The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Cap £8m with commercial oil and more zones come. Gla.
Looking very thin on the sell side now, with the buy side very well stacked on the buy side and getting stronger as i type. I can see this starting to recover from here. They said in the rns, low end of commercial, they didn't say not commercial. This looks very cheap to me right now.
I wonder how many million barrels is classed as the lower end of commercial . Plenty more to look at on the way down
Jrl , stupid ASX rules on disclosure. Would have been better to wait til drill finished and then say 2 out of 4 or 0 out of 4. If we do get 2 out of 4 lots will have missed out on AIM either with stop losses getting tripped or selling on fear. May have good news by the time ASX reopens. Clear disparity between AIM and ASX.
Someone is keen at these prices
They have oil but at the lower end of the commercial figures. More zones to follow.
Its still to play for,with an oil find.
http://clients3.weblink.com.au/pdf/88E/02070754.pdf Quite a few places if you read the presentation
But I am looking to top up 1p if drop further.Dyor
Can I ask where toruk wad successful?
TIP TAP UP - CHEEKY (not so cheeky now)
you do realise you can read people's post history.
You ramped it yourself
I don’t think we are getting the full picture here, why release this news if they thought it would collapse the sp why not just keep quiet till the next zone, my opinion is it’s actually positive, there are oil shows at the top layers.
yeah..the top up gang !! and why not...could be a right goodun...buy low...sell high.
topped up as well. nice to get the average down.
topped up :)))))))))
Looks like solid support established, sellers out, off for the day, looking forward towards a healthy tick up in the upcoming week.
Good morning all,It was not quite the Rns most of us wanted today.Looking at where we are, the Seabee was of course the smallest zone we were targeting with the Nanushuk next.As other posters have said we are only through part of the Nanushuk, we have 2 Nanushuk zones,then we have the 500ft thick Torok to aim at.The Torok is a proven oil producing zone in its own right, and one I am particularly interested in, so we still have plenty to come next week.The Rns also said the oil zone was commercial, but at the lower end of the commercial spectrum.So we do have commercial oil with further analysis to come.I would suggest we all ignore the trolls who take deep delight in other people’s misery.Many will have sold at a loss and many more will come in on the drop, recognising that we still have plenty more to come from Winx. I have picked up some more today on the drop.I think we will have a nice surprise in the next few days.Good luck for those invested and to the new investors coming on board.
Amplitude response on the Nanushuk 4 was always better than 5 so if 5 is at the lower end of commercial but commercial none the less then this looks good for 4. If combined they are over 150ft it’s happy days ahead and then there is Torok still in play also. If you took the risk to invest on this drill selling up now is just plain crazy I’m afraid to say.
I knew that the overreaction would happen,sold out,then waited a hour,pounced 5k extra shares,the RNS reads good,has it been derisked,top nanshuk lower end of commercial, oil always encounters water,this could give some a great chance to come in late
has become an investor's worst nightmare.
This may be of interest to holders with regards to the USGS estimated potential of undiscovered resources in the Nanushuk and Torok Formations. Publication title below​
USGS Assessment of Undiscovered Oil and Gas Resources in the and Nanushuk and Torok play, Alaska North Slope, and Summary of Resource Potential of the National Petroleum Reserve in Alaska, 2017.
Link below to this USGS publication
https://pubs.er.usgs.gov/publication/fs20173088
"A sufficient amount of data is available to confirm that the potential size of oil pools in the Nanushuk and Torok Formations is larger than previously thought. Moreover, availability to the USGS assessment team of three-dimensional (3D) seismic reflection data in the north-eastern NPR-A and adjacent State lands and waters provided a capability to estimate the number and size of seismic amplitude anomalies, which are considered viable proxies for undrilled prospects".
The largest undiscovered oil resources are assessed in the two north-eastern AUs. The Nanushuk Northeast AU is estimated to hold between 1,271 and 11,162 MMBO (F95–F5) with a mean of 4,862 MMBO. The Torok Northeast AU is estimated to hold between 466 and 5,417 MMBO (F95–F5) with a mean of 2,177 MMBO.
The new discoveries (e.g. Horseshoe, Pikka) in both formations involve oil pools in stratigraphic traps concentrated along ancient shelf margins. Stratigraphic traps display subtle geometries that are challenging to recognize using seismic-reflection data. However, application of innovative 3D seismic techniques improves exploration success rates, as indicated by the recent Nanushuk and Torok discoveries.
The largest undiscovered oil resources are assessed in the two north-eastern AUs. The Nanushuk Northeast AU is estimated to hold between 1,271 and 11,162 MMBO (F95–F5) with a mean of 4,862 MMBO. The Torok Northeast AU is estimated to hold between 466 and 5,417 MMBO (F95–F5) with a mean of 2,177 MMBO.
Bought a few this morning 2.25/50p I’m gone I remember puntland....Bandy couldn’t find oil in a sardine tin.
Exactly what I’m saying still got a Nanushuk topset to drill through and Torok that has a nice amplitude response.
Will be blue Monday for sure, biggest fallers always bounce back due to the those after a dead cat bounce at least then others follow.