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Asx is different. If anything it'll look at AIM to as a measure.
Aim typically closes slightly higher than ASX, may have a small dip first thing with profit takes but I am expecting another strong day. This is now seriously due-risked and I am expecting a lot of position for next week. I also suspect there may be some news inside of the ten days they have stated.
Honestly, people post absolute rubbish at times and I’m not sure why I’m replying.
ASX is a secondary market on this stock, AIM will do whatever it wants. No way we will see 5.3 today
Pullback to 5.3 ish on open to match asx then upwards from there .
Thanks, seems to good to miss, risk but could be a great reward!!!
Bronze. 9 days to wireline results.... 9 days of potential rise
Tiburn: if they will run MDT wireline tool then that's another very positive sign... MDT is one of the most accurate tool in wireline and expensive to run. In one MDT run, you get the data you need for timely decisions (Accurate real-time pressure measurements and permeability measurements from high-resolution gauges and High-purity and -quality reservoir fluid samples for downhole fluid for laboratory analysis.)
Gooles2, it’s definitely not the wrong board, I was just comparing 2 different RNS’s to TD and suggesting this seems very promising but asking the questions is there still room for the SP to rise prior wire results. Have a look at the 2 RNS’s and calculate the difference yourself. I have made a 6k loss there but thinking about reinvesting here.
I reviewed experienced and technical background posters last Friday and the water RNs on here and 88E
I posted a summary of these posters views overall, consensus sopinion being that deeper targets were to come and that it was just a poorly written RNS, all the great fundamentals remained for the drill primary and secondary targets.
I convinced myself it was still game on and it instinctively felt right - but I still didn't top up, and missed out on a total 300% rise.
Now a chance to invest further based on research and trust your own interpretation. No one knows if this will flow and be commercial yet, but the approach that 88E are taking for ten days of wireline (read MDT as per Lazarus post earlier from HC) is indicative of potential to do so.
Also another Lazarus insight from HC is key:
"An extra few days here may be invaluable in upping this acreage selling value without needing any further underground work from the JV partners, beyond the current W#1 programme."
In the context of 88E wider plays that are more important to them and cash being critical to their FO, this makes the most sense by far.
RMP just along for the ride, but benefit by 88E management of the well (superb in all respects) and also the drive towards best positioning the JV team for monetisation and sale of the asset.
So I put all that into context, the fact that wireline should normally take 2 days and that 88E may know broadly what they have very soon, this will leak and positions will be taken, Friday will be key on their market to track performance and share trades. If big positions are being taken, then Friday will then be the day I decide to go with my research conclusions this time and increase my position substantially.
Bronzy, wrong board mate.
Liam, this one is dated 7 March. RMP error, not mine.
Closed 75.44% up
Any thing below 10p is a gift for the adventurous. About to have a lovely payday. GLA
Just comparing this drill to ujo at Biscathorpe and the RNS seems very promising, ujo knew from drilling it was water saturated and read c1-c5 levels from the initial drill. They must know they have a very high COS now as will of been doing some sort of testing already. And wouldn’t go onto stage 2 if they thought it wasn’t worth it. Do I bye now for the result or have I missed the boat??
That RNS was released in the U.K. at 7:00 on aim yesterday
Where have you been!
Maybe it will, but it won't be at day's end. My revised guess 9p
Apologies, only one RNS.
http://redemperorresources.com/alaska-operations-update-total-depth-reached/
http://redemperorresources.com/alaska-operations-update-total-depth-reached/
http://redemperorresources.com/alaska-operations-update-total-depth-reached/
https://hotcopper.com.au/threads/it%E2%80%99s-all-about-to-go-ballistic.4662247/page-84?post_id=37685695
courtesy of Lazarus on HC, and moda reposting from 88E
"I am finding it to be a challenge to be measured in my optimism."
Not a geologist but this sounds like it’s more and more probable based on information available.
Thanks for sharing..
Looking forward to the imminent future!
Up 75 percent ,still behind our price ,so will open up red today ,around 15 percent ,my guess.
liamnicholas - here for you the Nanushuk & Torok Formations explained in a video presentation to add to your file
https://vimeo.com/301432243
Nanushuk & Torok Formations in detail
https://www.akrdc.org/assets/Conference2018/Houseknecht.pdf
Three discoveries in Arctic Alaska announced since October 2015 each have recoverable oil potential of 300 to >3,000 million barrels (MMBO). The discoveries occur in the distal part of a giant, Lower-middle Cretaceous clinothem comprising bottomset and foreset seismic facies in the Torok Formation and topset seismic facies in the Nanushuk Formation. The most thoroughly tested discovery (Pikka), in the Nanushuk Formation at 4,100 ft depth on the Colville River delta, is estimated to hold 497 to 3,758 MMBO (30° API).
Another Nanushuk discovery (Willow), at similar depth in northeastern National Petroleum Reserve in Alaska, is estimated to hold at least 300 MMBO (44° API). Seismic and nearby well data suggest that both accumulations are stratigraphically trapped in lowstand shelf-margin delta systems.
The third discovery is in the Torok Formation at 5,000 ft depth in Smith Bay, about 95 mi west of the Pikka discovery. In-place resources of 6,000 to 10,000 MMBO (40-45° API), with possible recovery factors of 30-40%, are estimated by the operator based on 3-D seismic data and two exploration wells. Operator statements, plus seismic and nearby well data, indicate the accumulation is stratigraphically trapped in lowstand, basin-floor fan deposits.
The three discoveries lie on or near the Barrow Arch, a regional structure that focused oil migration from the south (Colville Basin) and from the north (Canada Basin rifted margin). Fetch areas include high quality, oil-prone source rocks in Triassic, Lower Jurassic, and Lower Cretaceous strata. Source rocks range from thermally immature to mature on the arch to overmature in deep areas north and south of the arch.
Make that 93%