Member Info for russukarian

no maestro mate I still have 50% of my original holding. Just feeling a bit pessimistic. I'll see how things go with the SP over the next few day's - anticipating a lot of volatility.
Best of luck

I think you hit the nail on the head there Proft_profit....nothing is crystal clear even after latest RNS of 4 March. I guess it's a waiting game now over the next few weeks until they have completed all the wire line logging, lab testing and for them to decide if ... and where, they are going to perforate, frac and flow test.

After the fiasco on Friday I'm still very cautious about the latest ASX RNS. I no longer trust these jokers at all.
Why only now are they disclosing that the RNS released on Friday related to a Nanushuk zone above the primary Nanushuk targets ffs - why was this not stipulated in the original RNS?

Also, what makes me extra cautious is the wording of the latest RNS - if there was a shit load of oil in the primary Nanushuk they would already have very good indication of depth of pay from the drill cuttings and LWD imo. Sorry to sound over cautious but things just aren't ringing true here for me.
GLA

That's a good question vanguard. If they would have suspended trading on AIM on Friday prior to 8AM then that would have at least put the AIM and ASX investors in the same position, even though the wording of the RNS would still have been misleading (deliberate or just incompetent).
If another RNS is now released on ASX Sunday night prior to market opening (or during trading) which is positive, then AIM investors have been unfairly misled and their investments have suffered significantly and unfairly. There could even be a legal case to answer under that scenario due to financial losses imo. If, however, another RNS is released on ASX Sunday night with bad news such as a clarification that the RNS on Friday indeed referred to ALL the Nanushuk then would at least equalise the situation. The third scenario may be that no RNS is released on ASX on 4 March before or during trading, which again would equalise the situation, prior to a further update given later in the week.
All we can do is wait and see.

Highlights: Winx-1

· Oil shows have been observed whilst drilling within the Nanushuk Formation in the Winx-1 exploration well
o Preliminary review of the interval suggests that the zone in which the shows were encountered is at the lower end of the range required for commerciality; however, further petrophysical analysis is necessary
· No oil shows were recorded in the shallower secondary target (Seabee turbidites)
· Forward plan is to continue drilling to test the deeper objectives

It describes results from the Nanushuk!! The possible ambiguity lies in the fact of whether 'Nanushuk' in the RNS is just for N5 or N5+N4. There it is - until that is clarified everything is pure speculation.
It was an inexcusable oversight by DW to approve that RNS with it worded like that and AIM investors are right to be very very p*ssed off about it.
It is something that the FSA should be concerned about as imo it was definitely misleading information which by definition can be construed as 'market abuse' and has cost AIM investors a lot of money whilst ASX investors were not affected at all.

Thanks for posting Jof that is very helpful.

Sorry that question was intended for JofHoggit

Jon any chance you could copy the text of that email you received from Dave Wall about the targets the be perforated and flow tested. I imagine this plan may be fluid and subject to change based on logging data acquired as during drill through the 3 zones. I don't see why, for example, if both the torok and Nanushuk both gave indication of significant HC's why they both couldn't be fracked and flowed tested jointly?

Except it's Pantheon not Great Bear Mr. Research

Best of luck to you maestro, happyhols and others here who post useful research for everyone.

Yes I know you are in RMP Maestro - just thought I'd take the opportunity to highlight the impressive leverage we have here for those who have just bought or are considering buying in . ')

Correction RMP has x11 greater leverage compared to 88e for the Winx-1 drill.

(88e 6.332 million shares in issue versus RMP 525 million shares)
Of course 88e will not be hit so hard if winx fails

Because he thinks there is a strong probability that oil is there and he's an oil man through and through. Obviously, he personally doesn't need the money but thinks it's too good an opportunity to pass up.

Winx-1 even bigger (x4) upside for RMP holders with much greater leverage ')

You just don't know when to give it a rest do you Wayne ffs! I'm think maybe your true name is Wayne Kerr?
Stop being a complete twat will you and concentrate on your investment and stop your ranting and raving, it makes you look ridiculous, but maybe you just don't see that.
I'm just going to ignore you now, you don't exist as far as I'm concerned. Don't bother responding because I won't read it.

Ok Wayne,
Let's call a truce and try to post constructively instead of bating people. I will do the same.
Good luck

That strange trade dated 21st Feb 08.55 only shows here not on the London Stock Exchange trade list.

corrected version! ')
Today's chart shows possible double bottom reversal pattern (bullish). Needs confirmation - reaching SP of 4.4 next week would definitely be confirmation.
https://www.screencast.com/t/qLbbgM4NEay6

https://www.screencast.com/t/72fc7ou1qm

Today's chart shows possible double bottom reversal pattern (bullish). Needs confirmation - reaching SP of 4.4 next week would definitely be confirmation.
https://www.screencast.com/t/GJiFxZyZj

https://www.screencast.com/t/72fc7ou1qm

complete the puzzle
He's a bell_nd