. Verify what exactly? Personally, I don't doubt that production and refrac will happen eventually and that bureaucracy is largely to blame. Its just that they have seemed clueless with regard to how long anything is going to take, for a year now.
Also the delay in refrac due to equipment shortage is surely something they should have anticipated? I think it is now nearly a month since you first said the taps were about to be turned on so surely you must feel (even if only inadvertently) a little misled. Dont misunderstand me. Most of us value your and Jasper's insights but I have to agree there is no real inside info there. Atb. Gla.

Thanks for the advice guys. Do feel like I've over done it today. Feel worse than yesterday. Must take it slower. Atb.

Yep you're right, never felt pain like it. Hope it's no pain no gain. Atb.

Presumably because the "imminent" production hasn't started yet.

Gspc stopped paying Oilex because Ron Miller spent $30 million on 77h for minimal return. Overall $125 million was spent on the Cambay field for very little. It is is very much hoped that modified fracking techniques change all that, but thre proof of the pudding is very much in the fracking.

Hi Share Hobbit. When they finally shut down the two wells the flow rates were much much lower than that. They are expecting the pressure will build up due to being shut in, which should up the rates again. They wiil decline again for the same reasons as before. That seemed to me not to matter too much when the refrac was only week away. Bit different now we're talking 6 months for results. I too was disappointed with the projected refrac results although they did say the new wells woukd be higher still. Trouble is they cant prove that until they drill, leaving more uncertainty. Atb. Gla.

Thanks WTB and Callum. Posting from home. In on Friday out Sunday midday. They kick you out with industrial strength pain killers and a load of physio exercises. Bloody painful and very slow to do anything. Just like Oilex. Lol. Hopefully we both improve over the coming weeks and months and it will have been worthwhile. Atb. Gla.

At one point they said the flow was only expected to cover expenses. That would be good as most of the expenses would occur anyway. The flow rates will of course decline, which wouldn't have mattered much if the refrac really had been imminent.

Been obvious for at least a month refrac wouldn't happen in q1. Now going to be Q3 at least before we see refrac results. That's if there are no further delays. Let's hope the income from the cyclic production from the two wells is enough to make them cash flow positive. Otherwise they will need more cash. Gla.

Thanks F.

Cheers Espen.

Thanks Oilman.

Cheers Blue.

From a purely personal point of view, I'm hoping there's no big news tomorrow as I'm going into hospital for hip replacement surgery. Gla.

Looks good. Gla.

So, provided we can be cash positive from production in a few weeks they shouldn't need a further raising.