Member Info for jackpack

Last night I put in google as a search "what is a good flow rate for a gas well" and to my surprise it said as a rule of thumb
1mmscf. I now wonder if different people are talking about different things ie Roland and is team and the well management team are saying this is commercial because a new well is 8 fraced zones which on the result we know so far equates to 2mmscf/d and guod7 there is no moving of goal posts or as Gordon seems to think Roland has said in the past 2mmscf/d from just the two fraced zones. Gordon can you looked up where Roland said the 2mmscf as I cannot find anything where Roland said that, in case we are all talking at cross purposes indeed you yourself in one of your posts thought it odd that Roland was saying that it was commercial . I don't have Rolands email or telephone number with me at the moment until next week it was at the beginning of the year I last spoke to him . However i can check next week unless anybody in the meantime would like to contact Roland to check.

Hi Corby Dealer
It's the considerably increased pressure as a result of the frac that is key and the production christmas tree is a variable system that in simple terms controls the gas flow it is not fixed simply for gas as it was before the frac. Its job is to control pressure and gas mix which is now totally different as a result of the frac.

Hi Gordon
I think the Re installation of the production Christmas tree is the key point from the RNS (production Christmas tree is a set of injectors values and regulator's designed to regulate gas flow) we already know they now have good pressure as a result of the frac which to me say's route to market is high pressure gas pipeline. Thus once the remaining frac fluid as gone they will need to get the balance right between pressure and flow before true flow is known.

My view is that like Tower resources earlier in the year the price rose prior to placing and was too quickly sold into bringing the price too quickly down which like Tower has sapped confidence in buying shares. Add to that in the last quarterly progress RNS we were suddenly told this years drill is now to be next year and no dates given for the two drill's and no explanation as to why this years drill has been cancelled. Thus the share price stagnation we now have which will only come to an end with some news to drive share price momentum

Hi Gordon
I think it's the shortage of rigs that's the problem nothing to do with tubing. To get a rig to site in under a month is very good going.
Been away for most of last week unable to post . Show a good working relationship between BOD and this board that the purveyor of false information was able to be despatched very quickly and its a warning to other such people that we have good communications with the BOD and are unlikely to get away with anything.

Hi Gordon
Small full field development of 15 to 18 wells even with economy's of scale is going to be at least 140 millions and if they go for a large field of 30 plus wells that's at least double or at least 10 times and possibly 20 our market cap that's serious money and just to be talking about it is real confidence.

Will they have to remove all the frac fluid before installing the production tubing does anybody know?

Hi Gordon
.5 is the same as 4 when you take into account the 8 frac's per new well which Roland explained. which is actually a very good result and I think you are confusing yourself .

I have been thinking about the cost's involved for full field development. Correct me if I am wrong and I might be is a full field development 15 to 18 wells minimum To do this is going to cost at least 100 million approx 6 times our current market cap and our annual gas turnover would be 10 or 20 times our market cap. I think we have failed to understand what a big project this is likely to be and we would rank as one of India's largest gas producers.

Looks like they may need more than one PR company especially as this is going to need to be promoted internationally.

I more and more think Roland is going to have to employ a very good PR firm with plenty of experience in oil and gas share's to have any real chance of a decent share price before the 2 upcoming drills. Which is very much to the benefit of shareholders as well as the company. Just as he did with well management company and refrac design team which is starting to look like it's paid off.

Re reading the RNS'S I am left thinking that management are trying to send a very positive message that this has worked after all our management are a group of very experienced people with a well management team equally so. They simply don't have the flow rates yet and are dropping hints that it's all ok

still cannot set up RNS alert anybody else got the same problem and see we are still not shown on google finance.

Monday is about 10 days been the soonest date we can expect news. Thus I think we can expect news monday or sometime next week

It would appear that gas supply shortages in India are becoming a problem. As there are either 5 or 6 gas pipeline consortiums in India if our gas flow rates are ok they will want our gas to help fill there pipeline. We should be in a good position for either a JV or a loan against future production for the two drills (which is what I favour). Anybody else besides me noticed that the video on the new website still say's vertical wells yet the last quarterly report says horizontal.

As oil man Jim say's you need a good promotion and its that which time and again gets a good share price 88e is a good example year after year as to how to do it. Having said that Roland has experience of building a company and then selling it on at a good price. Which is what I see happening if the price does not move up.

Hi NOEL
Thanks for the information. I personally think it would be a mistake to sell hoping to buy back later at a lower price . Its only September for spud which is a matter of weeks and we are also awaiting news on other possible future drills.

hi Noel
Yesterday you said the September drill was 90days I cannot see that been stated anywhere. I was under the impression that it was approx 30 days to drill and complete. Where did you see that please?

Let's hope a new name will bring us some good luck in the form of a good result. One think to think about if we have a good result and the share price/ market caps stays below a 150 to 250 million it would bring in probably several low ball takeover offers from some of the consortiums operating in India. Roland may then have to put the business up for sale to get fair value.

If we are lucky and the refrac gives us the results we would like then we should see the first of two drills towards end of year. Given that DELT have a drill coming up August/September and are at 3p and EOG have a drill coming up August and are at 2.27p. If things go our way what do posters think we might be at by then.