Member Info for russukarian

They are an estimate based on 1 hole drilled and if only the Nanushuk is tested due to time constraints this season (as it seems atm from RNS) then there will be extra potential- whatever is in the Torok.
Also I need to point out that when the chosen zone is flow tested, the test flow achieved will not be true flow that would be achieved from a production well, so don't be frightened off by the test flow figures! Hopefully, experts will be able to scale/equate the test flows to good estimated production flow potential. Similarly the same applies to reverve estimates.

This is looking really promising and I would really expect the SP to keep steadily climbing to 9/10p over the next week prior to test results. If results are good as DW seems to think they will be then Kaboom! ' )

Just noticed the 88e rns contains a few extra snippets of information not in the Otto or RMP rns - quote from Dave Wall ')

''Encouragingly, we have also encountered multiple potential pay zones in the primary target as well as one of the secondary targets. Whilst it is still early days, we are well placed and look to the wireline program with measured optimism."

close:3.3p offer 3.4 bid 3.2 today

Although red day we still made a higher high 3.7 and higher low 3.0 on daily chart. Today was a neutral candle, unsurprisingly, as there is uncertainty of when news will come from wire-line logging. All set for a rise on the next positive news

https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/AU000000RMP0AUGBXAMSM.html

I think I need a cigarette after all that climactic excitement - and I don't even smoke

your undercrackers are full of Klingons

Timster I think Degsy is quoting from this article in Iceberg Shares
https://icebergshares.blogspot.com/2019/03/88e-winx-1-on-verge-of-greatness.html

Swindon what is that link to hotcopper supposed to be for? if it is the pdf file then we can't open without an account so you will have to copy and past here for us to see it?

SP may rise into close like yesterday as there is always possibilty of RNS on ASX tonight.

Timster maybe we could stealthily do a 3 mile horizontal drill west and suck out all the oil from horseshoe to get 1.2bn ')

Yes renroc the Friday RNS debacle certainly threw a spanner in the works for a lot of holders, me included.
The SP is recovering nicely though here.....a little slower on ASX but it will catch up within a few days. A good RNS on reaching TD and commencement of wire-line logging would be helpful.

To be fair smasher that is your own chosen strategy, to wait for final results then try to jump in as quickly as possible hoping that the SP has already not shot up and you are locked out. I think that is not a standard approach but if it has worked for you in the past then good luck to you.. Most other experienced investors do as much research as possible in advance and get in as early as possible, so they can de-risk some or all of their investment prior to the spud or drill results. Each to their own. Obviously, with your strategy you benefit more from the SP being kept as low as possible prior to your entry hence your posting methodology ')

3.73p to buy

The gap left on daily chart after the gap down (between 3.64 and 2.99p) resulting from Fridays RNS fiasco has amazingly been nicely filled today during last 3 minutes of trading with high of 3.66p.
Lets hope this momentum continues through the week.
https://www.screencast.com/t/aB4OyZXf

Hoover I got kicked in the balls on Friday too, was f'ing livid because I sold half my holding on that wan-k RNS.
Over it now and got to take it on chin and move on - hopefully you didn't sell everything and are still in the game.

3.3p on ask atm. Hopefully a strong finish into close would be excellent.

mikemike oil more viscous then water and has higher resistivity ')

Looking for a close above the 50% fib around 3p which would be very good - close above 3.5p would be even better!
https://www.screencast.com/t/aNrOBmlZ0t8

Jof it would be good if they could use some help of the ex-Great Bear geo guys now with Panr for interpeting data. Hope they can.

As mentioned yesterday night I sold half my holding on Friday based on the initial Friday morning RNS. Very angry about the wording and lack of detail in that RNS (as I'm sure you noticed). I hoped for better from Dave Wall and the only reason I was invested was because it was a JV, wouldn't have touched with a barge pole if only RMP, Still, onwards and upwards I suppose. I just sincerely hope we are not being strung along now only to get shafted in a week or two by a decision not to proceed with flow testing. I want this to do well and SP to end up many multiples of where we are now.
Good luck all remaining holders and those recently joined at bargian price! ')

Islandgirl I was in Puntland bigtime (in both rrl and RMP!) and lost a packet. I'm very cautious about the wording of the latest RNS too - based on previous experiences and imo they don't sound overly enthusiastic about the Nanushuk topsets. Brings back deja-vu feelings.
I'm stlll in here by the way.