Member Info for Bladey

CVN haven't RNS'd anything aside from what we RNS'd.. Aside from an albeit early statement by them through an apparent interview... BUT that could've been before they realised the sensor issues

They maybe doing a new sweep using a different sensor to get an accurate display of what's down there...would explain the delay here.

That's what the Morning Star article says..." Issues with the Imaging sensor"

It would explain the massive discrepancy in results! Yes they could turnaround and say "We ran through corrected sensor and found closer to 80M as predicted from seismic and independent analysis"

"However, an operator at the well warned of "imaging resolution issues"

What does that mean... they made a mistake and there's a larger column?? Is that why they're taking so long to analyse the logs?

Whiff of an inbound RNS maybe...

Agree Amin, waiting on them now... but Calamari, as u can see is doing his best to black tar the company. Wish they'd use one of those bullets to shoot him in the head lol.

But yes, whiff of some positive news and we're off to the races.

Personally I think they're in talks with someone, and still going through wirelines. They'll tell us what the plan is, moneywise or projectwise either way.

IIRC the porosity is very good in the geography of these well locations. They could do a horizontal sidetrack into the NET column to increase proposed production, just like in this video.

https://youtu.be/kj91sfH4fpY

Again it depends on what stages they're in with the other two projects.. For all we know they may have already negotiated a project. Unless they say, we won't know regardless of the B10 scenario.

Kev was probably invested...and again you were probably not, just trolling their bb...again, and again...and again

@Torreaguas, it's very possible. I believe they're evaluating all avenues currently and coming to the best plan forward before they do an interview to confront SH's with the plan forward. It makes sense.

CVN may have a cash balance of 10MIL, BUT have 4 other projects to cater to... ADV may have a cash balance of 3MIL and just this project, and yet to see forward path. In that sense we have a larger balance than them. Not sure why people can't see these basic facts. I haven't looked into it, but I know that CVN have a few projects aside from Dorado to bring to fruition.

And they're not generating any cash as yet, so from their POV it makes sense to save resources.

@BlaimThrower, your post is probably more balanced than their post history on this BB. And I can see where you're coming from, but to constantly bang on the negatives without considering the fundamentals is wrong...again and again with headlining posts in that respect.

You or I have no idea of what is happening behind the scenes, YES CVN are out, (not even RNS'd yet), from interview, but their financial position is in retrospect to other projects they need to focus on. That's not the ADV position. Simple as that.

Again Calamari you're comparing cash balancing of TWO separate entities.. ONE with only one project and another with multiple projects... Again purely misleading or just no research on your part or just too dense to understand this BASIC fact.

Another misconception by you Calamari as the NET could very possibly the same as the gross on final analysis...hence the key word "Analysis" .. Have u not mentioned the porosity?? that's funny isn't it mate... or is it you're just a professional at deramping the stock for your own gains... Another charity worker? pmsl

Lol, you're comparing ADV cash balance to CVN's taking into accounts projects they have under their belts??? WTF lool

Just says a lot about Calamari ... another basher or ramper based on his position...

CVN are the operator for ONLY this ONE project with us.. they've moved on because they're cash strapped and can't afford anymore. It's as simple as that.

We know that LP and board were finalising the scale on the other projects, so I want to hear on the path forward with those projects. B10 is on-going with analysis, fruitful or not.. will be RNS'd.. those are the facts.

People are bashing LP, but based on history and independent analysis, tbh he wasn't at fault... so what he was taking a wage ffs, they all do! Are you looking for a Director who doesn't take a wage??? Good luck with that ffs

He also had his cash invested considerably on this project, must remember that fundamental.

As I've already said..CVN are cash strapped, THAT's why they can't take it any further forward as they still have Dorado to bring to fruition.. THAT is there issue.

So when u were pumping the stock when u bought in, the fundamentals were good enough for you then? You're just chatting utter crap mate.. and u know it! Now you've sold at a loss you surmise, you're here for the benefit of helping others..lol, now I've heard it all. stfu lol ffs