Member Info for Bladey

1. Evaluation of current wireline logs by ADV to let be known forward path for this well.
2. No statement of abandoning and plugging the well
3. YES, CVN may be out, but remember that's only because they've Dorado to work on. They're also not generating cash yet.
3. LP said there were 2 other projects they were closing up on and a third they'd disregarded.

I'm not ramping, I'm invested and bought a few more in the 65 range, as if they do announce a positive forward plan for this or other projects, then sentiment will change here very fast and I won't have the op again.

I've never deramped a stock.. if I feel it's no good I'll move on without commenting. Which makes u wonder about all the slummers crawling out and bashing the stock without outlining not only negatives but any positives also.

Spike has a history of bashing on BB's or ramping as per his agenda.. he's well known to do this as are others.

Spike u got in later than everyone else.. traded the stock and now just purely bashing the stock now for your own reasons...either to support a short or want to buy as low as possible. That's clear to see.

You've mentioned no positives in any of your posts... the other projects, the Independent analysis of B10.. you're purely focusing on supporting your own goal. You're not invested, so why you hanging around?

Wondering if it's viable as a smaller operation for B10 and they could sell the asset for someone with the funds to take it forward and we can use the cash for for next prospect.

Well I'm still waiting for LP to tell us path forward with this well or the other projects either way that were contemplating. Yes they'll have to raise cash for the new projects to take forward... and we don't know how far along they've got into with the other projects.

I have watched some serious large buys go through, so wondering if they're going to announce new project soon and people are buying on the cheap. If they do announce forward path with another project, it'll be a great price to buy more in.

They already have another 2 projects that they were advancing on...so waiting on news on that front.

And yes, they get JV with someone else to sidetrack this well... partner would have to bring in the cash to carry on further works.

If they relinquish for free, as that would make sense as it's worth it for them anymore... we may have the cash to sidetrack then on our own.

Think Calamari has a massive short in play here... he's banging on just the negativity since yesterday!

ADV can buy the rights for cheap from CVN now and be 100% owner and then raise a small amount to sidetrack if needed. All is not lost. CVN just can't be bothered because they have dorado to fall upon.

Sidetrack would be successful as we know the column is there and if the NET oil column is big enough to sidetrack into, it'll be a massive turnaround. In fact I believe multiple sidetracks from one well are possible iirc.

Have to agree with Tonnacombe, I believe the reason they haven't abandoned and plugged the well is because they're evaluating results and seeing whether it's worth the sidetrack. If the Porosity is good and oil flows well, then a sidetrack could be very beneficial and commercial.

They'll announce when evaluating with CVN is done.

This is how it will go: They'll interpret wireline logs, also they'll get a better view of what's down there from logs and any other test they can carry out.. and then relay the path forward with the well. Hence I believe there's not been an interview as yet as Canarvon will be in on the assessment of results. When they've ooh'd and aah'd about it, they'll let us know.

The well has NOT been abandoned despite what a lot of fools on here are saying or trying to say... People I've never seen on this BB.. who've surprisingly have crawled out from the slum..

I would think they're currently evaluating wire line logs before doing an interview.. Else he'd be doing two. I'm sure he wants to confront share holders with full forward path.

Options I see are this:

Rig is still with us, so they'll be evaluating the wireline logs to see what they can do with this column of oil depending on porosity.

The well has NOT been plugged and abandoned as per a normal duster RNS which leads me to believe they have plans or are evaluating plans for the well, whether that means sidetrack or drill further.

JOG was a prime example where I was invested, (albeit sold early), shot way up high after an evaluation and sidetrack.

Cash may be an issue, and I'm sure Peterkins will surmise thru an interview on that.

We still have to wait on other assets and not sure state of play there... as that was all behind the scenes, but they may have already struck a deal there.

Exactly my view, Well has not been abandoned, despite what a lot of "New appearances" from crawling out under a rock are saying.

As i said earlier, will wait for CEO interview as there is bound to be one to see what will happen now with this well.

Personally I think they WILL drill further ...like I said, No mention of closing and abandoning of the Well as they would normally say on a duster.

They're prob evaluating they're position and then decide what to do..abandon or drill further

Yes Sorry Investor81, genuine mistake... as I was reading through their RNS's at the time. The fact that they're not abandoning the well currently as they would normally state is still left open to interpretation.

The rig is now setting and cementing the 9 5/8" casing before drilling ahead in the 8 ½" section hole to a planned depth of approximately 3,500 metres MD.

So they're defo continuing the drill... why would you? In all honesty I believe they want to encounter the column they've read from their survey. Like I said... it's not a duster RNS in which they would state "closing & Abandoning of the well".

Can you imagine if tomorrows RNS states, we encountered the column just a little further down closer to TD! In which case this will rocket up.

Don't think they would re-drill as they're already in the optimal position.. but drill further. Re-drill maybe if they'd encountered problems with this drill... but its been a clear run without any problems. So IMO, just a case of drilling further to encounter a larger column .

What interested me was no mention of closing and abandoning the well, which is what you normally get on a duster rns, therefore I'm expecting them to drill further to hit the target.

I still think there's lot of oil down there DBD, maybe at target depth they'll encounter what they're after. After all the seismic interpretations can't be that wrong. IMO