focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Lower Cruze had high pressure and good oil. It just needs completing differently. Sounds like a gravel pack is required.
It's not the end of the world by any means for lower cruze. 1400psi wellhead pressure whilst producing, this is a good sign.
Mr Baylan Said
The world's first fossil-free steel was completed today for delivery, a milestone on the road to a completely fossil-free value chain for iron and steel production and the world's first fossil-free welfare state!
Surely the only way to ensure this is to mine the ore.
https://twitter.com/IbrahimBaylan_/status/1427969623744450562
POC. I think you are quoting the interval size. I don't believe they are perforating all, unless that is something else I missed. I thought they were perforating about 6ft of LC.
Either way, we are Waaaaaaay overdue for news.
Another week of top-secret operations where the shareholders are kept in the dark
We have supposedly been drilling for some time. The lab was to allow analyses on-site and avoid the 4-week turnaround for initial results. Bick, I would suggest there must be samples to test already and yes a third rig would speed the recovery, but recovery without analyses doesn't change anything.
Absolutely need to know about drill progress, and as someone suggested, maybe sending some samples will be quicker than waiting for the lab, bearing in mind that the lab will be a first look and detailed independent analyses will be required.
WE JUST NEED TO KNOW WHAT THE F*#K IS GOING ON...................PLEASE !!!!!!!!!!!
This is still "Kallak or Bust"
I still don't understand why they can't say Öngoing testing to secure future funding" or something like that. Even that would be positive.
You would certainly think that by now they would be able to report if it was a duster, unless they are planning some kind of frac or stimulation to try to make it flow, but again, why not keep the shareholders informed.
Yes, I recall the last placing in June would avoid dilution yet here we go again.
Someone is getting a nice bonus for doing jack.......well done George. When does this S*#t become illegal for him to just take shareholder money and do nothing.
SC. As I have said before, I enjoy your informative posts. But you cannot deny or justify that the S2 information is way overdue as of course is now the full P1 analyses.
SC. As I have said before, I like your informative posts, but S2 results are way overdue. You can't deny or justify that. Company comms are rubbish as usual.
Ys BM. Samples and analyses are what we need.
Have to say I have no idea what the "Impairment" is, could someone explain, please
With everything we are expecting, I couldn't imagine why people would sell now. Which I guess supports your theory that the mm's drop the price a little to hit the stops.
I guess Eytan must have forgot that we have just drilled Saffron 2 and are waiting results
Brace yourself guys. I am an LTH and seriously in a hole with this. But the company is run by the Keystone cops. Accept like me that this is going to be a write-off. This company is about to fail. The only thing keeping it going is the shareholders paying the bills.
This is all about news, not some BS chat....Get a good RNS which means not written by GR hahaha and things will be good.
SC, you didn't comment on the very late news/results. Don't you have an opinion on the timeline other than you are more patient than most.
Yup, it's just like a Ponzi scheme except the only people getting any payout, arent putting anything in, except for feeding the illusion. These cowboys need to be taken to task.
Potential reasons for the delay in results..........
1 Highly inefficient operations still ongoing
2 Still trying to see if well will clean up as still producing a lot of water (although this comes under inefficient ops as they should know how much they lost to the well)
3 good results so spending extra time on pressure build-up to delineate the reservoir
4 BOD don't give a poo poo about the shareholders
Any other thoughts? Hope it's 3 but this company has made me a pessimist.
There is no way that they do not have some results by now. Maybe they are waiting to report all the zones together. But if the lower Cruze had come in good, do you think they would have waited to report.
I stand corrected. Thank you.