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G,G.best you go to the seaside,what ever was in the two higher zones,doesn't matter now,shurnk by 95% some rubbish maths,the ZOI 250m barrels,primary target assuming 10% recovery 25m barrels,even if stated 700m barrels overall,nobody would expect it could be fully recovered,so what a lot of trollop, best get away,have a nice time.
Crying in ones soup,comes to mind,the results are better than expected, now its possible that some investors may find this a good time to move,especially with the large drop,and free float tightens,this certainly isn't a failure,may be some investors think this happens every day,once in a blue Moon, 400 ft gross pay.
GG,any value for the leases? Not worth a carrot? Perhaps Armstrong could value then.
ZOI,discovery, share price 28p,primary Target, New Field discovery announced,but secondary target dry,20p,no wonder someone is loading up,lol
In the recoverable estimate the higher grade of oil would not have been considered, and an API more in the region of similar 30 API,so hopefully far greater recoverable and cheaper????
Close to TAP,s pipeline,I think a move will soon come.
RNs is so clear,no oil has migrated upwards,seals in place,phew,NEW FIELD DISCOVERED
Another timely purchase.nice one
If winx-1 had 240ft net pay,40api,flow tested,that would have seen rapid rise,with a 10% holding,but this is negative because secondary targets dry.and only 240 net pay and application to preserve the well bore for production,so effectively a dry hole.now this is what I call mental.
BobS,fingers crossed,the higher zones,are deeper buried here,so will we get better flow rates,higher Api,soon to find out.
All I can say is,the deeper it goes,the more it flows,and maybe api% above 30,but who knows.
Dsmith,good on you for having an opinion,I don't agree with you,maybe DS can now afford to laugh in the face of critics,I do think so.
Coldjoe,yes will be June 30th
HH,yes they have spent the winter wondering how low they can take this share,of course drilling a well is just something to do,but not right away, watch to see bod selling,if so no oil this year,maybe next,or will they pull there fingers out,corruption was a thing in Mongolia, or has it gone,this year they find oil,hope so.
I've decided the best way forward is to read RNS,s,keep my understanding to my self,read this board,and laugh at the twisted interpretation, the daily comic,I know this is one major happening,but over on the other side,same rubbish, I have a very good sense of humor, pump and dump,comes to mind.
I'm sure I read,40API. ?????
Mr P,you justified your position here as far as I'm concerned, if I hadn't chased rainbows my portfolio would be a lot Healthier, thanks for placing the information for everyone to see.
Hey Ironic,last year wasn't a good year for Matad,the drill at wildhorse,well I think they lost the map,the granite base appears to be completely wrong,now they did get a couple of experts in,who uprated the whole resource, I'm not sure if specsavers should be mentioned here,and earlier in the year the good doctor sold a million odd shares,I doubt she would know the price would drop to just over 2p,and I bet she and her family missed the chance, to buy them back at a give away saleprice,now I've bought back in having lost a fair few pounds,but I'm not bitter,let's hope this year with a new pair of glasses, they drill in the place were oil is.
I know it will make no difference now,but they were drilling fairly fast so it is possible that the positive pressure placed tight clays ahead of any oil,and maybe the wireline logs could be misread,
SP,bought three lots of shares,yesterday,and today all red.recon you have to be very lucky to get a blue.