RE: Nonsense21 Aug 2021 08:44
@MR.Spacetomato, I appreciate your opinion, but there was nothing wrong with DM's strategy of tweeting regularly. Some companies do, some don't and in this case it was perfectly fine. The reality of success and failure for tai-1 were laid out plain and simple and had nothing to do with the tweets. It's a risk reward scenario and will naturally be on investors mind before they invest. We've learned a lot from the previous drill and our understanding includes:
· Helium shows identified in all three target formations
· Helium shows encountered over five intervals in the Karoo Formation.
· A 130m thick claystone unit was encountered above the top Karoo sands, indicating good seal presence for the Karoo reservoir.
· Wireline logging of the uppermost Karoo indicates good reservoir potential with 15-20% porosities.
It's all positive news, accept that the poor and deteriorating hole conditions, meant that the helium shows at deeper thicker sandstone units were not logged, and this wasn't due to a lack of trying by DM.
DM has done well to get straight into tai-2 and I for one am looking forward to the strong positive news and this is certainly a very strong buy for me and I'll continue to add next week.
GL.