Member Info for Mightyeagle

After the events of this week, I DO know that BCE is now producing oil albeit less than they predicted already due to the mentioned delays, I DO know eventually they will produce up to 900 bopd. However, I DONT trust Larry Bottomley and his board, he’s just as shady as Leslie Peterkin was.

The share price WILL recover here once the clear up is finished and they improve the flow rates in Q1.

I WILL continue to be patient until they reach their predicted flow rates and I WONT sell a share until this has been achieved.

People got spooked by the selling and no news! Now we have the explanation as to why the delay and in the long term nothing has changed!

“The low production rate indicates that the reservoir near the wellbore has been invaded with drilling fluids which are restricting flow rates. This is not uncommon in situations where hole stability issues have occurred during drilling due to the use of high-density drilling fluids to stabilise the hole.

· The well continues to clean-up, albeit currently at a slow rate. Even at these low flow rates, production is commercial with field revenues exceeding field operating costs.

· The Company will undertake industry-standard well stimulation in the fourth week of January 2024, which is expected to improve production”

Will wait and see what January and beyond brings.

Not sure if you have the ability to read yet Pboo? There was an RNS this morning explaining the delay!! Once clear up is complete they will get to 900bopd. It’s commercial nothing you can say otherwise now

Perhaps this will settle a few nerves or the doubters, still a good investment long term

That explains yesterdays sell off then, must have been leaked to Larry’s Mates about the delay, still once the fluids are cleared up then they are still on for faster flow rates and 900bopd at some stage, overall a good RNS

For some one who just drops in once a week you still manage to post 3 or 4 times a day 😉

Be patient, news will land soon enough

Well said RJ, patience is what’s needed, we know it’s down there and we know it’s coming out soon, the RNS will arrive when the company has an operational update. Any LTH shouldn’t be bothered by the daily noise here

We all know it’s coming, perhaps a steady rise from here on

A rod pump is currently being installed. Commercial production is expected in the second half of November

This is a great RNS

Yes but confirmation of this tomorrow would be nice

Or the flow rates may be as already forecast

Quit with the negativity until we get an update!

From 11 Sept update:

FORWARD PLAN

· Installation of the rod pump is expected to be undertaken during October. In the interim period reservoir clean-up will continue into the wellbore.

· Work will commence immediately to quantify expected reserve and resources increases.

· Existing development plans will be updated to reflect learnings from the SCHB-2(2.) well and increased resource base with the aim of accelerating drilling and maximising the value of this highly attractive asset.

The RNS we are waiting for is coming…,

Looks like news is imminent

Maybe the timing of this indicates we might be getting an ops update very soon

Been an interesting week, the good the bad and the ugly all rolled into one!

Still now BCE as a company have reached a milestone they wanted to despite showing their ruthlessness to Pi’s in achieving that.

Yes there’s dilution but, now funded, lots of good oil, a plan to produce it within a month and continue their further development and exploration. It’s a good long term play this.

I’ve not sold any shares despite yesterdays out of hours eyebrow raising RNS as nothings really changed. SP will recover by Oct and LTH will see a good return here.

GLA

We have Oil, lots of it and good quality, we will be producing it this year. As a LTH investor I’ll check again on the SP in October and again at Christmas.

GLA

Let’s hope we get that rise to 0.30 by close of play and perhaps RNS next week. Keep going Casper , I enjoy your positivity.

Happy days

Another day where we steadily move up towards 0.30 before the big RNS arrives

Who indeed when there’s an update due soon:

The next step is to field-test our iTDE process for the authorities, on the larger scale (40kg) samples received by our team, with all necessary permitting in accordance with law, from the 5 priority salares (salt-lakes).

The first phase of this process includes exhaustive laboratory test-work, testing several processing sequencing combinations, which is expected to be completed during the Q3 2023.

You dont, the RNS will come, you just need to be patient