|yesterday 11:31||tpau||I think they learned a hell of a lot drilling A5. They had to send for more mud and had enormous pressure to deal with. All those core samples they did etc. Between the lines you could not help to notice the excitement of the management but also the frustration of not knowing how big this discovery was. So they know now that it is good quality oil and no sulphur or nasties to deal with. They... read more...|
|yesterday 11:18||tpau||Thanks BICS I have been in before and sold at the top when it looked to be getting ahead of itself but have kept abreast of the news. Now the herd has left and moved on to the next "fad" I am happy to park some cash here. If they are going ahead drilling another deep well A6 to target below where A5 finished, that says it all to me. They still don't know how big this oil lake is! read more...|
|19 Oct 2014||harrissen||update 15/10/2014
"Once the drilling fluids used have been fully cleaned out from the well and, if required, new equipment has been installed further pressure tests will be conducted to assess the integrity of the casing. We will then commence the 30 day flow test."
The big enemy here is high pressure it doesn't matter a damn how much oil is there if they cannot control the pressure the oil... read more...|