YA could convert £1million at 0.5p(ish) which would drastically halt any rise even if they can only sell 15% a day so next funding RNS is important in my opinion
depends how far down the well the 'top' one is if shuts off 1000 meters of well they'll probably opt to cement and perf selected areas that is a good week or so away if they go down that route
possibly a few more days/week before production started again Once identified, the source of water ingress will be isolated, either via a rigid setting fluid plug, or by a conventional cementing and selective perforation programme
i bought at 10p sold at 12p regretted it ever since, was waiting for a contract to be signed but FOMO kicked in so bought back in today, live and learn!!
I will start to panic once I see equipment on site and then weeks of no updates. As it stands there is no equipment, no work happening, we know the well flows (has oil and water flowing) most oil wells have water cut from researching this online. The SP is low because we have millions of shares to clear. This will rise quickly once equipment arrives. They could easily flow it with the water it would just cost more per barrel as need to pay to dispose of the produced water so make economical sense to try lower the water cut. Just a shame they haven’t released any timetable but everything with this well has been delayed so why expect anything different
probably true waiting on equipment, but why not just say that, we will complete a long term pressure build up test while we source equipment for routine workover. it is simple management
Can anyone point me in the right direction for expected OIP for the portland at HorseHill had a look through a few RNS this morning and cant find the information i want.
trying to work out potential NPV of the portland alone in Horsehill if anyone knows that either?
Does anyone know if there has been any news in regards to AEX farm out, want to buy back but trying to time it right. If they are again delayed i'd rather wait