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[holism] 07/10/2022 10:52

Perhaps they will announce whether the clean up phase was successful or not. Monday or Tuesday?

[forwood] 07/10/2022 09:51

When can we expect the flow test to start? The key para from the 26/9 update RNS said:

'A workover rig is estimated to arrive to location over the next week to ten days to install production tubing prior to commencing flow testing operations. A significant amount of fluid was introduced into the well during stimulation procedures which will return first during the 'clean-up phase', prior to the subsequent commencement of oil production later in October, if successful.'

As it is now 10 days since that RNS, one can assume the rig has arrived and clean up is underway or imminent. Previous estimates by EnergyHobbs suggested clean up would take a week to 10 days. This would place the flow test starting at the earliest by the beginning of next week and the latest a week on Monday, with perhaps a contingency of a couple of days for equipment set up.

[forwood] 07/10/2022 09:50

The down move on the hourly appears to be over. It was always going to be limited by the daily chart, which continues to point up. The circled P on the hourly is an 'Abandoned Bay Bullish' - a candlestick indicator of bullish reversal with a high probability of success. I don't normally use these but it strengthens the narrative!