Member Info for imac1

Exactly low end of commercial but that could be conservative and what happens if it is proven commercial

http://clients3.weblink.com.au/pdf/88E/02070754.pdf

http://clients3.weblink.com.au/pdf/88E/02070754.pdf Quite a few places if you read the presentation

Amplitude response on the Nanushuk 4 was always better than 5 so if 5 is at the lower end of commercial but commercial none the less then this looks good for 4. If combined they are over 150ft it’s happy days ahead and then there is Torok still in play also. If you took the risk to invest on this drill selling up now is just plain crazy I’m afraid to say.

Exactly what I’m saying still got a Nanushuk topset to drill through and Torok that has a nice amplitude response.

Deeper Nanushuk and Torok potentially still in Play. Repsol only confirmed the Nanushuk commercial what if we hit oil in the Nanushuk and the Torok. Another potential is that what we have already found is commercial and the Torok is also Commrecial so many possibilities still to play for at this low low SP..!!!

Thanks JT Seismic from RMP specifically shows the Nanushuk play being shallower than we have encountered the first top set. More than one area in the top set and further more the Seismic shows an Area of high amplitude response in the Torok Turbidites restricted to the RMP blocks. Massive overreaction from the Market. Commercial oil is commercial oil whether at the higher end of estimate or not Commercial is Commercial. Any commercial oil will add value to RMP at this crazy low price. Not a ramp just trying to balance that all is not over yet and if proven commercial the SP won’t stay at these levels for long.

There could be a serious reverse coming here Monday morning on a strong RNS. MMS just going with the tide and will move just as fast in the opposite direction if the lower Nanushuk and Torok targets come good.

Also this statement “The forward plan is to continue drilling ahead to TD to test the deeper objectives” it clearly does not say one way or another whether that is just the Torok or Deeper Nanushuk and Torok targets. Market has overreacted along with me earlier in a big way glad I haven’t sold.

It does say in the lower range of commerciality it most definitely does not say non commercial. Also it cover 90ft so just under 30m as per Repsol s Horseshoe 1A Side Track. Plus RMPs acreage is the only seismic in the area that shows a high amplitude response in the Torok turbidites. All still to play for and I hope those on a loss were comfortable selling as this could turn on a dime.

Not me Richyp123

Thing is the larger companies don’t seem to release data so why do we have to announce at what depths we discover or don’t discover. Repsol for horseshoe just said encountered 45m net oil pay but did not say at what depth...!!!!

Another ****in disaster only RMP could be involved in the first non commercial discovery in the region. 26/26 and here we go RMP making it 26/27 total ****in joke..!!!! Ask your self have any of the other companies only discovered oil in the Torak....!!!!

Another ****in disaster only RMP could be involved in the first non commercial discovery in the region. 26/26 and here we go RMP making it 26/27 total ****in joke..!!!! Ask Tour self have any of the other commanders only discovered oil in the Torak....!!!!

Have to admit don’t normally get a trading halt this early into a drill. My gut is telling me this is Oil shows... could be a massive..!!!

Have to admit don’t normally get abtrading halt this early into a drill. My gut is telling me this is Oil shows... could be a massive..!!!

For all those who like a very high risk here is a strategy. RMP over next 4 weeks, MATD 4-8 weeks, ANGS 8-16 weeks, CASP 16-24 weeks boom.

Agree Baits once worked over back to back this SP will be long gone the oil has been there for millions of years I’m sure I can wait another 3/6 months

Agree it seems JT will now become an active promoter of the company and that last tweet has put my mind at rest at least he is an oil man unlike PV and I take back some of my negative comments towards his intentions.

Also let’s remember the well is now ready to flow when the water is isolated. All kill fluids in the wellbore and lost to the reservoir have now been recovered. In total 280 barrels have been produced. The well flowed naturally to surface upon the removal of the completion and clean up fluids with flow rates rising steadily as the test continued.