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Or it could be ' we have intersected the reservoir at x meters, and will continue to TD' ?
Nice surprise this morning. Wasn't expecting this until next week.
Could be entering the Elang over the weekend with possible material news/rumours next week.
This bit sounds good.
"Perth stockbroking firm Euroz Hartleys describes Buffalo, which is 50% owned by Carnarvon, as “a material well” which should be easy to develop because of its shallow water depth (30m) and could generate a higher internal rate of investment return than Dorado"
Interesting read.
https://smallcaps.com.au/carnarvon-energy-returns-scene-big-oil-success/
If carnarvon go up 20% on results day I'd like to think Advance to do a 100%. It will certainly be interesting as to the respective reactions.
JavierP. You say that's silly and then go on to confirm the exact point I am making.
On results day we will wake up knowing by how much Carnarvons MC has moved. If they've gained $100m market cap, then that same move for Advance is massive.
It will be difficult to hold advance SP back.
I've been thinking Carnarvons response to results might be key. If they go up say 20%, that's 120m added to markt6cap for them.....that same move in market cap for us would be massive.
Helpful, that was the key point I noted too. Current results from drilling matching expectations from seismic models. Very encouraging.
This is quite a thorough overview. Not bad.
Seems a bit of a PR exercise happening, should drum up some awareness in the lead up to results.
Malcy also interviewing Leslie today...not sure if this been posted.
I guess interview will be out tomorrow.
RTO did cross my mind as something that might happen here later this year. I wasn't in rockrose at the time (was in i3e), but followed them and was interested in how the process works...
This link gives some idea on how rockrose rto worked. How adv would finance an rto for any deal I am not sure, that would be my main question?
https://www.proactiveinvestors.co.uk/companies/news/185798/rockrose-energy-unveils-transformational-north-sea-deal-185798.html
Things will change as we enter Elang.
Could be near $90 by the time Buffalo results come in end of the month.
Yes, excellent posts EG. Really value your input here.
Where do we think we are on the drill? 17 ½" hole completed and moving onto 2800m section?
I doubt we will get RNS every step of the way.
I reckon the next RNS will be when 2800m section is complete and we are entering the target zone. But I may be wrong...
I expect price to stay in this range now until we near the time when the drill enters the target zone (attic).
But I like to be proved wrong.
One previous drill missed the attic by just 250 metres. Previous drills in fact surrounded the attic, but not one hit it.
You could say previous operators were just unlucky as they had no idea it was there.
What's with all the small buys at exactly the same timestamp at a higher price of 4.2 p.
Same thing this morning at 4.25p. Also noticed it yesterday.
Are they some kind of automated trades?
Thanks to all the rig spotters.
Day and half to reach location. Few days set up.
Boxing day spud maybe?
Hats off to rig crews working through the holiday season.
I think as they were workovers they were not obliged.
Exploration/appraisal they would have had to.
Great news.