Member Info for Desmond45

Why didn’t Dave give us shareholders a nice 16% discount 20:1 open offer?

Dave loves to strangle the golden goose

Game changing company in the making.

Looks like people are piling in due to the strength of the balance sheet IMO.

MMs walking it down to increase their supply. Tiny shares in issue relative to other Oiler’s - this will motor.

Wow. This well looks like a monster.

Good day on ASX. 1.4p inbound?

A$15.9m in the bank. Next quarter outlay of A$1.85m. Balance sheet looking healthy - mitigates risk of any cash raise on pre drill SP increases.

Anything beween 0.3 and 7p i reckon

Predetermined events? Perhaps, but they’re not necessarily nailed on. O&G is notorious for delays. Permitting, weather etc. Every milestone reached removes a seed of doubt for investors that the prize may not come to fruition.

When the ice road is built and the rig is on site without malfunction there is less risk, compared with the day on which Charlie-1 was announced. Remember we are drilling in a tricky part of the world at -50C.

Once the 1.4 resistance is broken this is going to pop. The next RNS (imminent) will be to confirm that the final permit has been approved and that all systems are go. Lets go Davey

Pbody. You chat an insubordinate amount of ****. Filtered!

Nice place Bridport. I remember logging the cliff faces at west bay back in my university days. Good times.

Looking like this is going to motor. Directors were happy to buy a substantial amount at 0.9 which illustrates confidence. Current price is a steal and I’ve topped up accordingly. Good luck

Unable to buy any decent volume on II with a dummy trade. Leg up incoming. GLA

Charts indicating a rise today

Hi Brom,

I spoke with Dave about whether we are flowing testing the HRZ.

He said there is no point as we need to understand the parameters of the formation first.

A bit of a retrace is a healthy thing, ahead of the next leg up!

Mr B, I would temper your optimism slightly, even SS has admitted that all the zones will not come in. Not sure we’ll get an update on the ice road either until the final permit has been confirmed. Good luck

Well said Brom. I have to say the old Malguk-1 drilling logs are compelling to say the least, the high proportions of sand/silt as opposed to ductile clays observed there and in nearby analogous wells should make Charlie conducive to stimulation. Charlie-1 is a close proximity step out and encountering oil is pretty much nailed on in the Torok. Any other horizons are a bonus for me as they are being intercepted in suboptimal locations. It all comes down to the reservoir quality. Microscale clay coatings (to be expected in turbidite sediments of Brookian sands) of framework grains inhibit quartz overgrowth during diagenesis (and ultimately preserves porosity as the quartz can’t grow into the micropores). I for one am looking forward to this drill. HRZ data a bonus - if the thermal maturity window produces volatiles (rather than bitumen)in this location as prognosed, coupled with Iran/USA tensions it could potentially push the oil price higher and be the perfect storm for a conventional + unconventional bonanza. Would lead to Premier farming out Area B, a horziontal well at Charlie-1, and the farm out of HRZ.

P.S Oil man Jim is a tit

D45