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Hahaha I like that Ezhik.
I'm actually hoping they give it until the end of next week so we get a steady flow figure and it will give me the chance to buy some more next Thursday ;-)
I'd be happy waiting until next Friday for the flow results so that I can buy some more next Thursday but I have a feeling I won't get that chance.
Looks like the A80 work over rig is being put to good use, field maintenance is important to keep up to flow rates up and maybe the A100 Rig can be used for some well deepening too.
I'll be happy with flow results next Monday and hopefully finish Friday strong around the 5p+ mark ready for a high impact Monday morning RNS.
Note in the tweet prepping for cementing that it was dark so this could have been last night or anytime over the weekend really as we have no idea when the film was taken. I'm sticking to my guns on the fact we won't get flow results until the end of the week or maybe even next monday.
I had to post mine twice to get it to work Ethic so you aren't the only one bud.
I wouldn't expect an RNS until the second half of the week, we need to give them chance to get a few days of flow to give us good indication of the rates.
I'm actually thinking we won't get the update on the flow rates until the second half of the week by which time I hope the SP will be closer to 5p then if we get flow rates of 150bopd or more it could be a rerate up to the 8p and above.
Fingers crossed it could be a big week.
A great update from a knowledgeable well read poster
Looks like we are going to have another good volume day today as lots going though in the opening 15 minutes, a nice 5 - 8% rise would be lovely today and continuing for the next couple of weeks prior to those flow results.
Ninetails - I totally agree with you to the point I think it could be quite amusing that if we all make a she load on UJO that we all short UKOG lol I'm clearly only messing about as would never do that because there are far more people in that stock than the few idiots that are hell bent on causing problems on other stocks.
Closing price of 3.20p a good start of a very hopeful long rerate
Maybe the 500% rise on Bors is a good indication to us what could happen here once those flow rates have been proven up which would give us a SP target of around 15p - now that would be very nice
Medow - well we know that the nearby C22 gave 700 bopd so anything near that would be a great result and give a very good uplift that would have ZEN producing around 1000 bopd in the near term before hopefully doing the same again at well C30 within a couple of months, all being good ZEN could be producing 1500 bopd before Christmas. Obviously this is all speculation until we get flow results but it's not out of the question.
It is a very encouraging start and the important part is the fact that there were no safety issues or rig failure with the new team and equipment. Fingers crossed that they flow the 700 barrels a day that came out of C22 just a couple of hundred meters away then on to C-30 which will be quicker than C-37 now they are happy with the formations and equipment.
I am interested to find out more about the secondary target though as it looks like they did se some things of interest that need further wireline investigation.
The Company confirms that it has achieved its second objective of successfully drilling well C-37 to a total depth of 4,350 metres to test the Upper Cretaceous formation. This has evidenced a sequence of clay and carbonate facies which require further evaluation through wireline logs in order to ascertain the presence of possible oil-bearing reservoirs.
Pboo - I wonder why he was banned....... He does his work on twitter but I'm sure you already know that as well.
I couldn't help but add some more at these prices - not long to wait now for initial news from the first target I hope.
That £12k sell is actually a buy as it's mine, got in first bell with a great price to top up with and didn't think I would get it under .32p tbh so chuffed.
This should start getting interesting as we could have some initial feedback from the first target, fingers crossed for some rainbow colours in those cuttings.
Well I guess we will have to wait and see but we didn't Spud today either as we won't Spud until we drill ZEN 1.
Fingers crossed we get a good result.