Member Info for dai2belts

Do you change your NOMAD to do a fund raise?
Not saying there won't be a raise

@SGF, stats manipulation, I read on a really bad flu year less than 400 people die purely of flu, those really big numbers are statistically adjusted , all countries do it.. I checked it out too.
Failed to find the official docs 2nd time round, so cant back it up :(
I remember reading about some dog virus which could be vaccinated against, cases increased by 300%, sounded worrying until you checked the numbers, like 1 to 3 cases, maybe not those numbers but it was extremely rare..marketing..

lots more new data :)
Josh put his diagrams in numerical order, instead of ordering by seismic line position which then allows you to visualize the traps moving through the strata.
Also it looks like possibly a number of seismic studies were conducted, as TVZ-2 is positioned in between TVZ-28 & 24

@Skittish, some interesting points about the two legacy wells, both missed their targets, one too shallow, the other totally missed... I wonder if that was because of the quality of the original data which He1 also used to define the first phase....
Page 53(39) talks about interconnected traps and fault seal quality

@SGF, is that the statement from ONS, those stats were compiled up to Oct 2nd 2020, you would think it would be updated as it must be common question ???
Only mentioned Fauci, as its my link to America's meddling... not googling evidence..
But Ukraine was asking for proof of Bidens claims according to media
Sticking with accounting and geology, and by Oct 2nd 2022 we should know if we were being deceived ;)
Corrupt World..

@skittish, did'nt DM says Helium vs conventional gas, same principles, so I assume seismic imaging wise the traps are the same...

@skittish, page54(40) trap extending over both TVZ-7 and TVZ-5 so +25km, about +10km wide page 56(42), crest about 17km from Ivuna along TVZ-7.... Could that be Tai ?

@Latorre No, I am smart enough to know i am too stupid to have responsibilities like that...

Here is some real dirt...from Sky News Australia, so not conspiracy.. shocking...
This guy proves he is an idiot, thinks a pandemic in China is far enough from the US to play safe..still has his job too..

https://www.youtube.com/watch?v=oh2Sj_QpZOA&t=2640s

Thats my last post on world affairs for today..

@skittish, this will interest you...
PDF page Numbers, not doc
page 30(16) Original Seismic Grid, with identifiers
Page 42(28) I believe reports studied lines, not read too much, so could be wrong
page 44(30) is TVZ-5

http://repository.udom.ac.tz/bitstream/handle/20.500.12661/588/JOSHUA%20MAHWA-%20REPORT.pdf?sequence=1&isAllowed=y
Page 34(20) TVZ 7

Unfortunately you cant trust the US and UK Gov, remember the Weapons of Mass Destruction, and apparently the Russians are masters of deception..

Yesterday I was reading an Eastern news article about the break away regions increased military activity, it claimed Putin said the leaders of the region and Kyiv need to sit together and sort it out... Sounds reasonable..

Then this morning
Radio news, Sky I believe, "War in Europe"

Guardian Headline..
Boris Johnson says Russia has plans for 'biggest war in Europe since 1945'

This is the same Gov that said 'Don't think Omicron wont hurt you and your family", "Two vacs wont protect you" while at the same time S Africa was telling the world it was mild, whether vaccinated or not.. Now we are scrapping Isolation if you test positive...

If NATO really is the issue all the West has to do is make it clear that Ukraine will never be a member of NATO to start de-escalation, since they are not members why not, when Putins term finishes go back on it depending on the character of Russia's next leader..

Idiots running the world

@skittish, page 97 figure 6-3, top left siesmic image looks to be Itumbula/Mzizi(page 93), you can see the main SE fault in the very bottom corner.. The dont show the same traps though..

@skittish, I also noticed quite a few round features maybe similar to your mentioned test holes in the image with your red lines, take a look lower left corner, lots of round features, probably jelly pools and jacuzzi with bars :)...

Not looking good...

cbsnews
Russian-backed separatists accuse Ukraine's forces of planning an imminent attack and announce a massive evacuation of civilians to Russia...

AD page 93, show Itumbula, 2 faults lines to surface, less than 1000m apart, which kind of matches your faults widest position, one must be the escarpment...

@skittish, the itumbula possible drill location also looks greener than its surroundings, nitrogen encourages green leafy growth.. I am not a gardener but I believe nitrogen can be taken from the ground, roots I guess.. Might be a clue ...??

The greenest areas seem about your red lines

Friday morning the news was looking good, after lunch it changed again..

I think Boris and Biden are traders, so the news is going to change depending on their positions..
Meanwhile Putin is selling his gold, and raking in oil taxes...
So once his gold has gone he will call home the troops, and buy back his gold....

Typo No error in table..
It was that exchange rate...

@latorre, thanks :)
Been looking at other analyst notes that dont give the share price, so been trying in improve my knowledge so I can understand the numbers.. Thought I understood our note but realised I did'nt...

NAV table page 10, been getting to grips with that..looks an error in the table for risked values..
but I am probably wrong, well maybe

According to our initial note Dec 2020,( long time ago) the NAV sp is calculated using 497mm shares plus 54mm options, so fully diluted 551m shares...(there are another 10mm, at that date but out of the money)

Dollar pound ex rate 14th Dec 2020 0.7502

Now here is an interesting set of numbers, the table on page 22 for Itumbula gives..
Asset Value $235mm
Unrisked sp 32p
Risked Asset $18mm
Risked sp 2p
Geo CoS 10% (0.1)
Commercial CoS 75%.. (0.75)

So working out the SP and what it is, discovery or production( is my assumption good?)
235mm/551mm== $0.4265,
0.04265 x 0.75= £0.3198 :)
....32p

No risk has been applied so looks like this is the price for production..( agree/disagree ? )
Including Commercial CoS 0.75, we get £0.24....

Unless I am wrong, I guess we could use 24p as a guide price for a commercial discovery (back in 2020)..

To get the risked price we need to include the Geo CoS 10% , and Commercial CoS 75%
Using pence
32x 0.1 x0.75= 2.4p (rounded in table, as it states 3+2+3=9)

Double checking using Unrisked Asset $235mm to Risked Asset $18mm
$235 x 0.1 x 0.75= $17.625mm
to GBP
0.75x17.625= £13.21875mm
13.21875/551=£0.024, 2.4p

That exchange rate being same as Com CoS, had me good and proper...

EnergyGeo highlighted 2 risks...
This one sticks because its how it played out...

" I've reread the section on the seismic reprocessing and I'm not surprised that you are struggling to read or understand it, its full of advanced geophysics. So I'll keep it simple. The reprocessing of the seismic has re-positioned the top of the reservoir. It has also done the same to the seismic imagery immediately above the reservoir. Some of these events are distinct and mapable markers on the seismic and will have target depths. If they are distinct lithology breaks then they can be picked easily and should be able to indicate if the well is on prognosis or not. Now the not so good news. I think all the key markers that they will look for are from the top of the Echuca Shoals formation which will be encountered just above the next casing point. I'm not sure that Carnarvon will make any mention of this in any press release though. "