T39 EWT started on 4th July so 72 days now. Testing is most likely being directed by the requirements of the 2 majors who will want to be sure of any drop off rates before they commit to invest
HPC: Zaza said in the LSE interview that only 2 wells were suitable to be reworked. Everything else would be new wells.
Today's SP. There was a sell of 6.8 million shares. 0.04% of the company. Anyone who thinks that is a massive sell is a fool or a shorter.
Average_Dave, I think you have misinterpreted the RNS. It states ' The intention is to continue to test the combined flow of Zones 14 and 15 and within a period of approximately 60 days, perforate and mechanically stimulate Zone 9 and produce from all target zones together. ' I take that to mean, assuming their punctuation is correct, that within 60 days of the start of testing zones 14 and 15, they will then add zone 9 in. There is no timeframe for the conclusion of the testing of the 3 zones together. The only timeframe I have heard was in the first podcast where Zaza talked about testing the 3 wells for 3-4 weeks. That was 2 weeks ago, so I think a more realistic timeframe is another 1-2 weeks.
Posted on FB. Dear xxxx Thank you for your enquiry. We understand your frustration and feedback has been passed onto the management team. Zaza will be doing a couple of broadcast interviews tomorrow morning, which will be released tomorrow afternoon and Thursday morning. We hope that these interviews will address the questions put forward by investors and it will be a good opportunity for Zaza to explain the current situation. Hope this helps. Kind regards, Oil And Gas Yellow Jersey Oil & Gas