focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Timster, the Tagi on TE7 started at around 2633m and te6 was 2525 so I imagine a similar ballpark area for te9. So that's probable 400m from last casing point, and then as you say 800m from casing point to TD. I fully expect them to be in the Tagi reservoir now and things will surely slow down through the TAGI and into the Paleo. I have always pencilled in the 16th Nov for TD, but am hoping that they are already seeing plenty of gas shows. They must have some idea already if its panning out as they predicted. Oh to be a fly on the wall .....
someone is certainly hoovering up lots of shares in small chunks....just look at the last 15 mins trades. Clear manipulation yet again. We will have our time yet. Could do with a snippet of news as this wait is dragging on now. I'm super confident we will hit commercial gas in TE-9 and at the same time gather a great deal of information to support the basin model theory. Personally I think the COS of 30% is irrelevant with all the data we have let alone the world class team running this.
My gut is telling me we must be in the middle of the Tagi by now and TD by Friday. I have absolute faith in the Geologists having studied the Deep Dive presentation. It all makes absolute sense and can't see this not being commercial. Just wish we could fast forward to flow results as this wait is painstaking.
We may need a bigger pipe.....
The beauty of a success of TE-9 and then TE-10 is that it will prove up the basin model and theories around axial flows etc as described at the deep dive event. Alongside core samples taken from the tagi and Paleo, we should get some very significant information from this drill alone.
Back of the fag packet calculations for timings:
Assuming 85m / day drill rate (based on TD 2980 in 35days), first casing point at 450m will be in 5 days from start of drill. Then a further 21 days to get to TOL @2240m (I'm assuming that's the Tagi), then Paleozoic 9 days after that depending upon how long it takes to secure casing points.
with the 45 day schedule i.e 66m/day, 7 days for first casing point, then TOL day 34 and TD 11 days later.
Obviously, just my rough calls, more than happy to be corrected from anybody more in the know.
Such an amazing opportunity and incredibly exciting.