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Encouraging RNS
No idea what that vague Friday RNS was about, although they've made it clear that was not primary target now
All sounds good from gas and oil and LWD tools. wait and see what wireline reveals now
Not sure what Fridays shit RNS was all about then, not sure if I completely trust the info in these news releases now, personally I’ll be waiting for wireline results, before adding more now. GL all.
Spot on!!! Very important point!
PRIMARY NANUSHUK targets and SECONDARY TOROK targets both encountered oil and exhibits similar characteristics with "nearby" successfull drills
PRIMARY NANUSHUK targets and SECONDARY TOROK targets both encountered oil and exhibits similar characteristics with "nearby" successfull drills
And beware all those derampers trying to save their shorts !!!
What does this RNS mean,now this will seem a little rampy,all the area around winx-1 will most likely have similar properties to Horseshoe,if bright anomalies show,now I'll have a couple of pound of that.
You’ll have the rampers out in force today so beware, those that bought in the 1.40-1.50 region
Repsol reported that the Horseshoe discovery qualifies as the largest US onshore conventional discovery in 30 years.
Drilled during the 2016-17 winter campaign, the Horseshoe 1 well reached 6,000 ft and encountered more than 150 ft of net oil pay in several reservoir zones in the Nanushuk section. The partners drilled the Horseshoe 1A sidetrack to a TD of 8,215 ft and encountered more than 100 ft of net oil pay also in the Nanushuk.
https://www.ogj.com/articles/2017/03/horseshoe-discovery-extends-alaska-north-slope-play.html
Should hit 3-4p range without much resistance and gather momentum during the week. I expect some shorters will do their best to spin some negativity but oil shows at all primary/secondary targets and Horseshoe lookalike!
Glad I bought some Friday
The Winx prospect was identified using the Nanuq South 3D which covers the third party 2017 Horseshoe discovery.
Similar amplitude response is observed at the Winx prospect to that seen at the successful Horseshoe well location, which is located approximately 6km to the west.
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 upper end of commerciality is infinity. So what should they say?
Remember they were on a trading halt so before one trade was made they had to come down to the same 62% we dropped on Friday so it means they have recovered 20% already from Fridays drop. Remember theirs is 20% recovery from 4p or there about so would mean our SP should open up hell of a lot from 1.43p. My guess is we will open up 60% +
I guess you might see where LTHs holders from Puntland and SC55 are coming from now Russk,You`ve been in one drill and you are wavering.Try three!! Sounds a lot better than i had feared though but if they can say something is at the low end of commercial can they not say when something is at the high end.For all we know this could be smoke and mirrors to let folk out when the price rises on the back of this but hopefully I'm just being para LOL
So just to recap on where we are at now with Winx..TD is expected at around 6500ft and we were already at 6,050ft most likely sometime yesterday for them to make the announcement first thing today. The rest of the 450ft to TD might be reached either today or early tomorrow, then followed by 3 days WL
Important points to highlight on updated Winx drill today are - PRIMARY NANUSHUK targets and SECONDARY TOROK targets both encountered oil and exhibits similar characteristics with "nearby" successfull drills
https://hotcopper.com.au/threads/phew-looking-good.4661246/page-61?get_post=true
Could be up and down for the next few weeks. I'll be banking a little profit, taking some off the table.
Just beware of those out today holding shorts here. Ignore the noise and invest on what you and you alone believe. Yes, I’ve always said RMP is very heavy on success of this well, which if doesn’t perform will tank the share price, but in succes the reward will be greater. At this stage imo a sensible approach is to leverage with 88E given on a failure they won’t be hit as hard (like last week) but you’ll still get a tidy return across the two by holding a position in both End of the day, it’s still a big risk here until we know for sure it’s commercial quality and quantity GLA abs blue day today
What are you smoking? Read the ANN in oz this is shaping up to be a once in a lifetime profit for those who are in. I doubted my decision to by more on Friday but can’t believe my good fortune now
Sounds feasible, drilling should be pretty much done by now the speed they were going. Wireline logging to be completed in next 2-3 days per schedule, although they have not been hanging around so I expect things to move very quickly from here.
Sounds loads more promising ,asx just balancing out with us ,expect a good blue day here .
Albeit ASX was still 35% down on the day
https://mobile.twitter.com/Zubairssss/status/1102436857583988736/photo/1 Sounds a lot more promising, long way to go still but fingers crossed for the start of a recovery today!
my understanding is that well data is private. Comparing to a gusher could imply that there are some talk with some incumbents there. Could be interesting.
Well now, ...I think this certainly sounds more encouraging than the previous 'interim' update.
Quite encouraging indeed ; )
As I said the other day, ...this ain't over yet!
jmo
Maybe people put sell orders on after the first rns now they will buy realising the mistake
We will recover either fast or slowly but you need to realise most oil companies play it safe and try not to say they have hit the shed load just incase, but they are also hinting it's similliar to our neighbours big find.