RE: Bizarre21 May 2018 15:26
Maybe but the surprise RNS is not causing much of a stir.
I firmly belive it will come though, it has to doesn't it!
As Pyro said what have they got to do? they have drilled 2 sidetracks/deepening successfully and in the process of another one.
extended well testing in progress on 3 wells 2 oil one gas. We know the two oil wells flow at 315 and 270 barrels a day from 2 of a possible 4 zones.
Not so sure about UD2 gas but we know it is of a commercial quality and has flowed naturally (perhaps not commercial rates).
It's got to turn the corner soon! they'll always be the question of funding as they'll always be the next phase of the field development but hopefully the funding questions will be answered by ongoing revenue, resourced based lending, JV etc etc we know we wont be going back to the Wonga.com of the corporate world aka YA
GLA our time is almost upon us!