Member Info for ihavenoclue

"Rig up completion by end of week (Friday 11th), that brings us to next Friday 18th or the Monday 21st (7 - 10 days) to case over the problematic Mowry shale and run a wiper trip to total depth."

Yup OM ... news of hopeful fix late next week or early the following week :)

"40s will be my first point of reduction."

I hope you don't get the chance in the 40s as it rockets past that ;) All in hope, of course :)

"I don't see the point of an RNS to advise drilling started, they can do that for free with a tweet."

I didn't see the point of the RNS they just released .... should be RNS at commencement of drilling as is the process with a lot of drilling/exploration companies and what they RNSed for Clink 1 on the initial drill.

Brent, RNS for re-entry as they do for start of drilling ? I think you are thinking of the confirmation of fix RNS which will be around the timescale you mentioned.

"I accept the abundance of caution shown by a few, but personally I'm not sure I've seen a better investment opportunity than this on a risk/reward basis for decades. "

Completely agree .... market will catch up quick if fix can be in place and results are as suspected.

Bb ...normally anything larger than 25k they don't show for an hour or two. Surprised they showed my 30k straight away

Gotta be greedy at these prices ... haven't you bb ? ;)

Just bought another 30k shares at 19.00p a share :)

"Obviously testing needed but they could flow above the shale."

Isn't the shale above all of the layers to be tested ... I think shale is at 2100 feet and all areas are deeper down ?

Trek ... do you get the feeling that Bo may have positioned this ? He knows about the white hydrogen set ups and the $100s of millions already pledged and he knew Hydrogen was down the hole.

What easier sell will he have that they could buy a proven world beater asset in their neighbourhood without spending millions on possible duds ? The He is just an add on to sweeten the deal even further.

All IMHO of course

Well done bb .... you pushed the price into the green

Bb .. did you get it ? SP jumped above 19p

Cheers OA ... I think I missed that bit when I was typing out parts of presentation to the thread for those who couldn't tune in to presentation.

I went back and it was the question of if there was enough funding to cover Clink 1 and I thought that was a wasted question as it is one they had already been clear on.

The market hates uncertainty and will look at the risk of the shale causing more issues rather than the high probability of it being fixable with the new type mud.

Tiburn, to me I think whether they drill lower or carry out wireline will be based on how good the fix is. If they decide to drill lower we can assume the fix is spot on and they have no worries with drilling further. If they decide to run wireline instead straight after fix then the fix is OK but they don't want to risk the stability of it.

All IMHO of course

MNN ... the tweet is a snippet of what looks like another interview where he states the "if it is there the world is ours" line

Broomtree ... who said it was positive ? I said it wasn't as you seemed to think it was ... last week we went down to 19p ... the RNS had no real effect on the SP.

MNN .... there was an interview I haven't seen a link to but a section of it was on the Tweet where Bo said "If it is there the world is ours" but I haven't seen a link to that interview even though it looks like it was taken from one.

Morning to you too OP.

Cheers that would be greatly appreciated :)

IHNC

Ah Oldapache, I wanted to ask you a question. You remember your post about the company goes to three different drill contractors and they all said "No problem" to fix the shale issue. How do you know this ?

I agree with Ezhik ... the news has had no real reaction from the market so I am unsure where you feel it is clear the market didn't like it ?

It is in the same range as the last few weeks.