Member Info for mikemike

I was very interested in your take on 'choke management' and its potential for an adverse outcome. I was looking at it purely from a position of protective management of the pores and the proponent. Now I see how much I do not know. I would welcome a view from Older wiser plus Garry m on this specific area.?

Very good well explained laymans post, well done. We should have more of them. It's appreciated. However I am just not as positive as some of you are at this stage. I do have my concerns from what went on during the last well and what didn't happen. IMO the constant messing around with choke size concerned me last year, as we know choking/cycling can be detrimental. It comes in slugs and if a slug hits the choke it reverberates and takes up to the next void which is downhole going south. Risk reward and Daves team should be well aware of this. If I continually read choke changes hourly then it's done for me. They will get traces of oil for ages, the pore throats will have all sorts of emulsions and the capillaries will take effect. Only the team know true rock properties and will know if it will flow or not at this stage or next day or 2 imo. This is a tough one especially at such low rates, so the natural rock is tight. It's ok to say its fine to say it fracd well but if the oil can't get to the fissures then it's a tough call. Anyway going off SP what an unexpected ride. For me it enforces the real risks/rewards of investing in a highly volatile stock and where top 20 are MM's. We have 2 options hold no matter what and wait for official news failed or success. Then wait another 12 months for all 3D, Yukon and more wells in 19 to get a decent reward. Maybe buy more and average down till next development to begin. Many will sell when announcements are made in future, lol, can't remember SP ever going up after an announcement lol.. Joking!!!! Seems that way though. Joy of a spec stock. Or do as many are doing and trade the ass out of this stock and hope it doesn't hit success then be left with pants down chasing a SP to get back in or if fails made a good profit then buy in at much lower price with all those profits, ready for new news during the year if well fails. Simple isn't it guys. Anyway no stress from me will endure the journey. One think to remember is the more wells they do the more they learn!!!! GLTA.

WA great result

BIGHOW do you not know how to read a simple RNS, or just having a reading and comprehension skills fade.?

Yes this level is probably the support level on the basis that the MCPP is still in play. Should the market know the MCPP was not going ahead then this would go sub 2p until the other assets come into play. That the sp has not been slaughtered tells me it is just the Mm trying it on to steer the herd their way. The sp is now n back off its day low so no news or even a smattering of bad news is in the air. This looks like a prelude to a significant re rate upwards, and onwards.

Agreed this looks like Mm trying to flush the shares in anticipation of the best news we can get at this stage. There is no leak of terrible news, if there was the sales activity would be in the order of magnitude and the sp would not mess around with -6% it would be wholesale sp slaughter. I sense good news coming some time in the future, perhaps?

I think dw said a figure not less than 30%. he never put an upper figure. My figure is 35%

I believe we can expect to wait for a two weeks for results of flow tests and they will not be starting those next week

23% to 30%

I would be surprised if they have gone from 23% to 40% fracc moved in a week. I think the next RNS will be ''steady as it goes, all going to plan''.

with 603,553,598 shares in issue, 600,000 shares sold is not exactly market making or breaking. probably some who think they cannot afford to wait etc

we are booked for phuket hoping to find that it is going to be less damaging on the wallet. Has 5 more than full sized swimming pools as well as white beach front. Do not trust the internet there for up to date information like pricing, we did and got mugged. Often two years out of date.

'seen snow'

Gillie load up on the dosh, unless Lc can get a RNS in now for a 600mw starter!! there is a 50% price hike for any activity as you will be a foreigner. We suffered that once at Snowtown as the kids have never seen seen outside the national geographic. Hideously expensive except for accommodation which was also very good standard. with excellent free internet.

Ok so we have a pair of stilletoes in alaska

Garry ty for the response can the ice 1 well be drilled out to meet production needs. as it is only about 50' away is that a viable distance?

I know ice 1 was an exploration well, is that the second well you are referring to? I mist admit when Paul talked about the flare cut from the old wells it did make me wonder if they could be converted to Horizontal. I am not sure but i think there might be 6 of those wells and the analysis may have come after the commitment to ice 2. Be nice if they all became horizontal prospects

I believe this reference pint came via Yaki? who reported this as part of the general chat after the Katoro AGM

Now that Trump has started his trade war with the Chinese. i can hardly see them stepping up in Alaska Looks like Trump and his feds are going to have to be more than active. I wonder if the EXxon and ex trump man Tillerson is going to be a player?

Yes they do need to drill more question is where? over in the west where the shale wings are thickest and volumetrics highest? aligned with the two proposed Conventional drills for economy of scale. Or have a stroll around the other 300,000 odd acres and stick another pin in the Tundra cushion? The funding of this will need to come from a successful farm out of the conventional