Member Info for somm

CA showing confidence with an increase in holdings :- )

wrong thread :- )

Yeah noted, confirmation in the next Op's Update then.

Yeah noted, confirmation in the next Op's Update then.

A8 Well - If drilling the remaining 460m at 23m per day we should be at TD now and as I've mentioned before with an initial 5? day flow test we could see a RNS out next week.

The 153 Well by my calc's should be being flow tested this week - double wammy RNS next week?

Good news on these two wells and we'll no doubt see a share price POP!

Rusty old Allegro traded in for a Ferrari ? - mind your backs getting in old timers ;- )

If that's the case then where's the RNS confirming, will get a RNS this week confirming?

Next Cargo is due to be lifted (this week?) shortly - hopefully the RNS will also state how much we have in the bank since the last lift.

$50 per barrel net profit on 500 Mbbls is another $25,000,000 into the kitty, which should see another rise in the share price.

Won't be long before we will be able to pay the Bondholders off......or spud a new well/sidetrack with the dosh in the bank IF they push the bonds maturity date out - or we get new funding/ Bondholders.

''As previously announced, the 24th cargo of Lancaster oil, totalling approximately 505 Mbbls, was lifted in late-August 2021. Over 10 million barrels of Lancaster crude have now been produced and sold from the Lancaster field. The next cargo is expected to be lifted in early- to mid-October 2021.''

5p+ This weeks end?

No.

E.g. they fracked a 63 meter Gross oil column on the A5 Well that initially flowed at 3,800m.

Hopefully they've got new tubing to commence the A5 sidetrack this month - beast of a Well with 3,800 bopd flowing before getting blocked.

I'd guess the reason why they're taking their time with the new sidetrack drilling at approx. 7.2m pd is to contain the amount of debris? - they perforated 63m last time, and wonder if they'll perferate the same length this time around?

The Deep Wells A6/802 are having acid treatment before year end to boot - what if?

''In early January 2020, we announced that Deep Well A5 had flowed without interruption or artificial stimulation for four days. Our priority at that time was to maintain the flow rather than to maximise production volumes. Accordingly, we quickly switched to smaller choke sizes than the 12 mm used when the well started to flow, or the 19 mm we used when the well flowed at the rate of 3,800 bopd in 2017.

This allowed the well to continue to flow without interruption for 40 days in total, albeit at rates much lower than expected from a deep high pressure well. In February 2020, the well was closed to clear excess drilling fluid, which was restricting production levels and limiting reserves estimates.''

KK,

Because of your excellent attampts to become the Number 1 ramptastic poster on the CASP board and with there being a very goood chance of the 153 Well update be a good'n next week I've decided to add 149K shares to the pot.

Are we looking at a Gross 400m oil column between the 153 and 154 Wells to boot?

KK,

Sure you're not having a go on the bouncy castle?

Well if everything drilled comes to fruision we'll no doubt see a new CPR being done by end of 2022.

Yep the 153 Well should be being flow tested now - they flow tested the 154 Well for 5 days subsequently reporting 629/700/600 bopd - will they flow test the 153 Well for a little longer to show a steadier initial flow rate?

A8 won't be far off.

Other news that's due this quarter - CE boat hire - in advanced talks/ SY licence upgraded to export licence/ 146-141 Horizontel Well spud(s)/ A5 Well sidetrack commencing/ 802 Deep Well spudding/ A3 Best to spud after export license has been issued/ 801 + A6 Wells to have acid treatment again - Dutch lab preparing new acid treatment.

Who knows where the share price will be mid-next year - certainly not sub 4p.

KK, lol!

He's been at the had of the table for three years already! Has he overseen the Acid treatment on 2+ wells? or blockages on Deep Wells/ failed sidetracks while being in charge?

Oh Well, may be he will Shin e this time around. ;- )

U,

The adding of 20 barrels of oil here and there from each well being brought back online isn't going to set the share price on fire, but what might is CL.

If CL has commercial flow rates then we're talking or has live moveable oil/ gas to surface in decent quantities from a shallower depth inturn increasing the gross-net / gas-oil column and therefore hopefully increasing the size of the reserviour is what we're all waiting to know. If it's none commercial then they'll most likely turn there attention to MA where they could get a much higher contracted gas price/ spot price if trucking proves viable - who knows may be they'll build a MA gas pipeline next year?

Altenatively we all wait until 2025 etc.. and hope they can pay of their debt :- (

KK,

Another 2 weeks to load up yet W/C 18th+ before 153 Well/ A8 Well news out imo.

If the A8 Well flows they will most likely tell us what the initial flow rate is and in the same RNS will say flow testing wil be for X days. We'll know in the next couple of weeks if its it's a duster or gusher.

Hoping for a 3.5p entry point between now and then or there abouts as the share price continues to dip.

GR,

Because the 154 Well was flow tested initially for 5 days so I'm assuming they'll report a similar initial 5 day flow test at TD on the 153 Well. The 153 Well will continue to be continually tested as it settles down - up/down - over the coming weeks/ months.

As with the A8 Well note the ? re 5 days of initial testing before updating the market of flowing oil. The well will no doubt be flow tested for much much longer (months) if there's thousands of barrels per day being pumped.

Fingers crossed they both have good flow rates.

''By my calcs if the 153 Well is drilling at 20m pd then we should see TD around 11 October followed by a 5 day flow test so I'm expecting news W/C 18 October.

Also by my calcs if the A8 Well is drilling at 20m pd then we should see TD around 15 October followed by initial flow testing for 5? days so I'm expecting news W/C 20 October.

I think we'll see a double wammy RNS with both initial well results and multiple A8 Well zones to test to boot.''

So it's likely the 153 Well /A8 Well could TD next week and we see a possible RNS issued, but with flow testing I'm sticking with the week after for news.

Will we get a double wammy RNS?

As Bradley Walsh would say ''gotta be an it''.

Maid,

How many times do you have to be told?

They are not pumping 2,000 bopd and have NOT added another 350 bopd.

Please get it into your thick head the total amount of oil being pumped is 350 bopd.

The rest is gas contracted at $3.52 and $5+ spot price ....................BUURRRPPPPPP!

What's interesting about the new A5 sidetrack from 3,850m to 4,500m is the well had oil briefly flowed oil at 4,500m.Could there be a Gross oil column of 650m+? Why sidetrack at such a shallow depth if oil was at 4,500m, why not do a sidetrack at 4,300m - have their well logs indicated a much thicker gross oil column?Could be another game changer on the cards with the A5 Well - in the very near term.''At Deep Well A5 we plan to drill a new side-track at this well from a depth of 3,850 meters to 4,500 meters commencing in October 2021, provided we have access to new drill pipes. The side-track will be drilled using our G40 rig and once started is expected to take three months to complete.''.Just doodling.......