George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Yeah Boy ! ...or girl...sounds fab.
Meant to say planned drilling program
That is correct
But we don’t know what they hit for sure do we?
The RNS May have been all The Nanushuk but it was likely only a section of it so we await what was in the rest
Why sp took a dive on Friday?
Are mms crazy or investors are crazy.
Scenario one : oil is still to be found at deeper levels
Scenario 2 : after drilling right to the bottom of the planed drilling program, there is no win or loose situation.
It's like saying in football half time one team is leading, however results matters after 90 minutes.
Then why mms or the crazy investors sold out
they have past the nanushuk by now.
Factually wrong
They found oil likely to be on lower end of being commercial st some point in Nanushuk
We are at best unsure how much more of the Nanushuk we’ve left to drill.
So you are pretty much bang wrong really
Just saying.. But fair enough ;)
was only passing on good info to help others
if you care to look at my post this morning on 88e board you will see I have included Ya. My post here Ya was
accidently omitted. Not really bothered about so called board politics or you accusation of pretending anything
was purely accidental...
More than 1bn discovery in Torok in 2016 https://twitter.com/stu14080937/status/1101778639836901376?s=21
whats going on, are we becoming rampy again after fridays rns.
As far as we are aware at the moment we have found non commercial oil in the nanushuk, awaiting the deeper horizon results.
You can’t bet anything on it. The market is closed and I am speculating what it may open at given an oil strike
RNS Monday and a massive day it will be. 500% minimum. Tuesday up again 150%. Mcap 7m needs to get to 70m+ just for starters Massive oil find to be confirmed. All IMO. DYOR. Watch this space.
I wouldn’t bet the farm on it
Bynari... Usually good practice to state when using somebody else's post verbatim.. such as Ya on hotcopper, rather than pretending it's yours.
Pages 16 & 17
http://clients3.weblink.com.au/pdf/88E/02070754.pdf
If they have hit oil in say N4 and it finishes up 150% in Australia, will it then open up here 500% up???
Well, wealth elimination as in friday shouldnt be due to the way an rns is written. Hope im wrong.
Re Friday 1st March 2019 RNS re Winx-1 Exploration Well drilling
Question here. Does this wording " at the lower end of the range etc" refer to quantity of HC's intersected ? Quality ? Or technical aspects of getting it out ? Pressure, etc ? If POO goes up, does it become "commercial"
It basically refers to the thickness of the oil bearing Sands, reservoir quality & HC saturation (eg: xx feet of net pay with low oil saturation & High water saturation etc).
Gamma ray from the MWD tool can see the Sand from the Shale, while the Resistivity tool picks up any spike from HC's compared to the water in the drilling mud used for drilling. So the MWD tool gives a quick interp & if all is good, then they the Wellsite Geo informs the Driller to stop drilling, circulate bottoms-up, trip out the drillpipes out of the hole, rigup & run Wireline tools & collect fluid samples, take pressure readings etc before any formation damage sets in from the mud filtrate. If there r no shows, then keep drilling towards next target.
Not sure what their P90 estimate was & whether the 144 mmbbls net to 88E was for all the Targets mapped out in this well. Check slide 16-17 on their Winx presentaiton about the basin floor 'Fan' in the Torok. Drilling results from this aren't out yet so that could b on their next update.
Well if there is no rns first thing monday, nanushuk is not commercial.. imho
Eh! So based on the drill results, they have found an area of interest, so with that in mind, it could be just something else they have found on top and were proceeding to Nanu 4 and 5? Either London knows there is now no commercial oil based on the sp response or it is total manipulation. I seem to remember RKH dropped just before results. Total manipulation going on. Regards,
Is the general consensus we’re now more confident than we were Fri morning!? What a kick in the teeth the AIM has been this year!
I think they would. Would need to check shows so they know if good or not. We'll find out next week. McG. Release of material info is a requirement of ASX and AIM. Poor for holders Friday but one of the rules. More on 88e board re that.
Jof
If they are drillin 600ft per day then they likly would uave been at nanu 4 yesterday morning..
When they found the nanushuk zone would they have stopped drilling for a period to check what they had.
How much a delay would have been?
Maestro. Are you referring to that timetable line thingy? That is vague re levels. Im referring to that green depth map. It clearly shows N5 between 4520 and 4530 in line with RNS depth. N4 is not til 4610'. As of Thursday Alaska time we were not at that depth. Though we will by now. RNS Monday IMO.