The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
You will see that real investor will be critical and will not hesitate to voice their opinions. If we are not happy we will say so and give a reason as to why.
However the big difference is that we will also balance viewpoints with the positives. Like the record production and profits in Q3. Does not mean we are necessary happy.
Bottom line is if I don't like the risk then I will sell.
A troll is unable to do that. Why they can't is their problem. They are not even shareholder. Weird or what ?
It's why I filter.
Agree boff.
Block Energy are going to show a healthy position. That's great. But we need more information.
There is nothing happening on the news front that they are making public.
A new drill will be at least 3 months before we got the results.
It's super frustrating.
They should be making money and should be ordering long lead items. They should be doing pad work. Are they ? None of us have a clue.
The part 2 interview was quickly forgotten as there was nothing other than fancy talk.
However, I'm still invested here and will probably add at some point in time as I can still see a return. But first they need to show intent.
Thanks BRV.
If SDX are Indeed the company that were using the kit then it looks likely that there will be no delay to the start of the testing program.
Great news and once it filters down though the market that Predator are testing we should see buying pressure.
Lonny:
Any chance of a twitter tweet or photo?
Market Capitalisation £7.79m
Share price 1.075p
Annual revenue 10/12 mil
Record production on Q3.
It's easy to get locked into negatives.
The above figure show an imbalance between turnover and value. We all know why.
Q3 will be solid but not enough for the market. A fall off in production can only be overcome by better well management and more importantly, adding additional wells.
Q3 will tell us exactly were we are.
It's all down to making enough money to push ahead with the quick return wells.
Projects 3 and 4 will certainly impact the value. But nothing confirmed as to when they will start.
Things should be starting to happen.
Rigless testing MOU-3 using conventional perforating guns is currently forecast to begin on or before 16 October 2023, assuming that the wireline logging unit is released from its present contract on or before 10 October 2023. The Company will provide an update if there is any change to this date.
Do we know who is currently using the wireless logging unit ?
If the testing is successful then current share price will be a distant memory.
Tic tok .......
The problem with challenging is the troll will respond with ever more provocative posts . This will then encourage even more responses. The other day there were 17 posts in a row all about one individual. A newcomer will not learn anything about panr reading that kind of thread.
My humble opinion is to change the thread titles . Never use the posters name and simple state facts without reference to the trolls posts.
Over on predator he tries to dominate in the same way as he does here. We tend to ignore the cringe and post documented facts .
Troll love arguing and hearing their name.
Trolls hate facts and not getting responses.
Are we thinking that our yearly turnover will be around the 12mil mark ?
If so what profit would be available for reinvestment?
Oil prices are certainly going to be higher for a while.
I would guess that part of the gathering of data will be to establish various flow rates.
It will be interesting to see how they use all the information gathered as they re- enter Alkald-2.
They are not targeting the maximum flow rate. It's more about gathering data they say.
Jay Cheatham, CEO, said: "We are pleased that operations for the re-entry at Alkaid-2 have now begun. As stated, we are not targeting maximum flow rates, instead, this programme is designed to allow for as much data gathering as possible. Whilst the location of the Alkaid-2 well is not ideal for the shallower SMD horizon, the Company was pleasantly surprised to have logged oil pay when drilling through the SMD en route to the primary target, the ZOI. This has provided a low cost option to assess both the productivity of the shallower horizon and test our improved frac design."
All to play for!
"Following the completion of drilling and prior to the execution of the rigless testing programme the Company has had a period of time to integrate the results from its MOU-1, MOU-2, MOU-3 and MOU-4 wells and mature its understanding of the structures holding possible gas accumulations. On this basis the MOU-3 well and structure is now defined as the focal point for a potential CNG development hub. As a result this well has been promoted to the first well in the rigless testing programme.
Good progress has been made on opening discussions for the offtake of gas on a larger scale than was previously envisaged by the "Proof of CNG Pilot Concept" strategy.
The wait will be worth it.
And if all 3 targets are met would they up the production rate ?
Many thanks for your reply. What kind of time scale are we looking at?
Sorry, a bit off topic it's actually an RNS clip about panr, followed by a general question about panr.
I'm rather confused with WTF is going on here.
Anyway I'm interested to know what the management team will want to do next once they have met their objectives.
The Alkaid-2 re-entry has three primary objectives:
(i) to gather the best possible reservoir fluid samples for pressure-volume temperature ("PVT") analysis;
(ii) to determine initial reservoir pressure; and
(iii) test the improvements in the frac design discussed in recent Company webinars
We did have a fall off in production in the last quarter and hopefully it will be fully documented in Q3 results.
The timing was not good. But looking at this realistically the margins between success and failure are small.
If we had not had the fall off we would be in the 800 boepd margin and saying that the next well could break the magic 1000 boepd.
Fall off is normal and it's why we need to push the various projects as fast as finance allows.
It's very frustrating and keeps everyone in the red but the program is continuing and despite the share price being very low we are going to show record production and with the oil price rising we should generate good profits.
Patience is something we are running out of but it's what's needed.
Wish you all a great day.
No update required.
Rigless testing MOU-3 using conventional perforating guns is currently forecast to begin on or before 16 October 2023, assuming that the wireline logging unit is released from its present contract on or before 10 October 2023. The Company will provide an update if there is any change to this date.
Unless they inform us then the testing will start around that date.
This month will finally see the start of the testing program. A few weeks of waiting is required.
This is a vital step forward in unlocking the share value.
We have the option to use sand jetting after the conventional method, to maximize the return.
If we can prove that the amount of gas is commercially viable, then we will see a massive re-rate in share value.
We can start a CNG business and raise funds to expand our drilling and testing program.
Or we can sell the business.
We have waited many years and in that time the research and general consensus has been, that there is a potentially massive amounts of gas in the sands.
The testing will once and for all tell us what we have. I'm not sure on the time scale of when the analysed data will be released but, in time, it will be made available.
I'm happy to hold and consider the risk/reward to be off the scale.
The reward is now in sight!
"Whoever is careless with the truth in small matters cannot be trusted with important matters.”
Albert Einstein
Gary
I am looking at the low entry price as a way of making money. I have also lost on this share so far. However I see a good long term opitunity.
If I want to I will buy in and lower my average. Then if I want to I will sell or hold. That is my choice. The reason I quote my average is to show that there is great potential in this share and buying at a low point is potentially rewarding.
I don't need bitter and twisted people telling me that I'm spouting rubbish. Personal insults show a person trading on emotions.
There is a filter button. Simply use that option if your hatred of anyone making money offends you.
Maybe the stock market is not for you.
And please don't go into some long rambling reply as I've filtered you.
If you read though posters history you quicky discover if they add to your reasearch with something relevant or simply like to complain and bicker.
Another one filtered.