Member Info for Brombarb

13:32 that was notice of spud (when the drill bit hits the ground).
Spud was 2nd March
88 Energy confirms that the Charlie-1 appraisal well commenced drilling at 0600 on the 2nd March 2020, Alaska time.
so day 1 was the 2nd.
3rd 2
4th 3
5h 4
6th 5
7th 6
8th 7
9th 8

Take a look at some well data and see how it is reported.

13:11 I have actually read rules ASX 3 & 5 and about the only thing DW has no choice on is a "material hydro-carbon discovery".
The company has a lot of discretion as to when and how much it reports, whilst still staying in compliance.
But none of us knows how the company will release information for sure, do we?

spudding notice to first op update
Winx 4 days
ICW#2 7 days
ICEW#1 6 days

We are now day 8

11:09
although first reported shows at Malguk between 4700' & 5000', I have seen no confirmation in feet of our targets so its difficult to be sure.

11:11 which post are you referring to? :-)

we are now on Day 8 (~ 03:00 hrs ALK)
spudded 02/03/20 06:00hrs

For Reference
Malguk-1 Day 8 3831' 06:00 hrs (after casing, cementing & BOPE installation and test between days 3 & 6.)

winx commenced drill 15/02/2019 15:15hrs
int. primary targ 25/02/2019 --- 4500' and on Day 9-10 days

Malguk-1 06:00 hrs Day 9 4420'

10:17 "I think" it's either a fact or not! :-)
27/01/16 0.29p
17/03/16 3.9p
closing prices from London stock Exchange not the highest or possibly lowest achieved.

history during spuds has never been a straight line up even if conditions are very different at the moment, even if we had Saudi oil impact late 2015 early 2016.

IceWine #1 23/10/2015 - 24/12/2015
Icewine #2 25/04/2017 - 10/07/2019 (initial shut In)
Winx 17/02/2019 - 12/03/2019

https://londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary-chart.html?fourWayKey=AU00000088E2GBGBXASQ1

perspective 20/21 AIM watchlist shares in the RED, only one that is not is not trading!
all my "big caps" down except for except for Tesco.

47.5M (0.67%)

0.018AUD = 0.00901653GBP

ASX(close)
1.8¢ 14.3% down
Volume33.49M

Chi-X (close)
1.8¢ 14.3% down
Volume8.114M

Well this well is like any other UNIQUE.
It is not an unconventional science well as Icewine #1 & #2 positioned on basis of 24/7 gravel pad as much as anything.
It is not a well that was positioned by OEL ( not sure how many drills they are the analyser / operator on these days) based on older seismic analysis - NOT modern inversion.
Charlie-1 is an appraisal of an existing discovery that has historic well data and cuttings*, modern 3D, with modern seismic inversion, that data will have also been cross checked by PMO and felt worthwhile enough to invest US$23M into the venture, couple that with the fact that two non exec directors of PMO have BP Alaska experience (not sure how much) but mentioned in their half year webcast last July and so I believe we should be optimistic.
Nothing is guaranteed in this life but I am appy.
Big caveat I am not an oilman like GarryM or one or two others here, I can only go with what I have researched and read.

* actual data gathered from Malguk-1 and other regional drills will make our seismic inversion analysis more likely to be accurate.

Seismic Inversion see Sep,18 presentation
The principle objective of seismic inversion is to transform seismic reflection data into a quantitative rock property, descriptive of the reservoir
https://www.slb.com/~/media/Files/resources/oilfield_review/ors08/spr08/seismic_inversion.pdf FEB, 2019
https://www.geoexpro.com/articles/2014/06/a-simple-guide-to-seismic-inversion Feb 2019
https://csegrecorder.com/articles/view/seismic-inversion-the-best-tool-for-reservoir-characterization
https://www.youtube.com/watch?v=0u7A00hDWZw
https://www.iris.edu/hq/inclass/lesson/seismic_inversion

http://88ewiki.wikidot.com/premier-oil-plc

Malguk-1 first shows detailed at 4695' - 4970'
Schrader Bluff above SeaBee which on geological markers is at 5060'.
But Malguk-1 certainly not optimal position for Schrader Bluff.
http://dog.dnr.alaska.gov/Documents/ResourceEvaluation/20181213_BrookianTopsetStratPlay_PetrolSysElements_AGS.PDF
slide 10

WAa expect an increase in newspaper sales, avoid the glossies!

19:51 Not changed my opinion, we are in the oil business and POO affects us in many ways not least investor sentiment.
It only the narrow minded and contrary(polite) folk who argue otherwise.
Brent at $70 plus would be great.

16:45 we are not a producer so why would it affect us ?

I await the answers from those who think oil price is not "material" - :-)

As LeMajor might state "smoke & mirrors"

Last 5 trades 06/03/19
16:28:34 06-Mar-2020 1.07 GBX 10,000 107.00 Off-book AIMX
16:26:54 06-Mar-2020 1.06 GBX 940 9.97 Off-book AIMX
16:20:08 06-Mar-2020 1.07 GBX 354,756 3,795.89 Off-book AIMX
16:19:42 06-Mar-2020 1.07 GBX 135,000 1,444.50 Off-book AIMX
16:19:18 06-Mar-2020 1.06 GBX 25,700 272.68 Off-book AIMX

last 5 posts 05/03/20
16:35:04 05-Mar-2020 1.15 GBX 17,000 194.82 UT AIMX
16:18:51 05-Mar-2020 1.07 GBX 1,000,000 10,730.00 Off-book AIM
16:21:06 05-Mar-2020 1.06 GBX 870,410 9,208.94 Off-book AIMX
16:22:54 05-Mar-2020 1.06 GBX 1,377,914 14,578.33 Off-book AIMX
16:28:23 05-Mar-2020 1.09 GBX 45,096 492.00 Off-book AIMX

15:40 is that a serious Q :-)

19/21 on my AIM watchlist are in the RED that is not normal trading pattern but will always be exceptions.

sick bags may be in short supply, although the airlines may have a lot of spare stock!

The Q was about what happened with SP during drills and I suggested that TD should take a look at what did happen and where he could view if he wanted to know.
In current market conditions anything could happen so history is possibly not a reliable guide, but that is for people to make up their own minds.