Member Info for PageofCups

That's not clear at all Rojo. Changing your story to cover up what you said. Tut tut.

I doubt Rojo is a shareholder. He doesn't even think you can deviate a drill bit. His post this afternoon about there being no commercial gas at Ntorya is futile.

I don't think so. You said the sp wouldn't break 1p and you'd eat your hat if it broke 1.2p.

Trying to fight the progress being made by ARA and Aminex is futile.

Can anyone recall Rojo being accurate about anything?

Aimster, they can deviate the drill bit 800m no problem. Chillout man.

Does that mean the multi billion dollar Zubairs believe in fairies?

Aimster, They won't change the location of CH-1. They were all ready to drill in November until the rig wasn't available. You would have heard if the CH-1 drill location was being moved as they would have constructed a new drill site already in time for the drilling in November.

Pretty sure that in 6 months time a lot of people will have wished they bought shares at today's price. I don't think you will need to wait 6 months for an increase above the recent 1.3p.

hardnose, welcome to the world of shares.

It's an opportunity from 0.9p to 2p in 6 months, will be 100% gain. If you look at the beginning of the year when the sp was 0.6p, those looking ahead have seen an increase of 100% to 1.2p. The slight fall back is an opportunity for another 100% if you want to take it. If you were in at 0.6p, then it's 200% in a 18 months. The drill will be done. Those that got in early on for the drill have already done well. It's just a repeat of where we were at the beginning of the year.

So 6 months from now with CH-1 drilled a sp of 2p. If you want to make money you have to look ahead rather than back. It's an opportunity to buy for what should be a very profitable 2023. Even looking back at the sp and the high it reached is a positive for the stock as it demonstrates the potential and shouldn't be looked at negatively.

Not sure why anyone would be negative on AEX. It was 0.6p at the beginning of the year and went to 1.2p, so 100% gain. It's now settled back to 0.9p and the main course has even started yet.

Probably still get confirmation of the 3D seismic at the CH-1 location and what they think the well will be targeting. Current estimate is 1.990Tcf based on 2D seismic interpretation. Be great if they thought it was more.

I would say they're gearing up for some news. Oil is pushing $100. Discussions on farmout must be nearing a conclusion. The report study on costs for early production is due anytime now I would think.

Yes correct. That's the 3D seismic which will confirm the drill location for CH-1 which has been chosen based on the 2D seismic, which to date has been accurate. The 3D will also confirm optimal location for placing the drill bit in the targeted reservoirs. This is the most important aspect, being able to target the reservoirs at the precise location from the CH-1 drill location. The drill bit doesn't go down in a straight line and can be deviated to reach the targeted reservoirs on the 3D seismic.

I wouldn't worry about the drill location for CH-1. It's been chosen on 2D seismic which has already proven accurate for drilling on NT1 & NT2. The drill bit can be deviated over a fair horizontal distance to a depth of 3500-4000m to penetrate any chosen target on the 3D seismic. Unless the CH-1 location is 10's of Km out, (highly unlikely, that would be a huge error), then it won't be a problem. They're targeting the deep channel updip of the fan. They can put the drill bit right in the middle even if CH-1 isn't over the channel. I would relax about the CH-1 location. Remember, we were all on track to drill this November, until the rig wasn't available, so the location is good.

£19m is an insane Mcap for a 462MMb of condensate and LPG of highest quality with no impurities. The deal must be closer now than ever.

BOR Mcap £19m Lol

Oil is at $97. Can only be good for the farm-out negotiations. The revenues from Darwin are huge. This not a shot in the dark for a partner where they're trying to find oil and gas. It's already there waiting to be pumped. Oil at $100 has got to be a deal maker.