focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Indeed we did! And look at that, they also mention they have the logs for MOU4 in that RNS. Guess it doesn't take weeks to analyze after all, huh? š
Great stuff no matter what, think with this information PRD has nearly completely erased any productivity risk remaining... but will double check with some people when they wake up š¤
Cheers for that whomever asked Paul & Lonny to give us more data, guess some friendly shareholder activism paid off after all!!! š
From a glance todays RNS looks VERY GOOD, great results!!! Let's see if we can get them to release the wireline log for MOU-3 š
You might be right when it comes to the wireline log analysis, but the lithological logs is done during drilling - so the descriptive part of the formation and rocks and the gas chromatograph & known on the spot...
But that's a bit irrelevant, given they admit in yesterday's RNS the wire log for MOU3 already being done, unless it's another case of very unclear communication? Either way, I don't disagree that they should take their time & do everything by the book, rather than put out newsreleases with a bunch of inconclusive & easily misinterpreted data...
Idk, depends on your interpretation. Does that 43m mean there's no gas bearing sand in the above hole zones that were prior commented? Who knows, would be best for them to just... give us the log!
Or if they really don't want to share data, just don't post a RNS at all & instead do it once done with all the analytics? As I keep saying over & over again, this communication is just bizarre!
I post mostly for my own sake, don't wanna say risks are 0 but unlike so many other explorers this one remains incredibly cheap for the likelihood of actually becoming a producer... within months, even! Many very good data points & while 17% porosity isn't something great, there should be no issue producing from such rock.
But I really need to see the logs to be sure, would be great if someone can convince Paul to release it ASAP š
Alright, so I had to dig very deep to find the data for MOU-1, as it was in a 2020 presentation lol... weird to force poor shareholders to dig so deep instead of just having it easily accessible, but I digress! Nice to see 17% guided by management, but I kinda need a scale for the graph as it's not clear whether they mean avg or certain sections... Speaking of MOU-2, its log is of limited use given it got stuck in the mud & never reached the target.
So that leaves us with MOU-3, whose wire logs they should have according to yesterdays RNS but haven't released to us for some reason as stated in below quote:
"Following NuTech petrophysical analysis of the wireline logs from MOU-3 the proposed rigless testing programme will be updated to include new zones identified in MOU-3."
Again, not sure why they are withholding this from us, nor why there is a delay in the first place to release them, as logs exists basically once the well hits TVD? Questions, questions... but if we assume 17% porosity as seen in MOU-1 (big if), we shouldn't have much productivity risk left & this selloff be a MASSIVE opportunity to load up. Risk / reward remains skewed to the upside, even if I remain very critical of mgmts communication decisions so far!
I've not even touched on that, but that's also a rather nasty thing to see... -20% random dump end of day, then RNS day after! š¤®
I'm long too & agree with you, no idea why they'd keep such important information. Thus here I am for some friendly shareholder activism.
They've AFAIK not released the avg porosity for MOU1, nor MOU2. Perhaps too soon for MOU3, but they definitely should have it for the previous 2.
I'll gladly be proven wrong, but I've looked at reports & presentations: can't find it.
No need to defend me m8, but I appreciate it! I'll remain and gladly talk to the few whom are bright enough to have an objective discussion.
In the meantime let's hope Paul & co decide to release all their data, or at the very least state *why* they chose not to!
the funniest thing about this whole ordeal is that much of the data from the rns which caused this dramatic dump wasn't even bad, it's just inconclusive. thus, we now got rampant speculation from it being ****e or perhaps just mgmt trying to protect us poor shareholders from a takeover bid (lol)...
bizarre behaviour all around.
Because there is no benefit whatsoever. But on the other hand, if they were trying to hide information they could've just... not released the RNS at all given the cpr is coming? So it's just incredibly strange communication overall.
"yet to be completed"? You're seriously saying it hasn't yet to be completed for MOU 1-2? Ofc porosity is only one part of the equation, not sure what your point is there? But it's a very important one! Especially given all the other very positive datapoints we got to minimize productivity risk!
But you should already know that, given you seem to imply you got the relevant qualifications?
But who cares if they need to raise more? There is no free lunch & you can't create value without $$$, at this market cap shareholders can expect insane returns if discovery is confirmed even if they need to dilute again & again... Especially given low CAPEX to reach cashflow!
That said, would be nice if they put out all the data they got so one can feel comfortable participating in size! š
I'm not hiding at all? I just had no reason to actually create an account to post with until now after I begrudgingly have been getting ignored. I'm on Twitter, I believe Graham Harrison had the pleasure chatting with me today for example! :D