The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Z
I've not worked in Tanz or done any land rigging before. I've only ever been offshore based...apart from a few boozy shipyard 'holidays'
If you're a fellow rig pig, then get your @ss into 'The Rig Pig Craic Shack' telegram group...the more rig pigs the better
It's not exclusive to HE1 either, there are a couple of decent prospects we're looking at, that should keep us entertained until HE1 blasts of in the Summer
Magic
You're talking like you have been involved in a well test before...divulge how many exactly??
Clues in the name well TEST...you know you test the well to achieve maximum flow rate etc
But hey, what would someone who has been involved in umpteen amount of well tests know eh?
Pompey
I can count on one hand the amount of well tests I've been involved in that have been a failure and they usually had very bad flow rates in the first place...client just going through the motions to try and achieve a better rate etc. In this case a flow rate is there and with perforation its more likely to increase
Blast off has been delayed until summer, LTH's need not panic!
I can't stress enough the FACT that flpw rates can be increased via various methods during well testing...they will perforate and do everything's within their means to increase the flow rate and more often than not, that's what happens
Flowrate will increase upon well testing, you'll see...
Float between 1.20 - 1.30
SP will get a good jolt upon the release of resource estimates, but nothing other than a official discovery announcement will get it sustaining northerly direction. Especially not with a placing at some point in the future
Look despite me pointing out the obvious, be it deemed negative or not, I've always said that HE1 will be a £ share in the next few years. All oil n gas plays that have blasted off into orbit, all blasted off AFTER official declaration of discovery and not before. Confirmation of discovery is the missing ingredient here
Once they prove up Itum 1 with a good well test and declare a discovery then the SP will rocket. Especially if they give the well a wee tickle with the guns abd get that flow rate up
Just bear in mind however...the RNS never stated exactly what flowed, gas or liquid? It never specified - keep that in mind
WTF, what? Myself and others have been warning the board for the past 2 weeks, that this will happen
If you're a longterm holder = don't panic, this will come good 4th quarter, once discovery is confirmed and proven. Go take a break, relax, go smoke a pancake and more importantly DO NOT listen to rampy morons on mickey mouse message boards
Strop
They may punt the rig out on a wee job, whilst doing rigless testing, or rig share with Noble as they were originally going to do. If they had any sense they'd jump in with Noble with the well testing and share the package
The last thing HE1 want to do is punt themselves out as a drilling contractor until they've built up stores n parts etc. If they were to have an iron roughneck issue like they did at TAI3 they'd be shxt canned by the client in a heart beat. It wouldn't be pretty
Thank you Mr Mustard for not being a moron and like myself being able to adsorb simple facts of matter, be them good or bad. Despite expecting the worse, I'm still disappointed, as like everyone else i want to make serious cash. Unfortunately, this is OnG and making cash in these high risk plays isn't always that easy
I tried to warn people...but the rampers, managed to shout down anybody speaking sense. Just as they did at Tai3 when they ramped themselves into huge losses
Only possible good news to arrive before the placing is the resource estimates, as mentioned in the RNS. But He1 being HE1, they'll drag their heels to the detriment of the sp