Member Info for Mikeinmanc

Ok, why would you add a zone and then not produce from it? Particularly when it is a zone that has flowed at high rates during testing?

Ok I'll try again from a different angle. If production from level R is now only a possibility, what would be the set of circumstances where it would not be brought online that the management team know about now that they didn't know about in May?

That logic would seem to work for the decision as to whether to drill a second well or not.... but I don't understand how it relates to not adding level R to the production of B1- it's already been flow tested after all and was very much in plan up until the most recent RNS?

Below is something that's been nagging at me since the latest RNS has been released. I've submitted the query to Stefania and will post her response Hello Stefania I have taken a stake in Saffron energy of about 1.3% of the company, and am looking forward to being part of the story as it unfolds, but I have noticed an inconsistency between 2 RNS's that I would like you to clear up for me please. In the RNS issued on the 22nd May, the following text appeared Production will continue in level A at 20,000-25,000 scm/day up to the end of June, with production levels increasing to 30,000-35,000 scm/day from early July when levels R and S will be added, once the bottom hole choke is delivered and installed. In the latest RNS on the 10th July, this guidance was issued Over the first two weeks of July, the Company will install a downhole choke at Bezzecca and production from the field will recommence immediately afterwards from several levels, namely Level A, S and possibly R. My specific question is. On the 22nd of May, there was no doubt that production from level R would be added. On the 10th July, it was stated that it was only possible that production from level R would be added. What has caused this change? Level R had significant projected flow rates so now there is a possibility of it not contributing to production rates is concerning me. I look forward to your response. Mike

Sillaro produces 10kcm per day Bezzecca will produce 35kcm per day from July Saffron receive a fixed 0.21euro per cm that's 3.4million euro annual revenue the gas is sold at 65-75% profit margin There are low cost activities identified to increase production further There will be a quarterly report issued in 10-20 days detailing flow rates and revenue Why sell now?

https://www.youtube.com/watch?v=S4PflqyHDv0

The figures you quote relate just to bezzecca...

I can get a quote to sell 500,000 shares which is the highest figure I can remember. Looks like there's a share shortage currently

Yes I wonder what has brought about this latest flurry. Has there been an investor meet and greet or something?

Talk about a conversation killer. Not even tumbleweed rolls across this board now :-)

Hoping the impatient have had enough time in the last month to head elsewhere, I've bought a few in advance of the story unfolding this summer.

An old employer were heavy users of this company's products, and a lot of big companies would poach their staff to gain the expertise in Blue Prism usage. Big growth possibilities here and I'll be picking up a small amount per month for my SIPP to get onboard :-)

Harry Stratford is a spectacular appointment. Well worth the long wait for this announcement

To be fair to Korg, only one of those statements is conjecture that cannot be backed up with evidence. 4p looking good for starters: Chairman purchased more than 20million shares at 4p which was significantly above market value at the end of June / start of July. He did not do this to send cash to money heaven. then more as institutional buyers pile in imo: this is clearly conjecture This is now a blue sky stock free from the shackles of the manipulated oil price: yes it is, or more commonly known as a shell. The plan to spin-off of the irish sea assets has already been announced The issue here is that people had an expectation that the transition to biopharma would happen immediately. It hasn't. Patience is required, and that is in short supply for retail investors.

You little tinker. Live prices show a single trade since 2pm. And it's not down 6%

That went well then ;-)

NAV now breached 100p A minor milestone :-)

Not quite the fanfare of WPCT on the lead-up to launch, but I like the different approach with this fund. so, in for £7k and I'll check back in 5 years :-)

Well here we are, first day trading of the UKs largest investment trust. 10% oversubscribed even after expanding the IPO to £800million.