The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Agree with that, I think where EMS becomes transformational for us is it’s ability to ensure we can prove up so much more without diluting. This is the real key to a big LE in the future. 478m shares and $500m per 1tcf. TA drilling for 16tcf. Not to mention the fact that the tobifera gets shallower in the east and there is an oil play in TA as well. God W/E all.
EMS has interpreted oil but we can’t call it a discovery until it has come to surface. The “discovery” exceeded high case estimates so there’s probably over 100m barrels downs there! EML has gas but it’s a complicated well. TA has wells that found gas when drilling for oil and gas was considered a failure case! Bolivia is sandwiched between major drills and could be propelled just by their successes! Put it all together and we are basically already a mid cap or more. The problem of course is it’s all still to bear fruit. Hopefully the roots are already sturdy, the green shoots will soon be seen in the spring, the sun will shine and the rain will plump and ripen and some time in the future we can all take a sip and say “how d’you like them apples”. GLA and there’s more to get excited about than small rises like today.
I think we all need to remember the stated aim of the company is to create value for shareholders through a LE. The more resources that can be proved up the bigger that end game will be. EMS if proved will both contribute and hopefully help towards the overall picture through both size and rapid production possibilities. But 50bags I’m afraid is way off. Whoever ends up buying us out will never pay the calculated value of resources. Too much will have to be spent for their onward development. The more we can prove the more we will get but it will always be a fraction of what’s in the ground. That’s not to say it can’t be a nice multiple of today’s SP and I hope it will be but let’s keep our feet on the ground. GLA
Nice update from president energy today and amongst their highlights they say “The company says that these figures show that they ‘have not been materially adversely affected by recent macroeconomic turbulence in Argentina’ with equity and bond bourses recovering and a much more stable forex rate.” Just thought I’d post it here to further keep the good vibes going. GLA
Step by step is right! Increase income and production with ELM and EMS Identify multi tcf in TA. Pinpoint well locations. Drill initial TA wells and prove up hopefully several billion $ worth of resources. Get a CPR on new resource portfolio. Use extra income for further campaign to prove up even more. If it all comes off without any dilution it’s feet up with a glass of your chosen liquid.
Also agree. The work has been done to find the best prospects on our blocks. Whether it turns out to be WH , Fox (my personal fav), Red Deer or another we are a day closer to oil hopefully. The only people who should panic are those who don’t intend to stay for results.
Correct it means nothing in principle. The timing is interesting though. It could be just to try to keep people interested. It could be a nice little hint as with the horses the other day. It could even be to support the price to allow a few out. Hoping it’s the hint we wanted as anything else would decrease trust if this drill is not successful.
They did say further updates but it’s possible that referred to weather or other complications rather than drilling. We must be well into the zone where the seismic had the anomalies so let’s hope they have some positive signs down there.
Have to say Victor has a point, there was no big rise in to spud and the spud news took a few by surprise coming a little earlier than expected. There will be a few wanting out before results who are only here for small gains. On the plus side it’s a relatively short drill with possible early news updates and all of the follow up drills have higher chances of success. Some bad research on here though with some still stating we have 3D for WH. They key thing is though that this is the big one if successful so why worry about small rises or falls, surely it’s about yes or no, oil or dust.
If as the RNS hints, updates to come during drill , then I don’t think we will need to wait 3 to 4 weeks. It could be sooner given the geology. The “anomalies” started at 700m and with 24hr drilling we’re probably close to that threshold. Hopefully interesting and positive times asap! GLA