Member Info for luckyman2

At this price.

Should get an RNS Monday morning regarding workover production figures and spud of new well.
This has so much potential i couldnt resist.
Just topped up again.

Remember wick is basically a free carry for us
We only paid for the Colter well to earn our % share of Corallian

Maybe RBD will pay for the 2nd well for a bigger %share of the company and then they would also have 2 seats on the board as well.

SP will stop falling around 7p imo
Just above the 6.5 January placing.imo

eggonaroll

I dont want to see 13p as it means i loose even more as i bought higher.

News also due from workover programme.

Following the previous announcement of initial production from the A-3 well, we are pleased to be able to report that all four wells are now indicating production of good oil, and therefore we expect to put all four wells onto production in the coming days. We expect to provide a stabilised production rate once all wells are producing and the load water injected into the wells as part of the workover programme is recovered and removed. Â

Still going down.
Maybe all the way to 13p but hope not.
We need an operations update to stop the rot.
Fiona and team very quiet.

If not tomorrow then Tuesday for sure.

I think Fiona knows they have a problem.
I am sure that they will be scratching their heads trying to figure how to proceed with the next well.
If they get the next well test wrong the Sh.. will hit the fan, as they say.
We will all be in panic mode.

adoubleuk

E.L.O E.L.O E.L.O Herd it all before

I wonder when the Herd will arrive?
I would expect next week just after we spud our 1st Californian well.

Both will be produced from onshore if successful.
Offshore drilling is only to evaluate if commercial.

I believe that Fiona said at her last interview that they would not be reporting the shipments of oil in the future.

Suppose to spud this week

Reabold, the oil & gas investing company, is pleased to announce that Integrity Management Solutions, contract operator of the California licences in which Reabold has options to invest, expects to spud the Venturini-Ginochio #3 well on the West Brentwood license this week. The drilling site has been constructed and the rig is currently being mobilised

I am concerned that the other wells have been completed the same as ELM-1004 and could have bad cement jobs and could be damaged the same when we acid flush them.
We need more clarification from Fiona on this.
Meantime i have reduced my holdings here until we get an update.

Dont worry we will be sold sometime in the next 12 -18 Months

Wick to be drilled in September then the same rig will drill colter in November

Was the cement job the problem?
Has the other wells got the same strength of cement as well.?
Can the next wells be damaged the same as this one was.?
I just hope they have learned from ELM-1004 disaster nd do not repeat on the next wells.

well if it drops to 7.5p by lunchtime i will be topping up again

Well i wonder if Fiona is still extremely excited?
I think they will have to be a bit more careful with the next well test.
We cant afford to have another bad RNS.