Member Info for jackpack

Worth remembering that we have Monan/ Bedrock consortium doing the well management along with Schlumberger and as stated in last years RNS there has been technical reviews and further analysis and as such think they have the right people to make a success .

Lets hope we get more pictures of frac site as it proceeds. I will be looking for any signs of possible future joint venture partners visiting. The longer the results take the likely hood of very good results.

1. During certain parts of 2020/21 oilex shares could have been purchases for as low as .o7 and even at todays low price this is double and a very good profit for anybody who accumulated a large holding and does not want to risk this profit during the frac.
2. A shorter or group of shorters could I suppose using CFD'S and or spread betting make a profit at this point although I think they would now after close positions before frac other wise profits could evaporate.
3. If shares from the last placing had some form of underwriting insurance then this could be what's left of the placing shares been dumped and the underwriter taking the loss. Although no underwriting was mentioned that I can recall when the placing took place.
Very interested in the views of other posters as I try to make sense of the low share price.

He has stated that if Russia has to give up any part of Crimea it could mean world war 3. Wonder as this would appear to be out of the blue if things are happening that we are not yet aware of . It would be good if the war came to an end for every bodies sake.

Hi Maestrol
Good find should be a must recommendation for any new investor. Give them a good idea of what is possible from cambay and potential share price increase as they go through the various development stages.

hi Gordon
Roland gave the answer of a new low pressure system in answer to a question about what happens if refrac does not work but refrac is expected to work. It was a couple of months ago in answer to a question from another poster away today will find details when I am back later in week

Hi Espenviking
If no TR-1 comes in the next week then I think we have to look at other possibilities, such as a group of shorters or day traders such as the telegraph group. If this is the case will they have the contacts to borrow shares or are they going to have to buy shares to cover their positions in the very near future and will the market makers let them without extracting a good profit by taking the price up?

HI Gordon
Well I'm surprised you becoming optimistic. The reason I don't think this is a do or die situation is - we have the gas ( plenty of it) we know the refrac situation and a lot of research and planning has gone into this. Roland has already alluded to plan B which is a new low pressure system and we will still need to drill a number of new wells for a low pressure system remember Roland and is team have already started co mingling gases with different pressures. The high cost of gas is going to be with us for a number of year's which is going to make virtually any gas delivery system highly profitable.

we seem to have people on the board trying to talk the share down today. The fact is we have plenty of gas. We have the worlds leading experts in charge of the refrac and an alternative in the form of a new low pressure system if necessary and two drills to look forward to. One thing is true we have people working on the short side trying to depress and scare shareholders.

It is not correct to say its a do or die situation. If we are successful with refrac then we feed into high pressure pipeline if not then the two new wells planned one later this year and one next year will feed into a new low pressure system either way one thing we know we have plenty of GAS which is a really big plus.

Regarding my last post the word read as been missed after please sorry about that.

Mannnan please energy voice piece from last year it gives a good insight.

RKTech the proposed 4 well development should generate income in the order of 100 million per annum more than enough for any commercial bank loans.

Hi Crusty
Hope you are keeping well. Given your point regarding wen some thought. Don't think there is anything to worry about as APT own almost 30% of AEX and when we get into production there will large sum's accumulating in AEX. I think they will want to spend it on future projects rather than pay dividends . We are main market which could be good in a number of ways for funding future projects.

Oil man Jim states tower has 18637 square kilometres in Nanibia acreage been 3rd largest net off shore after Exxon and Eco Atlantic plus possible 1.4 billion of oil equivalent in South Africa very interesting.

Judging by the recent holding RNS'S i don't think there is now going to be any share churn taking place which should bode well for the share price over the next few months.
I also think that if there is going to be the first of two drill's later this year some long lead items will have to be ordered by the end of July. Which might give an idea as to managements feeling's as to how well they think the refrac has gone.

last post should read to build - problem with phone on the move deleting words

Big thing to remember is that we know we have the gas. the worst case is that we have built a modern low pressure system rather than a high pressure system which Roland alluded to on one occasion. Which can then if required be converted by the pipeline operator. Having said that I think that a refrac is likely to work as there has been a lot of advances in fracing since the last attempt and we have all the data from the previous attempts so we know what is required.

Wonder what the problem is with the pipeline . Most likely is lack of maintenance due to lack of use over the last few years
re-reading the RNS again the blame is been laid firmly at the door of the pipeline grid operator and Roland is saying that higher production with co-mingling is now possible using c73 and c-77h wells .Wonder how long it will be before we get an RNS saying the grid operator has sorted the problem as they will be under a lot of pressure to fix the problem now Roland has stated where the problem is.

I wonder if with Roland co mingling from two wells we are now at a higher production rate than expected and its taken the pipeline operator by surprise. There are a number of solutions that can be applied to cure the problem and its possibly a good problem to have.