George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
RNS 09/03/2020
Price 0.60ish
"Such water shut-off operations are routinely undertaken in production wells. However, success, particularly in horizontal wellbores and where water ingress is via open natural fractures, is by no means guaranteed. Consequently, this is an excellent result for the Company as it has enabled HH-2z to flow dry oil to surface at encouraging initial rates. Our operations team deserves tremendous credit for this successful outcome."
Billions of share dilution and SS wages later
RNS 30/06/2020
Price 0.27ish
The plug was initially successful in returning flow to the reported high oil cut, however water cut built up, necessitating the well to be produced intermittently as the water disposal costs outweighed oil revenues.
AIM is corrupt but this company needs investigating by the Serious Fraud Squad. A good look into SS and the rest of Board’s private bank & email accounts. Find out why market sensitive information was and still is being kept from shareholders. The untruths in RNS to date, the constant dilution for absolute rubbish. From the BB duster to this Turkey nonsense plus the massive Bonuses to date.
Lets hope that Tanker with it's wheels down this morning was bringing clean up fluid for the pipe network. No more swampy disruptions for our national significant resource. If the wells are good then it's the only way forward.