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Emphasis on the word 'PROBABLE'
No declaration of a discovery yet, despite all the waffle
SP floundering as a consequence, despite this supposed 'massive' news
Morning you ramping loons
Sol - you really haven't a clue what you are talking about you literally have to RC to remove the tool AFTER testing, not before. You don't kill the well BEFORE testing.
Stop kidding on that you know what you are talking about, for you clearly haven't a clue. You're clutching at straws and making it up as you go along
Yeah, you can cut n paste stuff you no sfa about like the rest of the dumbos 'slow hand clap'
RC has different applications, cleaning is one of them. RC in regards to Stem testing is applied to remove production fluids, pump mud/drilling fluid, in order to be able to remove the DST tool
Sol WTF are you on about?? You're obviously another one who knows fck all about drilling (where do they find these muppets). So you are claiming all wells are cleaned as standard by RC?? If you are then, you're clueless. If you are RC drilling then obviously you would be cleaning the bore via RC. They weren't RC drilling, so the clean up was dine as per the methods I listed the standard way.
If you knew anything about stem testing, you would know that uou literally have to reverse circulate to remove the produced fluids, pump drilling fluids to kill the well, in order to be able to safely remove the tool
Seriously pal, refrain from preaching about things you clearly know nothing about
The well is cleaned up prior to wireline. You reverse circulate at the end of the final flow test to kill the well. You pump the mud In and the formation fluids/res fluids out. This allows the safe removal of the DST tool. The res fluids are sampled at the surface manifold. This is when they got 4.7% and during the actual flow test.
Facts matter
'Roger spot on' aye, he was well on the ball at Tai 3 when he ramped himself into a huge loss and then scarpered with his tail between his legs 🤣 Roger Jolly has ZERO credibility on this board
Chesh
I cashed that in a couple of weeks ago, as divulged in the shack
Fact of the matter is chesh...I'm not a braindead ramping moron like 99% of the board. Having a holding at 0.25 doesn't = a loss of common sense
The rampant rampers have yet to remind everyone of their tai 3 losses...short memories
Skippy, are you playing dumb?? It's literally not a commercial discovery until THEY ACTUALLY DECLARE A COMERCIAL DISCOVERY and guess what??? THEY'VE NOT YET DECLARED A COMERCIAL DISCOVERY. Why is this very, very, VERY simple fact so hard for you to digest???
Yeah, its so HUGE and spectacular, they failed to actually officially declare it so, fvk me 'bangs head against wall'
Yeah, its such an obvious earth shattering discovery hence why the SP has blasted into orbit...oh hang on a sec!
The market obviously agrees and shares my concerns, hence why the SP is stuck in the mud and floundering
But aye, what does the market know eh???
'but ultimately you can't RNS and just say' eh??? That's the exact function of the RNS! To allow the company to inform the shareholders that they have a huge discovery, along with the well test results to prove so. This is what every other company have done for since oil exploration companies started floating on the market
LOT
Let's get one thing straight - i said he was right to raise the question about the RC. He is still full of shxt about 'running' drilling ops, as every rig pig on here concur
I ran the issue of the RC past my old man, who is an old, highly experienced veteran rig pig, as well as an engineer and he shed a bit more light on the issue
Even when flow is mentioned , they failed to simply refer to them as 'good', which would of gone a long way to eliminate concerns without releasing the full data
LOT
I forgot who it was who highlighted it in the first place, otherwise I would of referenced you. Your posts and others I read on other platforms prompted me to adjust my position and look at the situation from a more objective angle. You, or rather your friend raised a legitimate concern that I was wrong to reject, I apologise. Its all too easy to put the blinkers on and get caught in the Riptide/frenzy of blind ignorance
Sol
You RC AFTER the flow test I.e. it never flowed FREELY, it only flowed after being artificially stimulated via RC. If helium flowed FREELY from basement, they would of stated 'FREELY'.
Nah, nah, nah skippy, I never said anything of the sort, so don't start twisting words to suit your agenda. I've highlighted the fact they've not stated that 'helium' Flowed freely. They attained 4.7% via RC, that is the opposite to Free flow. Nowhere does state what method other Helium shows were attained. As they've not stated free flowing, it is Perfectly plausible that assume they were RC'd, as all 3 samples were liquid/fluid.
I also clearly stated, that all gases flow, it's at what RATE, they flow is what is important. They've not stated anywhere that flows were good. Yet, have gone bigged everything else up no bother
It doesn't make much difference to me as I'm 1000% up, I'll make money whichever way it goes. People with tighter margins don't have that liberty and would do well to cash in some profit/derisk to cover their @rses
What rate is it flowing skippy? And you missed the words 'THOUGHT to be' I.e. its a working hypothesis. Much like Nobles method of extraction
My fart flows my @ss, it doesn't mean I'll be able to power my car with it
Mr Wolf
Nowhere have HE1 stated that they have free flowing Helium. They've not even said, when referring to flow whether or not it was good. The Noble Road is in my opinion is a possibility