Rocketing this morning on a superb upgrade !...

just work out how much you're prepared to lose

From the last RNS
"The Company is currently mobilising equipment to perforate and flow test a total combined 900 ft of the Kimmeridge section, beginning with the deepest reservoir zones. Permissions from the Oil and Gas Authority, Environmental Authority and West Sussex County Council are in place, final consent from the Health and Safety Executive is expected in due course."
I may be wrong but should we be seeing an RNS regarding Health and Safety Executive consent before flow testing is commenced? If so we will not be seeing a flow test RNS today!
Did a quick in/out trade, a bit reluctant to leave any more in at present.

According to the great unwashed on other b/boards, the flow test results are most likely to hit the press around Wed next week. Not sure how accurate that will be, but that seems to be the consensus.

So..some positivity....good....noticed a little recovery sp wise from this mornings slump....

That was a short working day rf!!!
Couldn't keep away from the action eh? ;o)

Just a quick break back here....busy with other things...glad to see you're a believer Scully...euhh sorry ..I mean... Harrycat...

Seems to be resistance at 6.4...if it could get past that ...might jump to 7....anyway ..crude is slowly rising which helps....

We need some more positive vibes here......

Weekend coming up and also August holiday mood.

Well it looks like I'm in until flow results are out....can't say I'm in up to my neck ..no...but in up to just about my arse ..yes.....there's oil there....900ft of it apparently...that's quite sizeable of a testing zone...

as long as you're prepared to lose 50/75% of your money, then perhaps not a bad gamble

hang on...even if the result is poor...I'll stick it out...horsehill was a good result I gather....the upside here is perhaps as high as the upper teens if they get more than a thousand barrels per day...there is a way to spy on this and that is to count the number of tankers coming and going to this well....take your best girlfriend along...sandwiches...a tent...binoculars....nice weekend...tell her : it's a surprise weekend dear...she'll love you to bits I'm sure...

Which is fine if you live in the neighbourhood. ....you have to say 'partner' now rf....apparently.

Really......I'm not with it anymore.....I'm still stuck in the Rolling Stones/Rigsby era I'm afraid...

Girlfriend is absolutely fine rf.

Gee...thanks for the advice guys....

Recovery today.

Waiting for next RNS.....make or break.

bit like watching paint dry ...... shall watch the cricket instead :-)

RNS at 18.05


Highlights

· All flow test regulatory permissions now in place following review by the Health and Safety Executive ("HSE"). Work continues to "complete" the well as a potential oil producer to be followed by a rig-less flow-test, encompassing multiple Kimmeridge zones over a total aggregate perforated section of 926 ft.

· Preliminary log interpretations indicate that the extensively naturally-fractured Kimmeridge section is oil bearing from around 3,800 ft to below 5,640 ft measured depth ("MD") a vertical section of around 1,330 ft. This observation is in accord with the mobile light oil recovered to surface in cores and recovered from drilling fluid, together with wet gas shows.

· An application to extend the exploration/testing phase for a further year to 15 September 2018 has been submitted to West Sussex County Council ("WSCC") with a decision expected in September 2017.

Other Business
The Company notes that SCDM Energy, the French owned oil and gas exploration and production company, has increased its holding in the Company to 174,954,179 ordinary voting shares, representing 5.03% of the issued share capital as of 25th July 2017.

The Company has also received notice of the exercise of warrants to subscribe for a total of 40,625,000 new ordinary shares in the Company (the "New Ordinary Shares"). The Company has received £325,000 in respect of this exercise. Application has been made for these New Ordinary Shares to be admitted to trading on AIM and it is anticipated that trading in such shares will commence on or around 4 August 2017.

Following Admission, the Company's enlarged issued share capital will comprise 3,520,759,100 ordinary shares. The Company does not hold any shares in treasury. This figure of 3,520,759,100 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

http://www.moneyam.com/action/news/showArticle?id=5608560