Member Info for maestro1

Gatto wait till the US mkt opens, this is well undervalued now. Dont forget the have massive acreage in Alaska..

They only had 10% of winx, the alkaid was the cream..

I think panr are very cheap now.

Wait till the usa market opens, this is excellent news. Remember the primary target was the upper target which will be tested last.

The problem for rose is they need 4x the current mkt cap to drill the first well, well payback is close to a year.

Who will risk giving rose money, previously the mkt cap was 4m now its in freefall.

Block Energy have spent $1.3m to drill sidetrack horizontal well, expecting minimum 325bopd, testing has commenced. I will keep an eye there then watch Idien waste away Rose.

i think 400bopd is achievable.

imho

lets not get too over optimistic.

block energy has done more in 6 months than frr had ever done.

Block energy just completed successful sidetrack with significant gas and oil shows. Currently testing well 16a.

Rose will never drill a well.

https://www.vo xmar kets.co.uk/articles/q-a-with-block-energy-s-ceo-paul-haywood-b2be355/

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Mkt 10m looking ridiculous.

Those workovers are going slow, only done 2 to date maybe more news next week at the interims...

Well i must say credit where credit due he is trying to get the city to take notice of bloe. Hes looks very confident and he is expecting good results from WR.

Interesting they gonna go after the gas, so after well 38.

Does anyone know how much it cost to drill well in georgia, these sidetrack horizonthals only cost $1.3m.

I think a decent rerate due here..

Rose needs 8m to drill one well and is not certain to find oil, even if they do payback per well is 1 year.

Bloe aim is to produce 900bopd by june, debt free, mkt cap 10m. With 900bopd cashflow will be around $13m.

Everyone should sell up and teach idien a lesson, there are much better stocks out there.

Adt1

Middle Eocene has 2c resource of 21mmbls, when they start producing from this they can upgrade resources to 2p reserves. Company is looking good, that 325 bopd looks conservative but we have to wait what actually they produce.

Short term if they get 500bopd from norio and wr then fcf of around 6m. Not bad...

Gary

Next week is the financials, the week after maybe the 16a flowrates, it was excelllent news today, all 500m+ of horizontal drilling encountered gas/oil.

With the FCF from this workover and the other 2 they can easily fund the the massive gas price.

This will double short term

Rough

Nows the time to hold, they have conservative flow rate of 325bopd, i think it will flow more. This will slowly start to move up.

Interestingly they say 325bopd gives fcf of $3.6m, 450bopd will give close to $5m.

Strong buy

Excellent news, it was coming. I bet they produce much more than 325bopd from this well.

Block energy looking cheap...

They still have option to review but unlikely they will turn this around now.

Totally screwed chl..

hi

i thought this thread closed down years ago..

Hoping for positive news very soon.

so its well C-37 they plan to drill further down, when will they commence this?

Mudstud

thanks for the response.

IS Zen drilling a workover well first in april? look at the 2p reserves this looks to be trading at silly level range.

is there a leak on the test results?

Panr is known to be leaky...