Member Info for somm

proselenes.

The Company never said that test results would be out month end.

They said.

"The testing operations on Heron-1 are expected to be completed during October."

Learn to read.

18 days of testing thus far.

I'm guessing the reason for the 'additional' testing is because of:

Testing the water cut % - this well is on the flank of the main reservoir and there could have been a breach. My worst case scenario for the additional testing.

They have had to do more fracking across the 22m (14m net) zones.

They have acidized the well bore and are waiting for the fluids to be pumped out to see what the oil flow rate is.

They've got oil flowing and want to do a longer flow test. Fingers crossed on that.

Or there's been a bad cement job and they've had redo the cement lining?

I don't think they'd be testing a duster for 18 days.

Let's hope the pumps make the flow rates commercial........if needed ; - )

Wet gas is skiddies in the undies caused by lots of liquids and spicy acidization in the bottom hole.

Hope that helps......

''In light of the additional and ongoing expenditure on well testing at Heron-1, the Company is postponing its plans to return to drill in Block V during 2019.''

Additional ongoing well testing? Are they acidizing the well, they have the equipment not far away? more fracking?

14 days thus far of testing...….somethings cooking

will be the 10th day of testing and I would include stimulating the well in those 10 days if needed, add a week to suck the fluids out, if no stimulation is needed then early next week for flow results RNS. imo.

Well after seven days of testing of course it's a leak, well not a leak leak perhaps, but more of a gusher. : - 0

I've been right about this Company for years, just ask Jimwhoknowsnothing.

Here's my Penny's worth.

Share issue of 1.5-2 billion shares to cover half a well.

A farm out of 80% to fully fund one well (second well) and the other much needed half of the first well with a few quid thrown in for capex/ opex for well one.

Leaving BPC with around 20% WI.

Then more dilution/ RBL to fund a strike.

Let's see.....

We won't know if flows commercial oil until at least the first week of October, probably the second. Imo.

Even 100% CoS doesn't mean oil will flow, it mean a strong chance of oil being there.

Let's hope they frack this to high heaven and it flows, pity no oil to surface.

What happens if OWC is encountered on the flank of the reservoir and breaks into PC's producing field? Holy dam busters!

Very long horizontal well needed on Heron, wink wink.

There could be blood.

......wells being spud this year then.

Yep, I saaid this the other day that the next RNS should be to tell us another tanker load has been filled.

There's no way the share price will remain at this level.

600 million barrels of 2C to boot too...…………...and if W comes in we've got to be looking at a new CPR Q

300K+ Barrel traunch sold news very soon.

Oh and another 600mmbls to add to boot too...…..47p? is someone having a laugh 55555555555

Remember Echo? They had a 500m oil column 120m net. I'm down 80% on the back of transformational Company news and CEO hype. Matd will only know if the well is commercial after they have fracked the net pay zones later this month, fingers crossed it flows.

Just saying.

over the past couple of years, please with sugar on top have the LC well come in ...….

RNS - DST result next Monday then?

This news is the only news that will move this share up, I don't care about flow rates etc.. atm, just tell me Lincoln flows commercial oil.

Another 10 days to hit TD.

Spud 25 days ago.

TD. 2,100m

@25 days 84m pd

@35 days 60m pd

We were told the Operator could drill the well in 15 days.

Hmm..

I'm beginnig to think there's no smoke without fire.

15% down today 30%+ down over a few days.

Someone know something.

The Heron well was expected to hit TD 9 Sept.

It was down for a week so add that downtime onto the 9th of September.

Both wells are expected to hit TD around 9/10th of September so another 10 days or so yet, unless they've completed faster than expected?

Share price has been dropping for a few days now, have they drilled into the primary targets and found non commercial/ moveable oil?

Always the optimist, but it's looking like a leaky ship re hitting dusters.

Aren't we waiting on Heron licence being signed by the Governor still?

Adv,

What income?

At 30m per day I make it we'd be at 1,300m, but knock a few days off for casing etc. and maybe more like 1,200m

So another 27 days to TD in my book.

Guestimates are based on Warwick well, and drilling down to 2,000m, though I think TD is expected to be deeper.