Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
Scamp you're assuming there's no stops to other ports on route. No unloading, loading, shore leave, disinfection, scurvy, mutiny, crossing of triangles of mystery, resurfacing of Atlantis or psirens on the starboard bow. Get a grip man.
He mentions a new well. A gas well. Can’t be the well that’s producing 200 per day as that’s not new. That’s been on Schlums books since 2018. So why say they’ve been focused on the gas but no information on that drill? I can’t decide if this is good or bad.
Also as Heps said no mention of the 3D. Focus seemed mainly on developing the new acreage rather than current. Obviously cash flow is an issue so they see a better chance of a return from the new plot. There would of been some overlap in the 3D I’m sure. Can they do this without a raise? Gas sales are covering bases with small change.
Tell us about this new gas well Paul.
I got in at 8. Then 10. Then 12. But my biggest chunk was at 17. I'm 90% down.
I knew cash was an issue. This was a 5 drill campaign but revenue was based on each well producing 350 @$65. By the time the 3rd well was drilled the money should of been flowing in. The change of the 3rd drill was purely based on the need to hook up fast to generate cash. Should of seen this coming.
Sea, sometimes it’s the detail on the RNS that’s the issue. “Hit the ground running”. Followed 10 days later by shutdown. Followed by TR1. I like a gamble but I’m left thinking I’m playing against a marked deck. I’m pretty angry with myself right now with time and cash invested here. The only and only ace in the deck for that kind of language spoken in the RNS and interviews is for some unaccounted reserves. I reckon there’s a 10% chance of a nice surprise.