George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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£500 on HL, whats going on ?
That's a lengthy Auction..
Poor old PI's Robbed.......at least Dick Turpin had the decency to wear a mask! ;-0
Some more people’s stop losses taken out on that shake.
How many today .....
The last smash n grab of the week ready for lift, strong close for the weekend i reckon
Auction
Same as yesterday... no reason other than some big fat cat wants in at this price and don't want to pay anymore.
7.6buys V 2.6 sells and they take us down 10%. wnakers!
If you concentrate on the numbers today, it can look negative but if you look at the charts for the month or even the week, everything still looks very very healthy. As we know, the SP can’t just go straight up the hill...it has to stop for a rest every now and then ;-)
Someone diffently loading up big time this morning
The 88E CEO is notoriously downbeat, understated in his RNS
For him, the following RNS statement is actually a ringing endorsement
"Whilst it is still early days, we are well placed and look to the wireline program with measured optimism."
I'm personally finding is difficult to be measured in my optimism
yet prikce iks marked down !
Where are they getting all these shares to sell on, thought a bulk of these were being held on to tightly.
So where's the surplus of shares coming from to feed the buyers ??
Annoyingly i had a quote for 5.35 to buy but it wouldn't execute, there has been some serious buying go through, afternoon rise perhaps in store
...but its now 6m buys V1.7 sells....on what planet should this be marked down?
Planet AIM I guess
...and we are marked down. they want these shares the robbin B'stards
Lots of block buying going on.
https://finfeed.com/small-caps/energy/red-emperor-releases-additional-results-winx-1-well/?utm_campaign=RMP-20190304&utm_source=twitter.com&utm_medium=social
“The Winx prospect was identified using the Nanuq South 3D which covers the third party 2017 Horseshoe discovery.”
http://www.pantheonresources.com/investors/presentations/597-agm-presentation-2019/file
Slide 16
“Work thus far has identified 5 leads, including topsets in
the Nanushuk formation, which are analogous to the
Horseshoe discovery”
RNS Mar 4th
“Data obtained by the Joint Venture consortium from a nearby successful third party Nanushuk well has proven comparable to that observed in Winx-1 over the same topset features, thereby providing early encouragement.”
Horseshoe seismic similarity and proven topset features in drill results, with multiple oil shows?
So as 88E expected then, and the whole reason for drilling in the first place.
It would be a surprise if oil was not found in this region.
Gross potential pay zone at WINX1 is 234 ft
Actual net pay zone at Horseshoe 1 was 150 ft
The drill logs are similar
….in 9 mins and they mark us down? Feck off mm's.
Nice 500k buy
All we can do is wait, the Wireline logging runs were shecduled for 7 days so middle of next week.
They would have done several runs already
Someone was advertising ADL on here other day...smh
Here's a brief summary of what they'v drilled so far at Winx-1 with WL logging underway as per the last rns update.
Spud Winx-1 15th feb
1) Seebee target at 4252 feet
2) zone of interest: 4460 to 4530' : apprx thickness 70 ft
3) Nanushuk topset: 4667 to 4901': apprx thickness 234 ft (shows encountered on the Gas Chromatograph)
4) Top of Torok formation: 4913'
5) Sandstone sequence at : 6052' (shows encountered on the GC)
6) TD: 6800 ft on 3rd March. Logging underway
WL logs should confirm the exact net & gross thickness & fluid saturation within the zones of interest.
To get an idea of the WL Logs for the Nan-Tor sequence drilled in a discovery well, refer slide-20 showing the log from Repsol's Q#3 discovery well.
This shows the Nanushuk on top of the Torok formation. Green line denotes the Gamma ray Log that is commonly used in the Industry to identify Sands vs Shales. The Nan Sands in this case r clear & highlighted in yellow. The sands in the Torok are Shale rich, so the sequence is thick with thin sandy zones that r waterwet. Red vertical line is from the Resistivity Log which helps to identify Oil & Water bearing zones. Log shows the oil payzone in 'green' which was subsequently tested by Repsol.
http://dog.dnr.alaska.gov/Documents/ResourceEvaluation/20180521_DiscovThinking_Decker.pdf
thanks poster Ya
Wouldn't be surprised to see a Monday morning rns
Completely different here. We are surrounded by massive oil finds. This could be absolutely huge and stands to reason it will be. We have similar evidence to previous finds don't forget
Not a good day for Colter plays you say may see a few having to cover spread betting there