Member Info for dai2belts

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PANR up 20% ?????

@Latorre, are you MW. lol

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Its hard to tell what the price will do, not sure 8p will come soon, well not sustained...
We also need to watch AEX for rig news, DM seemed to be making excuses on the timelines, or lacks certainty.
Nearly forget, that drill wont take any where near a month, taking out other activities such as setting cement etc I estimate drilling time will be about 5 days to 1200m.. I will find the info to back that up..
So I think many will be out by spud, starting from mobilization depending on how long to spud..
So I wont be holding during the drill..

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Well thats easy, which one is likely to be delayed until the dry season, just needs to slip one more month from Feb/March
to March/April..maybe April/May..
So Whats the chances of another slip for He1, and 88e hitting your price target before spud, then jumping back to He1..
You can even split your money starting two permutations, of 12x50%....or simply hedging 88e against He1.

Concern here is DM has not said the rig has been contracted, and we know AEX are looking to drill March, and need a rig.
If AEX nipped in, have cash, and you have a rig for hire what are you going to do, I doubt that MOU was binding, not for a company that likely needs to raise cash.. He1 can wait, if they still want the rig..could be the slip.???
Both being in Tanzania is great for the rig owner
Also down to $5m by June, thats before the Predator fiasco, and the spending there(unkown as usual)..

Watch him fast track the drilling time table slide. spends just 30 seconds, talks first gas?

https://www.youtube.com/watch?v=CLhAwmGlCos&t=851s

@Gogs, he is probably holding out for the Predator, its got to be a lot cheaper....lol
The guy is just not straight with us, simple as that..he is looking after the share price, cant fault that, if I was wiser and smarter... Still learning..

That cash,
I know of two companies that licences over lap the same prospect, the one is testing now, having to clean up the well..
The other has executed the rig contract for coming feb/march, and is known for multi-bagging, but not always.. and really does get the drill turning, right size too. There will likely be a fund raise, already been some funding to get things moving....
So if the other is a commercial discovery, then surely the other companies well is no longer exploration, and the chance of it multi-bagging is on....
Probably will been done before DM gets the Predator.....lol

@Deano, more disappointment in myself, had it right, and an option to get out about 12% down, and to buy back cheaper..
Fell for it again,

Presentation
https://www.youtube.com/watch?v=CLhAwmGlCos

@Gogs , Drag Queen, Nov, Dec, Jan, Jan/feb, Now FeB/March

I watched on small screen so could'nt see too good, Tit has got me again..loaded up for Jan, foooker, he is class ,,
He talked about Q1, and not long to first gas...

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You could see a jump, with a supporting RNS like Mag Mel..
I think the two top guys are playing the game too
For the extra funding they sold their share options, 8p as a back to back loan for the funding..
They get their options back at 8p, sounds like they are good guys..
They are also getting interest, based on something like +3%, on the overnight rate ???
RNS does not say if the interest is daily or at end of loan, but its based on an overnight rate ????

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PRD, in the graph that placing was 15p, you see the price clip 14p low, the Mag Mel concept spike to 17p.
That was just a concept, does'nt warrant 3p, timing is also odd, big drill in Morocco and you announce a concept in Ireland, odd... Very small team so thought the would be focused on the drill

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PRD, sounds like there will be MOU-3 next year.
Last raise, just 1.2m included some long lead items for it..
CEO has set real massive expectations exporting gas excess to requirements to europe,
Mou-2, start of gas sales if discovery, then MOU-3 creating excess to europe, Mou-1 was a failure, over pressured...
The formation they are drilling, the faithful believe to be huge...s

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@Tro, you shouted the bottom Matd, sub 2p, but its still up in the air
QBT is on a run, up again 30%
TOM is going to be on that news ....

PRD, last drill the price started the down trend from mobilization, down more on spud.
This took some finding, I need tags
last PRD drill
https://tvc-invdn-com.investing.com/data/tvc_b48f6d1f196d8a1ed5c3d8a1f9389cf8.png

Me chf, check vid,

Bankrupty, missed your post Soz,
My orders rarely seem to execute, I have missed a few highs being out, worth doing the order just in case it works..
Holding is turning into a bad lesson..
ALL had a presentation last night on LSE

Cheers

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Dont post in, to keep tidy
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So next year
2023 H1
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Q1/2
He1 Q1, Jan/Feb
Matd Q1, subject to Rig Availability, no access issue this site,(needs checking out)
88e Q1 Feb/March
Aminex, scheduled March,
UOG H1 2023 Turkey, Basur appraisal well, need to check Boe Estimates
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H2
Q3, LBE, Rig booked(20% interest)

QFI Msc Trial, POC, then Full Trial, looking for Dec signing papers
Test Ship, purchased, booked for Dry Docking End of 2022, delay ??

Boil JV, East Timor, should do x2
TRP Cameroon, requires funding

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88e Rig Contract

– RIG CONTRACT EXECUTED
Rig contract executed for drilling of the Hickory- 1 exploration well
Permitting and planning remain on track for scheduled spud in late-February / early-March 2023
Hickory-1 designed to appraise six key reservoir targets and 647 million barrels of oil

https://www.asx.com.au/asxpdf/20221207/pdf/45jjs34n9csckx.pdf

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TXP forecast approximately 11,500 boe/d (9,200 boe/d net).
Now there is the upside................
Construction of the Cascadura surface facility and associated infrastructure required to bring production online from the two existing Cascadura wells is in progress. Once production at Cascadura is online, which the Company anticipates will be by the end of the first quarter of 2023, initial gross aggregate natural gas and associated liquids production from the Cascadura-1ST1 and Cascadura Deep-1 wells, based on previous well tests, has been forecasted at approximately 11,500 boe/d (9,200 boe/d net).

Is Coho is an extra 1200boe/d,another location ?

Touchstone recently completed the development of its facility at Coho and announced initial natural gas production on October 10, 2022, with the Coho-1 well delivering average net natural gas sales of 7.3 MMcf/d (approximately 1,212 boe/d) over 19 operational days in October.

Lol, I dont know where it will be, its AIM, thats why sometimes you win other times you lose..
Only yesterday it looked like it could be 9p today, especially with the interview on possibly pushing for 10p, but tomorrow I will be happy to see 8p again.. But it might reach 10p before a raise.. I dont know..

So if all in after the suspected raise, hoping for a better price, maybe 6p, maybe 8p maybe 10p,..
What stage are you considering getting out?

That formation they are drilling extends from Poland to the UK. produces in Poland and Netherlands..
I believe its a new drill for the N Sea area, so if its a discovery there will be more tapping into that..
Might be worth buying if it gets to 2p before christmas, and hoping for a new year pump ..

I am no good at the charts, just tend to add events, and look at trading patterns to see how the share price behaves for different companies during spuds, you the experience without loosing your money..

The other interviews just highlighted how cagey DM was, as long as we get to the drill stage,I suspect he will use some form of media to support the share price at Mobilsation, and Spud if it drops too much, the trouble is that drill should hit TD 1200M its days not weeks, Might be worth checking PRDs time to TD, and depth.. I suspect it will be over in two weeks..

DELT, thats a difficult one, just wondering if buyers are lining up, and watching, or have moved on like happen with EOG.
Looking at the Chart people have been buying and selling the peaks from August-November, almost 4 months, getting in end of July.. So probably finished..
Christmas also, so I guess slowly traders are taking time out
Could be one last blip. Dont Know

Matd, sounds like they have a drill Q1, with no access issues, but dependant on rig...
Need to listen again, as that share is already moving..
I have my EOG shares that need to almost double, was planning on putting them into 88e, especially if PANR is a commercial discovery, over lapping formation, so could be classed as appraisal imo ;)

@DD13, better not be 12p, I missed 5p, lol
Are the interim results obligatory?
Its just December, end of year, time to consider the annuals and we get thrown the summer interim at the start of a breakout..??

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See UOG in the Blog, got that one down for a spud, seems a tricky one to predict..
https://invst.ly/zre0d
On a bottom tooo
Basur appraisal well 2023 H1, exploration well