RE: Come back in a month14 Jun 2021 14:18
Newbee. Price isnt sinking is it. Start of drilling was not a surprise to the market and as posted last week I anticipated a small drop back. In fact, so far its done better than I had anticipated. The next bit of a catalyst will be the gas shown in the mud but don't be disappointed if it doenst move the SP by much either because it is also expected aka D.M. Next (maybe, more or less) news could be that the Co have categorised the well as a discovery which is authorised by the geologists. Needle on the SP moved a bit more. Wireline logs/coupled with the comparison from gas shows confirm 3 traps, needle moved a bit more, confirm that 3 zones are capped with a nice fat seal and all zones an be produced. Needle moves a lot. Repeat x 3 or maybe 4 if they decide to continue to the fourth hole and well, well, well, well, needle bent due to the effects of acceleration and mechanical energy.