The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Dakad,can't see them wasting money,Patience here as the rig wouldn't have been cleared for a week,so update any time of any day,
Won't need oil in the new utopia world,ultra clean electric car running on perpetual motion(the politicians and newspapers plus BBC dream)And every one eating vegetables, oil and gas phased out,and heading slowly into the next ice age, in the short term,we may need the odd drop of oil,OH the magic of the free ultra clean electrically operated cars,now back to reality, it is all but a political pipe dream,I think major priority clean up the seas,before we are all poisoned, what is wrong with the hybrid,reminds me of running before learning to walk.Britain is suffering from political idealistic work shy,what's in it for me,politicians, we still have to live for the next thirty years,Now back to this great investment,CAD a strong company making money.
Each meter of blaz-10 pay zone is producing roughly 2.3BPD free flow,if blaz-1 is producing from 25meters its free flow would be 57.5 BPD without pump,perhaps a pump has doubled its output,now if my crazy logic is right,it makes me think this oil field is no where near exhausted or depleted?.A strong case for more drilling.
Looking at the 156meters pay zone,no real propellant, 35%API,the other wells I'm sure are producing from far smaller pay zones,the probable 25 to 35 meters,I think the output from blaz-10 will continue to improve,especially with pump,because of the 156 meters of supply,but who knows what the eventual sustained output will be,and a few more wells will be drilled to complete the infill drilling,as these additional earnings are not factored in to the SP,neither are any assets, maybe eventually the SP will rise,also these are conventional wells that go on producing for years.no flash in the pan.
Maestro,never ever seen this sort of pay zone,have so little effect on SP.
385 BPD no pump
Amazing,so what happens with assisted pumping?
Large buy orders being filled,big gap,13.75 the other day,with sells around 11.50 ish.
As the oil is probably around 35%API,low sulphur, and the water cut very low,I notice that 156 meters have been perforated,indicating a large reservoir, should see a reasonable output once artificial lifts are employed (nodding donkey),and of course the output won't diminish, like horizontal wells,and expect plans to drill further wells?
As far as records go no1 blaz well is producing from 25 meters yamni beds,so how will 167 meters do,?
Don't think the market realizes what CAD have,on the high end of pre-drill expectations. "That with do for me,Tommy".
Worth reading it a few times.
Dakar,its a satirical view.
Dakad,the state of the values attributed to prosperous company's like CAD,as apposed to the general rubbish two bit companies that raise shares to pay for a grand lifestyle,
I can see problems here,any company that goes out and drills a couple of wells,and didn't diluted a few hundred million shares,shows an operating profit for past year,then has the affront to say they may have found oil,are they to be trusted,and have more money than their capital shows as market capital,have heavy machinery drilling rigs,obviously this is just make believe, oh asset value NIL.its just a dream,why on earth don't they make a huge loss,and borrow massive.
Yes now is time to buy,one thing is sure,CAD won't give anything away,in more ways than one.
Well,if it isn't a great week here,then the market is blown to dust,and electronic markets are rubbish, fingers crossed.
Yes all sells.
Krok,your not for real.
Yes probably best to exit,I think I'll wait for RNS,the buy out doesn't interest me so much as the 207 meters of Yamna Sand's.