Member Info for Retireby40

T-45 was worked on first and it says within 60 to 90 days for Dino which makes sense.

T-45 was within 60 days of the RNS then so 30 or so left and Dino 30 to 60 days for the next zones.

I disagree and think the oil and gas are different in terms of talks and blackout. I expect news on T-39 in the next week or so and if they drop an RNS on that it would be great to have current bopd from T-45 and Dino-2 and possibly reaffirm the timetables and whether a decision of zone 13 has been made. The shorters are saying the bopd was initial and will have dropped off a cliff so confirming they haven’t would be great.

Is it within 60 days from testing on 8 April or the date of the RNS of 8 May?

The RNS is ambiguous. Is it within 60 days from the start of testing or from the RNS? Extended well stimulation and testing program commenced on 8 April 2018. 6m (3m of Zone 14 and 3m of Zone 15) out of the identified 98.9m combined pay interval from Zones 9, 14 and 15 of the Eldari reservoir has been perforated, mechanically stimulated and flowed together. The well naturally flowed light, sweet crude oil at a stabilised flow rate of 270 bbls per day. The intention is to continue to test the combined flow of Zones 14 and 15 and, within a period of approximately 60 days, perforate and stimulate Zone 9 and produce from all zones together.

T-39 should be being stimulated now or soon. I’m not sure when they said T-45 would be stimulated within 60 days whether that was from the RNS date or when the first two zones were stimulated which was 8 April. Probably the former but if the latter T-45 will be worked on this week, perhaps the crew and kit are on the move from T-49 to T-45. One can hope.

16bn shares so 5% is some 800m.

So there are just over 100m shares before the II gets to 5%, assuming it’s one entity.

Hopefully these are the last of the alleged share transfers so better volume today. Be good if Zaza can tell us the YA plan sooner rather than later.

Looks like a sell to me too. Was a little lower than the previous buy..

so far fom Friday.

Freeatlast, completely agree there should be less ambiguity in their RNSs. The same applies to 270bopd and 315bopd, over what period, what was the initial flow and how many barrels have been stored ready to sell? Important bit is showing the oil will not massively drop off as it has done previously.

Ud-2 was stimulated on 21 April and was still in clean out on 8 May. Assuming another week for clean out it’ll be 3 weeks tomorrow of flowing debris free gas. No idea if they’re going to stage 3 or what the next steps are. Perhaps they’re waiting on the flow before deciding.

Extended testing started on 8 April so within 60 days would suggest zone 9 and possibly 13 will be worked on this week. That’s assuming they stick to that timeline.

Speculation that a transfer of shares is taking places and given the daily number seems to be on the up indicates the period in which its to be done is coming close to its end.

Once they’re done we should move higher so hopefully today’s the last day of buying in the low 0.4s.

The increase in the daily cancelled trades tells me they’re coming to an end. Perhaps today is the final day. Hope so!

After today we have 10 trading days left which will be both exciting and nervy. Following this conversion, YA will hold 2,891 Series A Shares with the redemption value of $2,891,000 which is redeemable on 16 June 2018.

Although using words like commercial and robust economics is well and good proof is in the pudding and the market wants to see detail. What time period was 315bopd achieved, a day, week after what initial flow. Shorters are suggesting it could have been 13 battles in an hour! Okay that sounds silly but the lack of detail means it’s open to interpretation and the market thinks the same. Onwards and upwards I’m sure.

As mentioned, my biggest criticism is the lack of real detail in the RNSs on flow. Why not say T-45 initial produced 2,400bopd over the initial 4 days but has since stabilised at 300bood over the last 2 eeeks and our modelling expects this to be maintained until we introduce the additional zone or two. Same applies to Dino-2 albeit fewer days testing. It’s obvious but why not say it’s being stored and once we have xxxbarrels it’ll be loaded and sold. Simple.