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chickenhouse

46 Posts.

18/09/14

22:29

Post #: 13997286
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Originally posted by mandurah ↑

SP gets what it deserves. Shocking announcement. Ok, even if no updates on oil/gas flows were announced
I still expect answers to the following ;

1. When problems began, basically from 4/8 until 17/9 how many actual days was the well shut in for?

2. Recently, how long did it take for the arrival on site of the CT unit, together with the flushing and other work,
to complete the task that was announced on 21/8? How many of these 27 days was the well completely shut in?

3. How many ADDITIONAL barrels of water were required for the CT unit flushing procedure?

4.Has pressure returned to previous levels of 4330 psi in the reservoir or is it still in the 2250-2500psi
range?

5. What is the actual composition of the gas recently analysed and what price can we expect from
it? I know the gas was flared from the start but at least the first 7 days flow would have been appreciated
especially in light of the ongoing problems thereafter.

6. What about an update on actual oil/condensate sales that have occurred from basically 1/8 till now?
That's 48 days sales figures there. Like to see what $ and hence volumes were sold in that time.

7. What is your best case estimate for the completion of clean up on 77H?
Mine is another 13 days by the way.

Nothing but pain and risk for the SP until a further update.

GLTAH

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Why don't you call the company and ask to speak to Ron? I did a few months ago and he called back later that day. I don’t know enough technical stuff to ask the right questions. But he sounded upbeat about the company then. But im sure someone with some technical knowledge could work out more than I did.

OEX Price at posting: 13.0¢ Sentiment: Hold Disclosure: Held
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UK stock price, page-6

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