Member Info for MIKEY30

Let the sells and stop losses take place. Allows the MMs to stock up and charge high prices once good news lands. If bad news lands. Well we at the current stage of our programme where we are still funded for 5 drills, minimising any fall. Undervalued company.

That's right, the 'At least one rule' in probability to determine chance of success for reward at one of the potential options.

Calculating the COS multiples many risks including the probability of a good reservoir, structural probability, hydrocarbon charge, of a trap and of sufficient commercial findings. Taking a simple example; Probability of good reservoir = 60% COS Probability of hydrocarbon charge = 60% COS Probability of trap = 55% COS Chance of success = 20% (0.6*0.6*0.55).

Blanket*

Bucc, I can assure you a degree in Engineering won't support a geology programme haha. You'd want a degree in Geology iteself, Geophysics or Geoscience. 2010PM good posts, patience is required especially now we're so close. The strategy this year to drill the Appraisal wells in parallel provides a comfort blanked in making this company a minimum NPV10 = 80M (15MMBO). As stated this looks very promising from post mortem analysis from previous oil finds (albeit not commercially sufficient) and analysis of the already producing fields in Block XIX.

Wildone correct, the COS will be higher than 20% for oil shows the calcs are multiplied together to result in 20% to achieve commercial hydrocarbons. The SP is currently priced for dusters so I cannot see this going much lower. The COS of one of the 6 drills in 2018/19 finding commercial oil is above 90%. Good luck whatever your strategy.

When invested elsewhere MM's played tactics tp activate stop losses before an RNS was released and the share price flew. Each to their own strategy but I will not be setting any stop losses on AIM.

I think it's the audio by MB which confirms the 70 days is for drilling, logging and evaluating results. Flow testing will inevitably take place afterwards.

All operational updates from MB have been at 7am bar the first placing and I suspect that would have been released the following date if it wasn't for press speculation. Mid way into the 70 day period for SL. Would be nice to hear news on the first primary target, if we don't receive something this week I am going to assume the results will come following TD, logging and evaluation 2nd week/3rd week of September. In the meantime, Super Bock, Beach and Sun until news arrives. GLA.

Statistically the house will always win...unless theories are being practiced which if spotted will lead you to be banned or worse. Happy for your win though, let's hope your luck pays off here too. Given the amount of bad luck recieved over the years I think the positive reaction is well overdue.

Agree Loz, wouldn't it be nice if we woke up to a 7am RNS tomorrow.

There are 2 deep (combined 3000m) and 2 250m shallow core holes in Blocks IV and V. The deep 1600m core hole found within the Tugrug basin is located near Fox not Snow Leopard...however this provides confidence in the siesmic data captured to date (proved by penetration to the basement).

Blocks IV, V and XX

SBB1, here you go. http://www.thisismoney.co.uk/money/investing/article-5753713/SMALL-CAP-SHARE-IDEAS-Hurricane-Energy-story-brewing-nicely-Lancaster-field-production-nears.html

Hey cash 2 it hasn't formally been announced in an RNS however an assumption can be made that the COS should be the same as Wild Horse given the exploration technical data captured is the same (20% COS).

Shin, 3D on Block XX. True, an oil find will make siesmics insignificant.

The reason for drilling SL before WH was logistical. According to the RNS, Wild Horse was best positioned from the Sinopec Facility to Falcon however following the 3D at Falcon it was concluded that the 90MMBO was a better shot than what was found at Falcon (Fox was being matured and still requires drill permits). There has only been 2D siesmic carried out at Wild Horse and Snow Leopard, not 3D.

Expected. Expected by the end of July. Expected/anticipated should be viewed loosely. It was the expected timescales by the company at the time (25th June). If MB was to update the market every time an expected date was missed with a new expected date until completion then there would still be moaning. We'll be at mid point on SL estimations on Monday (35 days), EXPECT an RNS next week.

Cash2, mid September takes us to the 70 days quoted.

Thank you 2010PM and from you, keep up the good posts.