Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thankfully I didn't. Still sold 80% of my holding. Bought back the majority this morning at 2.35p which after the rise is looking good. Still a kick in the nuts all the same and totally avoidable with the correct RNS information.
A lot of posters got shafted on Friday so the sentiment isn't exactly going to be superb. Even still I can see through that and see a positive result here given the new information provided this morning. It just doesn't sit well how ambiguous the RNS was on Friday. It stunk and gave the average PI no choice but to derisk accordingly as the information that loose.
Jontangle. We have to be cautious yes. A lot of people got played with that announcement on Friday with its ambiguous wording (Me Included) Thankfully didn't sell my full holding.
Good to hear we finally agree on something.
That is a bogus account. Be careful before taking that information as fact. Where's Jontangle when we need him....
I clearly touched a nerve. You don't want to acknowledge that repsol returned to the same location and hit oil. It doesn't fit your narrative. You can't handle it and you show your true colours.
I see a focus on a blowout failure even though 4 wells drilled in same location were subsequently successful. I could understand if the following well was a duster but technical issues I don't really see the negativity you seem want to push continually. If that's the only thing you can grab onto to claim the 26/26 is a fallacy well I'm comfortable with stating the 100% success on completed to target depth wells.
Jon tangle that video you keep posting daily. What's it's purpose. Repsol had a blow out on that well in 2012. They returned to the exact same location in 2013 and drilled 4 wells which all hit oil. I sincerely hope you aren't suggesting that classes as a duster.
Red Emperor is pleased to announce that 88 Energy Limited (ASX/AIM: 88E), in its capacity as consortium operator, has advised that Winx-1 had been drilled to approximately 2,500ft You seemed to have omitted this bit. Perhaps because it's doesn't fit the narrative... 88e dictate the rns releases.
Facepalm... I know that bandy said 3.1 at the investor presentation. The conjecture is your added bit that he's backed down from it.
Even Bandy the Great, stated that the OSH deal at $3.10 was a good basis, he wanted to ramp it but pulled back when he realised the consequences. What does that above statement even mean.... It's pure conjecture.
He means they've bought into the project early based on $3.1 however after these appraisal wells that's likely to decrease (pikka b & pikka c). The market will value any discovery accordingly, no single poster here can influence that. I'm of the opinion it will exceed $1 per barrel by that doesn't make it 100% certain it will. My reasoning is two fold, one it's right next door to horseshoe so would make economic sense for any discovery being tied into horseshoe. Two the southern section of our acreage is not covered by 3d so offers potential upside on oip figures. Everyone is entitled to their view including Jon tangle etc Al and I certainly won't begrudge him making his 30k as it'll mean we're all also in a healthy profit. The drill bit will reveal all over the next 7-10 days.
Are we ahead of schedule? What have I missed?
Original schedule indicates Nanushuk news will come Wed/Thurs
Employ=rmp. Also clarification. The cinco well would cost 20-25m millions to drill
It's more a case of how would employ/Otto go about funding that well than completely ignoring it. Much as a case of how we landed this particular licence in alaska. I'd imagine if this goes to plan it may well come back on the table a potential next drill for Otto/rmp underpinned by an Alaskan asset or cash from a sale to the consortium next door. I wouldn't dismiss that asset.
The leverage on this drill is with rmp. No other partner offers the possible returns rmp can on a strike, panr being the worst selection of the lot imo.
itkillik river 1
Yes its a binary play for rmp, however for me it's the best return opportunity on aim at this very moment if oil is strike in anything close to pre drill expectations. On a duster were looking at 0.5-0.8p so that needs considering with what exposure anyone is willing to have here. On the flip side it's 30-40p and may even surge higher given the right feedback. If successful this will be sold to the consortium next door imo. That has to be taken into any value consideration as further appraisal wells are likely to be completed by another consortium other than perhaps an appraisal well by rmp etc Al. For now everyone has to consider the chances of even oil shows to create excitement, which are extremely likely given the well already drilled on acreage in 1972. That will give anyone exposed more than they'd like when the lights come on! To derisk part of their holding. Good luck all.
Agreed the Naushuk is thought to be 60% of the targeted 400mm or 240mm of the total mid case recoverable volume.
I derisked 40% at 5p as that was my original pre spud target. Thought I'd sold a bit early as the SP kept climbing and thought 6p was a possibility.
Agree likely to hover around these levels until the real action starts. Can't see it dropping too far on spud as the news windows are short here so any drop will be quickly turned around with speculative excitement.
Still remain bullish on a oil strike here. On a result looking between 30-40p as a reasonable target