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).15pps very unusual.
In effect, nothing has changed since Nov. Other than we are closer to news. Looks like the market doesn't want to see this as hitting oil beforehand.
its not offshore. or on the moon. its profitable down to $35 a barrel. probably why pmo have taken an interest.
If I am right table 3 are shallow well near where we are at.
http://dggs.alaska.gov/webpubs/outside/text/blm_ofr_034.pdf
bodes well for shallow target.
https://www.ft.com/content/580ea318-eb04-3f11-bc70-8474cfbc0853
https://www.ft.com/brandsuite/cme-group/next-oil-boom-excitement-alaskan-crude-builds/index.html
https://www.ft.com/content/51fa31ce-c8f0-11e9-af46-b09e8bfe60c0
https://apnews.com/3420f63d451685a0208bf332a6c34f32
The was an evening standard article a month ago on this. ARCM are on of 6 lenders to PMO and also have the biggest short pos open.
too true. sit tight. get practicing for the upcoming airship cleanup.
gold has been increasing for a while anyway. this virus business will only add to it. i started a thread on general chat. not many read it. i think the words "oil discovered" on any target will get the ball rolling.
Lets hope its not the one delivery a month for alice springs. if it is they really will be in the ....trouble
Dont like the look of the SP today! Think i will turn the monitor upside down to make me feel better.
wish you had said! you would saved me scrolling back 20 pages to find it.
if I am reading it right? also is AUS bank holiday mon?
honestly. i posted it because i read a few posts where guys were having a conversation on drilling progress and news. the graph was posted 2 or 3 days ago by someone trying to give background to possible progress. nthing more. probably posted it under the wrong heading or subject!! terminology issues aside, it was a kindness i could hopefully repay.
looks like it could be 2 to 3 days at each target.
graph indicates around 480ft per day as a rate of feed.
found the link i think. graph is down the bottom. time vs depth. old drill.
http://clients3.weblink.com.au/pdf/88E/02070754.pdf
it is there if you want to look. is my point. constant drill feed rate. and non drill periods.
ok. timeline of the format y=mx+C
i know. that chart was linear. with pauses. you could make one for this drill. again it was good of newanda to put a link on.
drills hit hard points and slow. correcting drill paths to keep the bit where they want it. crews tiring/odd breakdown/unforeseen delay. and i know. its not linear. but if you try and predict you have to start somewhere.