Member Info for THE_CHAIN

Great spot womo, so full production by end of September. Who was it asking for time lines?

Highlights the investment case here. Despite all the negativity my glass is still half full! Looking forward to seeing how much money out non op assets have generated next month. Also really looking forward to the "high impact 3 well drilling programme" kicking off! Lots of news flow to come.

GLA
CHAIN

Give it time, market is in turmoil. News flow regarding the drilling programme has not started yet.

16-2 coming online in limited capacity and the hope of new oilier hits for the other 3 drills should spark some speculation. I'm still quietly confident we should see 8-9p by late summer. We will see.

Agreed Chelwood. The entire market is in turmoil at the moment. Our current sp is irrational and not based on current know fundamentals.

July, we can expect an update from our non op assets. In the interim hopefully we learn more about the 3 well drilling programme, at least then we can start plotting time scales to drilling results. End of July to mid August 16-2 may be back online also. A few catalysts to look forward too.

GLA
CHAIN

Great bit of information, thanks pawn.

So if this decline in btc continues, we could scale up to 4megawatt cheaply!

GLA
CHAIN

Assuming the new interview isn't out yet?

Respectfully completely disagree with your last point setanta. The market will likely recover in the next 6 months encouraging new investors, we should also have the results from the 3 well drilling programme around September/October. If these are as good or better than 16-2 the dominion tie in becomes even more lucrative. Going back to our earlier calcs, I wonder what the maximum flow rate that the dominion pipeline can handle is? I think the maximum gas output of 16-2 is something like 12.5m cubic feet a day.

Think it is per megawatt hour. 1mmbtu per hour. So assuming they run for 24 hours a day $1296?

So 38k a month for 1mw setup 155k a month for 4mw. Not forgetting this will also allow for oil production, be interesting to know what flow rate we can get out of each as far as bopd is concerned.

Aren't we selling it to the operator Crytpo knight?

But we are selling the gas to generate the electricity... So surely it would be priced on gas sales? 7000 cubic feet of gas to generate 1megawatt hour. Currently around $7.50 for 1mmbtu...

I've been trying to work out what the revenue from 1 megwatt of gas would be, to then be able to work out what 4 megawatts would produce. And am failing miserably.

Anyone else looked into it? Would be interesting as this could be something else to add to our bottom line in as little as 8 weeks.

The question with btc is do you believe it will stay low? Its not just crypto that is down, the entire market is struggling.

Also for us, its just a way of utilising our gas, its the gas sales and flow we should be interested in. The crypto mine just allows us to beta test before the dominion tie in.

Miss typed. You know what I meant. 80,000 barrels added to bottom line. Not per day.

No as stated it will add 200-250 boepd to our production.

Nice little RNS, good to see we are able to make aquisitions without raising debt! A further 80,000 boepd added to our reserves. Not bad.

It's been blissful island girl.

But haven't we appointed Actis or auctis... Can't remember exact name to bring in institutional investment?

These repeated larger 1m trades could bear the hallmarks of an ETF or something taking a position. As I say, pure conjecture, just something I was musing over today. Wouldn't that be nice if it was sustained!

GLA
CHAIN

Here's hoping we get some news on the 3 well drilling programme soon. Or the further 16 non op Wells. We need news flow to get this moving.

The bhoys.... Not sure if you were just reiterating what I said or agreeing with me. Either way, I share your sentiment.

And the market continues to empty its Bowels. I'm switching off as my entire portfolio is in the red! Top up if you can! If not sit on those hands and weather the storm. Fundamentals have not changed. Oil and gas isn't going anywhere. Still massive profits from Williston, with a further 16 Wells to come online shortly.

Keep the faith
GLA
CHAIN