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Nice little write up...
https://www.upstreamonline.com/exploration/slight-delay-late-december-for-big-timor-leste-offshore-well/2-1-1122436
DPYC,
Have a look at carnarvon SP June 2018. Something similar here would be very nice on results.
Although in reality it's very difficult to tell how this will play out with such a high cos. It might be a slow burner. Who knows.
LinkedIn chap also confirming workovers completing within 1-2 weeks . This feels like the last little delay.
Go Sirius will assist tow and Skandi Atlantic will be lead tow. Takes 2 days to Buffalo 10.
Hopefully things happening this week.
A few aim shares done well in last week. Hopefully a bit more liquidity in the small caps. Could be helpful here for December/ January.
Hms, seriously. Rig handover is within 2 weeks. We are still in that time frame.
If you can't handle a small delay (which is perfectly normal for o&g) then you need consider what you invest in.
Not everything with o&g goes smoothly. Peterson is not.in control of the Jadestone workovers.
With the ship movements around the rig last few days it looks like they may be wrapping things up. Ready for the handover....imo.
Yes Viable,
A lot of activity around the rig again today.
Within 2 weeks rig handover = next week.
Not long to wait now for the excitement to begin.
Been in since 21 May. A long patient hold for me. Will all be worth it come Jan hopefully.
Oiler, carnarvon's ASX news on 28 Aug 2017 contains a fair bit of detail and makes a good read.
I reckon a day ending in y.
A couple of interesting snippets I read.
One of the original Buffalo wells missed the attic by just 250 metres.
And they used the most powerful computer in the southern hemisphere (at the time) to reprocess the data.
Hi JoininGsy,
May I suggest you read through all ADVs RNSs the last year as you will see this is all explained/known/accounted for in the agreement with Carnarvon.
Patch13 .
Also, don't forget they should hit the top of the attic soon into drilling and that will be a big indicator on quite how good this column looks.
ST. I noticed that the other day. Carnarvon 500% up when dorado1 hit in June 2018. Quite a rise that was.
Volume very low last few days too.
Will need news/mobilisation to bring volume and to help break higher imo
Mine does now show a Mc of £43mill, so good news, they have updated it :)
Thanks Admin for listening...
LSE ADMIN,
PLEASE CORRECT THE SHARES IN ISSUE ON ADV.
THEY ARE OUT BY A MULTIPLE OF 10.
MARKET CAP IS c£40m, not £4m.
This has confused a number of people.
Thank you.
No problem Wyn. I get your point.
I just think what's happening is a basic principle of share price movements, rather than something you need charts for. But I guess some people start trading/investing and don't even know the basics. And then panic when a share drops. Not realising it is just part of the process. :)
Hi Wyn,
I just think you don't need a fancy chart to see what's happening here.
And a chart is not going to tell you whats to come.
If this drill is successful then ADV will be on course for considerable cash flow, and hopefully a rerate.
Yes I get that. I was in he1 too and took profits based on news not on charts.
Likewise here, currently it's driven by expectations and news will come....chart use is limited here at the moment I believe.
I don't think you need to be rocket scientist here.
It took step up to the 3s and consolidated.
Then up to the 4s and is consolidating now.
Awaiting the next leg up.