Member Info for dai2belts

What's fuelling the rise, and what type of miners ?

I was thinking about the increase in silver funds

Https://www.goldenstatemint.com/blog/samsungs-silver-solid-state-battery-technology-1-kilogram-of-silver-per-car/

Alaska, 2017/18 US$3bbl

Page 3

https://announcements.asx.com.au/asxpdf/20180123/pdf/43qzpc616f58vg.pdf

Putting paragraphs in wrong order totally changes context...

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16-2LN-CC(Northern) 2021/22 ish

Production test: Rate constrained average of 716 boe/d with peaks of 1,083 boe/d – all with very limited pressure drawdown

Modelling suggesting the well is capable of production plateau rates of 10 million square cubic feet of gas per day and 500 bopd of liquids (average total of 2,000 boepd).

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Paradox, White Sands, Cranes Creek Formation

Next drill 16-2R lateral,

"proposed length of the extended lateral is expected to be 5,500 feet "

"estimated ultimate recoveries ("EURs") FROM THE WELL, following completion of the extended lateral, are as high as TWO MILLION BARRELS OF oil equivalent ("boe")"

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16-2R 2nd test 2024 . 130ft section

· Peak production rates achieved during the second test were over 2,100 barrels of oil equivalent per day ("boepd"),

o AT THE PEAK production rates in the second test, condensate/light volatile OIL REPRESENTED APPROXIMATELY 510 BOEPD,

==================

16-2LN-CC(Northern) 2021/22 ish

Modelling suggesting the well is capable of production plateau rates of 10 million square cubic feet of gas per day and 500 bopd of liquids (average total of 2,000 boepd).

Production test: Rate constrained average of 716 boe/d with peaks of 1,083 boe/d – all with very limited pressure drawdown

=====================

Paradox, White Sands, Cranes Creek Formation

16-2R 2nd test 2024

· Peak production rates achieved during the second test were over 2,100 barrels of oil equivalent per day ("boepd"),

o AT THE PEAK production rates in the second test, condensate/light volatile OIL REPRESENTED APPROXIMATELY 510 BOEPD,

==================

16-2LN-CC(Northern) 2021/22 ish

Modelling suggesting the well is capable of production plateau rates of 10 million square cubic feet of gas per day and 500 bopd of liquids (average total of 2,000 boepd).

Production test: Rate constrained average of 716 boe/d with peaks of 1,083 boe/d – all with very limited pressure drawdown

Modelling suggesting the well is capable of production plateau rates of 10 million square cubic feet of gas per day and 500 bopd of liquids (average total of 2,000 boepd).

Better correct that, Peak liquids did'nt seem to increase..

But its q4/q1 drill in a proven reserve, could be plenty of interest if not many other oilers are drilling during our winter

1st test..

· Peak production rates achieved during the production test were 1,350 barrels of oil equivalent per day, at which level the well was still choked back and constrained.

o Condensate yield averaged 180 barrels per 1,000 mscf produced and PEAKED AT OVER 600 BARRELS OF CONDENSATE PER day.

======================

2nd test

· Peak production rates achieved during the second test were over 2,100 barrels of oil equivalent per day ("boepd"),

o AT THE PEAK production rates in the second test, condensate/light volatile OIL REPRESENTED APPROXIMATELY 510 BOEPD,

======================

No average, talking boe vs barrels...

But looks like liquids(the money maker) did'nt increase on the 2nd test while gas did(just few $/mcf)

Zephyr's forecast gross debt is expected to be circa US$30 million., worth remembering

Could be anything, 3 sells, at the end of the day prices vary over a range..

For a while I have suspected trades can be outside of the displayed spread, maybe anticipating the next days prices, and why not...

Sure the drilling of that well got the price up to mid 5s, and now they are going at it again, with no further dilution... likely to be a winner from sub 4p

Not sure how, before the last drill the sp dropped to 2p, but maybe that was raise speculation..??

Heron 1 originally flowed 800bpd peak, averaged 200bopd.. all naturally flowing

This time Heron has been hydraulically stimulated,

Blooming dog deleted my post, has a knack of pawing shortcut buttons that makes things disappear, some how opened the developers window..

Reference to 3D comes from 2022 analyst note, then feb '23 raise..although raise doc gives no details..

There is a base and enhanced recovery model, 30mmbls(up to 5000bpd) and 60mmbls(9000bpd)

Apparently the enhanced achieved using advanced techniques such as radial, fishbone, and/or horizontal drilling, base using stimulation such as hydraulic fracking.. So looks like enhanced wells come later, and that is where the NAV makes a big jump as I guess it will significantly reduce the number of wells needed..

One early doc talks about 32 wells, another later talks about adding 5 per year while BB currently talks about 10 wells

Mention of water injection wells too, not sure where the water would come from, I guess from the recovered liquids and not the herders fresh water

I guess they drilled Gobi to increase the assets value, as it was suggested those wells could be tied into Heron

I see Gcat have been issuing shares during suspension but looks like the share listing is subject to the prospectus

Some unusual trades

Date Time Trade Prc Volume Buy/Sell Bid Ask Value

09-Oct-24 16:22:32 2.385 452,411 Buy* 2.30 2.40 10.79k O

09-Oct-24 16:20:33 2.385 454,717 Buy* 2.30 2.40 10.85k O

09-Oct-24 16:18:38 2.3888 456,087 Buy* 2.30 2.40 10.90k O

After seeing those sells way above Ask on Char yesterday, that suggest the MM can trade their books as they please

They need to do 3D seismic to help locate the next wells, 4th onwards...

So maybe seismic before the drilling season starts....

Anybody know what the stimulated rate is hoped to be in order to reach max recovery ?

Could be people are gambling on winter shutdown coming first...and maybe another raise..

But if that stimulation works well then that should add plenty of upside..just need to find out what enhanced flow rate they are hoping for

You are sharp spotting that..shows NOMAD and book runner are not working together..

Suspension the day before shares were expected to be listed.. , as its suspended from trading can new shares be listed ?

Two dates too

90,000,000 New Ordinary Shares and 267,142,857 New Ordinary Shares will become effective on or before 8.00 a.m. on 10th October and 18th October respectively ( the "Admissions").