Member Info for JerseyCrew

If you are correct Slacker, I for one will be taking another slice of this pie to add to my plate - but not sure I am going to get that lucky.

Honest answrs

1. As long as it takes them to do the job right - no one here can say when that will be

2. Their choice - make your own decisions

3. Possibly but that happens with all stocks at some point

Thanks InvestingGoals - if you consider the news line alongside the SP chart I am not sure that either announcements had a material impact on the SP but I think that the point you make is probably more an explanation of why the SP hasn't jumped north, but remained static after the financial pieces - that's how I am reading it at the moment for what it is worth.

Having a near neighbour is really beneficial though for comparative purposes if we strip it down to a geological level (which I am reliant on others to do!) and also to imagine what future economies of scale might be brought into play by having potentially 2 producers in relatively close proximity for logistical distribution purposes, not to mention attracting global investment interest and industry extraction specialists into the region. I try and look for the potential mutual benefits rather than rivals in the long term.

ATB

Leemat - my thoughts in response to your post

A - The company will now be in a closed period for any director dealings given the data and the interpretation of said data is not yet disclosed to the market. That aside you are also assuming that the directors have large amounts of cash savings - a common assumption by investors and not always true. Having all of ones investments and salary vested in one company is also a risk from a diversification perspective.

B - absolutely - it will arrive when the company has interpreted the data

I think that Lorna's interview made it as easy as she could at that point in time from my personal perspective.

ATB

Slacker - whilst I don't associate myself with your description I am happy to share why I filtered - because the individual is offensive in some of his or her posts without cause of provocation. It's a great pity because some of questions might have been valid but frankly for me it wasn't worth the cost. Also when push came to shove he/she couldn't back up some of the points being made and took their ball home, making insults as they left.

Manners cost nothing - this should be a board where opinion and facts are shared without play ground name calling.

BloodyRedBaron - your question prompted me to look at their website and the ASX announcements and corresponding SP falls - looks prompted by the retraction of the financial forecast information early Dec 2023 and then the subsequent cash raise. So in summary the drop appears to have been a consequence of their financial position as opposed to any underlying news or confidence in the potential discovery. Of no consequence or read across to HE1.

DarkHero

In answer to your question this is a link to the cadastre map. Noble's licenses are held under Rocket Tanzania Ltd. Look in the south west for Rukwa and the lake to the right - you can click on the licenses to show the holders. Gives a good sense of location and boundaries.

http://portal.madini.go.tz/map/

Agreed - remove the oxygen - I was guilty of trying to engage in a rationale manner yesterday - when backed into a corner he spat his dummy out, refused to answer basic questions and resorted to rude name calling. Thanks for the reminder to filter.

I'm confused....

"Despite the difficult circumstances surrounding the placing we therefore believe it is in the Company's and shareholders' best interests to raise sufficient funds to both progress AVA6000 and the broader pipeline. However, we have limited the allocation under this REX Retail offer to existing shareholders only in order to minimise further dilution at this price.

"This financing has brought several new high-quality institutions onto the share register including a large European healthcare specialist fund and, subject to the outcome of the general meeting, it provides Avacta with funding to both advance AVA6000 through the clinic as well as developing exciting pre-clinical assets which we look forward to detailing later this year."

Limited to existing shareholders but brought new high quality institutions onto the register? Are they existing or new? Semantics I know but maybe I am missing something.

Joe80 - you chose to ignore simple questions from me and you chose to ignore the fact that the CEO has explained that this data needs time to analyse. What has you so vexed? If you are up 1000% then be happy - or if you aren't happy why not take your 1000% and sit on the side lines. Patience and time - wonderful things. If you think there is a conspiracy here, run for the hills. Or maybe just maybe, the find is so unique that they are having to rewrite the rule book here. Who knows but all will be revealed - in time.

Https://www.youtube.com/watch?v=uUDEPa89s9o

Not so simple - but what do I know.

I give in Joe80 - it is difficult to reply with the quality of your rhetoric.

I feel compelled to 'pop off'. Double F in off by the way in case you want to use the advice again.

Redimentary? rudimentary :-)

Joe80

I have been transparent in my postings in terms of my redimentary industry knowledge.

I have also been polite and tried to engage with you to understand your perspective and hopefully glean some additional knowledge.

In stating that you are choosing not to answer a very straight forward question, which I asked to clarify points that you have strongly made on this board, tells me all I need to know. I think that you have made my point far better than I could have done.

Joe80 - I am asking a really simple straight forward question that you are finding it really difficult to answer it seems and playing a very obvious deflection game.

I doubt many holders here are experts in all aspects of oil and gas exploration - if that was a pre-requisite I suspect that the share register would be rather small in number. Like others I rely on the company and industry experts to interpret the data and convey the results into layman terms that can be translated into future potential monetisation.

Can you list the components of data that you are looking for and do you feel able to interpret them? Really simple questions.

Thanks Joe80 but with respect you didn't answer my question - which was - what components of the data are you expecting to see and what would you do with that data at this point in time?

As an aside and to show that I am reading your posts and trying to understand your points - how can you have a free carry with a 0.25p cushion? Isn't a free carry a free carry?

Joe80 - I said I had a basic understanding - probably the same as most posting here. To say I knew nothing would be incorrect.

Out of context material? Can you explain what components of the process which I stated as being sourced from the internet is out of context please? I would suggest that referencing a test driver in a racing car is out of context however.

But lets play the game - what components of data (basic and standard in your words) would you expect to see exactly from HE1 at these initial stages and what would you do with that data? Do you have the technical skills to analyse and interpret?

Continued...

5.Compare the results with other sources of data

After you have applied the analytical models and equations, you should compare the results with other sources of data, such as core analysis, well logs, seismic data, or other well tests. This will help you validate your interpretation and identify any discrepancies or uncertainties. You should also check for consistency and reasonableness of the results. For example, you should compare the fluid composition from the DST with the fluid samples from the well.

6.Evaluate the test performance and quality

The final step is to evaluate the test performance and quality. You should assess how well the test met the objectives and design, and how reliable and accurate the data and interpretation are. You should also identify any limitations, challenges, or errors that occurred during the test, such as equipment failures, operational issues, or environmental factors. You should also suggest any improvements or recommendations for future tests.

So if what I have found by a very brief internet search is correct, you ma have all the data but there is a considerable amount of work that is needed afterwards and remember the various curve balls of a positive nature that they were not expecting such as the hydrogen. Now I have zero industry knowledge but I think I can safely say that this is not as simple as you seem to think but I am happy to be corrected by people with industry knowledge.

Hi Joe80 - yes I have the most basic understanding of the DST operations and of course they are referenced in the RNS died Feb 5th, quote

:Itumbula West-1 well has successfully completed all wireline logging and drill stem testing ("DST") operations

So my understanding and please correct me if I am incorrect is that the data has all been collected - but I am not so sure about your statement about analysing the data live or indeed whether the matter is as simple as you think.

So I have zero industry knowledge so I thought I would do a quick google search on analysing a DST - here is what I came up with:

1. Review the test objectives and design

Before you start interpreting a DST, you should review the test objectives and design. What are you trying to achieve with the test? What are the expected reservoir conditions and fluid types? How did you select the test interval and duration? How did you control the flow rate and pressure during the test? These questions will help you establish the context and assumptions for your interpretation.

2. Plot the pressure and flow rate data

The next step is to plot the pressure and flow rate data from the DST on a graph. You should use a logarithmic scale for both axes to better visualize the trends and patterns. You should also label the different phases of the test, such as build-up, drawdown, shut-in, and flow. The shape and slope of the pressure and flow rate curves will indicate the reservoir behavior and response to the test

3. Identify the flow regimes and boundaries

A flow regime is a pattern of fluid flow in the reservoir that reflects the geometry and heterogeneity of the reservoir. A boundary is a limit or change in the reservoir properties that affects the fluid flow. You should identify the flow regimes and boundaries from the pressure and flow rate curves by looking for changes in slope, inflection points, or deviations from the expected behavior. For example, a radial flow regime will have a constant slope on a log-log plot, while a linear flow regime will have a unit slope. A boundary can be a fault, a fracture, or a limit of the reservoir.

4. Apply analytical models and equations

Once you have identified the flow regimes and boundaries, you can apply analytical models and equations to estimate the reservoir properties and parameters. Analytical models are mathematical expressions that relate the pressure and flow rate data to the reservoir characteristics, such as permeability, porosity, skin factor, and reservoir pressure. You can use different models depending on the flow regime and boundary conditions. For example, you can use the Horner method for radial flow with a closed boundary, or the Gringarten method for linear flow with a fracture.

to be continued...

Joe80 - please share your knowledge on what process they will be going through to analyse and interpret the data here to justify your strong view on the matter.