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It is one month for V1. The second well is an assesment well. If V1 hits dust it will not get drilled. It will only get drilled if the first well is a success or gives a high indication that its worth it.
For the first time today i have looked at the trades and thought to myself that looks like a sea of blue yet the SP has fallen today by almost 3.7%. So i double checked with the fundamentals and that is showing 0.5m sells and 3.0m buys that is a big difference and yet the price is down. Sometimes i get seriously confused on the stock market.
I have heard that there are two raptor wells due to be drilled but i believe only one drill. So if it is one monnth is that one month for both wells ie finish 5th July or is that one month for each drill finish around the middle of August give or take a day or so.
Someone loading up in 100k blocks today
Following discussions with selected drilling contractor, Major Drilling ("Major"), a spud date for the Velociraptor 1 well has been confirmed for June 2023 following completion of Major's current programme for another operator. All required equipment for the well is in country. Field work has commenced to make ready the water supply well that will be used to supply the operation. Site construction will commence during May in good time for the scheduled June spud. The well is expected to take around 30 days to drill to a prognosed total depth of c.1500m.
Total depth for the raptor is 1500m and of there is oil it could be encountered at the 600m depth. So less than half way through. Anything after ten days post spud things could get very interesting.
About a month to drill.
Preparation should start within next 10 days.
Site needs to be prepared before equipment turns up.
Mud Well ,water etc
Min 25p new number 1 ramper
I don’t think the drill team will stop for weekends. How long it will take to drill, sorry I don’t know…
This has more than doubled in a space of 2 months. I don't really know what more some who are still knocking this down really expect. The evidence is right in front of you.Given the amount of work going in the background this will go further north and very soon it will be out of reach. Leave this to the last minute but you could have lost it.
Can someone remind me please but how long is it expected to drill Velociraptor. Some where in my mind i have a month. Does that 28 days or 30 days including weekends or 28 working days so to speak. So if we spud Velociraptor in or around about the 5th June we would be unlikely to get news before 5th July.
The other question is this would be get the news full stop at that point but surely they would know if they had hit oil much earlier so would an early RNS say if they struck oil on or around 2.5 weeks into drill would they announce it straight away or wait till the final TD. Being price sensitive i would they would announce.
Yes me too fill your boots at these prices. Will be above 7p again tomorrow afternoon. Buy 6.4k pounds worth sell tomorrow for 7k 600 for the weekend gla
Very surprised why the share price is struggling today with all the good news on the way this should already be trading at 8p plus before any good news arrives.Could not resist the low price today and upped my stake here.
It's already doubled in the last 3 months. It will only significantly move on LP/SPC RNS or Velo confirmation of commercial oil find now imo.
I can only see two potential information posts today. Master and Jimi... everything else is olsubkective opinion and as valid or not as each other.
I always took Ramping to mean the propagation of information or views that you know might not be actually true in an attempt to artificially increase the value of a stock for your own financial benefit.
If you happen to believe what you say then that's not ramping.
It might mean I'm wrong and therefore stupid but if you can double the worth of your ISA in just 3 months then I'll take stupid any day of the week.
I wonder what it'll be after Monday's RNS?
Mainly aggressive ramping and aggressive language day today then...
(the public gets what the public wants)
North of 25p at minimum. Anticipation of hitting that liquid gold. This will keep rising until results of the spud
I wonder if and when PM will get on the list https://www.mongolianminingjournal.com/a/72849 GLA
North of 10p my guess
What is the prediction of sp at the end of this month then? asking both parties :)
Its well overdue Thor as far as I'm concerned... there is a shed load of news due in the days/weeks ahead.
I am in here as i have now said repeatedly.
I hate when people with no knowledge of anything claim rns monday or next week or all moving in the right direction.
Rampers are nasty. Simple as
I'm predicting an RNS to arrive in the next week or so RE the Velociraptor spud.
I think I'll be proved right too.
The Heron RNS will come at some point too but I'm not predicting when.
It's a waiting game.
What are you waiting for?
Why don't you go away so called Investor. Your not in here so why are you here. Is it just to wind people up.
Nice bit of ramping going on here.
Rns prediction number 1000 from Thor.
Get real