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Enough of the shiny photos, enough of the jam tomorrow and enough of the last 5yrs.
This is it now, big tick tock.
They will know the pressure of mama earth in those pipes and I expect The 5milliun therms will be exceeded in 3 Days time!!
These companies always underestimate the output to make the RNS look better.
PR people need to get working else it’s 3km of scrap metal. Smiley George is the only one smiling, bit like that Boris bloke and his mate Rishi. Oh how they like to spend other peoples money on a good party too!!
I apologise for my hissy tantrum, I am not trading. This drop would be good for me if I was, but I have high long term hopes, I need 37.6p to patch up my losses & break even from other bad trades.
Let’s put that down to having balls of feathers and not of steel :-)
The BOD would have been fully aware of the weather forecast when they posted this on 25th March:
Mobilisation of the NH9 rig to the Jade well drilling location expected to be on or around 27 March
· The Jade well is currently anticipated to spud on or around 2 April
Where is the BOD integrity? How can I trust that?
Message to BOD: “I’m not The Rock”, I didn’t say anything about Mrs Smith”.
That’s a heck of an admission. Taxi journeys can be traced you know.
To answer your question though, there are 4 nearby discoveries, an oilfield and a gas field. The 41% risk is very high for exploration and I think it should be higher. Source rock is 100% guaranteed (proven). , reservoir rock, trap and migration Are also proven in the area so everything is working.
It’s not proven at the jade place so it has to have a lower risk. This is my life-changer - I started with £7500 here and I’m in for the ride. Just over £2k!!! Up now,
42%, looks like it’s from an equation that multiplies this,
1. A reservoir rock where the petroleum can accumulate
2. A trap so that petroleum is retained in a reservoir
3. A source rock containing organic material, which can convert to petroleum at sufficient temperature and pressure
4. A migration route that allows the petroleum to move from source to.
The expression for the chance of geological success is then:
Pg =P1*P2*P3*P4.
Page 10
https://core.ac.uk/download/pdf/154672038.pdf#page15
Big feel good vibes here, the company have worked hard & honestly for shareholders for many yrs and I get the sense that the hard work will be rewarded with spud news and gas sales news.
Good feeling that EME is the AIM diamond in the dust, 35p before result is a low case estimate - I think it’s EMEs turn to fly.