Our next webinar is 27 February at 6 pm. To ask our speakers Sapan Ghai, CCO at Sovereign Metals, Will Holland, CEO at Europa Oil & Gas and Rick Guiney, CEO at MicroSalt a question please submit here.
As per AC's request =
Get on it, if you want legal representation and any chance of getting your Mulla back...
As per Mr AC's Telegram request, his latest post
I suggest people join the group n page to stay updated
I joined the Tele Group and from what I can see, there is a lot going on in the background. Especially regarding the possible of legal representation
Keep the faith buddy 👍
I'm not familiar with any of this Malarky
But here is an article that maybe helpful, Jcool
geologists onsite don't always get it right. methodology used might not be sound. peer reviewed party confirmation is required.
sometimes it goes the other way. the client undermines the onsite geologist findings and will aquire 3rd party confirmation to try undermine such findings. i spoke in depth about this in the past. a client got their own in-house geologists to review the results and undermined them. the samples went to the lab and it was confirmed that the onsite geologist was i fact correct and the samples were basically ****e. it was all a bit embarrassing as the client had to pretty much retract a previous rns that was more or less claiming a discovery. there's a lot of responsibility on the shoulders of onsite geologists. it's why they get paid the big bucks
The lab results only confirm the discovery etc. They don't need the lab results to plan for the next stages of operations. They could announce an update on planned ops any time now funds have been raised. They could also divulge that a jv is in the works. Everyone is getting blind sided by lab results
Why would they continue drilling???? It doesn't work that way. The geologist would confirm that logging data was correct and that they were in fact in whatever formation/zone. If they weren't, then the company man or even the bog wigs in town would decide whether to carry on drilling. The Geologist does not make the decisions. They test, show results and then the client makes a decision/calls the shots.
LOT is creating the impression that the geologist is running around firing orders. Crashing into the dog house ordering the driller to keep on drilling. That's simply not true.
Geologist spend the majority of their time, in the rec room, feet up, sniffing their balls for the majority of the campaign. They do however get paid a shxt ton of money for sniffing their own balls. Hence why I'm very envious of them
Geologists do have a lot of pressure when they have to call a discovery or not. Its all on them, so they have to be on the ball and can take some heat if their results do not match the expectations of the client.
Literally thousand of people invested in HE1 at the placing before Neil McCarthy (with a face of a man who strangles his pet budgies to death) turned up with his entourage of tu rd trading, rampaholics. It doesn't take a genius to make money on a bottomed out share, which can only go up. Especially such a high profile share as HE1
I think these muppets crypto bro's who have found their way into aim
'He is an exception to the rule then.
Gives him a lot more overall knowledge from start to finish & yes he'll have been involved with running drilling ops on well over 100 wells over the years. Including over half a dozen last year'
No he isn't exception to the rule at all. Geologists DO NOT run drilling ops. They may confirm when a target has been hit etc and test samples etc. But they literally do not in any shape or form run drilling ops
Either you are full of shxt or your pal is a bloater, of which there are many in the drilling game
No Joke - in 15 years of drilling I've never seen a geologist on the drill floor. In fact it's hard to recall seeing one covied up and out on deck at all!
I remember on the hurricane Lancaster job. The geologist f@nnying about with samples in the bloody small computer room, such was his reluctance to put his covies on and go outside!!
Geologists do not RUN drilling ops. They very rarely leave accommodation. If your friend ie claiming to RUN drilling ops then he is talking pure pish. Geologists test samples and that's that. The stewards are seen outside more than the Geologists ffs 🤣
So right of the bat, your pal sounds like a bloater, a lot of which exist in the oil game .
Geologists running drilling ops...deary me
'Itumbula West-1 well flows helium(4.7%) to surface'
That's the title to the bloody RNS emphasis on the word 'FLOWS'. They would of raised at a lot less than 1.50 if it wasn't flowing.
'The well successfully flowed a high concentration of helium to surface from Basement, at a measured concentration up to 4.7% helium'
'FLOWED' from basement to surface, the HELIUM FLOWED, doesn't mention mud.
'Hydrogen also flowed to surface during basement testing, at a concentration of 2.2% hydrogen, over thirty-seven thousand times above background levels'
Hydrogen 'FLOWED' at basement levels FLOWED!!
'Flowing helium to surface in such high concentrations is a huge milestone for the Company'
'FLOWING' helium to SURFACE. Surface being 3000ft!!
'In addition to high helium flowing to surface, the Company encountered elevated hydrogen levels that flowed to surface' the 'F' word again !!
'As the helium rises through the well bore, the pressure decreases, and it is thought that the helium then comes out of solution and increases in concentration'.
Helium parts/free's from the solution and INCREASES in concentration.
All this on top of the FACT that they did not run guns and perforate clearly indicates that the flow was sufficient
Read the RNS's carefully people. They can say a lot without actually saying it
Glib has raised a lot of good and well thought points. Points that any serious investor should be musing over. However there is plenty mention of Flows in the RNS. And as I keep on saying, from 15 years experience in drilling, near 20 over all in Oil n Gas - if the flow rate was substandard, they would of ran guns and perforated, that is the bottom line here. I cannot repeat this FACT enough. You would not abandone the well without first trying everything at your disposal to stimulate a flow. They would not even raise 4.7m at discount mate rate, if they didn't have a decent flow rate. Mate rate was more theb likely given on the grounds that the well had nor had a full production well test performed on it yet, so still lots of risk to be factored into the placing etc etc
I repeat one last time - IF THE FLOW RATE WAS SUBSTANDARD THEY WOULD OF RUN GUNS AND PERFORATED.
They're not just digging wells, they're paying the piper. Helium one day before results announcement. Pictures of Lorna B paying the piper. Have a look on X.
Local tribes/herders/farmers all need their palms greased. Its standard practice in the oil industry when drilling on tribal lands