Member Info for luckyman2

I guess we will have to wait till next year now for any update.

Jordan427

Yes you are right.
Any jdea how long we will be testing for?

Maybe we could do the same as the lybster oil discovery or sell our share to them.

http://community.caithness.org/article.php?id=3823

Even if TE10 is to be well tested we can't relax till the test results confirm that it has flowed gas and is commercial.
Lets not get ahead of ourselves as this will lead to disappointment if not what we expect.
I still think we will get an RNS in the Morning stating that we are going to test. imo

This is a strange well for us to understand what the plan is.
Will it be drilled from onshore once they prove there is oil there the same as what is planned for Colter.
Not very clear what the final plan is.

First we will have to do a well test to see if TE-10 flows and at what rate.
Remember it might not be commercial.
So lets not get too excited yet?
Remember Badile had gas shows but was non commercial at the end of the day.

At the end of the proposed operations, the 11/ 24b -D well will be permanently plugged and abandoned in
accordance with Oil and Gas UK Guidelines for the Abandonment of Wells, Issue 5, July 2015 or the most
recent edition should these be superseded. The well will not be flow tested ( i. e. no hydrocarbons will be
flowed to surface) and no hydraulic fracturing will be undertaken.

So when do we find out if Wick is commercial or not?

I would be very surprised if we don't get an RNS on Monday. imo
Something has gone fundamentally right for a change.

Going mental now
21p to buy

We have a leak today by the looks of the spike upwards.imo
so RNS on Monday then for the rest of us. imo

Now if we close at 20p then i would say info has leaked. imo

We should get the Results from VG-4 on Monday. imo
Another gusher.

Operations update regarding TE-10.

I still think that we will get an RNS on Monday with an update.

It would be a good time to get our GSA in place as well.
I still believe we are underpinned at 27pwith the TE-5,6 & 7 also Sidi Mok so this is still a good price to top up. imo

https://oilprice.com/Energy/Crude-Oil/Whats-Keeping-Investors-Away-From-Energy-Stocks.html

https://oilprice.com/Energy/Crude-Oil/Whats-Keeping-Investors-Away-From-Energy-Stocks.html

Ah well we might get an update on Monday then.

Jordan427

Please correct me why i am wrong

I think the 100m to TD will be to check out the bottom tagi which has a 26% COS