Member Info for SeaHawk

You may well be right just goes to show the level of understanding the company has to deal with. There was simply no way we were getting flow results jeez they deserve to lose money if that was the case.

Not sure where the 26, 5 and 1 come from but it is not secret squirrel code!!

Many months ago we had quite a few discussions on the amount of gas required/ number of wells to fulfil the requirement. David Hobs kindly sent me an email giving me some detail on what the company thinks. After this stinking day maybe a good distraction for a short while, any way here is what he wrote:

'Hi Seahawk

The contract that results from the GSPA will likely have a build period beginning at 100-200 mmcfd and arriving at 500 mmcfd over a four year period. We will have some initial “banked gas” from injection during the first couple of years between our production start up and pipeline commissioning so we probably need 20-30 wells for initial delivery.

Assuming we never get better at drilling than we are now, two rigs operating continuously will provide 24 wells per year so it is eminently doable.

All best

David'

To give you all something to do have a go at working out how much the company will be making with 30 wells on the go!

26

5

1

NEW

If you have a large stake why an earth would you come on here and talk your investment down. Absolutely classic shorter, brand new poster, says straight away I have a large stake, then talks the company down.

And no you don't have a large stake.

Another brand new poster with 4 posts arrives to spout rubbish. About as subtle as a brick.

I am assure you I have not forgotten or forgiven the Magrez debacle but it behind us now and this well could be a game changer for us which is needed quite frankly. The drive up from Alberta for the frack equipment is quite frankly horrendous (I have done part of that trip) so to try and give timelines for when it would arrive, be set up and on the go would be silly. He stated it’s “all on the go” so we will just have to be patient.

What a load of tosh, we all know that it needs to flow. Why on earth did you invest in an exploration company if you cannot take the pressure. What did you expect last night, a guarantee of flow rates? Get a grip.

Stas you know damn well that no company ever comes out and says we do not have enough money and therefore expect a raise in next few months. Instant crashing of the share would result. Hamilton is playing the game because if he was invested he would not be banging on about a raise that is not currently needed as they have plenty of money for current operations. A long term flow test could last 6/9 months which would take us to summer next year, so yes by then they would probably need more money, but we all know that. Trying to indicate that they are running out of money in the short term is just rubbish.

Hamilton if you don’t like it then just leave and go and invest elsewhere. There are going to be more cash raises along the way until they start producing that’s almost a given.

Brom you are spot on it took them an age to get back to us with answers after the last one. It's not difficult to find the big questions an answer them even if it is only five or six. However, very good presentation and has given me plenty of confidence that we are going to make a ton of money.

Much more professional than any other webinar. All looking really good, the only area that shorters could jump on is they could not give us timings for the frack as equipment is moving from Alberta, although it is ongoing and is coming from a company that is extremely experienced in the type of oil patch we have. All really good news in my opinion.

Absolutely cracking start!

Good grief we just did one, do you not do any homework on your investments.

Stas you are back into trader mode. You have been here long enough to know when the flow tests are expected.

Magrez is still having an effect on us. We are going to have to wait for the oil to flow before people fully believe what we have. Still not long to wait now, just need a decent oil flow rate and to know the gas is of the right quality and we will be off to the races.

It should do but this is AIM and literally anything can happen.

Just to give new people an idea of how good that RNS is, the 62% increase in gettable oil at a meager $30 dollar profit per barrel comes in at an extra 10 billion quid.

Brilliant news, well done the drilling team. 62% increase in marketable liquids eg mostly oil sold at a very small discount compared to just oil. Interesting news that we have teamed up with new firms who have arrived from the Permian Basin for the fracking part of the well. These new firms to the North Slope must be expecting lots of work in the next few years (hopefully that will be us). Great way to start the week after what was a pretty poor week last week. Well done all long term holders we are eventually getting there.

Well the wicked witch DPM has gone. The markets might like that with a bit of luck.