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ditchdigger1

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10/01/19

14:59

Post #: 37081704
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Originally posted by saltbus: ↑

I thought I would stick to the news next week thread, since the last announcement raised more questions than it answered.

Obviously there is oil and it will flow after the fracking, we already knew this.
I have rung and emailed Messina but haven’t heard anything yet.

The sort of questions I asked.

Pumping “up to” 1500 BOD .

Does that mean it hit 1500 BOD once or is that close to the average.
I wasn’t expecting a pumping rate this high and I asked if this means anything in regards to our likely initial oil flow rate.

The “oil cut continues to improve”. I find this ambiguous (yes we have oil) as to regards to how much oil is likely. So what is the cut 1%, 2%, 5%, ..30%.
1% is 15bod.
20% is 300 bod
If we new the changes we would have some idea of what we have??? Feel totally in the dark with the ambiguity. What if it’s on 0.1% cut. Hey I don’t think so, but AMBIGUOUS. Could just state the numbers , we still wouldn’t know where we end up, but the numbers exist and people know them.

I also asked what is happening with the oil so far produced. Is it being processed and stored for sale!!!!

Lots of questions.

So I haven’t posted for a bit as I like to have factural details to deal with.

Trading has been could yesterday, I like being at .5 instead of .4. Cents.
Back in November the 100 million day sort of cleaned out the shareholders that wanted out and we never went back to .3 cents.
I think it is going to take a lot of churn to get to one cent and a modest flow rate should do it.

Saltbus

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Salt - I received a response from Messina on Monday, said there would be a more detailed announcement with results released next week...they have to be decent though - you don’t increase your stake to 30% and declare flow to date “above expectation” if its poor.

WBE Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
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