Member Info for ITguy

LTG can't make $$ on cows. Or, not yet. The cows did get in on FO below $.20 though!

bigones! Still looking for below $.20 eh??? Lol....

As Orson has mentioned previously, the scrutiny committee was to meet on March 12. They had several presentations, but they have recommended that the legislative assembly approve the 2018 Petroleum Act.

https://parliament.nt.gov.au/__data/assets/pdf_file/0006/664467/76-18-Final-Report-on-the-Petroleum-Legislation-Amendment-Bill-2018.PDF

https://parliament.nt.gov.au/committees/EPSC/76-2018

It seems Santos has a signed EMP for their Dukas-1 well in the southern part of the NT. It looks like they have 1/6th of the annual rain compared to Darwin. So, no need to wait for the end of the rainy season. The dates from the EMP are quite interesting though. Says 9 week drilling to start Feb - May. Inside the 6 month water testing.

Stage One Civil works 6 weeks January-February
2019
Water bore installation 2 weeks January 2019
Stage Two Mobilisation of drilling equipment 4 weeks February-May 2019
Drilling and Completion of well 9 weeks February-May 2019
Well Suspension < 1 week April-May 2019
Demobilisation of equipment 2-4 weeks April-May 2019
Well Testing 12 weeks June – August 2019
Rehabilitation post well completion 1-2 weeks May-June 2019
Rehabilitation post decommissioning of
infrastructure/site

https://denr.nt.gov.au/__data/assets/pdf_file/0007/655405/DOC150219-Dukas-Approval-SoR.pdf

https://denr.nt.gov.au/__data/assets/pdf_file/0009/655407/MAB-PLN-006_EMP_Dukas_1_Well_Rev-3_Redacted.pdf

All good. I was curious on the order book as you usually have a keen eye on it. A few good buys this week and I was hoping for more!

Kind Sir...what does the bids look like? I few nice share purchases this week.

Try humility, Poods.

I think 60A is what the 1km thing is referring to..

https://legislation.nt.gov.au/api/sitecore/Bill/BPDF?id=17615

Or, are they talking a 1km zone outside of the bore and well?

I was reading this article about Vowles and the Labor Party.

https://outline.com/ZZWRV6

At the very end, and oddly placed, was a comment that Eva Lawler introduced new legislation that there must be 1km between water bores and gas wells. Does anyone know if that's normal?

I took this from Santos's application for water bore approvals.

‘The Panel’s view is that monitoring of key water quality indicators in the
groundwater in close proximity (that is within 10-20 m) to each planned well or
well pad is essential, and that this monitoring should commence prior to any
well drilling, with subsequent monitoring being particularly focussed on the
hydraulic fracturing stages. To this end, multi-level monitoring bores must be
installed in advance (at least six months)’.1

https://dpir.nt.gov.au/__data/assets/pdf_file/0006/619359/MAB-PLN-004_Santos-NT-EP-161-Water-Bore-Monitoring-Program-EMP_Rev5-Reda....pdf

Seems the greenies are having an issue with Drabsch's appointment and the trip to Texas. I hope they bring them back some good Texas bbq sauce!

Looks like the boys are playing games on the TSX today. Soly will get wound right up! I hope they don't touch his computer!

Awesome, Naminanu! I like the sounds of that!

BTW, drop the New at the end of the link to get it to go....

Funny, he wouldn't answer with his personal views. That could be to stay Switzerland for all sides. But, sounds like he will follow the party platform.

Google Angelo Agrizzi liar and you will see plenty accusing him of that.

Back to the Beetaloo now...

And still..some think POQ doesn't know what he's doing. Sigh...

Thanks for posting!!

I think the price is down because of the June start. Volume isn't big enough to worry about a seller.

In Canada, we have tax free savings accounts (TFSA). You are only allowed to put in $6000 this year. And, the total since they started is $63,500. So, if someone hasn't contributed ever, then could add $63,500 this year. So, as the name says. Hit a home tun with FO, and those gains are not taxed.

70% of my FO holdings are in my TFSA account that I trade.

I think FO is a great TFSA trade for those in Canada.

Subject to relevant approvals..

Looking at a few of the companies in the Galilee Basin. It's coal seem gas without fracking. So, hard to compare to the Beetaloo. But, Galilee Energy saw a big SP climb in 2018. Low of .12 and a high of .80. Eastern Star was sold to Santos in 2011 for $900M or so with reserves of 1520PJ. Beetaloo could have way more than that if proven.

All speculation on my part, but it will be fun to see what happens in the next 2 years.

I think that they are referring to the Galilee Basin in early 2019. Not, that I don't want it to be the Beetaloo.