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Our JV may do Winx-2 themselves or they could farm it out.
But there are important steps to happen first.
Full 3D Seismic across whole Western Blocks area.
Computer processing on the data.
Geologist in depth study.
Linking to surrounding area Seismic geological data.
Gaining insight into oil reserves, rock types and strata etc.
Selecting best places for possible Winx-2 and understanding what to expect in the drill program.
Then decide Go Ahead or not, and FO or own (88E) drill.
Shareholders should be given timescales and progress reports.
Professional approach not speculators approach.
Chances of final success should be very good.
Phrontist
Very good point, Armstrong, BP, Repsol have been exploring here so possible they would take hugh interest https://www.oilandgas360.com/bill-armstrongs-risk-taking-discovery-was-game-changer-for-north-slope/ https://www.google.co.uk/amp/s/www.adn.com/business-economy/energy/2019/02/21/north-slope-drillers-seek-little-pockets-of-oil-and-alaskas-next-game-changing-field/%3foutputType=amp-type
That article just about sums this one up with the on life support bit as rmp always flatters to deceive and then crashes.
I've just watched back a presentation by Bandy, painful I know, but in the Q&A about 23mins in: there are other targets in the block but Winx is believed to be the best chance of success (which I assume means a commercial find) and its "probably unlikely" a follow up well will be drilled if this one proved unsuccessful (which it is). Perhaps their views might change following the analysis of the drill but for me at least, Winx was make or break for this block, until im told otherwise.
https://www.youtube.com/watch?v=C0sju7Cr37g&feature=youtu.be
But it is extremely unprofessional that there is no update on a way forward.
Agreed still plenty of possibilities and with the share prices crashed so severely , this will likely have a considerable bounce next week. I’m expecting 1.5-1.6p recover trarget.
Nobody here knows what's going on at present.....yes a poor result ...but soes the data just need refining? There is oil very close to our well..... If Winx was a success all the doomsday merchants herewould be singing the praises of the wonderful BOD and what a great result...more wells bla bla bla.
The current SP is about as low as it's going to go...the slightest sniff of a positive RNS will have double from here... The BOD will have to let us know its intentions pretty soon...it's not over until it's over
Any 2nd drill in Alaska can only happen in the winter as per Bandy in the video below...
https://www.youtube.com/watch?v=r4QJH0j6Ros (from 03:27 in the video)
so I would guess nothing else happening there til end of year (if at all), obviously depending on further investigation of the data they have from Winx1.
Philippines project is a deep water drill site so going to be expensive. RMP is on its ar*e for the time being.
Rampy shit :-)
this is on it's knees - down 90% and with good reason - however cash in the bank so no dilution in the near term and there is still hope in alaska IMO.
Could go up from here IMO
Sorry for grammar, too much stella,
Please,, people, if your looking to invest here dont listen to all the rampy shit, oversold, bounce due, over 1p soon, look at these posters history, how many shares they post on etc, basic research and quality of posts, no postsvabout company history, this company has just been part of a group thats drilled a duster, no forward plan from company, onlyb1 offshore licence which its had for years, not a lot of money in the bank for the industry it operates in, it is on its knees, only thing for sure is if it wants to keep going it will need to raise money, and with bandys record of failing to ever hit peydirt it will be atva massive discount, bucket shop. End of. DYOR PLEASE.
Probably a sell but IMO this will bounce next week - oversold IMO
And looking at your posting history motor your no better either, like a pack of vultures picking over the bones of failed companies trying to sucker people in to raise sp while you sell out, as you say motor, scum, your posting history reveals all.
Definitely not punt money and SP due for a correction to 1p+ next week. Mcap too low.
Stew200 your just a ramper trying to trade, had a look at your posting history, pretty easy to work out what you are, pathetic really, same ramping rubbish on all the shares you post on, sad.
This will be back over 1p early next week
So someone bought 5.35 million. This isn't just your ordinary punt.
It’s nowhere near 0.5p lol. Stop kidding yourselves!
tell that bloke on the left you do NOT wear a collar and tie with a round neck jumper...
nobody be that uncool downtown:
https://www.youtube.com/watch?v=9GnG7R93hfw
That shop man "Cheat you Fair"... they sellin' RMP shares hehehe...
holding 13p average, who gives a toss, life is gooooood.....
kiss kiss
Lat there are two defo's in life, you are born and you die
What a load of crap, but I would like it to stay this or lower unit next Friday when I'll havea few more grand to top up.
So yes it may take a week or two to settle. .
There is no defo in life lol..gla
Islandgirl....0.5p was always going to happen, I’ve been researching Rmp prospects, 0.5p and lower is a defo here, shame but that’s aim.
Peace
Very much doubt it, this will be back up before close after traders are out..