Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Lol! Nobody cares about Muses and the other bedsit traders. He's just an uneducated prat whose opened a profile to obsess on JOG - no technical insight, just rehashed, generalised warnings you see on every board. Shares go down after a drill starts and then they bounce. Big deal.
Sound has announced this morning that the TE-10 discovery has been confirmed and that independent consultants ERCE has undertaken a petrophysical analysis upon which the company has acted. Accordingly the company has made an upward revision of net pay estimates of 47% at the top end of a 9.5m to 13.1m (mid) to 15.4m range.
Following the latest seismic mapping, modelling and net pay analysis the company has estimated the gas reserves found at TE-10 to be across both structural and stratigraphic trapping geometries. All this gives mid case potential on a gross basis of 1430 bcf GOIP with a 3408 bcf GOIP high case and a 584 bcf GOIP low case. It seems the bold exploration strategy is paying off. Clearly as is always the case with large discoveries, there will be the need for further appraisal drilling.
Accordingly a well test at TE-10 is expected to commence ‘within four weeks’ when specialist equipment has been brought to site and at which unstimulated and stimulated production flow tests are expected to take ‘at least 30 days’. With the material upgrading of the net pay in the well, the prize of a multi tcf potential gets closer and with it the dream of unlocking the Tendrara Basin becomes nearer to reality.
Well, thankfully we aren't relying on your "nerves". It was as recent as late Nov, before the TE-10 discovery, you bleated "40p looks possible and I'd take that in a heartbeat right now." Careful whom you listen to, folks.
They don't find the RNS negative - they merely resent it. Judging from their post histories they are abject failures in their other investments (Simon, 250, etc.,) and project their jealousy and frustration onto here. They either want to get the price down to buy in or have little to no cash remaining and start to lash out on success stories. Make no mistake, in Parson's words "TE-10 is a discovery".
Superb article which clearly unsettled a few traders on here.
"As if T11 [sic] blows the socks off then perhaps we become to [sic] expensive or if not so good it dilutes some of T10[sic] (if good) achievements-just rambling! Every post you refer to the wells as "T10" and "T11". Get it right, man! 'TE-10' and 'TE-11'!
Does anyone still pay attention to Exploration? The guy is either a dunce or is powerfully self-deluded in his understanding and application of probability. Check out his previous posts. Relentless train wreck of deramping and bad calls.
Rathole, your posts are an illiterate, uniformed shambles. Deramp everything you can and hope you get lucky. Truly pathetic. Read the RNS again until something sticks.
Very encouraging indeed. Cue Redrich/Robaich for his subtle deramp.