Member Info for SpArmada

Still no flare in neither pads, I doubt they have been testing production

This is today's image https://cdn.discordapp.com/attachments/940570367448195072/1071839132357238835/image.png

The NHD is going to stay there for a while, they have to resume drilling of A1. If you check now destination is Southwark. Anyway, the jackup has to be towed by other vessel, so expect a lot of vessels around before it is actually moved to Blythe.

There is a new image dated today and it is not showing a flare, but it does not mean anything, just that at that moment they weren't running any test. We just know they are working on a solution.

There is none yet

They might just using the coiled tubing for performing more tests, there are many thing that the flare means. I recommend posters to read through the 2 last RNS, the equipment for the isolation was mobilised and expected to be installed in a week (actually last week) and the producing zones will be reperforated (which could be what the satellite images show because the flare comes from the driller). But do not give it for granted, none of us is there and has first hand information. I think usuals should know that everything regarding IOG has to be taken with a grain of salt

I don't process the satellital images, there are different types of images using different filters. I guarantee you that the comparison is not apples to apples. Why are you total confident that the water issue is solved? It is an hypothesis, do not take it for granted. Just looking at what posts are more liked I can deduct many things. I'll refrain from posting any of this info in the future.

BTW the Noble Hans Deul hasn't move an inch for months, I can't see how that it is still in place is relevant.

Whoever posted this, it is trying to mislead people. Those two images are from different filters, I bet the left one os false color and the right one is geology. I have compared the image of yesterday with the ones from the 11th and 8th and I see a smaller flare. I want to stress that the actual size of the flare cannot be extrapolated from that image, it dependa on the weather conditions, humidity and, more importantly, wind.

Do not fool yourselves with this tweet:
https://twitter.com/Moilgas/status/1621541793459232769?s=19

I think I already shared it, it's soar.earth

They received a ship from Norway, maybe that included equipment to isolate the water ingress, but they haven't stimulated the well, as no stimulation vessel has visited Southwark. They might be testing the gas flow after some isolation works, but it is a guess.
Last time, RiggerMcPig made very good points, maybe he could comment here.

There is a flare visible in yesterday's Sentinel image of Southwark : https://cdn.discordapp.com/attachments/1032237030798798910/1071049380133617674/image.png

I wouldn't expect any news in 1 week, at least. The SP is droping because the people that bought in thinking that this time will also rise above 10p like in previous drops, just speculation IMO.

Wasn't the cancelation of all deferred shares approved in the 2020 AGM? Maybe I'm missing something. Anyway, I understand they have no rights and there isn't a mechanism to change them for ordinary shares.

I don't have a crystal ball, but I prefer to be invested in a company with an outstanding performance over peers, despite the SP is not yet reflecting it. The SP has the negative impact of what it did in 2022 when it skyrocketed with the lift of the ban. I am hoping that a very good RNS with H2 results will trigger a rip in the SP, at least over 30p.

Total production published today by the NSTA exceeded 2250 boepd per my calculations, in line with the FY22 guidance. It is the highest production for 2021 and 2022. The monthly revenue should have been above £6m, and December is expected to be even better.

I wish I could short a stock before the IPO

https://www.sec.gov/Archives/edgar/data/1865833/000121390022015244/fs12022_elephantoil.htm

Yeah, it was me but. after a second look, it looked more like an artifact in the satellite picture, it would be strange any kind of flaring there.

BTW, it expected the production test from 16-2 to be published this week, as there seems that no flaring has been done for almost a month. Maybe the cold weather is slowing everything.

The opposite, they sold

She spent 450 quid, it is quite sad