bobknows
12 Jun 2015
Re: RNS tomorrow ref payment.... Yeah, I can see there being another delay as well. They need to get that money in so they can invest it back into developing the other fields and make us all rich......
tmhhammers
11 Jun 2015
Re: RNS tomorrow ref payment.... anyone for ANOTHER extension on the payment is that the third or fourth?"hole clear and EWT started" would be a nice sweetner though
chequeplease
10 Jun 2015
We should be receiving news shortly , it may be spectacular, should it be the case I would like to join the party . Cheers...
asilad
10 Jun 2015
Re: Sudden jump this afternoon don't despair, I will have one on your behalf tonight 😀
investmouse
10 Jun 2015
Re: Sudden jump this afternoon I haven't had one of those in ages
opulentia
09 Jun 2015
Re: Sudden jump this afternoon whatever the reason, its nice to have a bit of blue in the share account, for a change, GLA LTH Long may it continue!!!
tmhhammers
09 Jun 2015
Re: Sudden jump this afternoon Possibly but more likely payment has been made expecting RNS tomorrow confirming ?
bobknows
09 Jun 2015
Sudden jump this afternoon I wonder if the oil has started flowing.......
bobsson
03 Jun 2015
Final Results due The final results for year ending 31/12/2014 are due out any time now. Not sure if they will be delayed to incorporate testing and drilling results to be included in the post period events section. The share price has not moved much since Monday`s RNS.I advise shareholders to re-read the last interim results for first 6 months of 2014 issued in September 2014, to get a feel for the euphoric tone of the report following the A5 discovery.In my opinion the operational and financial situation is now a lot better than September 2014, so there really should be more of a buzz around this share.DYOR
bobsson
01 Jun 2015
30 day test RXP will test A5 for 30 days because they are only allowed by Kazakh law to test for 30 days. They will want to collect as much data as they can within that time. They then have to shut the well in and analyse the data. The data interpretation may lead to an estimate regarding how much oil A5 is in contact with. Wells A6 and A7 will be needed for the preliminary reserves reports, one by the companies appointed independent expert and the other by the Kaz states reserves organisation. RXP will use the reserves reports when submitting applications to the ministry for the trial production licences.Great news that A5 blockage is now clear, this field alone could be the company maker. If we have a further large discovery at 801 we may see £1 per share over the next 12 months.imho dyor nai
opulentia
01 Jun 2015
Re: When Test to commence??? shouldnt be too long they have had over a year to prepare for this oil flow test, so i expect it will happen this week, imo from last year: see below:Roxi is pleased to announce that the preparation work for the all important flow test continues as planned. Well stimulation work has been completed during which oil flowed, showing the reservoir is oil bearing with dissolved gas. The pressures encountered meant the periods during which the oil flowed were short and not sufficient to obtain reliable measurement as to quantity.The oil recovered is good quality light oil, brown in colour with a blue hue and has no hydrogen sulphide content. A full analysis of the oil will be available following lab test after the 30-day testing period.GLA LTH we know the oil quality is good, just need to fill in the numbers of Bpd??
Sadaat
01 Jun 2015
When Test to commence??? Any idea, when they will commence to flow test A5? or already commenced?thanks
opulentia
01 Jun 2015
Re: GREAT NEWS!! Avago, we dont know yet how big A5 will be , test to start any day soon, if it comes in with the right numbers , that in itself could be the Company maker, the 801 drill has encountered over 100 metres of potential pay zone, now on to test the deeps, if this comes in as a new Discovery, then the Sp will rise to new heights, 2 more new drill sites to be targeted this year, i would imagine once the cash is in Roxis bank from the Galaz sale, these will be announced, Clive probably discussing these new spuds now, while the costs are still cheap, RXP is going places this year, imo GLA LTH topped up this morning and will be doing so on friday, the good news is still to come, imo
tmhhammers
01 Jun 2015
Re: GREAT NEWS!! Why is it "two small ones" we just don't know could be "two large ones" !!!tubing don't know all that matters is it's clear, but agree 30 days is strange if successful can they put that straight to P1 reserves like XEL did with their 30 day test ???Also don't get the cancellation of subsription, they canncelled it because of the money from the gaza sale, but they always new about that did they get cold feet and back out with the SP declining at the time ???any long and strong
avago
01 Jun 2015
Re: GREAT NEWS!! Why is this great news? One big find is much better than two smaller ones. They were hoping initially that these two wells were all part of the same structure/field, but hinted in the previous release in May that it might not be.Also don't fully understand why they are talking about coiled tubing in this press release when that had already all been removed and that it was the stuck drilling string that they were lately trying to get out of the well. Hopefully that was all recovered successfully. Await production test results with interest but don't understand why they need 30 days testing - the rate should stabilise much quicker or show a decline rate much before the end of 30 days.Last point - I note that they have learnt their lesson by planning to put a liner in the bottom of 801 rather than leaving it open, which I believe was the cause of all the problems in A5 and was a cheap option which turned out to be very expensive.
