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Agree they would need to announce if we’ll shut in until summer so definitely not the reason. Whilst still typically ambiguous this para from last jumbled RNS seems to suggest that they will be producing through the temporary line, however doesn’t say selling.

“Whilst producing through a temporary connection, the new well flowline will be constructed to enable full plateau production this summer.”

I’m not overly perplexed about my investment. Have a significant holding but I am not drunk like others and I’m just balancing the debate. Personally I think there is a problem and we will soon hear about it, hopefully it’s not irretrievable. 50/50 gamble now imo

Actually no, still hold. You have to agree Push that something not right with the chronology and content of updates since the 1st April Q&A, followed by 9 days of radio silence.

They obviously knew they were on temporary production lines so why the over zealous comments in Q&A and first RNS? Why the ambiguity of the last RNS on production to grid. Why the contradiction of full plateau timing?

Don’t tell me the above is normal.

Too long with no further updates including the usual daily twitter posts. Something definitely not right. I have a hunch the well is failing / has failed somehow.

Definitely bad news coming. Pretty obvious.

Something seriously wrong. I think the well has failed.

Sadly it appears there is a problem with the well. They should be updating the market immediately.

What communication issues do you mean ? They said later in the month the 3 wells will be flowing therefore this week for the update. All on track.

Interesting to see the change in narrative across a short period time time. From flowing by 7th through to pipeline by summer.

28th March
coiled tubing operations are taking place this week at Saltfleetby and will be immediately followed by a short period of well testing before flowing the well directly into the process facility for export. Accordingly, we now expect first export during the week of 7 April. Looking at the below statements and chronology it’s very hard to understand what’s going on right now. Clearly they have always been able to produce to grid from temp pipeline so what other realistic reason could there be for no connection yet and for the new deadlines set below.

1st April
We will therefore report initial flow rates for the first 36 hours via RNS on Monday before 7 a.m., however these rates are presently evolving and will be subject to further change (normally improvement) over the following 72 hours as the well continues to blow back residual mud and calcium carbonate.

3rd April
Connection to the plant for gas processing and export is planned directly after the clean-up and we expect to realise the combined flow rates of all three wells later in the month.

18th April
We are expecting the well to clean up further which is likely to raise that flow rate in the future. Whilst producing through a temporary connection, the new well flowline will be constructed to enable full plateau production this summer.

Flared off

It is clear from recent RNS that all is on track. They stated later in month for connection and flow from all 3 wells. This week can be considered later in month so expect confirmation any day this week. From their Q&A they were over zealous and clean up process clearly showed that it needed quite a bit more time. Regardless, it’s flowing and this hiatus only provides more opportunity to make serious money.

As is your spelling

L2 strong, about to tick up. Plus this will sink in next couple of days and will surge for sure.

The well is still cleaning up so of course it is not going to the grid yet. They have clearly stated that there’s further clean up. I expect before end of the week you will have another update confirming sales commenced and latest flow rates.

Not sure why all the panic, this is fkn great news today.

I would suggest a PE of 10-15.

Showing strength, markdown just flushing out the weak. Good opportunity to buy ahead of what is sure to be a positive update in the coming days, if not today itself.

Then why the comment ‘realise flows at end of the month’ ?? That certainly is several days

Gas price will be over 200p 2023-2025. Lots to look forward to.

No it doesn’t.

No it didn’t. It said several days.