Member Info for Manwell02

Another begging letter definitely not helped. Yes we will need it to continue to operate but DW timing really knocked the momentum outta this one from the first CR. IMHO there’s no way near as much hype as there was about Winx.

well aware OSH isn't the operator you muppet. i was referring to them and the way the report as they are listed on the ASX. People seem to think that we will have to report every event on a weekly basis. OSH do not do that, they release 1 report per month which covers all their activities.

2 discrepancies: PMO say 50 day well & 200 BOPD. 88e say 30 day well & 100 BOPD.

10:27 we only have to look at the way OSH report on the ASX, 1 monthly report, they do not report on each section as and when.

Tarth: $500k per day for a land based rig is way too much. Top spec drill ships for ultra deep water are close to breaching $300k. Looking at the spec of the rig & including the camp facilities I would guess in region of $150k would be more likely.

LSE lagging behind a bit as price is actually 1.125 and not 1.05. so only 4.26% down instead of 10.64%.

14:18 & 14:24 stocks will still increase during this time. look at SYM today, FDA APPROVES SYMPHONY'S ANTIMICROBIAL FOOD PACKAGING, up 124%. if the well delivers then our SP will be adjusted accordingly.

QS the well depth is in feet not meters.

8 x 1 share transactions done after 15:00 today. Very strange..

Was then gonna say that you must work for diamond drilling. But prem don’t have a rig from them on contract.

Investor: BOPD not SP

Rabito: it’s your opinion & don’t think you’re being negative just conservative. We have to get as much info from the vertical drill as possible (i get there’s time constraints but a 1 week test on each interval should be achievable). Also there no way prem are investing for 100’s bopd. This is being billed as one of the biggest wells of 2020 & i feel if we report low figures it will not go down well.

Rabito: the interval for the stellar targets is 700ft! With porosity up to 18%. If they drill through them & encounter excellent oil shows on all three targets then they have to test each interval individually from the vertical borehole. This is pure and simple industry standard (& good business practice). This will then give them the best data for which interval to drill the horizontal sidetrack into. If those oil shows are as good as they look & oil is light & mobile then I’m expecting 4 figures.

We was over 4p at certain dates in 2016 & 2017. If we discover & flow test 4 figures it’s got to surpass that price.

88 retain the rights to the HRZ & if they wanted to execute any works into that reservoir Prem would have to drill it for them but solely funded by 88.

BP did this deal with Perenco when they sold the Ravernspurn field to them in the southern North Sea. Years later BP then spent approx £100 million for Perenco to drill a well into that reservoir only for it to produce zilch!

my favourite points on Alaska slide.
Development drilling (2024)?
First oil in 2024/2025
you don't mention those on a whim.

08:22 There's no guarantee that it'll get approved thou.

LTI don’t forget indigo, it’s bigger than each of the Torok targets & the porosity is better.

Brom 10:02. Premier seem to think that oil here is nailed on! After all they have announced a first oil date.

08:00 This is a great example of why you should not put a timeframe on something being executed / delivered that you have no control of. A simple one liner of “PTD expected to be received prior to drill commencing” would suffice. Now as it’s not been received in the timeframe stated the majority get edgy.