Member Info for gordon1237

The only problem is Ssccss is that people have been saying it was a rock bottom price when it was double, five times, ten times, twenty times and fifty times the current price. I can say that as someone who has bought at everything from around the current price to fifty times it. I may yet buy more for one final punt. What sort of an idiot does that make me? Lol.

K. Well, the sp would need to increase about six fold for Roland to claim any shareholder value during his time in post.

I'd be over the moon with the 2022 sp.

You beat me by 3 years Hedge. Coming up to my tenth anniversary very soon. Lol.

As usual here's the approximate sp at the start of January since 2011.

2011 30.2

2012 13.1

2013 5.0

2014 5.1

2015 2.1

2016 0.5

2017 0.38

2018 0.25

2019 0.30

2020 0.17

2021 0.078

2022 0.22

2023 0.0675

2024 0.0725

2025 0.048

2026 ????

****nal. i did say previously that the only way i could see the workovers increasing the sp was that if the current sp was pricing in the possibility of a further raise. a decent income from the workovers should remove that risk and might give us an increase. time will tell. gla.

The new wells are all that really matter. The function of the workovers is to tide us over until the new wells are producing.

This will be for multiple projects that Selan have on the go, not just Cambay.

One thing we do know is that when/if the sp passes 0.1 there will be a further 2 billion shares due to options take up from the last raise.

Anyway, here's wishing all of us a prosperous 2025.

O.0502

Now 0.502 to buy. Could have saved myself nearly 500 quid. C'est la vie.

Artificial lift

Sprint. There were 5 workovers where artificial was mentioned in addition to 77h of course. I also assumed that meant the jet pump. Yes c77h is gas but they were/are using it to move liquid i.e condensate and water.

Daniel. The 25 bopd is not from one well. It is an increase in production due to pre workover activities across all the wells.

You're right DP. Should have listened to my own previous comments that this always peaks early then falls away. Hopefully won't matter much in the bigger picture.

Bugger. Should have waited. Bought at 0.055 now 0.0517.

BTW. It's completely impossible for all time highs to be broken. I first bought for 2.5p in 2014 and it wss much higher previously. Atb.

Love to think you are right DP. Have increased my holding by 50%. The increase in income with obviously more to come is very welcome but the fact remains that everything is still dependent on the fllow rates from the new wells. If we achieve Roland's target of 8 mmscfd by the end of next year we will be laughing.

Crusty. The doubling refers to overall production from the field. C77 has been producing 100 to 150 scf per day.

Just bought at 0.055.