Member Info for Milcait

I have a little in here in an old sipp.

Need about 6 bag from here to break even from previous bad choices, so I really not got much to lose...Will just watch how this plays out.

Can see a x2 from here even pre drill.

Analysts running with current valuation of c £2.40 per share. Nice. I'd be happy with £1 to start with :)

I've seen rises pre bad news and falls pre good news in the past, and vice versa.

Very hard to predict here.

I think rate of drill may slow through the primary target as they will want to carefully drill and log results.
May get oil shows for Monday, but not sure on TD. Fingers crossed.

At current rate, could be around 23rd april?

If it hadn't been Easter break I suspect we would have got gas shows as a separate RNS, as this would have been picked up during Logging While Drilling (LWD).

Lots of info coming out this well. Next news could come any day.

Would they slow the rate of drill through the main zone? They seem to have gone really quick so far. Exciting few days ahead.

You can be unimpressed with the price, but that doesn't change the story that might unfold.
Just a waiting game now.

Thanks guys that's really helpful.
Do you think by Tuesday we could be into the 4th and final stage of the drill? Or is that pushing it a bit?

The BOP being installed now at 1050?!
Is it normal to install BOP way above where HC expected. If HC not expected until below 2140m?

So gas cloud is below 2140m?

What is depth of top of gas cloud?

Anyone know this info? Cheers.

Spud 10/4
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36 inch To 588m
setting conductor now 12/4?
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17 1/2 inch To 1050m
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12 1/4 inch To 2140m
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8 1/2 inch To 2860m TD

Hope I got this correct?

Steve, thanks for the videos. Very helpful.

Is there just one target zone? Or expecting multiple pay zones?

If 41% geological cos, what is the chance of oil shows? Got to be more than 41%

Yes, it still looks good imo.

https://www.weatheronline.co.uk/marine/weather?LEVEL=05&WIND=g235

Drill site I believe is just above 20N/115E

Also, whilst today's news was great to confirm what's happening, some would have either perceived it as another little delay or would have thought they've got another week or so before spud, so no rush etc

Either way, aim is a bit unpredictable. Tomorrow we might get no news and be up 10/20% if a fomo kicks in.

Yes, just checked wave forecast again and from Tuesday there is a good window to mobilise.

Same thing I am questioning. So difficult to value with gas prices.
I found one article last year and was value at about $3 per bcf. But no idea if that was accurate.

Swingy, so you are valuing the 2c 40 bcf to eme at about £200 mill?
Have I understood correctly?

And also new isa allowance next week :)

Weather clears for mobilisation from tues/weds imo.
Last few days before Duyung news is due (on the 2-4 week timeframe).
Anticipation should build. Maybe today, maybe not, but certainly next week.