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JonTangle, I have appreciated your posts, which have proven mostly correct. But. Be the bigger man. Rubbing noses does no favours. IMHO
if this doesn't change soon, then 1.30s coming
Drilling continues to Torok.
Main targets have been drilled...?
Lets be realistic guys..Lower end of commercial means it never will be,if its right down there at those levels now they wont go for the cost of testing flow rates etc etc etc..For those of us who trade oil explorers regulary,how many times have we seen a rns like that and then compare it to how many times it ends up producing...errr none..
The good news is although they haven't hit the sweet spot on the upper targets,what they have done is proved up the geology as oil is there and it's still all to play for going forward..
The reality as far as I'm concerned and trying to stay balanced both ways,is that the drill is still live,weve still got a chance of hitting oil,it's just the overall chance of success with this drill is lower than it was when it started..
i've had these tucked away since the Puntland days when we drilled dust,and have written them off a number of times but you live in hope
Look at slide 13 and 14 here...
clients3.weblink.com.au/pdf/88E/02070754.pdf
Nanushuk 4 looks a lot better than 5. Still to play for
1m buys keep popping up.
Main targets yet to be drilled....over sold on rns that was not bad, but not what punters expected.
overdone drop imo
just bad wording of the rns, as can be seen two posts below.
more drilling to come, will move up on anticipation imo
More to this that meets the eye, fingers crossed we can recover
88e Today 12:20 Price: 0.80 HarveyMushman 4 posts Within range of commercial quality "the zone in which the shows were encountered is at the lower end of the range required for commerciality", this is the Nanushuk zone, our primary target. Low / Medium / High either way the oil shows have been confirmed as within the range of commercial quality, not outside of it.....in it. I don't see what the fuss is about. Seems positive to me and I'm hopeful the additional analysis will move it further within the range as they continue drilling.
Way over sold today.....main target more than possible a success, oil shows rns is what everyone wanted....and that’s what it was. More to come I think.
Exactly it is commercial before they have hit the Torok. Lower end commercial atm but the oil has migrated to it from below, the Torok !!?
Right ok so .... we were hoping for oil shows on the way down, this has happened and they didn’t say it’s not commercial and still could be. There is a way to go yet ..... this sell off is over done. We had our oil shows and continue drilling.
This is exactly what a few of us have been trying to tell the lemmings that jumped this morning MMs crucified RMP on a potential commercial discovery. Even the company is confident enough to put out a tweet saying oil found and update the website that’s pretty efficient for an AIM company. Tweet” Oil shows have been observed whilst drilling in the Nanushuk in the Winx-1 exploration well!!.......read more “ http://redemperorresources.com/wp-content/uploads/AlaskaOperationsUpdateInterimDrillingResults01Mar19.pdf
Where theres hope ( not oil ,forget oil thats a bonus ) the sp always rises .... This will be back over 4p before next results ..
Someone made a good point on the 88e board. Oil migrates upwards. If the lower zones have good seals, the bulk of the oil would not be able to migrate higher. Still something to play for in Nanushuk 4 and 500ft Torok.
bought another 5k to average down watch this rocket back above 2.50s
I see the fake twitter account; 'alaskaoilandgas' has been deleted . So much for yesterdays tweet stating ' signs of commercial discovery'
Obvious scam by pump and dumpers .
Just hope the authors got their timings wrong and did not profit from the deceit.
Things will now get interesting :)
TOROK to come
now 0.8-0.85, rmp to follow shortly imo. Been very oversold here imo
Isolate the water and test the pay zone. People really don’t u sweat and this.
Exactly low end of commercial but that could be conservative and what happens if it is proven commercial
it also says
whilst drilling through this zone; however, initial petrophysical analysis indicates potentially high water saturation