Member Info for ukred

Tender value at £5.33m so only going from facts. Not sure what rig. Two thoughts the new rig and they’re drilling this over A7 or the works on the CE are replacing the rig and they’ve kept that one for onshore works.

I tracked the drills last year, latest images I have this one’s new, if you’re in the Twitter group the measurements of distance match the red bus presentation docs that details all the wells 801 to the right, 802 central and 803, 7.6km to the left.

I think ground clearance may have already been there. But throwing a rig up and a few cabins is only surface activity. May or may not have spud the well as yet.

Lots of assumptions but some pretty strong facts behind it all.

My view to drill another deep well that has £5m plus costs there needs to be a budget. We don’t need to do it for the contract. It’s because we think there’s oil to sell.

Assuming we have an income and justified reason to drill another on the same section. I would assume the reason and the income is 802

I had a small top up but i'm fully loaded already. No idea who the others are. think CC's got all he can also.

What do you think unclear Uncertain. 803 rig's onsite?

Shevek, My pleasure, although you its spelt UKRed wrong.

RNS's are a month behind.

Casp aren't great at that part but i think as long as it's released within a reasonable period of time then it in theory is ok.

They probably want to lump it together with the operational update. so expect fireworks

£5mill gbp

JImmy.

803 been drilled rig onsite, funded by 802.

Bico tender contract issued.

photo of the rig on twitter

Did you manage to buy anymore CC?

You weren't the only one up early.

803 has morning glory as we speak. large erection onsite!

Still asleep. I was up early. Sleeping's over rated.

Are you an early riser too CC?

Yep five miles, that's some field.

target oil at 4300m for 803 same as 802.

Oh and the tenders issued too. We're not waiting a month for it to be issued. It's a live project.

They've known this was here for some time, all the data's in the red bus presentation. They don't have to drill this for the licence. They want what's down there.

7KM, do the maths is a huge F*ck*r.

Has to be 802 flowing because not sure they could afford to drill another deep, it would cost over 5 mil. They'd need 802 in production I think to fund anything else.

Why do you know something CC? 3

Normally that would see steadier trades through the day, someone's loading up for a reason.

Have I missed something, there seems a lot of buys going in this morning?

Shevek,
CASP want away with the traders. They've openly talked about this as its the only thing that will have a dependable long term share price increase. They are starting to trade as a larger oil company quarterly divi's and stable news within the 6monthly financials and operational updates. It will be may unless there's anything that creates a massive difference on financials.
They've announced what they are in discussion on the CE, they are continuing to complete 802, work over the shallows, purchase a rig and Drill A7. Why should they keep reassuring each share holder that's hoping for a windfall or worried about telling the wife when it goes pear shaped. Would Shell respond any different?

They don't need to keep telling us what we already know. We all need to sit and be patient. Just keep updating the spreadsheet on the way up.

Business class flights only here CC