Member Info for Rktech

Don't know for sure until it's drilled.
For example , COPL drilled a well offshore Liberia based on seismic and it cost Exxon $100million only to find shale. Point is that seismic isn't everything.
Alkaid has already flowed so we know oil is there and it's the horizontal into the payzone that we are looking at to see how much.
Will also give more data to correlate with seismic.

PANR should not have reached TD yet and it is the horizontal drill that will provide the movement.
88e have already reached 1.25 recently and the drop is overdone.......nothing's changed yet and so a rise to around 1p should be expected.
Good horizontal results and it'll go crazy.

@Rabito........Exactly !

Just a quick note on 3D seismic processing.
It is a constantly evolving and improving science. Interpretation and re-processing of old 3D and also 2D goes on all the time by specialist companies.
It can never be absolutely precise like for example MRI, CAT or SPECT processing but there have been big improvements over the years.

If the argument is that you have acquired more data both from the seismic and from drill samples for correlation then that is valid but.........To say " our processing is better than yours" is just garbage talk.

Very good legalease but we did hear you the first time.

The overwhelming criticism from the naysayers is the MCAP of the company.
There are many examples of comparisons for example COPL which is claiming a multi bullion oil discovery and actually producing.
Do these critics think the market is that stupid that they cannot see what looks like frankly........the bleedin' obvious.
The MCAP is where it is because the Alaskan North slope has enormous known potential and owning acreage has value.
I'm sorry that it annoys the PANR holders but I wish them all the best anyway.
The SP is not a function of some random rampers but is underpinned by the location of the potential asset.
Once again I say good luck to all who are searching for the North slope sweet spots.

Also the PANR crew don't like us getting a free ride on their drill.

Good luck to us all I say.

@ Rubbersoul.......good luck.

What gas......a mouse fart in Morocco followed by some well choreographed hype and bull.sh-it.
It was so well done you have to admire the cynical methods of free booze and slick presentations and lies.
After Orbell was ousted as chief bull****ter some ten years ago now by his then CFO.....Parsons....... that gave the latter a golden opportunity to con all the mug punters.
Now he's running AST with another promise of gas from a country that doesn't want and never will allow them to develop what little gas is there.
Dream on !!
Sound energy has no money and no resources which is why the share price is a penny.

Don't people realise that this ****show is just nothing more than another lifestyle company.
Always was and always will be and was milked good and proper by the ultimate snake oil salesman Parsons.
Move on guys.

You are right that JA, the directors and previous directors and ceo's have been remarkably honest , especially for an AIM company.
Currently the heads of terms for debt finance are a "secret" which suggests that the bank will want a reliable source for the remainder and we don't know what other provisos are in there.
I really don't know why they bother to mention Beluga as the Cameroon authorities rejected them. They were as I thought just trying to bull**** their way into this and were out of their league.
A major will not be bothered with a small project like this and so we need a white knight.
In the meantime the meter is spinning round on the overheads and another placing can't be far off.

Jiffy:
I know the GST model and that's not the point I was trying to make.
After so many years of quantitative easing, fiscal stimulus or more correctly just money printing dilution why is everyone in mainstream media so surprised we have inflation that's going to get even worse. Financial mainstream news is just FUD. FIAT is no safe haven but the herd trust it more than crypto and so we are living in a financially extremely unstable time.
Stable coins have already failed once ( UST and it's sister luna ) and now USDD is coming under pressure.
Crypto is the enemy of central banks and they are going to use their friends ( like the FCA ) to try and help them stay in control.
That vid I posted was an explanation of their collective governance ideas for the future of currency which of course would give them complete control.
I don't think that will happen but getting approval for the GST model may take longer.......that's all.
In the meantime many altcoins will go to zero and good riddance. The crypto space still has further to fall and shake out the trash.
The majority of people have no understanding of DE FI and think bitcoin is just some get rich quick gamble.
Equally they will lump in with that , Blockchain and any other crypto token system out of pure ignorance but will still accept that inflation has already eroded their pathetic FIAT money and will continue to do so.
Stand by for some heavy demand for pay increases and who can blame ordinary folk for not trying to get paid more just to stay where they were.......that's the evil trick of the FIAT system.
One day soon I think they will wake up and see things a little clearer but right now there is financial doom right on the doorstep, not just for the crypto markets but for stockmarkets and by default, pension funds. The word is Stagflation.
How long this will go on is just a guess so I won't make one.
Our already devalued FIAT will be worth 11% less in a year and that's just using official figures.
I'd say about 20% would be more realistic.
Central banks may well try and set up a new digital currency that will look attractive at first but will be the ultimate control mechanism.
Let's all hope it doesn't succeed.

It's more of a wish list so don't worry too much but be aware that retail CBDC's and regulators don't want decentralisation but it will happen anyway.
CBDC's would be the new FIAT although every transaction would be in the control of the central bank.
I don't think it's bad for us per se but it's indicative of the intentions of central banks.

Everyone should check this out. It's a proposal for the future of DEFI and CBDC's
https://www.youtube.com/watch?v=CIRsEOBYxbA

Regulators want blockchain for themselves and by definition the decentralised element disappears.

Thanks for that info pokerchips. At least we know where the line in the sand is.

Anyone know what the current break even point is for ARB ??
It used to be 9k when the SP peaked last year.
There seems to be total capitulation on BTC right now as it looks as though it is about to fall through 20k . To zero.......I doubt it but to 9k is looking likely, maybe back to 3k even. At least the mining difficulty would drop substantially.

The company will have to put guarantees on customers money that are acceptable to the FCA which in the current crypto space is not going to be easy and it may take some time more.
I am also suspicious that governments will try and implement a retail CBDC and eliminate banks and other payment services completely because that would give the central banks ( Fed, Boe, Ceb.......etc ) complete control. Maybe that's being overcautious but we may still have to wait a while yet. Just because it's a good idea doesn't mean the regulator (s) will co operate.
I'm just trying to be realistic.

What kind of bank is going to approve a loan for twice the market cap of the company with no collateral and the risk of 20% failure. ?
Debt funding would probably have some horrendous terms and a deal like the original beluga deal would be fair given the risk. I cannot see that being improved on but good luck JA.
Only a corporate or private company would take this on and the 49% terms seemed quite fair. It was supposed to be a done deal last November. A great opportunity for someone prepared to take the risk.
What is more concerning right now is that there is a cash burn and going on the timing of previous placings we are due for another in the next few months just to keep the lights on.

A FIAT based stablecoin is already being discussed in the mainstream media along with CBDC's.
That's the plan, have a CBDC and control everyone, there will only be a single circuit between Central banks and well......everyone.
Don't know what this will mean for coalculus but it's value could be guaranteed during the transfer by the provider.
Remember FCA are not our friends......in fact the opposite.

Sorry my bad.
what can I say............Duuuuuuuhhhhhhhh