Some interesting posts on...

Some interesting posts on http://www.iii.co.uk/investment/detail?display=discussion&code=cotn:OEX.L  

Particularly this post from HPC Follower:


"The plan for the first half of July is for the 4 stages to be perforated and fracked, each one then separately sealed off with plugs when some level of increased gas pressure shows, as they work back up the horizontal pipe.

August is the month when firstly the plugs will all be removed, the pipe is cleaned and the fracking fluid extracted; any mud weight holding back the pressure will progressively be removed when the wellhead valves take on the collective strain. Flow testing will no doubt to phased and they will want to see whether there is a "peak" flow initially, whether the flow can be stabilised at a high level, what volume of concentrate can be extracted, and what the quality of gas and oil condensate is so they can assess and report on the volumes as specific valve settings and the commercial value. Clearly they will also check to ensure there is no water present, no blockages and no excessive levels of fracking fluid left around the well.

The next RNS [I take it RNS refers to announcements] should arrive when the last of the 4 stages of perforation & fracking is complete - I would expect around mid-July with some indication of gas flows/pressure from each individual stage. They will not want to rush the clean-up and plug removal activity; any work which might damage the pipes or the well-head equipment.

They will be documenting the activity carefully so this can be repeated if/when successful - and the higher the gas/oil flows the fewer the number of wells which may be needed.

Hopefully, OEX will also re-state their "reserves" so the value of the field (and OEX) can be better estimated.

My hope is that all the OEX RNS, this time around, will be positive on all the items which will matter in the medium/long term."