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When they get through the full Torok they will report. They are still drilling through it, that part was an update to say we have a strike in the secondary target also but they can’t tell us the entirety of it until they come out the other end.
PRIMARY NANUSHUK targets and SECONDARY TOROK targets both encountered oil and exhibits similar characteristics with "nearby" successfull drill Probably same or very similar to Horseshoe
Up to 4.00p please >>> ££££
Primary Nanushuk targets (topsets) intersected between 4,667' and 4,901' (approx. 240 ft of interval)
The previously reported (1st March 2019) interim results were related to an interval in the Nanushuk Formation above the primary target zone. This interval (4,460'-4,530') remains the subject of further analysis to determine prospectivity.
So that's 70 feet of interval
The well successfully intersected the top of the Torok Formation at 4913' (this doesn`t tell us what thei nteval is). The Topset Sequence 4 sandstones (secondary target) were encountered at approximately 6052' (what depth did they drill too)
Would be nice to know the full drill and interval details. Any one any ideas on these, atb
As mentioned yesterday night I sold half my holding on Friday based on the initial Friday morning RNS. Very angry about the wording and lack of detail in that RNS (as I'm sure you noticed). I hoped for better from Dave Wall and the only reason I was invested was because it was a JV, wouldn't have touched with a barge pole if only RMP, Still, onwards and upwards I suppose. I just sincerely hope we are not being strung along now only to get shafted in a week or two by a decision not to proceed with flow testing. I want this to do well and SP to end up many multiples of where we are now.
Good luck all remaining holders and those recently joined at bargian price! ')
You have ramped many shares on a spike
Basically this is more a buy now than when were at 4p.
Coldspy there’s blatant ramping with poor facts and no logic and there’s debate and sensible positivity. All very different GL and good to see you here
Might take a day or two but I expect ASX will tag along tonight to speed this up.
Degsy you still haven’t answered my question so maybe you should head for that swing and have a think about why you can’t answer Appears so many have seen though you
posters about as expected.
Spreading doubt and fear. Ignore them, make your own mind up.
I know a few of them from other boards, they're professional. They'll attack other posters, accuse them of ramping (like todays RNS needs ramping).
Just wait and see where this ends by tomorrow end of business.
Asx were protected until they got through the zones. Just unfortunate for those not researched.
3.5p gets this back on a par with 88E taking pre-RNS share price into consideration.
Ohhh jon go sit on the garden swing and twiddle your thumbs
exactly seems RMP is playing its own shareholders but why?
what mirror are you using?
No they simply reported a zone of interest. They didn’t specify the zone but gave the depth. Scaremongers jumped on it and done what they do. No apologies from them now those researched were proven right. Of course it was 50/50 but the show is what we needed as they were reported before we hit the mother lode. Now they have oil in both the primary and secondary
Mr.P this seems undervalued considering the numbers involved...or am I missing something?.. im not in yet just watching.
releasing an overly unoptimistic rns before the drill is complete is poor, especialy with fragile companys who have a list of failures..i believe someomes head should role whatever the outcome of the drill, it is not the facts but moe the sentiment of what they said, which then caused a massive sell off
this is just my opinion
I guess last week RNS was for different zone. Oil shows today are coming from new pay zone.
400m still the target. 1.2bn is for whole Pikka / Horseshoe trend (Oil Search / Armstrong / Repsols share of it anyway)
http://dog.dnr.alaska.gov/Documents/ResourceEvaluation/20180521_DiscovThinking_Decker.pdf
Torok already found oil and they are still drilling though the stacked targets. Impressive with a few hundred feet to go.
Mirrors the neighbour now they have found more out to compare.
Interesting when #RMP hit a non target zone with oil shows they cautioned it was low end commercial. Now with hitting the big pride they draw comparison to Horseshoe and no mention of water anywhere...
In hind sight the company should have put out a much clearer RNS Friday, unless they intended to create this trading opportunity.
They should have RNS'd a "due to media speculation" type RNS stating clearly that they were nowhere near the target yet but had observed some oil shows. I know thats kind of what it said but It left way too much to interpretation.
Todays looks very promising, but again we will need to wait till wireline and if they deem it worthy of a well test. Good thing is wireline logging is relatively quick so we should know this weekish