Member Info for luckyman2

Dont mention Badile.
It cost 25 mil to drill 16 mil from sou.
Sidi mok cost us 40 mil to buy

I had a look back at last presentation to compare.

63.5% held by retail investors and 8.7% held by Institutions.
New presentation shows 60% held by retail and 12.3% held by Institutions.
OGIF last presentation was 25.7% new is 25.6%

Unstimulated well test results are not going to be released.
All results will be released after the stimulated flow rate is complete then there will be a further 30 day well test.

Should Spud next week then the action starts.
72% cos doest get any better than that.

RBD dont do exploration only Appraisal wells.

Seems so quiet on here at the moment.
We need some updates on California wells.
VG-4 has to go to production soon hopefully.
2 Monroe wells to be flow tested.
California next drill location to be announced shortly as well.
West Newton to Spud next week.
Colter results due the end of April as well.
Come on Reabold give us some news so we have something to talk about.

It would be nice if they told us anything.
I haven't got a clue what's happening at the moment with TE-10.
We might even have started testing the bottom unstimulated zone.
All guess work at the moment.

SP steady as she goes.
If we can stay above 20p till the first bit of news that will be a bonus.
Hold on to your Golden Tickets folks.

My 1000000 buy shown as a sell.

No chance In till the end 12-18 Months if need be

Not looking good as down yet again We need a proper operations update regarding TE-10 well test. Have we started testing yet or are we still waiting on equipment to arrive.

I think you could be right that he might still be nibbling away as West Newton has a 72% cos
Very hard for him to ignore this 10 bagger opportunity. imo

We have had our fair share of disappointments thats for sure.
Nervesa, Badile, Sidi Mok which cost us dear to buy, TE- 8 ,TE-9 but hopefully not TE-10.
Thats why i think if TE-10 is non commercial we will just be sold on as is.

Oil price is now over $71bbl
Now would be a good time to get our 3 discoverys into production.

https://youtu.be/-mkgkwLRiQw

I thought we were fully funded till the end of the year not the summer.

Yes we did have enojgh money at the beginning of our drilling programme but with TE-11 delay it is now costing us extra money every month we are delayed.
Paying standby rate for Rjg sitting idle, extra testing equipment required for TE-10 and wages and admin costs still gettjng paid every month while we are waiting.
We had $18 mil at the beginning of the year with running costs of $2 mil a Month its not hard to work out how long we can go on for without raising more money. imho

If TE-10 does not flow then we are in deep .......
We dont have enough money to pay for another drill plus wages and overheads for another year. imo
We will have to go to LQ or dilute to raise more money.
JP said TE-10 results is critical to our success and i believe him this time.

This has certainly been a long wait.
Very concerning all this waiting for LQ if ever..

Looking back VG-4 was getting prepared for production way back 28th Jan.
It seems that it produces too much gas which will now have to be tied into a separate pipeline further away. imo
This hold up does not help the SP either.