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500 bpd gives around $3m per year which means the drill is paid in one year. Anything North of that over the next 3 drills will see a lovely rerate and be a good leg up for the medium lying fruit. That’s oil, bit of gas helps too. So aye, they must be nice and confident to get cracking on B already.
Who is “TW”?
James - How do you know they have male/female journalists? Again you seem to be remarkably well informed…
Low share price = RI unrest. It’s their only realistic avenue in with Shlumbs contract in place.
James. No crew walked the price down. Inaccurate flow rates, water cut, failed drills, shareholder dilution, falling output, poor comms and boardroom naivety took the price down. It’s not what’s down there, it’s getting it out.
Looks like we are about to turn the corner. A successful well will increase shareholder not claptrap about boiler room crews. Appreciate your technical input, just as I assume the board appreciates their loyal retail investors who saved their skins.
People need to be careful.
Take Malcy for example who after telling the chairman he couldn’t take on all comers is now declaring he hasn’t been participating. For sure you can’t crow about a defeat. Now that’s how you play your audience.
Like I said, people need to be careful esp when audits are being called for.
Thordon, they know they are beat. If they pulled that trick they'd still lose and trust would be lost forever (I know that we know it is already, but I don't think they do, it's called arrogance).
I fail to see technically what more the company could of done with this drill to make it a success. It’ll be very bad luck if it’s not. If so Paul is going to be under considerable pressure for sure.
I remain positive however, also I think we have a stool pigeon in our midst and reading between the lines flow will start after the meeting. And Heps yes, let’s hope there’s a few RNS’s lined up to move us North of here.
“- Mousa: This is AIM... Alexander the Great try to conquer this market... then Genghis Khan, then the British. Now Russia. But M&M people fight hard, they never be defeated. Ancient enemy make prayer about these people... you wish to hear?
- Rambo: Um-hum.
- Mousa: Very good. It says, 'May God deliver us from the venom of the Cobra,...”