Nope i think 35% is when we will get a good reservoir connection, some think it is possible at under 30% , they may be right but i am not optimistic that it will work at 30%
There is always that possibility that less than 30% is needed. Dw has always over promised and under delivered., so yes it may be possible.
I suppose my view on 35% is me trying not to be too over optimistic.
SYM do as you please, you will anyway.
i either or is just that. The other of the either or is not less a case of when not if it happens to be when at a latter date.
If you see what i may mean
Investeroid
Correct too many will see it as an opportunity to troll this share when it hits 30% and we do not get instant gratification from the reservoir. I would not be surprised if it takes up to 35% before we get reservoir driven flow.
Strongman repeating what we already know is best concluded with the last phrase
''as expected, at this early stage.''
Ps i do my own research and do rely on facts m not fiction be they rampers who hold here or members of the lunatic fringe who do not hold at all or do any research ther than try to interpret an RNS to mean anything but that which it stated
In addition ASX rules are far tougher than AIM . Under ASX rules people do serve time. So on balance of probabilityI do not find the ANN to be dishonest or misleading in any way
RE: What is wrong with the market18 Jun 2018 08:53
Yep injecting fracc fluid and slick water is not cheap, nice to see it reverse flowing out as expected. The minimum 30% removal guideline is getting closer, we are at 23%. excellent progress
Yes a retrace today in on the cards to follow ASX
i have not seen an fundamentals in the RNS that justify the doom and gloom. i do see Mm taking advantage with manipulating that targets the weak,.
Conventional leads indicate over 1.2 billion barrels high API, assume $ 5 pb that gives $6b or just over $1 per share about 75 per share. So if it takes longer to bring the HRZ home i am still not worried.
Tincup
''Not as good as was hoped for and behind sched''
So what was hoped for and by who?
Behind sched, yes it was hoped to be completed by last year. We know this!!
This current schedule is not behind time and each stage has been confirmed as delivered.
Jaffas there has not been any bad news!! how can there be any bad news when the objective of removing 30% of fracc fluids is still on plan. that the Mm have no more or less knowledge than that issued in the RNS tells me that they have preyed upon the weak and ignorant.
Eveb if ICe 2 does not come good
tell me how much the SP is worth for 1. 2 billion barrels of high grade API in icewine plus yukon. assume 5$ pb.
88e is to my mind is very well de risked