Ann: Jewell Well Flow-back Operations Commenced, page-45

First 45 Last

Share
Profile

Follow
kriss214

55 Posts.

6

20/09/21

20:14

Post #: 56218091
Share

Originally posted by danpech: ↑

Most don't understand the process of what goes on here.

It is almost certain that there will be initial sales before they hit their IP24 as they collect the hydrocarbons coming up in spits and spats from the early flowback. The oil tanks hold 2400 barrels so if you expect initial sales to be after the IP 24 announcement then there is a good chance that will not be the case.

If they didn't announce this staged process to hydrocarbon flow to make it clear that it takes time and that there is a production build up from zero, would folks freak out if in a week or so they announce a sale of 1000 barrels oil and a few million cubic feet of gas after 2+ weeks of flowback? You could get some saying" how can sales only be 1000 barrels of oil and some minor gas when the well was mean't to be flowing at 1300 BOEPD base case?"

I am pretty sure they are announcing these steps to ensure no misunderstanding occurs The IP 24 rate may not be hit for a few weeks after first sales.

IMO, I would rather be " bored" with too much info than " freaking out " with not enough.

Cheers

Dan

Expand

I agree with you @danpech. I had similar experience with SYA when NAL bid result was delayed. people sold their shares and price went down from 0.044 to 0.030 in short time (immediately before the bid result was announced). I don't have good history of buying at dip and was down 30%. But I didn't sell and eventually that has paid me off. I am of course down with BRK as well but I will not sell at least for next 12 months. Temporary fluctuations in price does not derail me.

by the way, thank you for your regular insights and guidance here at forum. Lets hold tight and have patience. It will pay us well but not necessarily overnight.

Cheers !

BRK Price at posting: 2.6¢ Sentiment: Buy Disclosure: Held
13 Upvote

1 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

What's causing the cost-of-living crisis, and how to navigate it

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

TLG

Talga Group wins key permit for flagship graphite mine in Sweden