Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
I've been invested here from the start for one reason only- paul mcdade - huge proven experience and a very large contact book, deals already done by this little company have only happened because of the people we have on board, hold/accumulate, the rewards will come I'm sure 😀 😉
Here's an idea, if money needs to be raised let's see the bod pay for the next drill from the multi millions they made with their insanely timed shares sell, it would be interesting to see future results if they had real skin in the game.
The present facility is capable of handling multiple wells.
Ecarrots
Already stated as commercial, the name of the game now is to recover the fluid and not draw sand, then with luck flow the well hopefully with as little choke as possible and establish full potential and decide if separation equipment is worthwhile, hopefully we will see a good uplift of bopd. 800 would be more like it.
So in layman's terms , 20% of the bore is still blocked, the clean up is slow because the flow is choked back so as not to draw the sand further up the bore (ventura effect) . Once the rig has cleaned out the bore fully the real work can commence , ie.complete the recovery of frack fluid and begin flow testing in earnest with what I expect to be a much improved result, and yes sp recovery today but the daytraders will be all over it.
Older wiser,
I know diddly about drilling for oil and while I would love these estimates to be on point i can't help but wonder about % of gas in the flow, is there a finite % or is it an estimate ? The larger the flare = higher gas flow presumably but what % of the flow is gas/ oil
Don't be silly baron- hillbillies indeed - , I want this to be successful like everyone else, the market reaction yesterday was to rns coming but this is not the rns it wanted , it wanted all clear and testing in progress, not 30% less oil and well not fully cleared, the market jumps all over negatives I'm afraid.