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Just a word of warning (I hold this stock), quite a few companies have hit oil recently and their sp has only risen a short way (7-10%) then drifted off again very quickly. Seems that good news is quickly forgotten in the current market conditions, bad news seems to hit the sp hard.

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At least it finished blue. Sorry about spelling mistakes before but I was trying to type at a hundred words per min. I suppose we shall be hearing something from the company (companys) next week to confirm 'could be rumours' Good weekend all and hope this weather continues for a while longer.

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Aye, practically a heatwave in Aberdeen last 2 days dream, don't worry probably snowing by Tuesday :O)

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Thanks to Kevyorks on interactive ii


I don't think its been posted on here from what i can see though you guy's on Rum have seen this already, the excitement today has been about the Georgia drill passing a major hurdle and finally getting back on track. It has not hit significant hydrocarbons yet to the best of my knowledge but is now well placed to do so, all being well.
As per prior RNS's the drill rate has been very slow and we've lost sections of the drill down hole that have since been retrieved and drilling recommenced this issue has been caused by trying to drill through a intrusive strata of Granite (think kitchen worktops its bloody hard) and many tens of meters thick. The drill has today cleared this strata and is drilling below it now.

The reason this is significant is two fold first just to get through this is a achievement in itself but mainly its confirmation of the likelihood of a good regional seal. This does not mean there is certain to be hydrocarbons here but the likelihood has just gone up appreciably. I'll explain it in layman's terms like on RUM.
Imagine the target area like a Jam Jar with no lid on the hydrocarbons would migrate elsewhere. The Granite strata in this case is our lid (which we have now confirmed) and we've just drilled through it and are now into the interesting area where any targets as seen on the seismic's should be. So the hard work is now done getting down there and through the lid, we're now getting to the hopefully pay-zone areas.
Even better as confirmed by the board at the start of the drill they are using a LWD (log while drilling) bottom hole assembly which means the drillers will be getting near real time data of what they are drilling through so there should be no need to trip the drill to wire line log. This means we could well be getting regular updates if they pass through any promising strata on the way to TD.

Kevin

The drill should now speed up.

great day here - lots of city whispers - roll on monday

have a great weekend all

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DC so glad you posted the 2061, I read my e-mails this morning and thought OH! NO! I don't want to type this lot out. Will make sure I learn properly how to cut and paste very soon. All looks good will have to sit tight and wait and see what is next on the agenda. Weather broken here but it was glorious whilst it lasted.

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Not personally sure about what anybody says regarding what is going to happen with companies, all I know is the last time, months ago when Daniel was plugging range it moved big time!!!!! It could of course been a coincidence. Making my mouth water thinking about scone and cream - enjoy. Back to the drawing board in the morning.

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