Member Info for Retireby40

Thy haven’t said they found nothing but it seems zone 19 is more prolific with a larger pay, no need to frack and lower decline rates so it would make sense to go deeper and then once in decline go for the higher zones.

Yep, no fracking required, a large pay zone and slower decline. The note implies T-45 and Dino-2 aren’t producing sand either - Since switching to oil based drilling fluid, Frontera has been drilling good holes and effecting sound cement jobs, which has resulted in an absence of sand production. In our opinion, it is of critical importance that the T-39 well has produced from Zone 19 without any reported sand production.

That note is surely a precursor to an RNS. They’re setting the scene, or I think they are.

Appreciated!

You may well have a point on the interpretation of the wording on 8th May RNS. But what about Spurs? I and everyone else have paid an increase in season ticket price for the new stadium not ******* Wembley. No bloody signings as well and we might sell Rose when Davies is mediocre at best, absolute joke. Over and out. Walker-Peters should start left back anyway.

What’s happened to updating the market on zone 13 within 60 days and 60-90 days of 8 May for T-45 and Dino-2? Wandisco trading update also delayed to this week. Tottenham no signings ******* Hotspur stadium delayed to God knows when. FFS sort it out you ******s, all 3 of you.

Looking for the dot in the morning is as dull as looking at Spurs’ transfer activity. A ******* let down.

We seem to be in a holding position until the next RNS arrives regardless of buys. Thought we’d have an RNS by now so looks like next week. Next Weds will mean T-39 has been testing for 6 weeks or 42 days (Niko failed after 40 days); T-45 for over 4 months and with the additional zone 9 for over a month (assuming they worked on it within 60 days of 8 May RNS) and Dino-2 for over 3 months and the additional zone 9 added over the last few weeks. An RNS next week would be appreciated!

A sell.

We can build from bouncing at around 7.50. Trading update due next week. Interesting time.

Fair point Mole but the last meaningful RNS on T-45 and Dino-2 was 8th May so 3 months ago. One is due and hopefully this week. We have to assume that zone 9 has been worked on but they didn’t bother telling us of zone 13 was included although Zaza seemed imply in the podcast they hadn’t. Hopefully a decent RNS this week and start building some momentum.

I expect (indie this week!) an RNS on T-45 and Dino-2 next week. Zone 9 should’ve had a month commingled testing assuming it was worked on within 60 days on 8 May RNS and Dino-2 should’ve had it worked on too. Hopefully the Niko investor will confirm they’re happy to go to zone 19 and that will feature too. T-45 kicked off on 8 April so I fancy an RNS on Weds 8 August which will be 4 months of testing zones 14 and 15 and at least one Month including zone 9. Dino-2 is a month behind.

To be fair we’ve not had an update on T-45 or Dino-2 since 8 May so nearly 3 months. T-45 has been under test since 8 April so nearly 4 months (albeit zone 9 for nearly a Month assuming it was done within 60 days of 8 May RNS). I expected news this week. Perhaps Zaza wants to include Dino-2 and good mews on T-39 bopd and confrontation that Niko will be drilled deeper to zone 19.

What’s your gut feel for what T-45 and Dino-2 are currently producing stabilised? I assume in Zaza’s year end 1,000bopd Niko is included.

The 8.5m was higher than the 3 chunky sells (3m, 3m and 2m, a cheeky transfer?) before so it looks like a buy to me.

StarRage, they also said and the same applies with Dino-2 within 60-90 days and we haven’t heard the final decision. I don’t think they went for 13 given Zaza taking about its potential in the interview. The Company is also considering the perforation and stimulation of Zone 13 in addition to the original Zone 9, 14 and 15 targets. The market will be updated about the final decision in due course.

How many bbls did someone suggest it holds? Wondering whether we can expect another load leaving for sale?

I’m surprised we haven’t had news on T-45 and Dino-2 yet as by the sound of Zaza on the interview zone 13 wasn’t worked on but they were meant to inform the market within 60 and 90 days respectively. Assuming zone 9 was done it would have been nearly a month ago for T-45 so an RNS soon surely. Perhaps they want to wait for T-39 and deliver them together which is likely if the first two have dropped off. If that’s the case they’ll want more than 45 days from T-39 given Niko stopped sustained flow after 45 days due to the cement job etc. I can’t see that we won’t have an update for 3 weeks (taking T-39 to 48 days testing) so I expect news on T-45 and Dino-2 soon.

Most sites go for the mid price so 0.32 which is 8.47%. Some will have the % as the last trade. I go with Coggy’s 8.47%.

How many shares were in circulation then, I bet a fair fewer than 16bn!