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Thanks. Phew!!
I believe we will get results from the wireline logging either Sunday night Australia or Monday Morning UK, more likely Sun night due to ASX reporting rules but lets see, fingers crossed it's what we all want and is positive. Good luck all
Please check last RNS
All information in black and white about logging etc.
No need speculation on this whilst fact is available.
RNS says 6th
A comprehensive wireline logging program is due to commence on 6 March 2019
your trade has been put through the nex exchange,no problem,you still own the shares
Its the same Company, but the trades gone through Nex exchange.Google Nex, put in RMP, and you should see the number of shares you purchased.Good luck.
No, 7 days wireline so 12th
nope,
TD was reached on 3rd March (AT)
wire-line started 6 March (AT) - logging for 3 days by end of today.
Just bought some RMP on HSBC and it came up with Red Emperor Resources Nl Share Price (RMP.GB.PL) on my buy notification. HSBC said it's correct but I'm unsure why not list as just RMP
Just because it's easier to thread in a list of dates than a graph.
6th Mar Drill 8.5" to TD
9th Mar Wireline
13th Mar Run and Cement 7" casing
14th Mar CBL
16th Mar Run 3.5" tubing and completion Jewellery
17th Mar Perforate 7" CSG
18th Mar Perform DFIT & Main Frac
1st Apr Flowback & DST
8th Apr Suspend P&A
Have I got these dates correct?
@madchatter - the start of the flat line is TD reached
They can take as long as they like for me.
Rather have 1 banging RNS with all hurdles covered than a half hearted fuzzy number like we had previously that rocked the world.
Measure twice cut once !
VerbierDave - they were always intending 10 days in the schedule. it's not changed
https://www.rns-pdf.londonstockexchange.com/rns/9963R_1-2019-3-6.pdf
Its on the Nex exchange.
Well considering they gave out a drill progress report before they had reached TD its highly likely they won't wait 10days until logging is finished to release news.Could easily get an RNS early next week
@Timster
Which day on the bottom was 6th? If I'm reading that chart right they are intending to do the wireline completion by Saturday?
and what this could do to the price if its as good as expected! Has anyone worked out how many billions of barrels there are in the oil companies around us? 26 have struck and are producing/about to produce lots of black gold
Pete - They actually did LWD so the Wireline Logging is to actually firm up what they believe they have already got, plus with the Wireline logging there are lots of other tools that can be used to bring up cuttings etc etc etc to find out in more detail what they have and give a much better idea for forward planning. With the fact they are giving 10 days for logging instead of the usual two days on a standard drill means on the final wireline logs you can be sure they are very solid results and will put them in a very good position to decide what the plan is going forward with regards to potential stimulation zones and then hopefully a successful flow test.
If the wireline results are positive which I think they will be as they will already have a good idea from LWD (I also think by now due to ASX reporting rules that if it was not thought to be successful we would have already found out but I could still be wrong) then the market will react very strongly because of the extra time taken for the wireline logs.
All just my opinion of course and I could be wrong but I have a very good feeling.
hi is this company listed on this site (LSE)
Red Emperor Resources Nl Share Price (RMP.GB.PL) the same as Red Emperor here?
From the boards perspective it would only be wise to release early info, personally not expecting full results at once, doesnt work like that
look at the drill schedule
https://www.rns-pdf.londonstockexchange.com/rns/9963R_1-2019-3-6.pdf
10 days is for wireline, casing and tubing run
Yes opinion is divided as to whether they will release and info early (Monday) or wait till its complete. Probably see some interest into the close in case of the former
If this gets broken, then this may close 7p today as some wire logging results may be released by Monday if they think its appropriate.
Why wire log if there is no sign of oil or gas? Better still why give yourself 10 days to assess the results. Time is money and from what I have read, why not lwd? I'm holding on the basis that it's take off valuations. Risky but there again everything on AIM is. GLA
ramping is promoting whilst selling. It's not the same as being excited and suggesting best case scenarios. Unless you are selling at the same time ..