Member Info for Squirrel26

Wasn't a very well written RNS and it was definitely bad news.

However they're moving 600ft across which is 182metres, which isn't much. They must feel something is there considering the size of the area? Why not move a couple of miles otherwise?

Thanks Early 50's. I understand what you mean about Bobby Gray.

Let's hope they wrap up the negotiations with the estate, and crack on soon.

Really pleased that we got a positive RNS, and Jay is working to get us back onto an even keel. Any money into the system is absolutely fantastic.

However it would've been good to have some news on VOBM1. Gas money is good, oil money is better. Has the drilling rig arrived yet? She was supposed to be there by the end of July/early August?

Someone either has balls of steel, or we got hosed and someone made a killing

I agree nothing is guaranteed.

However why would they buy more land in the area if the results are bad?

From VOBM1 they produced oil in quite considerable quantities on a very small choke.

Does anyone know when the drill rig is actually arriving onsite to redrill VOBM1?

I know they said late July earliest in the June RNS. However it would be interesting to know if this is still on track?

Great we finally have some news! What does this actually mean for VOBM 5? Is it being abandoned?

We should diversify into bottled water :)

Some fairly hefty selling going on??? Shorts closing or something ominous?

Wish i had such a piggy bank

If there was a big director buy to steady the ship...

Agree with Vike that Jay should do a serious purchase immediately on his own cash to stem the panic

How has the SP just ticked under 21 again? We are almost triple buys to sells????

Let's assume the well heaters arrive shortly, how long will they pump water for, before trying something else? What else can they do? As per the interview, Jay said it will take a while to book a large land rig for VOBM1. Can they do anything else there in the meantime? If they manage to sort out VOBM1, will they increase the choke size, and will this lead to an increase in production, with 2 and 3 pumping in as well?

to the day

Quite a few chunky sells cleared out, what comes next?

Has this happened yet?

Obviously this isn’t the news I was hoping for, and will be keenly listening to the interview at lunch. Thank god we are making money from VOBM1.