Member Info for Pikestaff

For me, and I have a lot riding on it, it comes down to this: was the acid operation successful in achieving its objectives or merely successfully executed?

For anyone that hasn’t seen this, well worth a listen. 3 minute segment early on. The unrisked potential if this well demonstrates a ‘fairway’ through the Paradox is staggering.

https://www.voxmarkets.co.uk/articles/the-exchange-with-gervais-williams--9792a19/

They have 3 wells that can be tied in near term. Any one of which can double production overnight. 16-2 is in the gassier north of their acreage, 28-11 and 36-2 in oilier south. 36-2 has a richer condensate yield than expected, with big impact on economics. Lots of additional wells to target which they can finance themselves but ‘given the types of progress we’re seeing’ will ‘certainly’ get a partner in to accelerate the process. This is just the start.

Restrained understandably given the audience and timing, but confidently on top of the detail. Could push ahead with own resources at slower pace but ‘given the types of progress we’re seeing’ wants a partner to push ahead at speed. I read that as very positive.

Surprised by the sales today. A reaction to the helium delay perhaps, but that always felt a bit Plan B.

I thought Colin talking to his peers and backers came across as focused and businesslike, not in Malcy-mediated sales mode, which I welcomed.

This was an opportunity to manage expectations if the tests were underwhelming. Instead he reiterated ‘multiple catalysts for near term growth’, ‘potential for near-term transformational growth’ and looking for partners to accelerate that growth.

Interesting. Very assured, confident and positive presentation. He’s already looking beyond the test results to accelerate development and a farm-in. This is looking good…

Hi, long time holder here. I also added largely on the strength of Adon’s uncharacteristic last posts. Not the brightest investment strategy I grant you, but in the absence of any other steers….This morning’s purchases were made at a price lower than the sell price unusually.

My first post on this, or I think any other board. I'd like to express my thanks and appreciation for the contributions of two of the board's heavyweights, in the red corner Bohemia and in the blue, Starchild. Whether you agree with his views or not, the latter in particular has shown considerable restraint and grace under pressure over the last few weeks, urbane, generous and good-humoured throughout. There was a seachange mid week. The bears have played a blinder, but those with open CFD positions will have been fixated by 1p and will now have to rapidly recalibrate.

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