Member Info for MrMarkyB

By the end of January we should get preliminary results of the 2nd spud and details on the 3rd location hopefully.

Well said OilAnalyst, I was in the process of calculating similar.
The over pressure of 30% very interesting, In the 70s-80s it was stated by ECHO that drilling in TA caused a significant blowout on a drill.
Have a look on wiki for more detail, https://wiki.aapg.org/Pressure_detection

Yes interesting that it maxed out 1,000,000 ppm - saturated!!!

Shortly I will look over the RNS in more detail, it was stated that hydraulic stimulation is common in this area and so they are progressing forward which is positive. 6 zones of interest.....

You guys better not invest then if that’s how you feel, good luck with your investing I guess bruised from sou! Bye

You have no idea what your talking about! Never seen you comment here before! Do you know what is involved with exploration at all!!

Looks promising, next stage complete and test

Gas to surface would be very nice!!! but lets wait and see, what will the mud logs show us.......we would then need to wait for testing and hydraulic stimulation.....fingers crossed....be a nice xmas present :-)

So we enter week 4 of the drill..........not long to wait now...GLA

From recollection the COS is derived from 6 factors, if you look at the investor events videos Julian explains it for TA and think it was as people have stated between 30-40%

It’s the well on the new asset that is interesting, it’s 2km from Chilean border. On the Facebook group some pics were put up showing wells on chile side. Perhaps the drill bang into a known formation trapped in Argentina. The fact they are using the same rig shows good rappor.

It was mentioned in TWTT that in the new year they will look at investor events, by that I guess they are waiting for results on first drill, if positive then it’s an easier sell to investors

Best of luck on here, wouldn’t touch anything north of echo now - if you know what I mean !!!!!

Transformational = multi-bag (£) or multi-bag (coal)

WT - there are many questions that remain unanswered and only time will tell.......

I disagree with your comment on cash raise, it maybe the case but you can't really state it as a fact!

I think you could be looking at roughly $2.3 million gross, hard to determine gross but MH did mention about losses on last year which would benefit us

You can ask that question in a few minutes!!

I think we are in a very good position now but the market still wary. I think we are all on edge with this first drill but then that's exploration. As work starts to progress on the new asset it should hopefully give us a steady income stream.

You have to be realistic that we’ve had the asset a month and cost reduction will be key. But the figures show reasonable production that in theory we make a profit towards our opex but hopefully all.
Put your question to the team today, I’ll be there with questions to ask.