Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
If we found any oil in the Devonian it has to be the 5 meters they are testing. Prior to stopping the well the first time they found a little over 52 meters of pay. When they restarted they found an additional 90 meters of pay prior to reaching the Devonian. That adds up to 142 meters of pay. They now say they found a total of 140 meters of pay. This is fantastic. BUT how do you go from a little over 142 meters of pay to approximately 140 meters and have a Devonian find?
Unless Clive was fibbing the first two claims it's a mathematical impossibility. More than 52 plus 90 plus devonian find = 140 ummm NO.
I can't wait to see a horizontal on our newly issued 25 year licence. Seems we still have thar new structure that was put on the back burner to tinker with again. Getting a third shallow field with horizontal drilling will really be a rocket engine.
Originally they found a 159 meter carbonite interval with 52.5 meters of porous oil bearing rock. Then before reaching the Devonian they found "Over" 90 meters of potential net pay. Say 90.5 meters. That equals 143 meters of pay. So after drilling into the Devonian we have about 140 meters of pay. Does that mean that they found zero in the Devonian?
If so why are they drilling A9 and 802 to that depth? Only Clive can write an RNS that both excites you and makes your fingers go straight to your to start scratching. Please Clive let one of us proof read your RNS before you hit the send button.
Also I am not down on this. I am both exuberant and dismayed. I think Casp is giving me a split personality to go with Stockholm syndrome. Ok CC you seem to understand Cliverism what's your take?
Linton if you actually believe what you wrote "AIM small fry" companies are nonsense. Then I can only SMELL one reason you are on AIM small fry company bulletin boards. Unless you are mental you are part of the group who bash for shorters. I cannot figure out any other reason to discuss companies you don't invest in.
There are over 2000 companies listed on the LSE are you on all of their boards dispensing investment advice?
Somm this and TXP are my favorites for 2022 on the AIM. I have 10x as much here as in TXP. If their Kraken well comes in and a deep flows here I can ignore all the Canadian and US stocks I hold. :) Happy days coming in 2022. Everyone have a good Christmas.
CC is Santa brings you coal I'll buy it from you.
Lex I literally thought your auto spell changed house to horse. Dressage horses can run from $60,000 to $100,000 pretty mind blowing. If your daughter gets deep into competition add ten thousand for the riding uniforms. Thankfully your wife only wanted a washing machine and not her own horse.
I could be wrong. I think after ther refinery closed they export the crude and import refined products. I am sure anyone looking to reopen it plans on buying our oil. If so we should get better prices.
CC thanks for the reminder. I forgot they did that on A5. Hopefully the sort 3A soon and a well gets spud. I hope they already have the target picked. They might even be hoping the deal falls thru. We will soon have cash to drill it ourselves.
If a deep flowing is not a material event I give up even trying to figure that one out. Not sure how UK law works. If that happened here in the US there would be lawyers chasing everyone who sold between when the flow started and the news release.
I don't get why people are so anxious for the stock price to quickly rise after this great news. Not unless they have their finger on the sell button. This is a great opportunity to add more at a discount. I want to double my position. To do tthis I need to wait on pay checks. I hope this discount last a few more weeks at least.