RE:News for drill completion and zones to test in next few daysDo you think we will trade sideways or possibly down until the 25 metre step it out is on production?
RCE 2 was spudded and then took almost a month to test the zones on production, stock hasnt moved much since RCE 2 spudded....we might have to wait until step out well is on production and get numbers imo
East Pepper tie in still hasnt happened...... not sure how AXL can tie in West Pepper at what $3.00 back in December compared to now at $9.30.....are these guys stupid......... it will only cost $1.2 million to tie in east pepper............. with both east and west pepper tied in would generate minimum $800,000 roughly in revenue or more per month !!!
After this step out well and once its put on production at 500 bopd net to Arrow....... like this will be a cash making machine of a company !
WTF is the hold up......... old paper still exiting is my guess and lack of promo as volume is back to being dry........or is it the 16 million company warrents that get to be excercise holding us back ?
GB
gamer007 wrote: Management has not dissapointed to date...............and I expect update news in next few days !
As step out was only 25 meters, off same pad............and directional drilling away from RCE 2
The same structural zones are expected..................ALL music to my ears...........
East pepper tie in is getting closer for announcement................more gas production is welcome !!
Stock recovering from oversold condition on pullback from touching 33 highs...........Trading at 18 pence on AIM...............or 30 cents !
Next well should put us over 2000 bopd.............nice solid cash flow at 120 brent !!
GLTA