Member Info for ID78

He1 did announce the mobilisation of their drill rig, but I can not remember with other companies that I have been invested in. IMO a companies maiden drill is of such significance that mobilisation of the rig rig is price sensitive news - but that is just my opinion.

I'm noticing the position of the rig hasn't been updated for 23hours on the marine traffic link. Maybe it is moving already. Maybe it isn't. Either way it can not be long now.

So it could be at our drill location sometime Monday / Tuesday? (300km = 188 miles at 2-3 knots..)

Next week could be exciting!

Would it be the tugs towing the rig and not Sirius?

They are also now very close to the rig so you could be right..

Have you seen the recent IPO Bens Creek? Look interesting to me, thought I'd make you aware.

If you like the look of it I guess I'll see you posting over there. No more on that, this is a very good ADV board with an exciting few weeks ahead!

If testing takes 3 months, testing 3 zones, and it was to start in October. Then perhaps some results end Oct, some end Nov and final end Dec?

Luck counts a few messages down is also suggesting 'hopefully end of october'

COHO reached TD 9/9/19
Preliminary results declared 5 weeks later (18/11/19)
Final results were another month after that (19/12/19).

Royston TD RNS (24/9/21) stated 'Further testing is required to determine the economic viability and potential of the well, and the Company plans to commence completion and production testing operations in October 2021'.

Assuming 4 weeks for flow testing my guess, the end of October for some results but it is difficult to be entirely sure.

Re. the Proactive One2One Investor Forum - I had missed that, thank you

@ST - PR

I was thinking about that yesterday, about the PR. I only see Malcy discussing ADV.

A bit more coverage would be nice, and a Proactive Investors interview would be helpful.

KC - hope you make back your (at present) paper loss on He1 through your investment here.

I allowed myself to get caught up with some of the talk on the BB and DM's enthusiasm. As I say, the plan was to ride the hype up to and during the drill, selling before the results as the CoS was so low. I'm really annoyed I didn't follow my plan.

I'm a bit bemused about the SP drop here after ADV being in town talking up the investment case. Nevermind, I bought more and we just need to wait on the SP moving.

I'm out of He1 - annoying I did not stick to my plan of selling before the results (I'd have doubled my money) I didn't lose but I could sold having made 100%.

ADV are fully cashed up for the drill and the CoS is multiples of that of He1. Nothing is certain but this is just a very different investment choice to He1.

This has to be the last or second last chance to trade this price range. Spud is 3 weeks away and the rig will move before that so my money is on it being the last chance before news, only we are now at the bottom of the channel so it's basically too late or too risky to trade now.

Good time to buy though!