We would love to hear your thoughts about our site and services, please take our survey here.
This is all a con and we are all just missing the obvious. The latest sleight of hand with regards to finality of testing results is a clue.
Thank you Ed.
Thank you Nige. That is a single well or cummalative for multiple wells producing at the same time?
Edgien - could you share some light on this? Appreciate that I am not the first to be trying to ascertain this and this probably has been raked over and over on this board.
Been sitting on sides assessing CRCL whilst I wait for PRD to announce flow rates....!!
Anyway, this is turning into a very interesting story with an old field recharging itself and plenty of exploration and production upside still remaining. On that basis, I am just trying to roughly workout for my own investment purposes what CRCL could be onto here with regards to production rate if all goes well. Does anyone know the historic stable production rate for any well from this field?
This reply on X made me laugh
"Looking forward to the 1p placing"
What are they left down to now? And, what exactly is their plan going forward?
Same "purdah" happened last time before it crashed from 21 to 11p.
There will come a time when drilling and testing will be going on concurrently possibly in two geographic locations. But let us hope for now testing has started at one.
CraftyInvestor - what's the free cashflow for Nutrition?
Why couldn't they have waited another working day and announce this on Monday when the testing is suppose to start and say Testing has begun along with rest of the information released today.
With the lack of acknowledgement to the market for the start of flow testing, I have a feeling that there is yet another last minute unforeseen " regulatory hitch or obstacle" or something else to that effect.
PrivateTesla - Have you thought of the possibility that maybe because it's down to the BOD and their reluctance to test. There is only so much spin or bull case you can present. It will be middle of Jan next week......
Happy New Year everyone!! Hoping for a successful flow testing and drilling campaign in 2024.
Thanks Keith for the clarification.
So Nigel, was it a misunderstanding or deliberate obfuscation on your part?
Context?
It is safe to assume that nothing was on the cards or was real till they tell us who they were negotiating the JV with.
Jimmy - can you please explain the importance of finding the gas water contact. Thank you.
Could do with some clarity and assurances for testing next month. Or do they only matter when PG needs to raise cash.
I been sitting on the sidelines for quite a while and trying to understand what are they trying to achieve. A tier one asset that they are neither developing and nor aggressively marketing it for a sale. There doesn't seem to be an urgency for anything, which surely Ecuador will not want it continue for much longer. How do they even justify their salaries for the past year. Aside from getting re-elected at the AGM, what exactly is the management plan for going forward in 2024?
CCC - promise we all know about, now they need to prove commerciality, which they are reluctant to do. I invested heavily on the premise that testing was meant to have been done by now.... But here we are, excuses upon excuses. Let's see what excuse he digs out for January. I don't think he will flow test and will continue to tag us all along till they drill again sometime end of Q1 or in Q2.