Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Geology of Nanshuk &Torok Formations around Winx1 location Alaska Gov presentation
https://vimeo.com/301432243
Timetoact....The Repsol factor was a massive green flag when I considered jumping in.... A possible buyer if the numbers add up?
The honest balanced view here is that the evidence is pointing towards a successful drilling result....but we all know nothing is certain until testing is complete....but it does look very positive at this stage. By this time next week we will know for sure..... Either 1.5p or +15p.... Or 20p with a fair wind. ;-)
I spent Friday looking at the share price going down and down.
I decided to review, like you, all the information I have from official sources including the Alaska Government, other oilers in Alaska and professors in Geology. They all made it very, very clear that there is OIL in WINX.
Now how much we will soon find out.
Even if there is not enough to warrant Red Emperor and the others to start from scratch Repsol, have already made the investment 4 kilometres away. The extra cash required to extend their reach in WINX would probably be less than what we have already spent.
If I am wrong then I have enough shares to make a serious dent, if correct then I will probably retire.
Is it worth the gamble, yes, because this type of chance is a once in a lifetime one!
Of course, we can have a duster, but you will never get a chance like this again in your lifetime.
BUT don’t use money you can’t afford to lose on any share or other dead cert scheme without spending time , and I mean a lot of time, making sure you not following a dream but putting your money on something that could actually make a return worth the upfront risk.
In my opinion this is one of those chances!
Bynari
Thanks for ya repost, excellent.
http://dog.dnr.alaska.gov/Documents/ResourceEvaluation/20180521_DiscovThinking_Decker.pdf
From this source doc what I took away most was the sheer scale of under estimate in terms of total reserves North slope, If WINX is commercial likelihood could be much bigger than 400 m barrels total, especially with Torok secondary target with oil shows as well for reserves Calculations towards sale - I think this formation oil show result has been under appreciated - why didn't 88E state total gross oil show feet for Torok formation - this could be substantial.
Key points:
"The Nanushuk topset play in the central and western North Slope is far more prospective
than previous resource assessments recognized:
o For example, at 300 million barrels recoverable, the Willow discovery alone far exceeds
even the 2010 USGS upside estimate (F5 case) for the entire Stratigraphic Brookian
Topset play in NPRA.
o By itself, the Nanushuk Fm play (NPRA, state lands, and nearby OCS) is now assessed with
a mean of 7.3 billion barrels of undiscovered oil + NGL"
"North Slope underexplored, conventionals still surprising us;
• Nanushuk play – Larger prospects, more assessed oil resource,
lots of undrilled leads and running room"
There is oil and this will go up to between 10-15p near future. The sells are people who play the market a little differently to me. I stick and wait for fruition others trade and usually become the 95% of AIM investors who get spat out forever. There is also another type of investor and they are in groups who are in close contact with each other who make money by pumping and timely dumping, they are easy to spot. Remember money moves from the impatient to the patient- again Warren B.
Total 26 wells in Nanushuk sands drilled = 26 hits according to Bandy in his UK Investor evening presentation
Our JV licence area is surrounded by producing fields from these sands, Bandy is unaware of any drill that didn't find HC from this primary target
WINX drill lead Geo has worked in the region and been involved in Repsol 15 drills , all discoveries. He would have heavily influenced the spud location to the metre based on the 3D seismic and deep experience of the Geology
This is 1 of 4 prospective licence areas owned
If WINX 1 commercial, it will be sold and further target drills would be expected to be drilled campaign next season
Compounded growth potential exists here.
In terms of building the picture through research, I evaluate potential and come to a conclusion pre drill - potential is massive here just form precedent and nearology alone.
So I lock that down - I don't go back and doubt my reason to invest due to SP action and daily fluctuations.
Then the drill itself and RNS on oil shows over 234ft gross Nanushuk
The oil was targeted here and expected to be found, we did hit and oil shows were found - now just evaluating by wireline, it flows in all other wells.
Horseshoe 1 has 150 ft net oil pay and we have very similar well logs as confirmed.
So expectations were high pre drill, oil shows so far prove what was expected and likely to occur.
So I lock that knowledge down - and don't doubt my reason to invest to invest due to SP action.
This 18% drop is selling by those who havnt locked down that information, or don't want to take the risk to be in for results or happy with profit so far, that's all fair enough. For me that's a top up opportunity I didn't expect to gain.
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
Warren Buffett
Sure, it could be non- commercial, but ask yourself objectively what is the more likely outcome based on the factual evidence presented to date?
Guys.
There are rules to investing relative to BBs/AIIM/Speculatives:——————If you want to survive!
1)Recognize the guys who have knowledge of the asset and post accordingly - listen to them.
2)Do your own research into them and what they say is true............Don’t be lazy and assume they know.
3)Calculate/Evaluate the balance sheet of the company.
4)Do not invest in AIM unless you can afford to lose 100%.
5)Do not ever set stop losses as they will be targeted by MM’s.—— And taken out 80% of the time.
6)Baby steps approaches —- nobody gets rich quick- fact.
GLA.
Out today article on Winx-1 well page 1 & 12 also 88E Icewind pages 5 & 6
http://www.petroleumnews.com/pdfarch/100485494.pdf#page=1
Guys.
There are rules to investing relative to BBs/:
1)Recognize the guys who have knowledge of the asset and post accordingly.
2)Do your own research into what they say is true.
3)Calculate/Evaluate the balance sheet of the company.
4)Do not investin AIM unless you can afford to lose 100%.
5)Do not set stop losses as they will be targeted by MM’s.—— And taken out 80% of the time.
Does anyone know the cos on horseshoe?
most probably seen Bill Armstrongs video before however I do believe we have a discovery on our hands re Winx as to size well leave that to next week just could surprise a few
https://youtu.be/5nwYeP3rA-Y
I'm not invested here at all and so won't comment on where this will end up as I don't have a clue.
What I can tell you is Diamond Horse is a bastard and has been caught out complete with screenshots trying to rally fear into people.
He tried it with a stock I'm involved with a good few months back. Take no notice of him.
Good luck with your investment.
Quality, thank you!
clinkclam listen in here RMP CEO
https://www.youtube.com/watch?v=F3Qn9Orz8fc
Winx-1 Under the right light.
https://icebergshares.blogspot.com/2019/03/88e-winx-1-on-verge-of-greatness.html
Winx-1: On trend with Horseshoe discovery Winx-1 sits four miles to the east of Horseshoe and will target 400mmbbl of oil in the stacked Nanushuk, Torok, and the shallower Shrader and Tulevak formations. 88 Energy estimates that around 60% of the resources will be in the Nanushuk. Horseshoe encountered oil in Sequence 3 of the Nanushuk. Winx-1 is targeting Sequences 4 and 5 where there is a similar amplitude response to that seen in Horseshoe. The company assigns a geological chance of success to Winx-1 of 25% and sees the key risk as seal. The prospect relies on a pinch out on the clinoform shelf edge to form an effective seal. The well is currently scheduled to spud sometime in February 2019 and is expected to take around four weeks to drill to a TD in the region of 6,500ft and at a dry hole cost of $15m. In the event of success, the well would also have sidewall coring, logging and testing carried out. The operator believes that these activities can be completed within the winter season (when ice roads are solid), which normally ends between mid-April and mid-May.
I cannot believe that people actually worry about the crap put on this board by a poster who has just turned up - incredible ! Herd mentality - if you are so stupid to even consider what these twats are saying to be true then you should NOT be trading shares on AIM. Put your money in the bank.
Diamond Horse ! are you f******* joking !
Anyone listening or acting on "advice" from such people are idiots.
liamnicholas its a pleasure
here's a top post for you if you havent seen it before:
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
all thanks to poster Ya
Much appreciated all, he just seemed amazingly confident freely giving sources. His reputation will be fucked if proved wrong.
Bynari
Thanks for all of your posts recently, have enjoyed every single one
This video of the presentation https://youtu.be/C0sju7Cr37g is great I hadn’t seen it yet and judging by some of the comments on Twitter, others haven’t either.
No probs, take a look at his posting history on twitter. It will confirm he’s full of shit. Might make you feel better.
Diamond Horse is a shorter and he really would like you to question your research in your investment in this share!
So, keep this in mind- this well is in the Alaska, United States and it is on the North Slope, less than 5 miles from one of the largest oil discoveries in the last 30 years!
This well (as I understand it) is drilling into the same reservoirs!
So, although there are no guarantees, but feel confident enough to put a couple of pennies in (got burnt on FRR! :(
He must be suffering from hallucination.
He has mental health issues.
Calling chicken shop owners as the biggest investors on RMP.
Ignore him.
He said he has inside information and opened short at 10.45 pm.
Which market in the world is open at the moment.
Pure clown.
I just laugh at his comments.
Cheers will do - amazing the amount of crap getting posted on here in the last few days. Next week will be interesting Gla
On the chart though.