Member Info for RatHole

Fair questions didso. You can 'map' the largest structures on earth sub sea and excite the minions, a classic example is BPC However the big question is 'are these charged' ? No idea in BPC case and less idea in EME China case. You are correct the Chinese take no prisoners (vs the Bahamins) , and the GSA clock is running down quick. The only way to find out is to put the science to one side and DRILL. Take Care

Sorry not familiar with Eco Atlantic. Which block offshore China do they have? Take Care

PVR had competitive options in a dead rig market - EME have a choice of CNOOC or CNOOC - big difference - hence foreigners rarely play in these waters - it ain't easy - especially chasing the clock - the SP tells you this surely?

bigspike 300m+ depth is a semi sub hire. Current pricing is as posted on a trouble free basis. Previously $100m min was the go for a wildcat in unknown waters incl mob/demob CNOOC offer no free lunches in my experience. Yes a farm out is crucial but on what terms? If EME is left with 5% free carried this may not be received well but is probably best case imho. May be better to raise and roll the dice or at least part fund. The CNOOC 51% back-in kills the economics for anyone other than mids to majors and even those players shy away from deep water in disputed territories - especially in unproven geology - maybe at $100 oil but back in those days few took the bait - TK has his work cut out here - with the clock very much against him - still never say never. Take Care

BigBear, the permit regime was well spelt out in the original rns 12/15/16. The current phase runs 24 months from award. At that point, which is drawing near, either EME agrees to enter 'phase II' , which requires a drill, or drops the permit. Thus, EME will either have found a funding partner in the next few months, or raised the drill cost $40~60m, or will drop the permit and CNOOC will say 'thanks for the data chaps'. Suggest you read the original permit award rns as much nonsense is sprouted here - the SP will not respond much either way until the above points are addressed imho. Take Care

XST sold their Dempsey share for a conditional $1m, now that my yet fall over, Aussies are the best to gauge California drilling as many have tried and all failed. There is precedence in deep fracking these strata, again all failed, why some think Dempsey offers anything bemuses me, and no doubt the disgraced Coopgare. Take Care

Very likely the dam will burst today imho. Not sure where this ends but first stop weekly 200dma is 8.2p Take Care

Raven will almost certainly pull out or renegotiate - if 10% was worth $1m then SGC,PCL or EME would have gobbled it up. Truth is it is not worth even that, perhaps $500k at best. This values EMEs share at about $1.5m a far cry from the billion $$ so often thrown around this site like confetti. Speaking of confetti the next placing must be nigh so yes I would agree some kind of update on Asian assets is due. I doubt the migration pathway 'riddle' has been solved however, so might be more of a 'all is going to plan, trust us' type rns pre placing at well sub 10? New closing low coming (again) by the look - may even be pre placing forward selling? Virtually no buyers onscreen. Take Care

Discuss. Take Care

Yes probably but hard to know what TK saw in Dempsey that others ran a mile from - over 5 years - this was never going to work - so why disgrace yourself and promote it like a 'slam dunk' all the whilst knowing it was likely a 100 to 1 'wildcat' shot, at best, is my question Take Care

GJ is a Pipeline Engineer - this was his first (and last?)operated drill as CEO of anything - if you believed the '2nd largest discovery in decades' or 'largest he had seen in 45 years' it is not saying much . However all CEOs should be held to account and I would imagine his ear are burning right now. You cannot raise at 8c, 9c, 5c and burn large punters without consequences in this game. Take Care

Sooooo Dempsey is/was a 'wildcat' in TKs eyes? Vastly different analysis to Fiasco who call it an Appraisal Well. In any event same underwhelming result by any measure viz the 1TCF targeted and rabidly ramped imho. At least you got the courtesy of a reply I suppose. Take Care

Use the telephone Gazza - too easy to ignore emails. Take Care

Scarface a quick look at your posting history suggests you were not one of the 'clever ones' at 2p - in fact anyone buying at 2p was likely averaging down from 100p Sugarloaf highs as well reported here. Buying at 25~30p I can understand your angst - and who can forget the 'Rathole Filtered' post - to go with the endless 'tree shake' 'dont sell the MMs want your shares' '$400m market cap/ 1~100TCF coming' drivel - appalling. To retain any credibility I suggest you apologise to the forum rather than offering further blatant mistruths. Take Care

Harts - 8p is the chart target and will get there sooner than you think imo. Fracking has been applied in this geology with dismal results - see previous reports Venoco as 1 example - hence Fiasco has not muttered the 'F' word recently - at all - nor will answer our emails on the subject. I agree with Coopgare on Alvares - some rare realism from the tech 'guru'. Not much to hold the SP over 10p imo - Indo is factored in - China is a year away at least - and POO looking toppy? Take Care

Brilliant! A mid tier oiler fracked the G1 - then went broke assessing these tight low perm teasers 12 years ago! Someone should send this article to SGC - they must have missed it. Is anyone really surprised at todays action? Sub 10p close I expect Anyone seen Coopgare? Take Care

Kalamari11 - how much have you lost on this and SGC? You seem desperate now. SGC is below recent 5c placing price and EME continues to fade toward single figures. Fracking will not occur as all partners are skint and you don't throw good money after bad in this game imo. Hopefully you get some news from China that helps arrest the decline. Anyone seen Coopgare? Take Care

This Fiasco EME bought in to makes the Markle Debacle look like a yawn fest! Have a look at the chart, seriously who would buy except pip traders? EME seems to offer some reasonable dead cat bounces, but the trend is obvious. Close your eyes til Q4 I reckon. Where is Coopgare? Take Care

Knobby white flag time for you also? Or buy more, much more will double in a month - go for it! As for the flares - if you know anyone in Orland - oh never mind Take Care

Soooo the link is - where?? Best you post a white flag I think bigjoke. Take Care