Member Info for offtheball

1000 bopd projection for year end 2018 from the three wells.....

T-45 - 78 days EWT Testing - Initial flow 270 bopd

Dino-2 - 65 days EWT Testing - Initial flow 315 bopd

T-39 - 22 days EWT Testing - Initial Flow 529 - 250 bopd

Seems to be a real buzz surrounding T-39 well.

Zaza also states that T-45 and Dino-2 and T-39 are commercial rates at the moment.

Can't be possible for T-45 or Dino-2 to go t*ts up now after such a long test can it ?

To reach 1000 bopd estimations, It means the wells output has increased significantly or they have the reason to believe there will be little to no drop off on each of the wells ?

I'm really struggling with this one, Can someone highlight where I am going wrong with this ?

Thanks :-)

A lot more plausible than a podcast full of new relevant info without an official RNS Freeatlast.

Everything we can know is in the last RNS, Are we needing podcasts now on how to break down and interpret the information ?

Jeez......

Any movement is a positive, Let's hope for something tangible this afternoon to maintain this wee flutter !

Well done to the people grabbing 3.6 million shares for 10k ......... Really wish I had the chance to top up here, Not a bean to invest :-(

Yes, Our six monthly podcast full of spin will assist me greatly getting to sleep tomorrow night....

Can hardly wait lol

Without doubt Pecten, We are in a much better position than 2017 regarding proving up the gas.

However, What went wrong ?

28-11-2017 RNS

As previously announced, the Company is in the process of completing technical design of the 18km natural gas pipeline connecting the Ud-2 well with the Mtsare Khevi gas processing facility (which is connected to Georgia's natural gas distribution grid). The Company is also in the process of securing right of way for this new flow line.

I'd say that's about bang on wHamBoy.

Cairns seem to be an epic nomad as well because FRR say nothing lol

I certainly wouldn't be keen.

We have proven it's there, We can't monetise it right now if we do indeed get it out and we await patiently on an update regarding flow rates / drop off on the oil.

Big no from me......

Think you've mistaken Coggy for Codefred bud

PJOHN

Zaza Claus should put his time and effort into writing an RNS rather than appearing on a podcast.

I think we all know not to take anything for granted released in a podcast lol

Very good Bomber.

That's not ramping, It's ridiculous pmsl

wtf just happened there ? lmao :-)

Some good info on that EDI newsletter.

Thanks for posting Pecten.

The T-39 alterations to the drilling programme sprung on us has had me wondering for some time if this was because T-45 and Dino-2 aren't supplying the results wanted and we needed a plan B to bring on other zones.

Your mind starts coming up with all different eventualities when your left thinking.

If we could have 1114+ bbls/d on the best news without Zones 9 and possibly 13, What can we expect with these zones added in ?

Would 500 bbls/d not be an acceptable cash building result from the three wells ?

Hopefully time will tell, We must be approaching some kind of a reveal in the not to distant future.

GLA :-)

I'd go for

SP to break 2p.

Then I'd perform a houdini act :-)

It certainly looks that way after deciding to drill T-39 to 3056m to tickle Zone 19.

The CPR volume estimates of 14.8 million barrels of recoverable oil from Zone 19 and 36.5 million barrels of recoverable oil from Zones 20, 23 and 25 of the Eldari B formation, situated between 3056m and 3350m interval support the significant potential of the Eldari B formation.

Looking forward to work commencing at Niko-1 in November to tickle Zones 19,20,23 and 25 :-)

Just to add to my previous post, I also see no mention of awaiting EWT results from T-45 or DIno-2 after approximately 60 days.

After the 60 days, Zones 9 and possibly Zone 13 will be stimulated and comingled with all zones being produced together.

The market will be updated in due course.

I think we need to be prepared that there may well be no results from these two wells until the stimulation of zones 9 and possibly 13 have been brought online. Another EWT will surely take place after the final stimulation work completes.

Just how I read it, The company have left Niko-1 until November for a reason.

Thanks for getting back to me Madpunter.

It's all a bit above me and they could easily make these RNS's easier to digest but I was a little unsure why there was no mention of ' The intention is ' Or anything to point to continued testing on T-39.

So the flow rates provided from T-39, It's not easy to decide if this is only from Zone 19 or we await a comingled flow rate from Zones 9,14,15 and 19 ?

There is also a huge variant between 529 and 250 bbls/d.......

On the RNS 8th May 2018, The RNS states that DIno-2 - Zone 15 has been stimulated and a 60 - 90 day EWT will follow.

On the RNS 21st May 2018, It states that Zone 15 and Zone 14 ( Stimulated 18 May 2018 ) have been stimulated together.

The well naturally flowed light, sweet crude oil at a stabilised flow rate of 315 bbls per day. The intention is to continue to test the combined flow of Zones 14 and 15 and within a period of approximately 60 days, perforate and mechanically stimulate Zone 9 and produce from all target zones together.

Exciting times to come here I feel :-)

GLA

T-45 - 76 days EWT as of today.

Dino-2 - 63 Days EWT as of today.

Must be due an update anytime !

Do you think this is the final EWT results of T-39 Madpunter ?