Member Info for luckyman2

Are you saying that it could be up to 18 Months for LQ.
What a disappointment that would be if true.

miker444

Still here and holding
With current production plus VG-4 and our 2 Monroe wells i am hoping to see our share of production at least 800bbl pd.
Now at say $65 a bbl that is a tidy income to start with.
Then West Newton , Parta and maybe good news regarding Colter and you start to see a nice picture of where the SP is heading.
So still holding.

Had no problem dealing with iii.co.uk.

Just topped up with another Million but showing as a sell.

Should be on production next week as well . imo

Its all guess work
Just put a Stick in the ground and drill , 50% COS.

Hymm
Stick and Carrot spring to mind.

Remember we have not encountered anything in the Paleo yet so that would be very hard to put a value on.
That is why they want to drill TE-11.
But with a 5% COS its a hard decision for them to make. imo

No one in their right mind would Drill TE-11 if only a 5% cos.
I would not be here if that was to go ahead either.
I would not be prepared to take a gamble on those odds.

I believe the appeal decision will be in June. imo

Just got to wait till end if May to find out. Seems a long time to wait but after 8 years I am past caring.

Its a Mystery.
We are being kept in the dark (why)
All very Vague . (why)

I hope we dont have to wait to long for the coiled tubing to arrive.

The Company is anticipating the arrival of Coiled Tubing from Tunisia prior to perforating and initiating the unstimulated tests, followed by the stimulated flow test.

So it looks like well test result will now be nearer the end of may not April. imo

Doesnt really say much does it?

I think that the SP has not moved up because although we have drilled 3 successful wells but we have not got any figures yet.
Also they have not been put into production yet either.
So nothing really to get excited about yet. imo

Strange how we have not got a TR1 from City.
Do they still hold shares here or have they sold out completely?
I would have thought they would have issued an RNS to say if they no longer held shares here same as they did with Rose pet.

Thats why we need our wells into production ASAP.
Money from our production will be used to pay for additional wells.
Our share of each additional well is around $500.000.
At the moment we are waiting on 3 wells now to be added to production.
Should all be done within a Month . imo

Thats what you end up looking like after a few council meetings.
Got to keep fighting though.

We are still waiting for VG-4 to go into production as well.