Member Info for exstatex

Highlights
Optimal drilling location determined to intersect:
• 220m of prognosed good quality Butler Sands is the Primary Target;
• Secondary Target of over 1,700m of the BCGS Laurel Formation;
• Butler prospect Chance of Success (CoS) 16% and the BCGS at 77% CoS
WHY don't you ever mention the 77% CoS. Wait i know!!

squidgy on Buru BB...
''It can be very significant but the first well on a new play always springs a few surprises so any reservoir that flows gas conventionally should be commercial''.
he goes on...
''Clearly if the prospect works (conventional and commercial) it would be the reticulation hub/catalyst for gas/liquids development since it is near the Gibb River Road.

Simplistically - Wattle is in area 2 (flood overbank), downdip East Yedda is area 7 (distal silts and shales) while Butler is mapped to be in area 4 (tidal sorted delta mouth) or 'be still my beating heart' area 6 (the ball bearings of a barrier bar)''.
hotcopper.com.au/attachments/image-png.1508980/?temp_hash=c13234c06ebbc35660f26ae4ac1c3ead
from cujo Buru BB
''You need to remember BRU already gave away more billions when they gave Mitsubishi Asgard and Valhalla in exchange for in the end has become a marginal oil field.
If I were them I would shoot a bit of 3D over Butler first''.
from CEOChair Buru bb
''DOR market cap is £3.77m or about A$6.89m. BRU should just buy them out of the petty cash jar. It’s a couple of boats of luvly oil''
No thanks!!

you'll never learn!!! An exploration company does not have to get anything to 'Production'
IT drills and proves the idea. If it's the largest onshore gas field the Aussies have seen then they are able to sell it. It's very simple IMO
They can sell the readily convertible assets to fund exploration drilling. I think it's nothing short of brilliant!
cash as per accounts is a requirement for boring accountants ! as you know
see list of assets
Read again Buru report. Are you saying they are only saying what DL wants to hear!!!! They have their own shareholders. Buru Energy’s Executive Chairman, Eric Streitberg, commented on the results of the ERCE review report:
“The Butler Sand prospect is a unique and extremely attractive play. The Butler area appears to have a very different
Laurel Formation depositional history to other areas of the basin, with potential to have much coarser grained sediments
and hence more porous and permeable reservoirs than elsewhere along the Lennard Shelf margin of the Fitzroy Trough.
We are VERY EXCITED to have IDENTIFIED A PLAY that we have been CHASING in the Canning for some years and to now have
a chance to get it TESTED, and will work closely with Doriemus to help them achieve their objective of getting the well drilled
this year.
(capitals courtesy of Exstatex!)
wellbusinessnews.com.au/article/Buru-keeping-a-keen-eye-on-upcoming-Butler-1-well

''if proven could unlock one of the largest onshore gas fields in Australia''

here we go again
assets that have a ready market will be the source of the cash needed.
Just as if you sell your car or house you get cash for them
If your bank account is low that has no bearing whatsoever on your decision to sell another asset
You like going round in circles it seems. OK let's try this angle. Does Dor have or not have assets that can or could be sold to raise cash????
Namely
129m UKOG
8m ANGS
10% Brockham
5% IOW
4% of HHDL (they already sold 6% to UKOG very very easily fro the 129m UKOG shares- remember that??)
Honestly i think it obtuse you still like to deny the facts
3tcf is in the Butler. It's exciting not because it's jam but because the porosity of the sand means it could be extracted to result in the biggest onshore gas field in Aus

don't agree again that 'we' have established anything of the sort
IMO they have plenty for their outlined mission to drill the exploration well as they have stated in one of potentially the largest onshore gas fields in the whole of Australia. It's really exciting and as i reported from Buru , the Butler porous sands is the play they have all been searching the Canning basin for a couple of years. Why are they excited? IMO because gas (3tcf) trapped in coarse porous sands will likely flow much more easily than all the previous wells they have drilled. That's why they have also said it could be the biggest onshore gas find in Aus.
IF A MAJOR AGREES EXPECT A GOOD FARM IN imo AND SOON
If you are saying that an exploration ever has to have the means to develop a whole field then i strongly disagree with that nonsense

i thought we'd already discussed the many funding sources Dor has. Far more than the vast majority of exploration companies.
129m UKOG shares
8m ANGS
10% of Brockham - watch what that could get!
5% IOW
no debt
And one of the most exciting onshore gas prospects in Aus to drill.
I think it is significant fact that by signalling that they are going to drill and have funds, if someone with deeper pockets than Buru (Buru have $20m i think and i think it is their rig we are waiting for after they do their program) want to come in then now is the time. A possible candidate could be Mitsubishi who are already involved in the area and could be very interested in a project as big as Butler could be.

Buru Energy’s Executive Chairman, Eric Streitberg, commented on the results of the ERCE review report:
“The Butler Sand prospect is a unique and extremely attractive play. The Butler area appears to have a very different
Laurel Formation depositional history to other areas of the basin, with potential to have much coarser grained sediments
and hence more porous and permeable reservoirs than elsewhere along the Lennard Shelf margin of the Fitzroy Trough.
We are VERY EXCITED to have IDENTIFIED A PLAY that we have been CHASING in the Canning for some years and to now have
a chance to get it TESTED, and will work closely with Doriemus to help them achieve their objective of getting the well drilled
this year.
(capitals courtesy of Exstatex!)
wellbusinessnews.com.au/article/Buru-keeping-a-keen-eye-on-upcoming-Butler-1-well

''if proven could unlock one of the largest onshore gas fields in Australia''

post 2008 the housebuilders shoukd not have had property prices rescued via austerity in order to restore their margins and allow crooked directors to pay themselves bonuses
what should have happened according to normal competitive economics is the housebuilders all compete on quality and extras (playgrounds/sports i hope not extras?) or quality of living ideas. When housebuyers responded by favouring one developer over another then this responds to the demand and positive reputation by increasing prices and paying bonuses.
You don't bail out the builders then they pay themselves off the scale bonuses and then someone comes along and says ' what about quality' or builders now say ' we will now address quality issues!!!'
It's pure bull . Backs up everything i've said before here. big landlords and bankers have taken over politics. They have conspired most likely with 'intelligence' ,the media and unilaterally aggressive royalist masons to steal a generations money and hopes for their own ends and delay criminally green energy projects. Riding in bad company?
Austerity was a crime. Landlords should have suffered losses. Rich shoud have invested economy out of trouble and been rewarded for entrepreneurial initiative. Recession and austerity are fabrications of crooked bankers and nobbled politics and have no place in 21C. C'mon lack of intelligence----act like real british people if you can

let's face it . the reason why 'directors' get away with selfish devious unBritish greed (so arrogantly) is because they must see it in spades higher up. We have all grown up with knowledge of powerful networks of ownership existing (paying v.little tax) but somehow mysteriously keeping political system honest. I think that was the line! Well the line has been well and truly crossed because these people have not only nobbled the political system but have run off with 100's of billions to bail out their assets that should instead have empowered the people and built green energy projects and provided stability and way forward. They have reached a new level of small mindedness. The administrators of crown estate can apparently believe their duty is to this property portfolio primarily. No it's not , it's to the country.
Just as quickly as a generations cash was stolen it needs to be got back cutting through all cheating and delaying and devious games. 50% of big landlords assets frozen. All tax avoidance punished with loss of british perks, assistance or citizenship. crown estate apologise. Big landlord sects like royalist masons shut down- they can join chamber of commerces and be thoroughly monitored. Investment bonds backed by gov for necessary infrastructure. Up to 50% of MP's replaced with scientists and engineers. Full enquiries into actions of 'intelligence' and media with swift and drastic changes (and no more gambling adds to children!)
This 'everything for the landlord' has to stop decisively now. There is no way after what has happened that i could believe any are actually british or swear allegiance to any either.
First of all you Psn people tried to wash it over as a mistake by renumeration committee! Now it's corporate greed!
Please try and get all the way!!

yes just noticed!
couldn't have been right with them the wrong side of the basin!!!
UKOG going up i see and Angs higher than before

yes i had an even quicker look than you and saw their lender had renegotiated without any trouble and Rey market cap is $34m as per my link. You don't have such a market cap and RISING if market sees major problems???
Buru getting takeover bid at x3 their market cap is big news IMO
Dor will drill and see what's there and i've got a very good feeling about this. The feeling i get when all lining up and about to blow. Never been wrong so far

just noticed this!
hotcopper.com.au/threads/ann-snp-proposal-to-acquire-buru-energy-limited.4693129/

hotcopper.com.au/threads/ann-definitive-documentation-signed-with-doriemus-for-ep487.4689499/
REY market cap recovering to $34m
Dor imho shoud be $10m-$15m and that's just as a base before the action

ATB Pdub
avoid tea and biscuits during chemo i found!

waiting for lack of intelligence to act against the clear wrong doers and devious abusers of taxpayer
Scared?
happy with political system finding the Blairs and Camerons and Osbornes and Johnsons who clearly don't understand economics or global warming clean energy projects and THEREFORE have to rely on bankers for advice
Nothing built pre 2008
Nothing after 2008 because bankers have stolen all the tax payer funds for a generation to bail out their assets
What sort of a decision is that ? C'mon lack of intelligence. These people and big landlords they bailed out have to suffer losses. That's real economics. They can't constrict investment and progress and get away with it?
Then the little old ladies tax goes up to rescue them and housing sector and builders and they reply not with thanks but with 'i'm worth it , give me a bonus' . C'mon lack of intelligence . this is criminal.
And HMQ celebrates profitability.!! Is this why charles has been stopped? Because you need people at mercy of bankers and not anyone more progressive if you want a proper medieval society. Then just add a brutally limiting religion and you are in total control with more average PM's to choose from

Fair enough. good luck.
I think that was all before DL arrived and he didn't want to dilute that much
Looking forward to making enough for a holiday break!

you've got it all upside down as usual cap
they sell assets to another company for shares in that company because -they see upside for Dor because purchasing company has good prospects, the purchasing company itself wants to retain cash, it provides capital to develop the new play without diluting existing shareholders (thank you DL would be nice!).
EP 487 is a gas play and an independent report will be updated and it will be drilled by Dor as operator (and maybe Kora also?)
The Weald is the Kimmeridge play and it is delivering oil . I remember people like you saying it wouldn't flow- how miserable can you lot be?
Dor has been dependent on partners drilling the Weald and they have been slow and made mistakes. Aus is a totally different operating environment and things will happen a lot quicker . Aus wants its own gas supply rather than imports. I think IMO you should watch and learn
Greenland is not a scam as you say which is libelous IMO. It is perhaps $100/bbl oil but it must have been an interesting play because Arcos spent $100m exploring it decades ago. To me that proves it is not a scam and you are wrong again (as usual)

so again you say i'm prodding you! I don't think about you at all just the negative spin you very very often put on everything Dor.
As i said and i stick to, when angs and ukog go up or we realise other asses or west kora flows providing income or HH gets a cpr or the new estimates are published for the potentially massive WA licenses or news a rig (S) is mobilised you will be completely absent or you will only spend a lot of time flagging up another variable as being another big problem on the horizon.
Dor have lots of convertible assets unlike, say, 75% of other small companies. They have successfully farmed in AS OPERATOR a potentially very big find. Most exploration investors would welcome such activity

like what happened after the rto?

once again you've done your trick of being highly selective. Please don't leave things out to try and make your point make sense
I think its very important you look at the whole assets (read again 18:28) and the potential. Try doing you maths again when Angs is 10-15p and UKOG is 1.4p-8p. Somehow i know you won't, and you'll keep quiet. If that's prodding you well so be it. If you trying to threaten to get me to stop questioning you, you have a big problem and i don't know what it is