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Good news, was waiting for jse to rns that they had completed their work overs and released the rig.
Looks like they might wait till they have results in but it's good to know rig might be on its way to buffalo. Thanks for posting blackelv.
It never ceases to amaze me the wide variety of top quality posts on this bb. Well done to all of you.
But still, my advice to all of you - DYIR; follow your own strategies; and well, say your prayers
Great to hear activity is beginning - spud could be only a couple of weeks away
Topped up again this morning
Can’t believe I have more in here now than AA’s Kistos - but am super confident
GLA - Exciting times just around corner now
@Blackelv, Yep...agree, lie back and put your feet up and it's as easy as that... they, (ADV), are doing all the hard work for us!
Also agree with everything you said in you said in your original post, clear, concise and to the point! There was a lot of turmoil in peoples heads when this was bobbing around in the low 3's, but as I said then...and i'll say again, "Patience IS a virtue"... The true value of this company is away higher, (multiples), than its current market cap! DYOR!
Ok so there is a boat being worked on location as we speak and two additional supply vessels and two tugs with the rigs proximity. Move preps are definitely underway.
Think it was around 300km to the B-10 location so just a short tug.
Exciting times……..
GLA
Cheers,
I am by no means an expert, however I have worked been exposed to a lot over the years. Happy to give my tuppence worth if it helps people understand a little more. Especially when they invest their hard earned into it.
Operations, Engineering and safety background.
Just feel that with the activity picking up around the jack up, something is happening with the rig.
GLA
Very interesting post Blackelv, thanks for sharing your thoughts as input from an industry expert is very much appreciated.
@blackely, good to see you back, great post,g.l.
Have not messaged on this forum for quite some time, due to being burned a few years ago by some unscrupulous conmen CEO’s……!
I am involved in this industry, primarily the upstream production and exploration sector. I have spent a lot of time on both production facilities and different drillers during exploration, workover and decom activities.
This however is a ‘once a cycle’ oil and gas investment opportunity.
The potential drilling outcome is as good as it gets in this sector, looking at the CPR and details from both companies. The reward to risk is actually a little unbelievable!
I invested around three months ago just shy of 3p and have build up around 2 million shares.
This is a life changing share providing the oil price holds up above $50 and the development can be fast tracked as Carnarvon alluded to int heir presentation.
Looks like the Valaris is getting busy around its 500 m zone. The beginning of the demob of all of the current operators equipment and stores with a tug waiting on lovation along with another supply vessel……. Demob, leg lift and move over the weekend…..?
Best of luck to everyone and imagine where this will be in 6 months. Easily 4x from here on a successful drill.