focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Wouldn't it be a shame if we got down and found out our rig is not large enough to hold back the gas ? I guess it would be good and bad but if fracking could be eliminated the costs go way down and the field a lot easier to commercialize. Only seen one well like that in Wyoming at Lysite it burned the rig down and the fire could be seen for 50 miles. Took a month or longer to get it under control but oh what a well. PS no one got hurt.
I've questioned for years this so called wet season in the dessert and everyone said you just can't work : I been saying BS before the frack ban, now some people seem to agree that we can work, with a few rain drops in the middle of a desert. I think some people on this board are getting paid to support whatever new position is said !
Been preaching this forever, POQ gets a great salary, sells his options, travels but never accomplishes anything, won't confront facts that could be negative, gives us the news after it is common knowledge, he has watch this company go nowhere since his tenure. Only good thing he did was kick Hess to the curb for not continuing exploration drilling but gave a pass to Origin ,who according to the government was never restricted from exploration and even doing horizonals but just couldn't frack ! Santos is currently doing just that drilling ,exploring but no frack permit. It has always been my opinion Origin should have had to relinquish their share for not doing the exploration work set forth under contract. Wouldn't it be great if the timetable were followed and all we had to do now was reenter and frack. WTF does he do?
GLTY , of course POQ said fully carried and in great financial shape, then sold over 50 and a half million shares. I don't believe a buyer will come along to commercially is established. Sasol sold out and Hess didn't come back and their knowledge of the Beetalou is far greater than everyone else's. I think we will all be alright GLTA
Agree, no new news! String along ,regurgitated old facts to keep share price from deterioration. I check every day looking for rigs arrival or real news. Get nothing but rehashed garbage or
some company is doing this or that. Show me the money (rig) !
They are waiting on the rig to finish on another project first, that is why they said they will be scrambling to get drilling before fast approaching wet season. Also Ensign 963 our rig says its current location is 20.798, by 115.4060, don't know when last updated.
Is it wrong to assume that no drilling will happen till the EPA bill is approved ? Their next status meeting and update isn't till July 31st and bill won't be submitted to as late as Sept 12th. Maybe POQ could comment on this, just kidding .
We****er , finally we see the light; get Origin off the ass or get rid of them ! They don't deserve any part of this play; just like Hess, kick them to the curb, I've said it for the last couple of years, you could always explore, just not frack they should of lived up to their commitment years ago ! POQ didn't enforce the contract ,but I can't think of much of anything he has done right, except enrich himself and ignore shareholders ang tell lies .
Darnit I think you are missing the point; POQ said rig would be on site early June he was wrong as we all know, he said in May we are in great shape fully funded, we all know what happened, just before the fracking ban he said full steam ahead then told us we all seen the ban coming and it shouldn't have been a surprise too anyone ! Now drilling in July I said that we would be paying a fee each month to hold the rig which people said was wrong . Well you either pay to reserve it or it goes elsewhere it went elsewhere and needs to come back. The timeline is very important as you know and it getting later, if this rig doesn't start drilling soon, this year will see limited data . So if you want to buy low do some DD and don't believe the people that won't keep you informed but only paint a rosy picture or lie . One final point we did not move the rig onsite yet because we have no PERMIT, do you think we will move the rig now ? Pay to watch it sit there ? My "guess" is NO, the rig won't be onsite till we know we can use it ! JMO
First of all you need to visit with Indian Pacific Rail , then if the cars are already ordered which takes about 7 days it will be transported to Tarcoola where it would connect with the Ghan railroad then onto Tennant Creek to be unloaded and transported by truck to the drill site, about 4 truck loads. Reassembled , you are right dprussky easy peasy. Four days max. LOL
Visited with a friend who says getting a rig that far, that fast and reassembling would be one giant undertaking, Not impossible but very unlikely to drill in July. Many loads, very heavy and on gravel and dirt roads . Any one want to bet no drilling in July ?
W T F rig in Perth ? Drilling date still not affected ? POQ said in January rig was ready to be
moved onsite by June ! Someone is lying ! I thought Perth was on the other side of the continent ? I said lawsuits would slow any drilling 2 years ago, what if courts accept any of these challenges. Oh just post positive comments and smile like a Cheshire cat like POQ did before ban when asked what could go wrong ! View proactive see POQ's comments, eig ready to role full steam ahead all BS.
On 1 /27/19 POQ gave the following info: rig ready to move, drilling in June and we are fully covered ! Interview with Proactive Investor, titled Full steam ahead ! Also if you remember just before the fracking ban he was asked what could go wrong and he sat there in silence , then later said we all seen the ban coming and it shouldn't have been a surprise. I never heard mention of the ban till it was upon us.
Let's drill first, let's prove up , then let's see if it is commercial, this field is like so many and Falcon's Hungary, it may be there but, be realistic, it may just stay in the ground like so many other promising fields.