Member Info for mcadder

Posted over on the ASX GLV forum today

Bpharma
3,105 Posts.
02/06/22 07:06 Post #: 61768302
"i gather work on the rig goes 24/7 so maybe you are right
re hitting td today or tomorrow with the execs flying out to the rig today to see first hand our baby come in
wooosh"

MrMozambique
528 Posts.
02/06/22 08:45 Post #: 61769713
"It's interesting that the big Chief's are heading to the rig. I haven't heard of that in the past, so to me it shows great confidence in this prospect.

It seems the odds a little higher than normal opportunities given the nature of recent discoveries in the area.

Time will tell and I hope for our sake, it's a positive one."

"Building on the Mentorc discovery and armed with the latest 3D data and advanced geophysical techniques, Western Gas has been able to demonstrate that Sasanof has the potential to be another Giant Gas discovery.

Independent assessment by ERC Equipoise Ltd (ERCE) of the Sasanof Prospect estimates a 2U Prospective Resource of 7.2 Tcf gas and 176 Million bbls condensate (P50 recoverable), with a 32% Chance of Success. The high case 3U Prospective Resource estimate is for 17.8 Tcf gas and 449 Million bbls condensate (P10).

Sasanof-1 will be our first exploration well drilled in our extensive exploration portfolio surrounding the Equus Gas Project. The Equus Gas Project has a historic exploration drilling success rate of 88%, with 15 discoveries from 17 wells."

"POTENTIAL TO BE ANOTHER GIANT GAS DISCOVERY"

A lot riding on this drill, this is definitely one of those drills where you'd sleep a bit more easily at night having risked a decent chunk of money on it. The seal is the main risk here, and the main reason they put the COS at 32%, but initial indications from comments with the latest interview gives me confidence that this has been addressed. What I don't want is for info about the drill to be leaky, hopefully it won't and fingers crossed 7am on Mon we have a game changing RNS awaiting us...

Cont'd....

Beno77
3,443 Posts.
31/05/22 20:16 Post #: 61737433
"They nail this drill it’s just the start . Multiple targets in the horizon.

Just the confidence of David clearly
understands the potential and risk comparison to North Sea with less risk.( Depth Environment Swell)

As of 31 May 30m into outer casing. Structure sounds gas tight"……

CJTJ
5,240 Posts.
31/05/22 20:27 Post #: 61737615
Agree VatrenHR

"PRM and GLV can learn from this...

this fellow David Horgan sounds like a very intelligent knowledgeable and experienced Oil man, who has either been given a late opportunity to join PRM and GLV into the acquisition or how ever CLON has managed to secure a percentage ...he knows he has made a wise late decision, and now he is even involved in quality control and strategic thinking of this well.... maybe this is the reason it was offered to CLON..who knows...

either way the interview has just raised my mood and excitement after it was battered yesterday and Friday by sell downs...

Now I don't give a dam on who is selling and why they are selling, I am more focused on what's possibly ahead..

good luck and fortune to all involved"

Bomber78
8,556 Posts.
31/05/22 20:57 Post #: 61738120
"Mentorc is the perfect structure and porosity. If this is big daddy it’s a company maker. Indications so is suggesting all data is highly accurate. No wonder dir buying $170k."

Andy355
1,001 Posts.
01/06/22 20:10 Post #: 61764347
"I hope that they are very carefully drilling through the top seal it's our main concern, I'm thinking that they slow down RPMS near the end which is why I think it may take a little more time to get through. But as long as it's intact it's all worth the wait.
These boys arnt like the other cowboys on drill rigs. There professional"

HotOilers
193 Posts.
01/06/22 19:57 Post #: 61764117
"500m to go after they set the 13 3/8” around monday - should have landed BOP and recommenced drilling and could be close to our target now.
sasanof heading down the back straight now….

good luck to those who stayed in - should know the outcome soon."

VatreniHR
1,889 Posts.
01/06/22 16:16 Post #: 61758930
"Good closing auction. Those who wanted out, probably had their last chance, likewise those who wanted in.

No one left but us degenerate gamblers.

Hopefully they do the right thing re continuous disclosure obligations and halt from tomorrow until the reservoir is penetrated."

Onspeed
3,952 Posts.
31/05/22 20:07 Post #: 61737302
"What the Clon chairman stated in that interview was interesting. He indicated that the seal was thick and as expected into the top seal, and as per the same discovery down dip from us. Noting that they are actually 30m into the top seal

This improves my confidence this far into the drill."

Last boarding call for the Clon express, time once and for all for people to make their mind up, in or out lol

Just bought another 441k shares at 0.387p to take my holding to just over 5M - boom or bust time but I'm quietly confident of a positive outcome here. I think some placees have sold out not because of a problem but perhaps they can't stomach the risk and are taking their modest profit from their 0.25p shares. Fair enough each to their own, but I think by next week we will all be smiling ;)))

This is going to motor this afternoon ;)))

The quoted figure of 32% COS imo is extremely conservative based on what we know so far, and obviously a key consideration in reaching that % prediction is whether they can get a thick seal that keeps the hydrocarbons in a trap. The mention in today's interview that they have a good seal so far is key and in some way derisks things. The rest imo is just more of a formality given the excellent seismic data that exists along with previously drilled wells....

"The Sasanof Prospect is covered by several high-quality modern 3D seismic surveys. The Glencoe 3D survey is the most technically advanced and analysed data set over Sasanof."

"Western Gas has considerably enhanced the seismic data with reprocessing and inversion projects. One of the key geophysical advantages, and reasons for recognising Sasanof as a significant play, is over 20 wells in and surrounding the Equus blocks have been used to calibrate the Glencoe 3D geophysical response. The data is of excellent quality."

"A key focus has been on the analysis of the amplitudes including a comprehensive Rock Physics and Quantitative Interpretation ("QI") study by the industry leading seismic processing company DownUnder Geosolutions ("DUG"). One of DUG's main conclusions from its QI study was that "updated lithology and fluid predictions confirm the prediction of gas in Sasanof".

This is literally primed to blow, MM's will have to let it go soon, classic 10-20 bagger in the making

Sells drying up finally, this looks like it's about to turn ;))

Thanks maidit ;)))

The pair of you are unbelievable, as I've already told you, I've already looked into the company myself, I was after a perspective from a current shareholder, both of you morons are now filtered as I've honestly got better things to do than waste my time arguing with a pair of idiots ;)))

Well I never asked for your input Phimx, clearly anyone that shows a remote bit of interest in this stock gets berated by you, why's that eh? Lost a packet here?, been waiting for what seems like forever eh? Not my fault is it but I must be getting warm as every single one of your posts is marked 'strong sell' lol
And for your information I've already looked at the company's history and just wanted a perspective from a current shareholder (clearly not you though) but thanks for the warm welcome, not

maidit - this has been on my watch list for a while. Is this worth a punt? If so what next bit of news are you expecting here in the short term? Many thanks :))

There are four possibilities here.
Either 1/ This is simply being traded in between news and therefore this will rocket when decent news lands
Or 2/ There are still shares being sold down by one of the TR1 holders who are seed corn financiers cashing in their shares who were granted shares when this relisted
Or 3/ There is a placing looming
Or 4/ There is a problem either with the roll out of the product itself, results from the tests or an issue with one of our royalty deals etc etc

Hopefully it's scenario 1....

This is becoming more and more frustrating trying to find the bottom on this stock. Will the selling ever end? 150k sell just gone through at 1.69p, this can't carry on forever, especially given the product they are hoping to roll out to a global market, c'mon Ciz let us know what is going on!

With the product at manufacture and distribution stage, potentially £150-200M

Chris, I noticed that you had tweeted late Fri about CorePath making headlines over in the US regarding their recent partnership with Cizzle - I wonder if we'll see interest from investors over there? Mcap is so tiny given what's on offer, if we can just sort out initial revenue for the product which can't be far away then we're sorted here

If Ciz can get just 1 revenue stream to start filtering through then any doubt over finance will be quickly put to bed...

Perhaps this explains the SP decline over the months, this has been my one and only worry that for sometime cash must be low, so we've gone from 2.2M to roughly 850k from May 21 to Dec 21, even with conserving cash from Dec to pretty much June we must be on fumes