Member Info for mmafr

Let's try to see it positively. The management would hardly invest over 4 million if they were not much more convinced now to find something in Djeno!

sorry, wrong Board!!

I wonder where he is. His well-founded analyses would certainly be helpful now.

I wonder where Strongman is. His well-founded analyses would certainly be helpful now.

I think the most important message from Sefton was his talk about the interconnection! This could really mean a quasi-never-ending flow of hydrocarbons….

Holy sh...t ... when I see his excitement, we must have the jackpot here!

If true, this will help us too, the market will fly tomorrow :

Just had a long and very good call with President Xi of China. Deal is moving along very well. If made, it will be very comprehensive, covering all subjects, areas and points of dispute. Big progress being made!

Time to thank all the posters (Strongman, Spike, fjone, Marine, theiceberg and many others) who didn't get tired of putting things in the right context here on the board and keeping hope alive.
They have been right with their predictions and deserve recognition.

Thank you !

Can one really assume that news will only be released after a meeting with the government? You can hardly keep an oil discovery secret that long! How do you see that ?

Official announcement or not, the course of the share price should already show in advance whether oil traces are present or not.
There are always leaks that chat.

Since we did not receive any news after the market close, I am optimistic. Friday after market close is known to be the best time to publish bad news, whereas Monday morning is the ideal time to announce positive ones. So bring on Monday morning.....

We had a high volume last Thursday when there was a sell-off. That actually made me skeptical, especially since we have to be in the 3rd zone (from the timing). My little hope was that the sell-off was based on the generally negative trend of the markets. Therefore, if WH-1 should be a duster a PR was to be expected at the latest today before the opening of the markets. The PR didn't come, now hope is growing again.

"SP only indicates lack of interest. It does not indicate lack of oil."
This sentence perfectly describes the current situation!!

Unlike some of you here, I think that the longer we wait for the result, the better the chances of a positive result. Even if it is difficult to compare boreholes due to their different geological conditions, the last 3 unsuccessful offshore wells (Pancontinental, Chariot, FAR) have all stayed under 21 days, and this despite some were drilled much deeper than WH-1. A borehole consists not only of drilling and cementing the borehole, but in the positive case also of analyses (if HC's are available). Well, the described wells all contained just water in the investigated zones, so that the analyses were obsolete and the drilling time has therefore considerably been shortened (the estimated drill time were similar to WH-1). We know from the seismological data that WH-1 contains several promising zones. What we do not know (and only drilling can provide this information) is whether the zones contain HC’s or are just water-bearing. Therefore, I think that so far the drilling must be positive, because in case of water-bearing zones, we would probably have reached TD already.

I'm not surprised about the huge skepticism that prevails among investors after all the negative oil drilling in recent months (Pancontinental, Chariot, FAR, ...) ... All dusters despite some excellent prospects. Nevertheless, this does not justify the current price, PM has 4 more, already funded drilling in the next 12 months. The chances of a hit are therefore very good ... hopefully already in this monster WH-1.

"Don't invest if you don't want to win (big time)." hahaha you made my day... thumbs up

When a company publishes tweets, it’s always a positive sign of communication with its shareholders. However, when a company publishes tweets directly related to WH-1 and this at such a critical stage, it is clear to me that the drilling must have been positive so far. Otherwise, in the case of a duster, our CEO would look pretty stupid.

To underline once again the high risk of oil exploration. FAR Limited has just released the result of its Samo-1 drilling offshore Gambia (total depth of 3240m) --> a duster, and the well had a COS of 55%!
It is also interesting to note that the drilling of Samu-1 started almost simultaneously with our WH-1 well. Therefore, it shouldn't be long before we know whether WH-1 contains water or gas/oil.
The clock is ticking and it remains exciting. Good luck to all of us who invested!

agree!

New Tweet from Petro Matad .... One should not interpret too much into it, but such messages can also be regarded as a hidden clue that so far everything is going well ...

The Wild Horse-1 exploration well is named after the Mongolian wild horse (“Takhi” in the Mongolian language), a rare and endangered horse native to the Steppes of Central Asia. Once extinct in the wild, the species has been reintroduced to its native habitat in #Mongolia