Member Info for Ssccss

Truth is we don't actually know if the election will have any impact. We don't know how far along in the process we see. We don't even know if there is any point having someone in Delhi to badger them... I mean seems a little strange that having someone there would speed things up.

I don't think anyone is trying to wind anyone up. Posters are just airing their thoughts based on the past performance of the company. We all know the delays here can be significant. We were expecting news in a matter of weeks.. Didn't happen... So I don't think you can expect posters to just not talk about "the delay". Seems slightly ridiculous.

Skippy, if they knew the results were sufficient to commercialise. They would have stated that very very very clearly....because that would be a significant finding. However, they haven't been able to ascertain that and I don't know now they expected to with the test parameters they used... But the point is just talking about looking at commercialisation options doesn't actually signify anything concrete. If you have ever worked in a client facing role, I'm sure you know this.

Taxi, there is a difference between evidence and conjecture. No company is going to enter into a JV based on conjecture.

"If its do poop 💩 why are they planning to pump it out the ground?. Just a question if anyone can answer"

Because they have to look to be doing something with shareholders money other than paying themselves large salaries and generating minimal income.

Thanks Gordon

Well it's going to be interesting to see when it does arrive...because although I really want to feel reassured but that response... I'm not sure that I do feel reassured. Let's see.

You can't be serious taxi, you can't extrapolate production numbers from a 30 minute test. Maybe that's the point.

Also Dave wall mentioned in the interview from years ago that they need at least 100 barrels a day for it to be commercial... So to me the result is poor. Horizontal wells are expensive. There's a reason these small companies get to buy these licences and the major companies aren't interested.

The well was cleaned-up and flowed for 84 hours in total under nitrogen lift, with ~68 hours of clean up prior to the flowing of oil to surface, with the well flowing oil over ~16 hour period.

· The well produced at an average oil cut of 4% following initial oil to surface, with instantaneous rates observed during the 16-hour period varying as the well continued to clean up at managed fluid flow rate of ~170 bbls/d with a calculated total volume during the flow back period following establishment of oil cut of ~4 bbls of oil.The SMD-B test produced at a calculated peak flow rate of ~50 bopd, which was an instantaneous rate calculated during the flow back period via a measurement of observed oil cut and fluid flow rates.

During the established production period of 10.5 hours the well produced at an average oil flow rate of ~ 42 bopd during the natural flow back period, producing a total of ~ 19bbls of oil. Approximately 6bbls of oil was also recovered during the clean up / non-established production period.

· The USFS test produced at a peak flow rate of over ~70 bopd, which was an instantaneous rate calculated during flow back period via an oil tank volume measurement of 1.55 bbls over a 30 minute period.

Applebee, there is no material difference. Not a positive one anyway. If anything I think the figures looks worse now.

Saying they are seeking a JV partner actually means nothing. There isn't enough information yet for any company to decide to invest. It's all smoke and mirrors. Concerning that they have released so many RNS this week... To get the sp higher imminently. Have a think about that.

I can't understand why they have released this now. They should have put this information in the original RNS. The numbers here are clearer but I can't see any cause for excitement?? 30 mins is a joke. How is that a decent test? Very strange. Unless testing for longer would mean they would have to report worse results...

Not 10 months! Haha. I must have blanked that out from my memory. Blimey.

Definitely hoping for a dongle whammy.. Come on Roland!

That's true toptuf but I always thought "a matter of weeks" was overly optimistic/not entirely honest and more to reassure there wouldn't be an imminent raise. The loan was a nice touch too rather than more dilution. The longer it takes though, you're right it just seems like a total fabrication to say a matter of weeks. It did take a long time last time didn't it... I can't remember exactly how long. Was it 4 to 6 months?

I won't be getting in at all until the resource report is published and funds are raised.

I originally thought June. I'll be annoyed if that is the case because once again I've been suckered into believing it might actually happen in a decent time frame.

Total cesspit in here, trying to suck in new blood so you can get out.

That is a total lie. Disgusting. 70 bopd was the peak flow. Anyone who doesn't understand the significance of that shouldn't be investing in oil stocks unless they want to lose their money.