Member Info for offtheball

I don't think it's took two months to drill T-39 an extra 256 metres. However, We have a new zone ( 19 ) to add to the in depth data requirements which I can only see as a good thing added to the discovery logs.

Testing will start on 1st July, Perf and Stimulation still needed to be undertaken on T-39.

It's a good way to cut costs if the Frac team have been away from the site and are due back from 1st July.

There is nothing contained within this update that raises any concerns for me, I look forward to an update with regards the revisit to zones 9 and possibly 13 at T-45 and Dino-2.

UD-2 - Silence is deafening but I'm hopeful of another update within the next week confirming T-45 zone 14 and 15 comingled flow rates and a plan of works regarding the revisits. An update on the gas would be most welcomed too....

It's played out as I expected so far, I really didn't expect anything other than the results. An EXTRA zone can only be a good thing.

What the market thinks, We will have to wait and see !

jmo and gla :-)

Hope this is genuine. 10.8 million at todays prices is a serious holding.....

I don't suppose they have a meeting to attend in the morning too ?

If nothing else, I've set myself up for a right shock if we receive an rns confirming that T-45 has zones 9 and 13 on EWT lol.....

GLA :-)

My 7th July goalpost still stands for the T-45 14 and 15 ewt results...

If I was to add some guesswork, It would be that twitter updates and the info have ceased due to the wells being under EWT. ( Nothing to see, Maybe a security guard sunbathing lol )

The train was a good motivator when it was so quiet for so long.......

I personally don't think that T-39 has been stimulated yet as the squad are not on the ground !

When the stimulation squad return, T-39 will be attended too as the revisit to T-45..... That's purely guesswork.

Everything else I've stated is written in black and white in the rns's....

We certainly need someone on board if it's going to take nine months to bring a well online.

The hold up can only be the need of such accurate testing of the discovery.

I don't think it's all guesswork either Timster.

On the 8th May, Dino-2 was to start a 60-75 ewt. On the 21st May, Dino-2 started an ewt for 60 days. ( From this, We know Dino-2 is around two weeks behind T-45 )

Dino-2 and T-39 still have the same revisit to go through for the extra zones.

T-39, We haven't been informed of a stabilised rate, Never mind the ewt starting !

Without doubt, The commingled flow of 14 and 15 is most welcomed :-)

I had end of July as my exit. However, I can also see that the company is heading in the right direction.

The result of the ewt on 14 and 15 will make my mind up on what to do next. I am desperate to know what the flow is from the two zones. 270 bopd was the stabilised rate, Will it have dropped off by much ? Does anyone know if it could have increased from the stabilised rate ?

I remember having a chat with mole and a few others a while back and I think from memory, The conclusion was that Sept / October would be the time for fully flowing zones from the three wells.

This tied in with Niko starting in the November.

For a full flow at T-45 well from Zones 9,Possibly 13,14 & 15, We are roughly looking at September then ?

Anyone any thoughts on a T-45 revisit to perforate and stimulate Zone 9 and possibly 13 ? The market will be updated in due course of the decision and we haven't been, So it doesn't seem to have taken place yet.

Looks like the same is planned to happen with Dino-2 and T-39.

Will there need to be another 60 day EWT on each well after perf and stim of the extra zones ?

I can only presume it's not normal practice for all the ewt's, This must be due to proving up the discovery....

All the best with the op Zeps.

Managed to find the info in the 3rd July rns.

Thanks all for the responses. gla :-)

Zibrahmovic / Chris572, Noticed your post late last night.

Have I picked up correctly that the lock in period expires on Saturday 7th July?

lol, probably not the best choice of word.

Igniting 202tcf would hopefully create a big enough flare picture to keep everyone happy though :-)

I've held here for around 4 and a half years. Probably don't make the lth position just yet but it certainly feels like it the pain that has been dished out over that time !

I increased my holding last Friday at .3687 and the sp has been higher and lower since.

I've never once felt the need to pop onto the board complaining about the sp or doubting that I had made the correct decision.

It's got to be about the fundamentals of the company and where we are now from the dark days of the past.

Anyone investing at this moment in time expecting the sp to motor overnight based on a twitter picture, Well good luck to them.

We all want the same result here, You obviously also believe the company will come good or you wouldn't have invested again.

I just don't understand the constant negativity and playing down of your investment.

Here's hoping something with ignite this field into action :-)

You have the T-45 EWT overdue at 80 days Timster. However, You decide to inform the board you invested another 500 quid yesterday.

Today, You post that you wish you hadn't bothered as it'll be in the low .3s at this rate.

A very strange investment strategy you have there. Why the need to talk down your investment at every opportunity ?

My mind honestly boggles......

The EWT testing dates are estimated. It may well be anytime in July / August for an update. That none of us know.

My point is, Let the companies time frame of 7th July pass before throwing the toys out the pram, Making assumptions and calling for them. It really is getting boring.

This board has replicated for the last three weeks how I'd expect it to be approaching the tail end of July !

( i do however have everything crossed that we will not have to endure this as we will have had an operational update by then )

Finger crossed :-)

I completely agree, We are due the annual results this week. I am not expecting anything of beauty to be involved there.... The positive news flow expected from the three well drill program and UD-2 that's awaited all point to July.

IF the company had meant in the 8th May rns that a 60 day EWT had started on T-45 from 8th April, The intention would have been to run a 30 day EWT ( 7th June 2018 ), Not a 60 EWT ( 7th July 2018 ) !

That's where the problem has occurred for me regarding June dates, 30 days have then been wiped off the companies estimates because of not divulging the rns's content fully.

For that reason, I think the bod should be cut some slack and should be allowed the time frame they have announced to the market. A lot can happen in that 30 days........

If we don't have an update by Saturday 7th July, Then to me that's the time to start getting upset and asking questions. As it's transpired, This board has went into complete melt down with screams for updates starting three weeks ago.

There is now only 8 trading days left for things to come to fruition, It's just a shame so many can't enjoy the ride and few have no doubt bottled it and sold up thinking the results are late !

Hold, Hold, Hold......

jmo and good luck to all investors :-)

Aubree21, For what reason did you have June as the month for news ? My research from rns's does and always has highlighted July for an update by the companies own admission. I can't see where anything has changed. Just curious.....

Just had another in depth read of the rns's and somehow didn't pick up some vital information regarding Dino-2.

T-45 Well

I have already posted that by my interpretations of the dates, T-45 well 60 day EWT period comes to an end on Saturday 7th July.

I am hopeful of an update on the EWT results and confirmation of a revisit to perforate and mechanically stimulate Zones 9 & possibly 13.

Dino-2 Well

Dino-2 - Zone 15 was Perforated and Mechanically stimulated on the 7th May 2018.
Dino-2 - Zone 14 was Perforated and mechanically stimulated on the 18th May 2018.

Both zones are under 60 day approx EWT as of the 21st May 2018.

I make Dino-2 well 36 days into the 60 day approx EWT ( Friday 20th July 2018 ).

This leaves a window of two weeks for work to commence on the perforation & mechanical stimulation of Zones 9 and possibly 13 on Dino-2.

Also, We await patiently for an update on UD-2.

All in all, There seems to be a large amount of info to be released to the market in June / July.

I'd expect we are in a closed period in the few weeks build up to the Annual results. I don't expect any glamour contained within but I certainly expect news flow to pick up quite dramatically after they are published.

The year end results will certainly be a little more fruitful next year !

jmo and gla :-)

That's the FRR Express, I'm sure of it !

Bet it has a big picture of Zaza on the chimney, hohoho :-)