Member Info for Retireby40

If someone is genuinely on our block from a major I’m sure they’ll pay a visit to ud-2, be odd not to.

That’s what I’d have thought/hoped that it’d be the gas that’s of interest. Not sure why they’d be sniffing around the oil?

Just looked it at both BBs and yeah, not sure about the new iii format. Will take some getting used to.

I don’t look in on here for 24 hours or so and what happens, fire finally posts something worthwhile and on the money. 09:10, 9th June 2018 a date for the diary. Well done. It took nearly 15,000 posts but you contributed in the end.

I’m not ire I agree. I think if they can get 2-3mmcfpd from ud-2 majors will be thinking they can do better by drilling their own wells so it’s proof of concept and they may well want to get in there early to get more bang for their buck.

a transfer or big sells?

Basically trading in a tight range so a little up on days and a little down on others. No discernable movement so sideways.

Used to be FRR’s modus operandi, 1 step forward 2 back. Hopefully a thing of the past and once the shenanigans with the supposed transfers are over with we can get some decent operational news. I’m away on 14th to 18th June so my bet is we get an RNS on 18th.

I think it’s more the oil flow. If after 2 months T-45 is still flowing 200bopd or morw (from 270bopd stabilised a month ago) that will be great news and will demonstrate decent revenue is coming in and the same applies to Dino-2. The fear some and spreading is the initial flows will come down very quickly as they did in the past albeit with different methods applied. They need to demonstrate they learnt from this and have cracked it. The Niko funding deal and today’s news suggests they have but the market has learnt from giving FRR the benefit of the doubt. I hope they get a wriggle on of this granger is taking place and we can have some good ops news. Extended testing started at ud-2 on 21st April and was in clean out some 2 weeks later (8th May RNS) and we’re now nearly 4.5 weeks after that so they should have been flowing debri-free has for a while so initial results shouldn’t be too far away and then onto stage 3 maybe? Anyway, since stage 2 was stimulated it’ll be 7 weeks on Saturday.

What we need now is an iOS update re T-39 and hopefully an update on T-45 and Dino-2 as many are suggesting the bopd has dropped off the side of a cliff. It’s good to have flexibility and be able to use ordinary shares for YA but that element has given the shorters an area to emphasise. Given T-45 was stimulated on 8th April if it’s srill going at over 200+bopd it’s great guns and shuts many up. Same applies to Dino-2, hopefully 250bopd or so. Anyway, good news and here’s hoping we’re able to pay the balance before the 12 months is over with.

Trying to be a mixture of PJ and mapp.

Glad to hear it. Hopefully onwards and upwards from here. Logging off for a few hours so hopefully come back to blue.

Puddy have you de-risked?

Good point! Okay so 10% plus a mere 2% in shares at yesterday’s price. They still made a lot more from dilution!

See - I agree. On the money owed £40,000 interest on the 10m is 2% interest so they’ve surely been told the share price will be higher for them to sell into? Great to see. Also, they have to store the oil, take it to port and there are 45 days payment terms so they’re probably not flush but money will clearly be coming in.

I agree. On the money owed £40,000 interest on the 10m is 2% interest so they’ve surely been told the share price will be higher for them to sell into? Great to see.

Where it opens.

Either some don’t understand the RNS (of so they shouldn’t be investing) or they have a alterior motive. Cashout et al, invested?

Has to be some kind of transfer as it’s gone on far too long and has been commented on endlessly. 2 x 3m and 2 x 2m so a nice even 10m as usual. After today only £ trading days left before 16th.

My sentiments exactly. That seemed to be what Zaza was saying at the last meeting too. Stick or twist your call. He wasn’t in a mood to plead.