Post by
Margin321 on Dec 16, 2021 12:10pm
Results on test of upper overthrust should be very soon
Has to be tomorrow before market- or more likely Monday or maybe Tuesday before market. Or it will be late (not late but just not timely, as in the time Paul promised).
Much more likely Monday because Paul change the expected timeline from 10 days to two weeks. Ten days would be today so news tomorrow. Two weeks would be Monday so technically news Tuesday am. But I am a little hopeful they might do release on Monday morning - good time for an RNS, two weeks from the actual date the two week timeline promise was given.
In the end it does not matter. As before I am hoping for something simple like - "Test flowed light oil at 700 barrels per day - pressure build up tests indicate commerciality - the well will immediately go on long term test during which produced oil will be trucked. Preparations are underway to drill Royston 1 Deep in first quarter immediately followed by Krakken well. Once those results are available a long term plan for Royston/Krakken development will begin with goal of completion by end of 2022 . Cascadura development drilling will ramp up during 2022 with Royston development drilling to follow in 2023".
That kind of a press release would end my under $2 buying opportunity for good. I do have a limit order in today and also for tomorrow. I'll keep buying as long as under $2.
Comment by
Davidblackgreen on Dec 16, 2021 1:18pm
They turned off the water tap. Thats the next announcement, nothing more.
Comment by
Davidblackgreen on Dec 16, 2021 1:20pm
Agreed but he never said if he was using the Gregorian or Julian calendar!