Member Info for Mike31

Sad times. Sxx on my watch list for 2 years but I didn't buy. I knew the risk were high
Some people not so lucky.

Not sold out his dignity, yet?

He is entitled to sell.
However, we are so close to news, not sure why he would sell now...

5.25 close?

Same here, I very much enjoy watching this unfold

5p close lol

I'm enjoying every moment of the operation updates as it unfolds

Not sure what you guys are complaining about. That is the sort of stuff I had to listen to for months. Anyways, 10p by today's close

What are you on about, its going to 20p next week, according to the regulars on this bb

Bladey has already shifted focus to Well38.

APPARENTLY, it is going to produce 700boed, or WILL it. I wouldn't be speaking out so sure just yet after not once, but twice the bod have deceived the market.

First it was a hyped up figure of 1100 boed for 16a
Then they were hiding the issue of Well16a

Of course they are going to tell you Well38 and Gas Play at work. They are not going to come out and say the campaign has ended in utter failure.

They may have whatever is left from the 12mil fund raise, but they have very limited options for what they can do with the funds.

Remember the few regulars cursing me to lose a fortune elsewhere just because I was offering an opinion? Well, I think this is something you would call Karma.

21:44 Paul Haywood Interview:
https://youtu.be/tT3OUIR68-o

"our expectations was always 1000- 1500 barrels a day"

" 300 a day were still extremely commercial but in this marrket we thought it would be conservative to manage expectations"

"We're not in Georgia to produce a 1000 a day, thats for sure"

End result: 230boed so not even 300

Think we may see high 3s before we see 10p again

Surprised no one queried Justin's e-mail replies
He did say the flow rate were gradually increasing

PH did the job brilliantly
For the company but not for investors

The only part that came true is

"We're not in Georgia to produce a 1000 a day, thats for sure"

Not even a third of that!

21:44 Paul Haywood Interview:
https://youtu.be/tT3OUIR68-o

"our expectations was always 1000- 1500 barrels a day"

" 300 a day were still extremely commercial but in this marrket we thought it would be conservative to manage expectations"

"We're not in Georgia to produce a 1000 a day, thats for sure"

End result: 230boed so not even 300

Very well said nomura.

A simple and clean post that has summarized the sequence of events that has happened. We are back at square one basically with a few minor changes

-one being the bod has lost their trusts and credibilty
-two being Well16az actually flowed but to a figure way less than expected

I think the two points balance each other out (remember this was 2.9-3p at the beginning of the campaign. Back then, the company had 16az as the game changer forecasted at 1100boed. Obviously, this has gone now) so 3-4p looks fair for the sp. Anything over you are gambling at your own risk, imho

Look back at the video interviews.
He knew from the beginning the Wells won't flow the quoted figures but he still influenced the market by saying he expected a figure of 1400-2000boed from all producing wells by year end. It was somewhere along those lines

The nature of the two conpany is different.
Its evident PH lied to the investors for a start

The geology is different. Georgia well structures are very complicated. Again, we were informed by PH that they were only doing well work overs. Presumably easier than drilling new wells and cheaper but hey ho, they underestimated the task.