Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Some good size buys £47k earlier for 831k shares and again over 1m shares around 09:14 in that AT Block purchase
It's not an error, this company are also trading on ASX as well
https://www.asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=RMP&timeframe=D&period=W
I get the UK RNS's from here
https://investegate.co.uk/Index.aspx?searchtype=3&words=RMP
Nice one & Good luck
That RNS was released in the U.K. at 7:00 on aim yesterday
Where have you been!
Not a geologist but this sounds like it’s more and more probable based on information available.
Thanks for sharing..
Looking forward to the imminent future!
Arktik1970 Hot copper
With regard to the WINX, it is premature to be euphoric. But I have moved my personal meter from somewhat optimistic to very optimistic.
And I agree 100% with the prospectivity of the GOM wells drilled, drilling, and to be drilled. The GOM justifies today's PPS and then some (my opinion, of course). The WINX is gravy on top of the GOM meat and potatoes. If positive results emerge from both the GOM and the WINX, my substantial (substantial for me) acquistion of an equity position in OEL last week will prove to have been prescient. Risky? Yes. Rewarding? The odds are looking better with each PR.
When I have more time, I will post some information about the Nanushuk "topset" play. I've been studying the Grandstand Formation (a portion of the Nanushuk sedimentation) since 2001. I've known about its prospectivity for almost two decades based upon the USGS data in the public domain. Bill Armstrong had the vision, intelligence, guts, and risk capital to explore the Nanushuk near the Beaufort Shelf in what is now called the Pikka Unit. The Willow wells (ConocoPhillips) further to the west are also Nanushuk discoveries. In any case, the Nanushuk has been recently touted as the world's new "super basin." I tend to agree. Interestingly, high quality oil in the Granstand formation was first identified at the Umiat Oil Field by the US Navy (Husky was the drilling contractor) between 1946 and 1953. Although recoverable reserves may be much smaller, the results from the original 11 shallow wells drilled at Umiat suggest ~one billion barrels of OIP in that field alone. The rest is history.
Of course, none of this is stated to suggest that the WINX will or won't be a commercial success. But based on "nearology", we all have good reason to be optimistic. The WINX is in oil country. Here's hoping.
https://hotcopper.com.au/threads/ann-winx-1-drilling-update.4665053/#post-37680097
2,365 in 7 days
PANR was very similar however, airing on the side of caution more than DW
"I am also very encouraged by the developments at Winx-1 where we have also encountered multiple potential pay zones in the primary target as well as in one of the secondary targets. We will need to await logging operations before we can make a more meaningful assessment as to the potential of the well, and we look forward to these operations with cautious optimisim."
"cautious optimism" as opposed to "measured" However "We look forward to these operations" as opposed to "we are well placed"
for informative purposes
..."WL logging for a 2072m (6800') TD doesn't take long, the update says 'interpretation'. They should b able to read the net/gross pay pretty quickly. Question is which zones has got movable HC's present & what's the reservoir property over that interval.
The openhole at Winx-1 should b apprx 4300ft in length (i.e, from 2500ft which was their last casing point to final TD of 6800').
So the Operator will run multiple tools & collate as much info as they can depending on their logging contractor (Halib'ton, Sperry, Baker or SLB).
If there r multiple zones of interest, then they'll run something like a triple combo tool first, then the MDT probe & if reqd take side wall cores (SWC) since they haven't drilled a sidetrack to core the main reservoir.
The swc's look like champagne corks so r sent off to the lab for poro/ perm measurements.
The MDT tool can take time for multiple zones as they stop & seal the pressure pads & take a jab of fluid so its like a mini-DST as it measures pressure, drawdown, perm & obviously the fluid content. Data from the SWC's & MDT fluid as well as production test is whats reqd to lock in a Contingent Resource assuming the net pay is thick with oil (& not water bearing). GLTA"...
For those who can't see it
The Board of Red Emperor Resources NL (ASX/AIM: RMP) ("RMP", "Red Emperor" or the "Company"), is pleased to provide an operational update with respect to the drilling of the Winx-1 exploration well ("Winx-1"), located on the Western Blocks, North Slope of Alaska.
Highlights
· Total Depth of 6,800ft reached on 3 March 2019 and all pre-drill targets successfully intersected
· Multiple potential pay zones identified, including in the primary target zone (Nanushuk topsets)
· Wireline logging program is scheduled to commence imminently to confirm prospectivity ahead of possible production testing
Red Emperor is pleased to announce that 88 Energy Limited (ASX/AIM: 88E), in its capacity as consortium operator, has advised that Winx-1 intersected all of the pre-drill targets safely and efficiently. Total Depth of 6,800ft was reached on 3 March 2019, with multiple potential pay zones identified in the Nanushuk Formation Topset Play (primary targets) and Torok Formation (secondary targets).
A comprehensive wireline logging program is due to commence on 6 March 2019 (AK time) to verify the prospectivity of the zones of interest. This program, including first pass interpretation, is expected to take approximately 10 days to complete. Based on the results of the interpretation, a decision will then be made on whether to proceed with production testing of the most prospective zone within the Nanushuk Formation.
https://investegate.co.uk/red-emperor-resource--rmp-/rns/alaska-operations-update---total-depth-reached/201903060700069963R/
Sharing this post from 180* on Hot Copper
"From oel site says running wire line also.
Otto Energy (OEL) - 1HFY19 Results and Winx - 1 Update
Created on Tuesday, 05 March 2019 16:16
OEL released a positive set of half-year results that were ahead of expectations. The results were pleasing in that the margins are high and OEL is using its strong cash flow to fund a comprehensive exploration program to grow the business. The new Lightning well is going to be tied in by the end of March making an immediate contribution to cash flow. The Winx-1 well on the North Slope has intersected hydrocarbons, and the joint venture is now going to run a wireline logging suite to determine the commerciality of the well. We maintain our Buy recommendation with a price target of $0.13."
https://www.argonaut.com/news/latest-research/3772-otto-energy-oel-1hfy19-results-and-winx-1-update.html
Argonaut is a full service advisory, stockbroking & research and investment house with offices in Perth and Hong Kong. Argonaut is technically driven & focused on natural resource companies & businesses that service the metals, mining, energy and agri-business sectors. Argonaut has an established track record of creating significant wealth for clients.
Good luck concentrating for the rest of the evening / night !
If you're in you're in
If you're out - then you're really lucky and avoided a disaster or really unlucky and will be paying multiples tomorrow - Good thing is, you'll still make profits as this goes bonkers
win win all around
I'm in for the gamble (favorable to win IMO)
"ASX opening soon"
Isn't there a trading halt until Tuesday? Or are we hoping for an RNS tonight inline with market opening with an update?
GKP 12p to £6 I think .. sold out at £1 and watched it keep on rising, was insane
Didn’t rockhopper go from around 3p something and went bonkers? £3 something ?!
UKOG 1.2 to 12p ish 2017 too
Fingers crossed for this one, got a nibble at 3.9
"BigDish is allowing choice of time and meal, letting the user decide what and where. Whilst Wriggle is offering the user a set deal with no choice."
This is a great selling point.
I was told yesterday I could have anything off the menu at 50% off - This was at 5pm
As expected
Nice and easy - Just showed the app reference number when we were sat.
Had the food, asked for the bill came with 50% off the whole bill
The app states drinks not included, but they were
Happy days
Good point
Companies listing on the Main Market have to satisfy certain regulatory criteria, providing audited statements for at least three years and being valued at £700,000 or more. Over 1500 companies are listed on the Main Market and some of the biggest are capitalised at more than £90 billion.
AIM was created by the London Stock Exchange in 1995 to offer smaller companies the chance to raise money from outside investors. Since then over 3000 smaller, growing companies have joined AIM. Currently there are around 1450 companies on the market operating across 39 sectors in 100 countries.
Read that earlier PGlancy
Very nice write up
I can envisage it now
Using the app is SO easy, I just booked a table for later in Bristol
50% off at 5pm is insane
Interesting