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It feels like it's Opposite Day with these guys. Initially, we said we'd never go to production - we'd sell it long before then. But now, we're moving ahead with production. We were told we wouldn't need to raise money until we actually did. We're in talks with Origin, but it ends up being sold right under our noses.
Around the middle to the end. AU talking about Tambo results and BS investments really positive. https://www.raasgroup.com/live/asxeeg-empire-energy-group-raas-interview-8-april-2024/
Https://www.finnewsnetwork.com.au/archives/finance_news_network458896.html. Maybe good one to listen, since it is about betaloo
For a while, POQ maintained that they wouldn't proceed to production and would sell well before reaching that stage. During one of the calls, POQ expressed strong certainty, which seemed unshakeable. However, the situation has shifted, and now we're moving towards production with the possibility of a sale down the line. Most long-term holders (LTH) likely invested under the assumption of an eventual sale, rather than seeing the company go into production. With another two years until production, investing in the company at this stage might seem like a lengthy commitment for many.
Looks like we're seeing some solid buys going down! Any takers on why folks are jumping in so early? Flow rates are coming up in about three weeks. Is it just FOMO, or do you think there's something big brewing, like a possible buyout?
Here are another view from the same satellite but different dataset you will notice that flare is much bigger here, too many variables to really have good estimate. Other then it looks good :) https://apps.sentinel-hub.com/eo-browser/?zoom=17&lat=-16.84118&lng=133.65143&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2024-02-02T00%3A00%3A00.000Z&toTime=2024-02-02T23%3A59%3A59.999Z&layerId=6-SWIR&demSource3D=%22MAPZEN%22
I believe that when observing the flare, the cloud cover typically obstructs visibility. My assumption is that the clouds are close to the ground, creating a fog-like environment where the flare is burning, and the light reflects off the fog droplets that is why we see it so clearly. Additionally, there seems to be westward wind on the right side of the flare creating flat spot and make flare appear to be shifted west from it is original position. Infrared does not pick up since it is blocked by fog. Anyway cool pick! and I honestly do not think anything else on the ground can crate something like that
This year is shaping up to be a game-changer for everyone in Beetaloo! Tambo and Empire are gearing up for preproduction, and both are eyeing full-scale production. I've got a good feeling about Tambo's current well – you know, the one that really put Beetaloo on the map, so messing up this one will take some doing. I remember reading an article about it somewhere. It's exciting to see things finally coming together!
Origin 2016 Oct 31 : https://apps.sentinel-hub.com/eo-browser/?zoom=18&lat=-16.34698&lng=133.88379&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2F42924c6c-257a-4d04-9b8e-36387513a99c&datasetId=S2L1C&fromTime=2016-10-31T00%3A00%3A00.000Z&toTime=2016-10-31T23%3A59%3A59.999Z&layerId=6-SWIR&demSource3D=%22MAPZEN%22
Tambo 2023 12/24
https://apps.sentinel-hub.com/eo-browser/?zoom=17&lat=-16.84009&lng=133.65183&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2F42924c6c-257a-4d04-9b8e-36387513a99c&datasetId=S2L1C&fromTime=2023-12-24T00%3A00%3A00.000Z&toTime=2023-12-24T23%3A59%3A59.999Z&layerId=6-SWIR&demSource3D=%22MAPZEN%22
In my amature review of the flares using satellite images, Smallfish measurements could be based on heat signatures. The visible size of the flare, around 10 meters at most, often appears as just one pixel on the screen.
What's interesting is that the heat signature can provide valuable insights into the intensity of the flare's burning, offering clues about the gas well's production. If the flare appears more red, it indicates a lower temperature, suggesting a rich fuel mixture. On the other hand, if it shows shades of pink or yellow, it signifies higher temperatures and a leaner burn with less fuel.
Although frac job was relatively small flare size comparable to what the Amungee well produced during Origin's operations, My hope, heat signature to stop growing, transitioning to a more pronounced red, which would imply improving flow rates.
Falcon for me was despoilment. Looking back I think when POQ sold his shares was the clue for us to get out. True CIO who believes in the company will not do that regardless of circumstances.
Https://www.youtube.com/watch?v=CPwc9ZGd5eE
Great interview