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torok 3 looks like it could be better than 5 from the 3D

Not forgetting Horseshoe is from Nanushuk 3 so we could have hit oil at 5/4 and 3!

That is correct
But we don’t know what they hit for sure do we?
The RNS May have been all The Nanushuk but it was likely only a section of it so we await what was in the rest

Factually wrong
They found oil likely to be on lower end of being commercial st some point in Nanushuk
We are at best unsure how much more of the Nanushuk we’ve left to drill.

So you are pretty much bang wrong really

You can’t bet anything on it. The market is closed and I am speculating what it may open at given an oil strike

If they have hit oil in say N4 and it finishes up 150% in Australia, will it then open up here 500% up???

They are drilling very fast, almost like its through water...
But they will be through all Nanushuk now if they weren't already so should be able to tell us that asap and put us out of our misery

Spike
It is ASX rules to RNS every time someone has a piss do they RNS every oil show and every gas the come across the whole way down. Continuous disclosure

have a look at page 13 of this
http://clients3.weblink.com.au/pdf/88E/02070754.pdf

You can see N5 is expected at 4520 to 4550 area
N4 is expected 4610 to 4670 area

The have RNSed an oil show from 4,460’ to 4,530’

This could either be above N5 or be N5 but it is not N4

Given that this zone has likely commercial oil and N4 is looking better then its improbable it would have any HC shows AT ALL to tell us about. Therefore i conclude that this RNS is only about N5 or above and not N4 and down. Which will come on monday and could very well bag us back

Massive big black line between the N5 and N4 certainly looks like a seal.

fake tweet nothing to do with it but they have to RNS every oil show. They RNSed the first oil show they had that wasn't great, equates to N5 and drilling deeper. N4 is deeper

Also if you look at the 3D there is no big black line to cap N5 oil but there sure is for N4...
Also looks like we were slightly off the red sweet spot in N5 but smack in the middle of it on N4 which will now have been drilled through.

Could still have a massive amount of oil

ve looked at this a lot now
The RNS says "Oil shows have been observed whilst drilling in the Nanushuk"
They didnt rns no oil from SeaBee live, they've RNSed the first oil show they had that seems to equate nicely to N5 formation given the depths. I think its entirely reasonable that they've not hit N4 yet

"The forward plan is to continue drilling ahead to target depth ("TD") to test the deeper objectives"
This does not say lest the Torok or secondary targets, just deeper objectives. N4 is clearly a deeper objective as indeed is Torok

Also they are way ahead of the drilling schedule to even get to N5 let alone N4 and also so have analysed both N5 and N4.

So i think there is a very good chance that this oil show is literally the first oil show and they've RNSed it and its from N5 with N4 and Torok still to come.
Still could be vast amounts of oil.
Poorly worded RNS hasn't helped the PIs

Also it occurs to me that its improbable that if this level was N5 (as the depth would suggest)and it has likely poor quality commercial oil then N4 wouldn't have had any oil shows whatsoever over its entire thickness?

This again leads me to believe that we are not there yet and this was literally just the first oil show so RNSed like EME RNSed every fart of gas from every single level

Also it occurs to me that its improbable that if this level was N5 (as the depth would suggest)and it has likely poor quality commercial oil then N4 wouldn't have had any oil shows whatsoever over its entire thickness?

This again leads me to believe that we are not there yet and this was literally just the first oil show so RNSed like EME RNSed every fart of gas from every single level

Ive looked at this a lot now
The RNS says "Oil shows have been observed whilst drilling in the Nanushuk"
They didnt rns no oil from SeaBee live, they've rinsed the first oil show they had that seems to equate nicely to N5 formation given the depths. I think its entirely reasonable that they've not hit N4 yet

"The forward plan is to continue drilling ahead to target depth ("TD") to test the deeper objectives"
This does not say lest the Torok or secondary targets, just deeper objectives. N4 is clearly a deeper objective as indeed is Torok

Also they are way ahead of the drilling schedule to even get to N5 let alone N4 and also so have analysed both N5 and N4.

So i think there is a very good chance that this oil show is literally the first oil show and they've RNSed it and its from N5 with N4 and Torok still to come.
Still could be vast amounts of oil.
Poorly worded RNS hasn't helped the PIs

He who laughs at others losing money is a bell end i think is they saying

there was

The approval for 12th only appeared on their site late in 13th.
We are/were scheduled for 13th

Makes no difference trying to decamp with poorly researched crap at this point in time. It'll be approved before you can next deal so utterly pointless

Broker notes are at 95p pre FDA approval and NPV will be $743mil so it’s safe to say it’s not priced amin at all.

There will be s lot of new posters in the next 24hr telling us all sorts

Shite poker player not going all in on 4 of a kind? Whats the odds of a royal flush? 1/30,000 i think lol