Member Info for somm

tombi1,

Thanks for the reminder thought 30th was Friday lol!

Just added 854k to the pot.

Let's hope it's a good'n with 1 or 2 more wells having come online in the last month.

Meant 153 Well and A8 in the title thread (not A5).

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.

Agree with KK divi is a red herring.

Roxi share price has been over 60p.

Three intervals with oil shows on the way down to to the Devonian bodes well for our main target at 5,300m.

Will it be a commercial strike?

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

Todays trades look like peeps end of month pay day spare dosh being invested.

Hopefully we'll see some institutional buying once 153/A8 come in.

Sorry CC, but that doesn't answer the question.

Why can't they drill horizontally at say 5,000m to 5,300m in the Devonian for a few hundred meters instead of a vertical well, is it because the computer on the drillhead might get damaged with the heat/ pressure - with a longer period of time drilling at that depth?

$80 pb * 600 barrels (154 Well) would generate over $17,000,000 gross Revenue if the oil price/ flow rate remained the same.

Heavens forbid if the Devonian (A8) were to flow at 6,000 barrels per day.

In the past I've bought at 8.95p and sold at 12.75p (only buy to sell trade I've done).

75p would put me in the multi millionaire's club :-)

All to play for.

KK, should that post have been to CC? no need to tell me about CASP's potential lol!

Next couple of weeks will see the share price flatline for a while as per imo, with the usual dip.

Lots of topping up to do here in the coming weeks.

Did you just mention 75p? you deramper you ;- )

Doubt we'll see 2p, but I expect the share price to hover around the 3p mark over the next two weeks until next news it out.

The three intervals with oil shows on the way down to the Devonian bodes well for a Devonian oil strike - I reckon around 22 days to hit TD.

So after testing the 153 Well for 5 days or so they may wait to report the results until after they've tested the Devonian too in one OP's Update.

5th time lucky on the Devonian reservior - could be the one?

As Bradley Walsh would say '' got be an it''. :- )

That's $21,600,000 p.a.

Think again........

Didn't the renewed contracts (two I think) sell for $3.52 per mmbtu?

Just topped up 99,998 shares showing as a sell.

Twas a buy.

News this week?

KK,

One of the many reasons for the share price continuing to crash is the fact they were skint due carp dom/exp oil prices and having to find $800K every quarter to pay off the $32 Million license fee, so not really true ''they have no debt'' as they do for 10 years, unless the relinquish the license.

Where's our 153 well update - must be still flow testing? and our 4,500m dusty gusher?

Maid,

They are not producing 1,700 bopd .

More like several hundred barrels of oil and the rest is contracted gas at $3.52 and about 30% of the remainging gas is sold at $5 spot price.

Try keeping up.

Perhaps they're still flow testing the A8 Well and want to be sure it's flowing at commercial rates, hence the delay in news, unless they want to bury poor news in the next RNS with a successful 153 Well flowing commmercially and the A8 is drilling down to the Devonian (with a brief comment it didn't flow at 4,500m).

Anyway time will tell...........not long to wait.

KK,

He said they were removing the rubble (dust) to see if the well flowed at 4,500m, this was already fracked not sure if they re-fracked the well at that depth, then drilling down to the Devonian.

If it does flow then thats anotther production zone that could be mingled with the Devonian if there's oil there too.

Yeah, would seem a combined Op's/ Fin RNS next week.

Hopefully it includes a successful flow test on both wells.

153 Well news has got to be imminent, especially as the horizontal drilling is 50 meters shorter than the 154 Well (250m).

Is it possible they're doing a flow test on the A8 Well after clearing the rubble at 4,500m?

The 153 Well was so supposed to have been completed before the end of August - double wammy?

Maid (a fitting title),

Once you've wound your very long scraggly neck in why don't explain to this board what Resolution 1 is exactly.

I won't hold my breath.