Member Info for Ezhik

lest we forget: "we are encouraged by the lack of any boundary limits observed on the reservoir." ref Casc deep.

Maybe the SP will be allowed to head north now that the 'deal' has been done at this relatively low price.

'Nugget', 'Auric' for starters.

Looking at the SP it doesn't look like we are on the cusp of drilling with two rigs soon to be operating, most odd really.

starting to 'scale' back in to TXP and add meat to the bones of the core holding.

Taken out my initial stake at 2.2 average £8300 and left the profit in, the trade not showing. Will see what happens next week.

Some of these shoots of gold at a high grade but over a narrow interval of say less than 1m are often disregarded by us PI's (self included) as we like to see big grades over many metres, however when you picture high grade, 1m thickness over a very large area, then the story becomes entirely different. This type of scenario was mentioned by the Geo in the recent interview with these shallow veins each being potentially worth 5m - 20m. --proven up by infill.

I'm not getting any ads at all, they can definitely see my P.F then !

Yay. Carlsburg.

S.T. Horizontal is fraught with potential issues, the ROP will likely be much reduced. There are risks of stuck pipe, inability to keep the well clean from mud/cuttings, so to enable the mud to do its work and to stop the drill string jamming against one side of the hole, the speed /rate of penetration is reduced. They will prolly have centralisers fitted to the drill pie to keep it away from the wellbore to some extent particularly near the drill bit to give the mud a chance to remove the cuttings and keep the bit from damage.
Would not be surprised to see this section taking longer than the vertical section so hopefully panic won't set in amongst the invested community if we get to another 10 days or more without the TD rns. Might be wrong of course and they may have methods available that allow them to Horse through it. Have been on the drill floor where each +/- 10m section of DP took an entire 12 hr shift to run, therefore ROP was just 1.2m/hr. This was unusual, but the point is, it's not impossible. Driller seems completely competent here so no worries.
Back to the day job.

Yeah, pity that technology hasn't come up with a temporary polymer or similar type of liner that follows just behind the drill bit to seal off the formation and any 'holes' in it as the drill progresses. It could then be pulled out for testing before running in with the slotted liner or whatever production tubing they are using. Sorry, just another mad thought lol.

Getting into bounce territory at these levels. Need Myles to do some lobbying again

No. ROP will vary with formation structure, drillers' willingness or ability to press on or slow down. This is the first drill and therefore no historic or anecdotal evidence to even guess an average ROP over the length of drill. Best not get bent out of shape worrying about it.

Not too many shares in issue causing large movements. Anyone have any other idea about why the drop. Large trades reported last week as buys, may have been sells?

Hopefully they would not have begun shipping it without clear visibility of being able to deliver it to site, so Royston is on the launchpad so far as I am concerned. I thought we might have been in for a longer delay on it.

Trek. indeed, a better performance and it shows a continuous significant improvement with more to come vis a vie the ability to handle another 30-40% capacity over and above the current level. Grades are good and consistent at around 7g/t. Should give the market a more cosy feeling.

M.P Yes it does mean pumps.

Good update today, they are keeping it together with current prod and success on this well will bring the stock back into play. no doubt malcy will have some comment to add later.

All timed and well managed to coincide with OTC. Give them a day to set up their train set yesterday and then switch on the power the next day. Drill ahead of schedule and will almost complete by the original end of month target date for spud. Nice one son!. Good day for me today. Nice news on a goldie, decent update on another oilie. Zphr biggest value holding tho.

I posted at 8.15 ish this morning:
"Maybe folk have missed the point that drilling stopped at 561 metres, but Helium shows were between 552 and 561 which may imply that helium shows will extend beyond the 561 metre zone."
Seems like folk are catching on.----and this in a zone not identified as being particularly interesting--its getting interesting now though..
V Lucky for once: Sold all mine on Friday 4.28pm got the jitters, was certain over the weekend that there would be a stonking rns today and that I had made a big mistake. Bought all back again this morning--its not really a lot but is a fortune to me just now. Extra 10% stock for the same.

Maybe folk have missed the point that drilling stopped at 561 metres, but Helium shows were between 552 and 561 which may imply that helium shows will extend beyond the 561 metre zone.