Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
The formal testing programme was started on 30 March 2019, after downhole pressure recorders had been installed, with a six hour flow period on a 5/64 inch choke. After a 12.5 hour shut-in period the well was flowed for 11 hours on an ? inch choke. The flow, LIMITED by the capacity of the testing facilities, quickly stabilised to a rate of 1,100 bbl/d through the 2? inch tubing with a well head flowing pressure of 590 psig. The well is now shut in for a 72 hour period. On recovery of the downhole gauges pressure transient analysis will be performed and reported by RNS.
Must be a Washer / Dryer Timster, It's a hellish long cycle !
Just like Jim Bowen said ' Here's what you could have won '
Thanks YJ
Best
Reading back your posting history from the last 7 days is comedy central Alan2017. The bod tweeting they were looking for a rig without having signed confirmation was wrong in your eyes. There was no way the rig could be booked quickly, They don't sit stagnant awaiting work. Now you want the company to put all their focus on taking pictures with the odd drone flight thrown in. What is your ultimate aim here ? I'll be honest, I'm confused........
Whats the current state of play ? Are we awaiting the appeal hearing to find out what happens next ?
2019-03-20 16:31:50 4.13 458,500 0.00 0.00 ? £18,913 O
Potential here is massive, These figures are also based on $60 a barrel. Current price is over $67 a barrel.
I'd agree, Things are really hotting up here. Looking forward to testing results. GLA ;-)
That's the most grounded, sensible post of the month for me Earsbern..... A lot could learn from it.
18-Mar-19 09:00:30 0.737 6,512,754 Buy* 0.70 0.75 48.00k
Mopping these up between 3.4 and and 3.7p will hopefully prove to be one of my wiser decisions of 2019. Dropped my average considerably and will hopefully see break even within the next few months. The current price level is a gift to new investors.
Great tweet from the bod, Looks like things are progressing.
I'll await the looong sigh...........
I for one am really content with the new bod and the regular contact through rns and tweets. They look to be building a solid foundation ofcommunication as to what Work, Equipment and Paperwork is needed to progress ans address the water issues at the current wells. It's been a refreshing few weeks of continual information from the bod, Long may it continue. The only remaining signs of the old is it still seems to be Alans way or the highway on this board. No point in anyone else contributing an opinion because you'll just be wrestled to the floor in submission and made to feel like a piece of chewing gum on his shoe. For someone who can be informative, You should really try to be less patronising and hold back from the insults. GLA, I'm sure the tide is turning here.
Just popped on for a look around the board to see if I've missed anything. Seems not, Other than people falling out with one another. Another month been and gone, No doubt be a good few more of them before any tangible news. I'll look in again next month. GLA ;-)
Always hopeful that one day Sareums sp will blow the roof off, Reading Orm's blog really adds some perspective here.
Delighted to hear reports of such a good run with this treatment, Long may it continue.
Really seems that this is falling into place, GLA ;-)
Paragon Entertainment Limited (AIM: PEL), the attractions design, production and fit-out business, announces that it has entered into contract with Lamda DOMI in Athens to create a new Family Entertainment Centre in their Golden Hall shopping mall in Athens.
The €4.2m project commenced this month and will be completed by the end of 2019. This contract underpins the previously announced forecast financial performance of between £6.0m and £6.5m of revenue for the half year ending 30 June 2019.
30% gain and no one has bought or sold a share
That link is dead
What testing is due to take place at Balcombe ?