Member Info for whistler51

We really don't have any information to make an educated judgement.

They are clearly proceeding to remove the piping, so one would presume that they believe it can be done and even though time consuming and the insurance company hovering to make sure it is done properly we can only make assumptions based on basic information.

I tend to believe that the insurance company have asked them to continue to remove the piping as in their eyes it is the cheaper alternative than a sidetrack or re-drilling.

The insurance company will be dictating the proceedings and while they are paying out will continue to do so.

In ref to costs of possible sidetrack or re-drill we may have to pay up front but funds are recoverable from the insurance.

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As previously reported, the Company retains comprehensive well control insurance coverage, and the Board expects to recover substantially all costs associated with the well control incident, including those associated with any sidetrack or re-drill scenario. Discussions with its insurer continue and the Company will update the market in the event a new course of action is deemed to be appropriate.

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Life is short and though investors are impatient this is still going to be a great investment/return.

I expect traders will have a field day today.

As an investor I can only play the cards dealt to me but I can still make money from the news.As for the returns I expect from this,they will take a little longer.(I can wait.)

This time next year we will all be millionaires.

So Alexa keeps telling me.

Wake me up when we get there.

Nice buy at 15:41 20million @ 0.19p.

Tomorrow's another day.

Have a great evening.

White night says there is nothing but dusters here.

Dusters?Does that mean we will be cleaning up here?

Ha,ha.YAY.

If white night is calling this company BNC then I would think that he does'nt have any shares.

Surely even someone with 1 brain cell should know what company they are invested in.

Then again he could be drunk or;

Zephyr expects additional accrued payments from operators during the remainder of 2023 given the Company's interests in 25 newly drilled wells which came online over the last two quarters.

The Company has hedged 117,000 barrels of oil for 12 months starting 1 April 2023 at a weighted-average price of US$83.35 per barrel. 33,000 bbls were hedged in Q2 at an average price of $90.05. The Company is expecting significant additional production volumes by the end of October 2023 from new wells coming online and will continue to evaluate its commodity price risk management strategy on a regular basis.

C.H.

From last RNS.

Near term growth includes our investment in the newly drilled and completed Slawson-operated wells which are expected to significantly boost non-operated production rates when brought online in the autumn. The new wells proposed by Continental will also help to grow volumes over the upcoming year and demonstrate continued growth from the existing non-operated portfolio.

The recently acquired Slawson Exploration ("Slawson") operated wellbore interests (as announced on 21 December 2022) are fully drilled and completed. Production from these working interests is forecast to be online by October 2023 following completion of surface facilities on the well pad. The Company will provide an update in relation to FY 2023 production guidance when those wells are brought online.

With the amount of problems and the time taken to put things right shows the amount of belief in the output of the well and also the field.

Looking forward to seeing what this well is going to prove up and supply.

Just hope it is sooner than later with Christmas on the horizon.

GLA

Https://finance.yahoo.com/news/hedge-funds-hurt-oil-dip-140000919.html

Hopefully a more positive week ahead.

Https://finance.yahoo.com/news/hedge-funds-hurt-oil-dip-140000919.html

Oil could hit $107 due to Saudi Arabia’s and Russia’s supply cuts, Goldman Sachs warns.

New York

CNN

—

Oil prices could climb well into triple-digit territory by next year if Russia and Saudi Arabia don’t unwind their aggressive supply cuts, Goldman Sachs warned its clients.

This is getting interesting.

Makes a change.

Due this week.

People seem to enjoy running CH down but just remember he owns 160,408,482 shares and has a lot more to lose.

Would like updates when possible.

Sometimes updates otherwise known as forward looking statements are forth coming but no matter what it contains investors/traders will pick holes in it.

Damned if you do,damned if you don't.

Information given is for us to decide what we do next,not for some to complain as we are the ones who make the decisions to buy,sell or hold on information that is forthcoming.

Have a profitable day and enjoy your weekend.

(Weather permitting).

The Carrizales Norte-3 (CN-3) well has been drilled and is currently undergoing production testing in the Upper Ubaque. Stabilized flow rates are expected to be reported in first week of September.

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Outlook: Positive.

Hopefully the market sees the results the same way.