Member Info for taximan57

Like night and day Older, but Igor says they are flowing oil so it must be true, even though there was no mention of it flowing in the update. Who to believe......

Https://www.urbandictionary.com/define.php?term=simpleton

You continue to let yourself down Igor, keep it up ;)

Igor , 'in part due to weather conditions' does not sound like "purely weather related"

Not sure how you came to that conclusion Torino, but it says more about you than me ;)

I think I have been the loudest voice regarding delay after delay so just proved right. If that makes me a muppet so be it.

Now mid April before completion.

A release with no result, poor.

From the website, it says horizontal wells, more than one, and that they expect 50-100BOPD result.

Any future development plan for Project Phoenix would be expected to include horizontal wells to

maximise oil rates. As is evidenced in many Lower 48 analogues, horizontal wells typically produce at

rates 6-12 times higher than vertical wells, once lessons from field development are captured in the

appraisal phase.

Offset exploration vertical well tests, similar to the Hickory-1 discovery well, have all flowed in the 50-

100 BOPD range per test

If you read the comments one says they are working to that point and should take 24hrs, so as this was a day old we should hear tomorrow.

Happy to bow to an expert Troajan :)

I can't dispute that Troajan as it also says subject to change, however if you look at the timetable they added contingency days for such an event and we are past it. When you consider that they were supposed to start 1st March they are well behind. I said I wouldn't go on about the delay as others have their head in the sand and don't want to hear so this will be the last time I mention it. They are behind and need to tell us why, either bad news, weather, extra data, dropped drill piece, ran out of food, just let us know.

Actually it does Troajan, release after test one then move on to test 2.

This is the 2nd year HSG, and if we miss the boat it will be year 3 before they finish testing.

According to plan the 1st result should have been out leaving a further 10 days for the 2nd as they said it would all be completed in March. It's the 23rd and no RNS for 1st test and we only have 8 days left of March. Trying not to deramp, just being realistic. The company is not on schedule.

Lets not forget those figures are for this well and there is no reason that they cant drill another 5-6 multiplying that potential 500 Musk. All depends on Flow result and raising cash for expansion, which the company have said they will not do during the testing period. Read into that what you think.

PANR had lowest 42bopd and the said commercial

I'm with you on that David, good luck all

AGM May 2nd, not that far away

I expect consolidation of 1 for each 1000, which would make the SP £3 like for like, and back on the S&P after adjustment. Any good news on the Flow test would increase I hope to 1.5p = £15 after consolidation ;)

2.5B shares become 25M shares with a base of £375m, not unrealistic if the Flow goes well. imo

now now delboy, you have no idea what i do so let's not step over any lines. i don't ramp/deramp, i only say what i see and that's usually from company websites just like below. good or bad i like to share the knowledge for those who don't do their homework. i have no idea what a ****ehawk is so you may be right ;)

'The entire testing program is scheduled for completion during March 2024.

The Company looks forward to providing an update on completion of the Upper SFS flow test'.

It's not going to happen now :(