Member Info for Sausageonstick

I guess we are in limbo until we are told the timings of the plug.

Had thought we might get a RNS with plug timescales, but hey ho, booking a rig seems to be taking longer than a simple phone call.

Said it before, but where was the due diligence by the BoD?

By derampers you mean realists that don't have their heads in the sand?

Exactly my point, the Twitterarti are coming out with sh it e

And another one "I think most of us realised it was a dodgy offer when the SP kept falling all week."

Really folks?? # twitterarti #emperor'snewclothes

How many on here are going to follow the Twitterarti to their next stock push?

...when one of the Twitterarti states "........... there definitely seems more buyers than sellers." as UPL sits down almost 39% !!!!!!!!!

We just have to wait now for Roland to announce the timings of the plug

You'd think there would be some due diligence, before pushing out a RNS of that nature. Otherwise all and sundry would be submitting offers to treble the price.

Gordon, I'm sensing a change in your love for SYN?

A lot of people are now seeing these Twitter 'expert' for what they are.

A least the bitty trades are blue today!!

So you think that Roland is spending time and money on planning the logistics of something they have no intention of doing?

They have decided to plug zones 1-4 because the rate of water being pumped out is smaller than the rate of water ingress. They could try for another month, but they tried it long enough to know it needs to be plugged.

I have a feeling they are pushing the JV partners before funding is needed, hence Roland's comments about the JV being the focus.

But will it fall to 0.08p before it rises? Roland has already said in the IMC presentation that rig is 30 days away.

..we sit and wait for the RNS that tell us how long it's going to take get a rig, set it up and plug away. Let's hope the timescales are realistic!!!!!

Happy birthday Gordon.

You are very close to my home town, Boggers Regis. You going along the canal at Chichester? A very pleasant walk I must say.

I have to say it probably people hoping for the new improved flow rates being announced that are now peeved off as it's going to be, based on the IMC presentation, at least a month before the rig turns up. Hence selling and price drops.

0.08p here we come?

...as our £6000 buyer today.

Have a feeling now zones 1-4 will need plugging and that the rig will be a month in getting to the site. Then plug it and then take the rest of the fluids out.

For me looking at before Xmas for the new flow rates to be known.

There were three 1 trades yesterday, so I'm expecting a RNs today, tomorrow or Friday 😂

Let's hope JV news comes soon!!!!

Interesting to see the a £4.8k and £1.9k sell at the two week stage, I was hopeful we would see some buys at the two week point.

What's people's thoughts on plug/no plug, from my post 13th October

JV

Based on what Roland said in the IMC presentation, I'm going with a JV in Q3 2023. I think it's very close and I think Roland is optimistic that JV can be signed in 2023. I think the JV partner will pay for the first 2 drills and fracking from the same pad into virgin ground. The flow rates from those two will be immense remembering just how much gas hey think is down there at the moment. The 77H 6 zones and the new wells will then be able to fun the next few (I won't guess at the number). They in turn as more gas is sold fun greater and greater expansion.

C77

I think Roland will end up plugging the first 4 zones I'm afraid. They knew that water came in and they had to shut down production for a bit, so water has been a known problem for years. As Roland says we are dealing with geology that doesn't always play ball. So I fear the jet pump will be removed, zones 1-4 will be plugged then the jet pump reinstalled. It will remove the water and the uninhibited gas will flow after thus giving us the new flow rates in December.

Funding

Funding will be tight, there may be a small 'bridging' placement just to get us through. Especially if they have to get a rig back onsite which won't be cheap.

The BB

We'll keep on churning the same theories until a RNS sends us off on a different trajectory.