Member Info for IAmNotSpartacus

If we have an off take agreement with a buyer, they may contribute significantly to the pipeline

Vonk @ Angus said every 100bopd = 25m - 40m MCAP. I think he's over-egged it somewhat but still shows what's possible.

The actual average was nearer 500bopd given the 30 days included 9 days of shut-in. Factor in that the 21 days included different choke size testing and I would say the commerciality is a lot better than people think. Obviously they just concentrate on the figure “342” but that’s only half the story. Add KL4 to Portland over several wells and the commerciality of HH looks encouraging. The company also plan to revisit BB.

Company’s future looks secure

I guess we also have to think about the partners we’ll be drilling with. They might also like to avoid reputational damage by being associated with contentious permits, so better to focus on the sites that have a good chance of success and come with no baggage. Still hopeful we’ll have a significant number of drills to come.

The company's website has stated for a while that they are hoping to drill 48, which would still be tremendous!

tbh I don't think this is anything out of the ordinary, and is usual practice for a local town council to alert the constituents and for them to provide public comment to the applications if necessary. It's actually good for community relations.

SP being marked down on Buys again. Possibly general market / oil price malaise?

Mainly buys today looking at dummy trades. Maybe a large sell in the background, market malaise or the MM's just thinking "hmmmmm....76 applications submitted or 28 withdrawn...hmmm...nah... just whack it down 5%"

yep getting 13.80 quote for a buy atm

@ gunzo - that was my thoughts. Agree the raise as long as CC and CH also put some money in (if they are allowed to participate)

@9p I can imagine PV being offered significantly more cash...will he take it!?

Can’t see how someone could get that price for a sell given the price action today. My guess is it’s a buy order worked through the day.

Could try Union Jack Oil (UJO) for a comparison?

3rd on the leaderboard - hopefully this will bring some nice attention when people see the massive potential here

That acreage has increased by 50% since the last RNS! Just need a good deal to extract the nitrogen now. I’m very pleased to see the extra ED cashflow will be coming soon too

Flowback from the 6 new wells coming in under 2 months time still!

How soon are invoices paid for oil. On delivery or 30 days?

I hope I'm wrong but I suspect a placing might be coming imminently to fund the company's extraction now that they've mobilised equipment on site. Not a bad thing per se, as it will put them in a great position financially (and some people do expect the company will need some additional cash to bridge them before the oil invoices are paid).

Sorry fella - I don't mean it. We just need some positivity and some positive news!