Member Info for liquid1

Maybe we will follow suit!

Overhang cleared! @ZaksTradersCafe More RT AlignResearch "Ref Widecells #Wdc. As per our piece here - http://www.alignresearch.co.uk/widecells/widecells-financing-explained/ … stock found floor at just below 0.5 level. 40m trade just reported is clearly EHGOS. Clears the market and sets stage for a renewed run. Expecting strength out of the gate tomorrow now overhang GLA

@ZaksTradersCafe More RT AlignResearch "Ref Widecells #Wdc. As per our piece here - http://www.alignresearch.co.uk/widecells/widecells-financing-explained/ … stock found floor at just below 0.5 level. 40m trade just reported is clearly EHGOS. Clears the market and sets stage for a renewed run. Expecting strength out of the gate tomorrow now overhang GLA

Typo 50% up only

We are literally only 59% higher from 4p last Thursday before the depression in Friday. Far to cheap! Should have been closer to 10p with the news on pay zones this week.

RMP cap 34m 88e. Cap 77m PANR cap 129m We are cheap

Re-rating nicely! If this is like Horseshoe! Gonna be nowhere near this price!

88E Managing Director, Dave Wall, commented: "The operational performance by the team in Alaska during drilling has been outstanding, with a safe and efficient execution of the program.

Encouragingly, we have also encountered multiple potential pay zones in the primary target as well as one of the secondary targets. Whilst it is still early days, we are well placed and look to the wireline program with measured optimism."

Jay Cheatham, CEO of Pantheon, said:

"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."

Otto Energy (OEL) - 1HFY19 Results and Winx - 1 Update
Created on Tuesday, 05 March 2019 16:16

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.

https://www.argonaut.com/news/latest-research/3772-otto-energy-oel-1hfy19-results-and-winx-1-update.html

Winx maybe like Willow or Pikka

Roll on TD RNS

PIKKA DISCOVERY - NANUSHUK FM
Repsol Qugruk 3, P&A
4/1/2013
Sealing transgressive shale
Nanushuk Fm
(seismic topset facies)
Top Torok Fm
(sandy lowstand wedge,
seismic upper slope facies)
Known pay, 30
deg API on
MDT
Potential pay
upper facies tested 4,600 bopd
in horizontal Q8 offset well
500 ft
Qugruk 3 announced as multi-horizon discovery April 2013; Play
type is characterized by stratigraphically-trapped shelf margin/
lowstand wedge sandstones in lower Nanushuk and underlying
sandy slope Torok Formation. 11

-----------------------------------------------
Willow discovery announced January, 2017 was a follow-up of this
2002 discovery. Play type is characterized by stratigraphicallytrapped lowstand shoreface shelf margin sandstones in lower
Nanushuk Formation. 12
Lower part of Nanushuk Fm
(basal topset facies)
Top Torok Fm
(uppermost slope facies)
ConocoPhillips Hunter A, P&A
3/26/2002
Lowstand
shoreface/
shelf margin
sandstones
Sealing transgressive shale
Willow interval: secondary
objective with light oil/gas
shows; Tinmiaq 2 and 6 wells
confirmed discovery with up to
3,200 bopd test.
100 ft
WILLOW DISCOVERY - NANUSHUK FM
Formation Accumulation Location Explorer
Nanushuk Fm Pikka State/ASRC onshore Armstrong/Repsol
“ “ Willow NPRA onshore ConocoPhillips
“ “ Umiat NPRA onshore US Navy
“ “ Simpson NPRA onshore US Navy
“ “ Fish Creek NPRA onshore US Navy
Torok Fm Nuna-Moraine NPRA onshore Caelus, ConocoPhillips
“ “ Cassin NPRA onshore ConocoPhillips
“ “ Smith Bay State waters Caelus
UNDEVELOPED NANUSHUK

http://dog.dnr.alaska.gov/Documents/ResourceEvaluation/NanushukDiscoveries_AAPG.pdf

----------------------------------------------------------------------------------

We may be sililar to Pikka or Willow!

Usually while drilling, drilling fluids invade the formation, changes in the resistivity are measured by the tool in the invaded zone. For this reason, several resistivity tools with different investigation lengths are used to measure the formation resistivity. If water based mud is used and oil is displaced, "deeper" resistivity logs (or those of the "virgin zone") will show lower conductivity than the invaded zone. If oil based mud is used and water is displaced, deeper logs will show higher conductivity than the invaded zone. This provides not only an indication of the fluids present, but also, at least qualitatively, whether the formation is permeable or not.

https://en.wikipedia.org/wiki/Resistivity_logging

-------------------------------------------------------------------------------------------------------------------------------

++++++++++++++++++++++++++++++oil, oil oil

The Torok Topset Sequence 4 (secondary target) was intersected at 6,052ft with elevated mud gas readings (C1-C5), oil shows and an increase in LWD resistivity being recorded.
-------------------------------

So based on last night's RNS, we were only 358ft from TD.

Maybe another RNS tonight or tomorrow!

PRIMARY NANUSHUK targets and SECONDARY TOROK targets both encountered oil and exhibits similar characteristics with "nearby" successfull drill Probably same or very similar to Horseshoe

Watch ASX rise tomorrow! Hope we get to 4p baseline!

Spot on!!! Very important point!

PRIMARY NANUSHUK targets and SECONDARY TOROK targets both encountered oil and exhibits similar characteristics with "nearby" successfull drills

Repsol reported that the Horseshoe discovery qualifies as the largest US onshore conventional discovery in 30 years.

Drilled during the 2016-17 winter campaign, the Horseshoe 1 well reached 6,000 ft and encountered more than 150 ft of net oil pay in several reservoir zones in the Nanushuk section. The partners drilled the Horseshoe 1A sidetrack to a TD of 8,215 ft and encountered more than 100 ft of net oil pay also in the Nanushuk.

https://www.ogj.com/articles/2017/03/horseshoe-discovery-extends-alaska-north-slope-play.html

The Winx prospect was identified using the Nanuq South 3D which covers the third party 2017 Horseshoe discovery.

Similar amplitude response is observed at the Winx prospect to that seen at the successful Horseshoe well location, which is located approximately 6km to the west.

https://finfeed.com/small-caps/energy/red-emperor-releases-additional-results-winx-1-well/?utm_campaign=RMP-20190304&utm_source=twitter.com&utm_medium=social

So just to recap on where we are at now with Winx..TD is expected at around 6500ft and we were already at 6,050ft most likely sometime yesterday for them to make the announcement first thing today. The rest of the 450ft to TD might be reached either today or early tomorrow, then followed by 3 days WL

Important points to highlight on updated Winx drill today are - PRIMARY NANUSHUK targets and SECONDARY TOROK targets both encountered oil and exhibits similar characteristics with "nearby" successfull drills

https://hotcopper.com.au/threads/phew-looking-good.4661246/page-61?get_post=true

Could this be similar data to Horseshoe??

The Winx-1 exploration well intersected the primary Nanushuk topset targets between 4,667’ and 4,901’. Elevated mud gas readings, oil shows and an increase in LWD resistivity were observed in multiple topset features within this primary target interval of the well.

Data obtained by the Joint Venture from a nearby successful Nanushuk well has proven comparable to that observed in Winx-1 over the same topset features, providing early encouragement. These initial interpretations, whilst encouraging, should be treated with some caution as more data and analysis are required for validation.