RE: Trying too hard29 Apr 2025 18:53
I think you're just as guilty of posting false information 10% - 15% really? If that isn't scaremongering I don't know what is. The other holes that were drilled were mostly on land of the 11 only 2 were drilled offshore and nowhere near where they should have been drilled! You know this so why paint it the way you do? because it suits your agenda. Even those eleven wells all showed evidence of oil and and active hydrocarbon system despite being drilled in completely the wrong place.
Technology has moved on even if you haven't. 2D and 3D seismic and satellite imaging have thrown up where the drills really need to be dug and Coliibri is the lower hanging fruit based upon size and chance of success that has been independently estimated much higher than the figures you're banding around and if we can get a piston core survey done that chance of success will only go up if the survey shows promise.
If you want to make a fortune on AIM this is exactly the kind of play you should be putting money into where there's an asymmetric risk to reward. There have been oil seeps found both onshore and offshore, drilling albeit in the wrong places have indicated an active hydro carbon system, the geology is right for the presence of oil. Everything points to it being there and it isn't just UOG or Bryan Larkin for that matter that think so. Independent auditors have looked at the data and agree as did two majors who were ready to sign on the dotted line. If it wasn't for a bit of bad luck in that they changed corporate strategy we'd be flying now and this whole conversation would be moot. With the orange idiot in the oval office and the success of other nations close by the tide may have just turned in our favour, at some point I'm certain this is gonna get drilled, as the last remaining large frontier basin in the region it has to. Anyone invested would see a substantial rerate on news of a deal, probably a decent move after the piston core survey permit comes through, another rerate if the piston core survey shows promise, a further rerate on a decision to drill and the jackpot if they stay until we strike oil. So there are many potential rerates and many potential exit points for peeps to take huge profits should they wish. Stating it as a black and white outcome with a small chance of success is utterly misleading and not an honest representation of the opportunity here.