Member Info for Mike31

Typo error in my post 18:07

Supposed to say "A gradual increase of 10boed from that point onwards would get the well back up to 60boed"

But you get the idea

That is why we need the company to release an RNS clearly stating dates and figures!!!
Using an "average" across an unidentified period (no start to end date) is no good.

Eg: if they tested the well for only 2 days, where on day 1 the well was gushing and on day 2 the well dropped had off significantly, it would still give an average production rate of X

This is where the market were last updated. Lets assume the well continued to decline but wasn't reported, a gradual increase from that low point could possibly still give a flow rate less than the initial 295boed quoted

Basic number game corporation like to use to make the report look sounding

"Continues gradually to increase" depends on WHEN and at WHICH level the well last stabilized.

He could be referring to a number as small as 10boed increase from after the Well has dropped off, and now it is in the phrase of increasing

Lets say if the well has dropped from the "average flow rate" of 295boed since the market were last updated and it is producing around 50boed at a stabilized rate

A gradual increase of 10boed from that point onwards would get the well back up to 70boed, which is still lower than the initial testing average of 295boed

I'm betting on another time slip!
Based on the company's past actions

"gradually increasing production to establish a sustainable flow rate"

in the timeframe of what, 12months, 18months

Frr were silent before they got delisted

I have forgot to mention the FAQ
That too, is no where in sight

Ph has stated 1400boed
Ph has also stated to bring 3 wells online by year end.
Has any of these delivered?

Got a feeling 2p will go soon

You guys need to stop defending PH. He knows what he has done and are very capable of defending himself

All he has to do is release some news.
Why do you think he hasnt

Circumstances and sentiment has changed ever since Paul sold that big fat pork pie

Lets have a go at that 2p

Yes its the untrustworthiness
Thats why I have sold out too, and glad I did

Nice results!!!

We should all follow dusterhater great strategic example. Don't buy until the company confirm a solid consistent flow rate of 295boed minimum via RNS!!!

So dont buy until the company confirms 16az is flowing commercial rates?

Again, you're making your own assumptions
Just like how you guys are ramping 16az

That is why a few people on here are trying to point out well16 is not yet in the bag like the rampers suggest.

It is very misleading to be talking about generating revenue from the Well when we dont even know if it is still flowing, and or what flow rate it is flowing at

It CAN still go wrong!!!!

Its all about saving face for Gary1960.

Exactly, and why do you think the company have worded it that way.

If you think they dont know how to clearly write an RNS, then you need to think again