Member Info for Hms687

Good summary Blubay 👍

W/N either has insider information or he is abreast of the games being played by another Aim company

But wha the heck, I’m in a bit deep so I’m wanting to see solid oil . Yes I know I’ve only invested what I can afford to lose; but I’d much rather gain lots instead

Another little spending money Top Up done this afternoon to help my averaging down

Also, in five attempts, Leeds United have never promotion through the play offs.

AND IM A MASSIVE LEEDS FAN

😄

Aye, but knowing our luck, probably with our luck and our history, we’re not even drilling in the right field

But do you think that’s good or bad ?

maybe it’s just ugly ?

Before we had produced a single drop of oil the SP here was about five times what it is now !

Ok, I think I might’ve meant rotary g the same mistakes again and again

When someone repeats the same action again and again but still expects a different reaction ?

A bit like buying shares here !

Mind you, whatever it’s called, I’m equally guilty :-))

I think we have about 7.2 billion gallons oil recoverable. Current global oil is about $85 so we’re holding about £500M in redo arable oil ( ball figure).

The following from December RNS :-

· As previously announced, as a result of the SCHB 2(2.) well, the Company has recently increased its Best Estimate of recoverable reserves on the Erfelden field from 3.8 million barrels to 7.2 million barrels.

· The Company continues to estimate that given the excellent reservoir properties and the light oil recovered, and in the absence of an invasion zone which restricts flowrate, the SCHB 2(2.) well could achieve production in the region of 900 bopd.

· At those flow rates, the Company would expect to deliver operating cash flows in the order of US$1.5 million per month (assuming $80/bbl Brent).

By end of May, the SP will be either UP or DOWN, but significantly.

I’m betting about 70% UP and 30% DOWN.

Hence my usual mantra, only invest money you don’t need back in a hurry.

As far as I’m concerned, I’d be extremely happy just to see it walk never mind run.

Once that happens, things will quickly start to motor.

So thankfully and touch wood, we are so far making progress reasonably as per latest timescales. I’m very happy with that but still cannot relax much until we see real news of actual (reasonable) flow of oil.

Plenty still for people to consider including potential stake building or even exit strategies. Myself I’m in no rush.

I’d agree my immediate short term target is about 0.25p. Much higher going fireard

I agree, 150 bpd is the magic figure for now as it means self financing. It also means we’re all set for amazing prospects and this SP could well become a MULTI MULTI BAGGER within 2024.

Please Beacon, I’m begging, no more mess ups.

No sorry Roger, there’s a slippage if a whole week compared to announcement in pre ious RNS. A week here, couple weeks there, it all adds up and IT HAS added up ! June 23 to June 24.

Also, you just cannot ignore the oast as it can also inform the future - basic really.

As I e alluded before, even minor failures can be a good thing SO LONG AS A COMOANY LEARNS LESSINS..

Hey Roger, are you out of your mind : “No slippage” !

Yes we might finally get oil in June, but young Karry talked about June 2023 NOT 2024

Don’t get over emotional mate and as I keep saying - my golden rule - ONLY invest what you can completely afford to lose

Larry first promised we’d see oil produced in JUNE 2023 so effective ly and cumulatively a whole year in slippage

Well, if after a good couple of weeks readings, the bpd hasn’t even reached 150 pd then yeah, we’ve all had it in my view. The low rate will not enable esp and I really do feel potential for yet another fundraiser and that would be absolutely dreadful.

The current slippage of just over a week is bad news but actually I see it as positive because it’s only slippage if one week and nowt more severe.

BUT we really can’t afford any more farting around

I just can’t resist throwing in my spare pocket money cash as a top up to make a nice round figure with my millions of shares.

The risk is high but potential rewards even higher.

ALL MY MINEY IS HERE IS DISPOSABLE ! - note showing off but just a cautionary note to non experienced investors

Well, another little slippage if about a week slipped in the small print.

Mind you I always always expected this and I’m relieved it’s not anything worse. I’d always projected June for us to get a grip and that’s how it seems to be looking.

Touch wood but so far, on the whole so good.

I am more positive today than I was a couple of weeks ago.