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Ha. Looks like they took their last update and added it to an old presentation. Hopefully they convene a Q and A session after the 30 day results. I’d Ike to better understand the end game here. And they still refer to the skin issue without further explanation.
Don’t know much about the technicals but I think he should read closely. I didn’t see any statement that said they did not use slickwater before. The “record rate” was the injection rate using slickwater. But the rest of the logic attached to this inference is just hyperbole.
Def not tax loss selling. That would make zero sense. I am curious estimated times to clean out the flow back fluid? 3-4 days to frack and then how many days until the flow back fluid is captured? Also, during the initial flow back will there be a flare? Last picture no flare. Sat is the next one so maybe we see a small flare during the clean out?
They do not appear to be on the same on page. From the get go it was as if FOG was the evil step sister. I am a layperson. But I cannot understand why such a short lateral and only 10 fracs. No explanation from anyone. The different explanations about AH2…and then no update. It is all very strange. On the other side we have Empire who seems to be communicating accurately, executing its plan, and moving forward.
First question is does anyone have an estimate on how long it will take to drill the horizontal?
Second question is does anyone know what would be the purpose of the black spot that appeared at the A2H site?
https://apps.sentinel-hub.com/eo-browser/?zoom=16&lat=-16.34408&lng=133.88459&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2023-09-10T00%3A00%3A00.000Z&toTime=2023-09-10T23%3A59%3A59.999Z&layerId=6-SWIR&demSource3D=%22MAPZEN%22
The 9/10 picture has a black spot which appears to be water? TY.
Https://www.investi.com.au/api/announcements/tbn/f307477d-22e.pdf
This presentation says remediation activities planned for Amungee 2H.
Thanks B2B. I am wondering what US style methodology was used for flow back. Still weird we have no information other than a skin issue. I think the best way to sum up the article is TAM has put the cart before the horse. And our next well seems to be an odd target.
It one of the many announcements TAM has on their website.
https://www.tamboran.com/announcements/
I would jump to any conclusions. Riddle is a snake. I’d wait until more information comes out. Sadly, both company’s messaging speaks volumes. That is—they are not on the same page. What a mess for two public companies.
Longknife- I believe this was mentioned in the FOG inventory presentation. But my memory is fuzzy as I only listened onetime. It was some sort of lubricant (my word not theirs) that was added in the hope it would increase the permeability (again my word) of the fracked rocks…or something like that. Sounds like it backed fired. Not sure whose idea this was or what was the logic behind this. If I recall correctly POQ said it was the operators decision which they have no control over. Hopefully we will get more news. I suspect this is why BS wanted two of his folks on the TAM board.
And I don’t believe for second TAM or BS would sabotage a well. Everyone has skin in the game and everyone wants to make money. Personally, I am not selling a single share right now. Wish I would have taken my 40% profit but let’s be real…we are in this for home run. Hopefully folks are only betting what they willing to loose. I am not that knowledge about this field but one things is crystal clear…this is gamblers stock. Either we are going to get hammered or make a lot of money.
WW nice summary. Riddle’s flood of new releases did not help his share price. It’s back down. I am not sure what FOG can do or why they should be out there pumping new feeds. IMO that is exactly why the market has lost confidence in them in the past. Constantly saying something and doing something else. Some out of their control and some not. The only thing that will move the needle will be commercial flow rates. Too bad TAM got greedy and tried something new that botched the whole thing. I guess we will hear soon if the well can be cleaned up but from what I have read that is highly unlikely.
Clear disconnect between FOG and TAM. As the first reason for justifying the cash raise the mention cleaning up A2. My questions is who pays for that? In the presentation I didn’t hear muc about A2 and what they think went wrong….