Member Info for Mumbo_Jumbo

Or not.

They need the waivers extended in the next few days.

6-10 weeks of cleanup and then resume flow testing, which would be another 1-2 months on top of this for the stabilised extended test. So all in all looking at 3-6 months before results are announced.

Its known as Bull trap

Humpfree - and you will know that by now not to believe anything of the positive spin that is put up time and time again. Only for it to be proven wrong completely time and time again. But same characters will turn up unashamedly and keep putting up positive spins as if some of us do not have long memories.

Only thing you have to remember here is.... where is the flowing gas after 5 wells drilled? Until such point, Morocco is worthless and has been a complete waste of time.

Bit of an excuse dished out to cater for the underwhelming flow rates.

What if it goes in adminstration in whilst suspended?

The extension cover till the end of the month, surely they know by now if it's being extended or not, and that is material information, they must release it.

Is the BOD going to address this before going to suspension or just let the time bomb go off whilst in suspension?

JamesOxford - How's the 85p coming along?

I have been proven right on everything thus far.

The report sounds a death knell for this project unless the price recovers. IRR of just 13.6% currently!

What new info would that be?

The official confirmation of a mou5 duster....

Usual suspects play this down and then take out back up.... and we repeat the cycle till the next set of bad news.

Thanks ToxicBull. I like to temper my exuberance just so not get too carried away. So 821 mcf almost halfway in that historic range.

If helium is concentrated at the top, then will deepening have much of an effect unless its different stacked reservoir.

Surprised they not given results out for the first well, I assume they are doing it sequentially.

I am lowering my stabilised flow rates to around 350-500 mcf looking at He1. Anything over that would be a welcome bonus. Key is whether the average He concentration remains high or not in flow test.

Thanks Ayecuramba - I assume thats free cashflow figure per month.

I am not sure if they are allowed to pivot away from domestic market for their existing production blocks?

As a shareholder, you don't care about the capital injection post sale. It's not your concern and nor should that be part of any sale negotiations.

Clever from Sidara to squeeze wood towards the abyss and say to employees, don't leave as we will inject money once we pick up the companies for peanuts.

How much revenue they expecting from jan 1 for CB once its complete?

I had said before that Sidara will ditch Wood at the last possible inopportune moment for wood, anytime between now and the 30th Sidara can pull out of this deal. They had all this time to make a binding offer with the promise to inject 450m into wood, which would give Wood a better hand in getting the waivers extended. But they are very deliberately choosing not to and Wood will now have a very unenviable task in trying to get the waivers extended in the next week or so.

The way the share price has reacted, it's almost certain the waivers will not be extended and Wood will have to scramble around to save their future. In come Sidara to buy at an even lower price.

G_G_G - Thats my only lingering doubt is regard to the average % content over each of the well. I guess we will find out in not too distant future.