Member Info for Retireby40

I thought it was Cantor’s.

On little volume. Potential here is massive.

The question is will Walmart et al be using wand’s software as part of the data transfer, you’d think so. The potential here looks massive. Microsoft have been producing case studies, blogs re data replication and exhibiting with wand so looks like this will be a massive partnership. Some snippets from an owenski on ADVFN - Https://uk.advfn.com/stock-market/NASDAQ/MSFT/share-news/Microsoft-Revenue-Pushed-Up-By-Cloud-WSJ/77901899 Much of that growth has come from persuading customers who run Microsoft's software in their own data centers to mix in cloud services, a business known as hybrid-cloud computing. Microsoft remains a distant No. 2 in the cloud business behind Amazon.com Inc., but has established itself as a viable option for companies beginning the transition. But the company has reversed its fortunes, largely under the direction of Chief Executive Satya Nadella, by focusing on the booming cloud-computing market. Earlier this week, Walmart Inc. announced a five-year deal to use Microsoft's cloud services. In the fourth quarter, revenue from server products and cloud services, a category that reflects Microsoft's performance in the hybrid cloud, rose 26%. The company doesn't disclose revenue for the segment. Stifel Nicolaus & Co. analyst Brad Reback estimates revenue in the category hit $7.9 billion -- "massive" growth, he said. Microsoft is "playing from their strength," he said, by using traditional server software to lure longtime customers to the cloud. Those sales helped Microsoft generate $30.09 billion in revenue, a 17% gain from a year earlier, when measured using a new accounting standard the company adopted at the beginning of its fiscal year. Mr. Nadella, in the company's call with analysts, cited Microsoft's "hybrid value proposition" as a reason for its quarterly growth. In the fourth quarter, revenue from the company's Intelligent Cloud segment, which includes its Azure business, rose 23% to $9.61 billion. Azure revenue increased 89%, compared with 93% three months ago -- the first time the business has grown slower than 90% since Microsoft began reporting the metric in October 2015.

Ud-2 aside which is clearly disappointing (although flowing Miicene gas for the first time is great) T-39 looks excellent. A reminder - On 4 July 2018, Extended Well Testing ("EWT") commenced at T-39 well, by perforation of 21m interval of Zone 19, situated between 2970m and 3000m. After a well clean out, the well started to flow light ( 41.5 API), sweet crude oil together with wet gas and, under natural flow, achieved following production rates: 529 bbls/d of oil and 600,000 scf/d of gas using an 8/64" chock size, 347 bbls/d of oil and 425,000 scf/d of gas using an 7/64" chock size and 250 bbls/d of oil and 350,000 scf/d of gas through 6/64" chock, demonstrating excellent well deliverability. The Company anticipates that production rates from future development wells may be significantly higher. The CPR volume estimates of 14.8 million barrels of recoverable oil from Zone 19 and 36.5 million barrels of recoverable oil from Zones 20, 23 and 25 of the Eldari B formation, situated between 3056m and 3350m interval support the significant potential of the Eldari B formation. The well was perforated, not stimulated and produced great quantities of both oil and gas. I’m sure once the market absorbs this it will respond accordingly. I expect to get an update on T-45 in the next week or so and Dino-2 soon after. The share price is frustrating but s good top up opportunity if you believe. Hopefully a blue day tomorrow.

150,000scfpd is 0.15mmcfpd.

150,000scfpd is 0.15mcfpd.

Also he bought shares when he surely knew ud-2 was a flop. Hopefully they’ll get some funding and sidetrack it as it seems with a proper cement job it’ll be a success like the oil wells. Hopefully we get some news on T-45 soon on current flow and whether zone 13 has been added as well as zone 9.

I can’t see his posts?!

Disappointed with ud-2 but the market priced in failure. Cash is key so good news on oil and YA. I think we’ll see some more RNSs on oil to support the share price so current flows on T-45 and Dino-2 shouldn’t be too far away. Oil going well, gas not so although hopefully they’ll decide to sidetrack ud-2 if finances allow.

I understand your point too, Mole but Zaza and YJ need to learn to not state timelines which gets people frustrated. I believe this will come good but really basic comms is to report back and what you say. They said they’d stimulate Z9 and maybe Z13 within approx 60 days (11 days ago) and they’d inform the market once the decision has taken place. Don’t say that unless it’s going to be delivered. Simple. The decision would have been taken more than 2 weeks ago assuming they stimulated within 60 days. Anyway, rant over. I look forward to the next RNSs and hopefully they won’t mention any timelines unless they’re sure they’ll adhere and report back regardless of outcome.

Mole, I agree with most of your points but when FRR say something in an RNS they should report back on it. Ud-2 I assume is still okay/testing or we would have been told otherwise. Dino-2 will be stimulated again soon enough whether that’s zone 13 as well they should tell us. To be honest I think it’s poor it’s been 70 days since the 8 May RNS when they said zone 9 and possibly 13 would be stimulated within approx 60 days and that the market would be updated on its decision re zone 13. Presumably the decision was taken a while re zone 13 so why haven’t we been informed as they said they would (see RNS on 8 May). Leave that out of the RNS and it won’t be an issue.

Thanks Stesaxman.

18 tankers, how do you know? Also, how many barrels does each hold?

Croatia have a much better midfield than us but we have a better striker and defence. A 50/50 game and hopefully we take our chances as we won’t get as many as we did in previous games. Hopefully we win and we somehow win on Sunday and get a really decent RNS on Monday to help our hangovers. One can dream.

Commy, Dino-2 was stimulated on 7 May and we had initial flow on 21 May check the RNS. T-39 was stimulated on 1 July so maybe early next week then.

Check out RNS on 21 May.

Commy, we were told it was being stimulated on 1st July so we could have initial flows any time. Dino-2 was stimulated then we had initial flows reported 13 days later.

I would’ve thought they’d have said whether zone 13 as well as 9 has been stimulated as per 8th May RNS. It said they’d let us know within approx 60 days. So because it says approx FRR have the green light to say nothing. Sadly that’s their old MO. Anyway, I hope when they do speak to us it’s to say they stimulated both and this is the commingled flow for the 4 zones and we’re stabilised at 400+bopd. Even more detail, the initial 2 zones produced an average of 250bopd for 3.5 months and zones 9 and 13 xxxx in the last month. Anyway, I expect mews on T-39 any day on initial flow as they did for Dino.

I think if they’d followed up with points for us to defend we would have heard about it either through FRR but more likely through Tim or another shorter.

I assume the Georgians haven’t followed through. Frontera Resources Corporation (AIM: FRR), the European focused independent oil and gas exploration and production company, notes the recent media speculation in respect to arbitration and potential territory relinquishment. The Company confirms that it has received a request for arbitration ("Request") from Georgian Oil and Gas Corporation and State Agency of Oil and Gas in respect to certain terms of the Company's production sharing contract ("PSC") in Georgia, however, the full statement of the case has not been submitted and the timings for any such hearing, should it occur, are unknown. In respect of potential relinquishment, as announced on 3 November 2017, the Company has commenced implementation of a program to study commerciality of Block 12 (the "Study Program"), in order to reach conclusion regarding sustainability of commercial production. Pursuant to Article 9 of the PSC, the Study Program has a 5-year term and it delineates the entire Block 12 as the area ("Study Area") where the Study Program will be implemented. Under the same Article, pending completion of the Study Program and notification of respective results, no relinquishment of any part of Block 12 is due for the duration of the Study Program. Quoting Article 9.5 of the PSC, in part: "In the event the Contractor [i.e., Frontera] makes a declaration under Article 9.4(c) above, Contractor shall not be obligated to relinquish the relevant Study Area pending the completion of the further work committed under that Article [...]." The Company considers the Request to be without merit and has engaged legal counsel to protect its rights. The Company intends, if the administrative formalities are followed through and the statement is submitted by the authors of the Request, to respond to each point and ensure that the Company's rights are protected. The Company is confident of its standing and complete compliance with the PSC. Further details will be provided to the market in due course when available to the Company.