Member Info for indi123

Some people use Malcy's Blog for a second opinion on the company. After yesterday's update, it is encouraging both Malcy and Auctus are keeping their respective target prices at 20p i.e. unchanged.

Let's see how 36-2 production tests, affect their respective target prices in the next few weeks.

Oakey1, thanks for sharing. Very encouraging.

Thanks for your thoughts (NOK and Adon30). I think this would be a good time for CH to do an interview and elaborate on company thinking and strategy.

From today's RNS:
"At a controlled rate of 2 million square cubic feet of gas per day and 100 barrels of oil per day (an average of 433 barrels of oil equivalent per day) the well flowed continuously and surface flow assurance efforts proved successful."

Wonder what production volumes would make Well 16-2 economically viable. Thoughts and opinions from our more knowledgeable posters would be appreciated.

Thanks obmuj. See what you mean, 16-2 shows up a lot clearer for some reason.

Lol! I was a Maestro man myself.

Could somebody post a link for the satellite images of Well 36-2 please ?

Courtesy of SharketMare :

https://redcloudks.sharepoint.com/Shared%20Documents/Forms/AllItems.aspx?id=%2FShared%20Documents%2FMarketing%20%26%20Events%2FConferences%20%26%20Events%2F%7EPre%2DPDAC%20Mining%20Showcase%2F%7E%7E2023%20Pre%2DPDAC%20Conference%2FPresentations%2FSolGold%20Plc%20%2D%20Corporate%20Presentation%20%2D%20X%2Epdf&parent=%2FShared%20Documents%2FMarketing%20%26%20Events%2FConferences%20%26%20Events%2F%7EPre%2DPDAC%20Mining%20Showcase%2F%7E%7E2023%20Pre%2DPDAC%20Conference%2FPresentations&p=true&ga=1

1981Investor - You really need to get rid of that bee from your bonnet. The majority of people on these bulletin boards have an agenda. When invested we're willing the share price to go up and sometimes share our wildest hopes on here - ramping.

Then when we've sold up, we disappear. Sometimes looking in to reassure ourselves we sold at the peak price, i.e. hoping the price has dropped after we sold.

It's just human nature - no point railing against it.

Someone's confident:

01-Mar-23 17:58:52 17.473 459,626 Unknown * 80.31k O

It'll be interesting to hear what Scott has to say regarding the Strategic Review.

I think almost everybody on this board, bar copperpot, is in agreement about the sale of Cascabel, with differences relating to timing and nature of sale.

Quady, I've just fallen off my chair ! ! :-)

Thumbs up for yesterday's RNS, but reserve full judgement until a timely Strategic Review is completed and a fair price sale of Cascabel is achieved thereafter.

However, I do also hope it's not too little and too late from an Ecuador government perspective. Otherwise BHP and the likes will be waiting in the wings.

That is extremely useful and important information.

Slightly different quotes from the CEO (the reporter may be paraphrasing) :

https://www.google.com/amp/s/www.bollyinside.com/news/business-news/by-start-of-march-solgold-anticipates-cornerstone-merger-to-be-completed/%3famp=1

The CEO comes across as very frustrated and a little bit panicked in today's RNS.

Perhaps the Ecuador government have stuck a rocket up them and told'em to get on with it, or else.

Siv, how do you define prolific as opposed to non-prolific?
Based on your evaluation of the logs, could you estimate the monetary value of well 16-2 to Zephyr? Do you think it will be profitable or otherwise?

Nice to see the penny has finally dropped :-)

Seekinvalue, the logs are giving snapshots of results while production testing progresses. We will only know the full capability of the well when testing is complete.

As Adon30 pointed out, some of the numbers being quoted are derived using modelling.