Member Info for Shpunken

Lol

Fez I think the seismic will be done after all the test and the area covered will be fairly small, so shouldnt take long at all.. Last part seems very straight forward.. I hope the tests will prove the discovery is commercial, so we can pin point Te11 and go for the motherload.. In the event that Te10 is commercial, sou should risk Te11 and go for a much higher risk/reward well.. We will be underpinned at £1 at least with Te10 and te5 so why not go full on Russian roulette on te11

Well I guess that's why we can use the sp instead to understand what's happening in the bkground.. I hope they will post news step by step

Lucky, indeed that should be enough.. And it will hugely derisk lots of other similar plays, so will add value for sure.. Will be interesting to see if jp will announce news as we go or will wait till the end.. Just like with previous drills, I think the sp movement will give us a good indication on what we should expect in the next rns

I think we will use stimulation regardless of the flow, if I remember correctly it improved te7 by nearly 5 times from already commercial rates

Joe from all the tests mentioned I think at least mid Jan.. Unless they decide to update the market step by step.. A lot of work still to do at te10

Pne, because they are doing few tests I would say couple of weeks till we know what we actually have.. Followed by stimulation, and seismic

Very impressive vol today, 9m traded in only a few hrs.. Lots of buying and selling, if no news this week, the sp should test 25p again before more profit taking.. The fact that we didn't end today on -5% or below shows very strong demand atm... Hopefully a happy 2019

Some nice buys are coming in, pressure is building

Yep, some are sitting on over 100% profit, ppl will be selling today and taking positions again.. Looks good so far

Shaun make up ur mind, if u think £2-3 is cheap and are saying u never said £5 (which btw if u would've read my comment properly, I implied as an example number and not what uve stated) then what are u expecting if te10, and Te11 come good?

Shaun I don't think u fully understand how valuations work or how acquisitions work.. So in ur head a major will happily pay £5b for our assets? Look at the deals done in the past 3 to 5 years in the oil and gas industry and that will give u an idea of what to expect... Sou has limited funds etc and we are a tiny fish in a pond with sharks.. We have very little bargaining power, and will accept a fair valuation...

Bobee u do realise £7 is equal to £7b... £3b valuation is already a fantasy... If te10 is commercial with a mid case of 2.5tcf we are looking at a sale value of £2 at best.. To get higher we need to drill Te11, it's a must

Kemp, just like with te5 Hurst, first we will try and flow naturally and even if we flow commercially, I think stimulation will be used to improve (like previously at least double, triple) our flow..

Reach my average? U need to stop with ur assumptions.. I am looking at facts, and the fact is that badile rns is different to the Te10 rns.. Badile wasn't stopped to be tested was it? All they said was gas shows... We have here gross (unfinished drill), net number (very Conservative that's why mtd will be used) and porosity at 8% (and if u can't see the significance in that then that's ur problem).. No mention of seismic in the badile rns, was there? Again the formation and the structure are very different so to compare two rns's is incorrect.. And I am not getting too excited, literally all. I've been doing is saying that ppl need to chill and wait for the results... But unlike u, I can see huge positives in the Te10 announcement.. Like we always say market knows best, and the price has risen by nearly 60% since the rns... This can still turn up as not commercial but u can't ignore the positive signs so far

If we announce commercial rates anywhere near te6, after stimulation, I'll be surprised if they don't do it, no one will have a chance to sell or buy in 20s or 30s... Te10 alone is valued at £1.10, and that info is out there, unlike previously when u had to be involved with sou to have a guess regarding the value of te5 Hurst... Hopefully a nice rns before new years to give as all a good reason to party all night and welcome 2019 as happy and drunk as possible

Neptunes, how can you compare our last rns with badile's, literally no similarities.. Badile rns was vague, apart from gas shows we had no more info.. In this case they've pretty much announced a discovery, and 8% porosity, which on its own derisks the field.. Even if flow come in sub commercial, we have found gas bearing sands with porosity lvls like in te5 Hurst, that's why that number was important and why it was mentioned in that content in the rns... Badile had no further tests done, Te10 is having at least 3 more before we even flow it, and stimulate it.. Badile has nothing to do with Te10, completely different wells and the rns's announced

Neptunes up until around 9% I thought it was pump and dump.. I am very sceptical and been trading since 2008, have seen a lot, sp dropping before good news, sp rising before bad news... But after the vol pick up and some very big buys, it was becoming obvious that ppl were buying in and quickly... Now, whether its a leak or just the sheer number of ppl driving the price up we will find out soon enough... I wouldn't be surprised if they have indeed made a discovery, but it's way too early for us to know if it's commercial or not...

OK so the 1.7m was definitely a buy, I see that now, also we had couple of very chunky buys after hrs, looking very good

OK let's not get over our heads again...