Member Info for schlemiel

'Among the first wells this year will be Santos's Dukas-1 wildcat in the onshore NT, targeting a multi-trillion cubic feet conventional gas prospect in a completely new play type for Australia.

Success at Dukas could support the economics of building a 500-kilometre pipeline between the Amadeus Basin and Moomba in South Australia's north, EnergyQuest said, describing the prospect as "a wildcard in the east-coast gas shortage".

Santos said on Tuesday the well would be likely to start drilling late in the March quarter or early next quarter, subject to regulatory approval, and would be followed by two horizontal appraisal wells targeting shale gas to the north in the McArthur Basin, also with "multi-TCF potential".

https://www.afr.com/business/energy/oil/explorers-open-purses-in-quest-to-build-on-dorado-oil-find-20190108-h19u7p

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Article dated 08 Jan 2019

Well, if Santos is planning to restart in the 'March quarter or early next quarter' then can we assume Origin is on the same timeline then? Between April and June 2019.

Origin's planning for drill restart must be at an advanced stage now...so not long to wait now

Watch for increased activity in FOG trading. I have noticed a few decent buys in the last few days but we do continue to see some small scale selling..FOG's quite illiquid so any increase in buying and you'll be paying higher prices than today, that's for sure

slowly coming back to the stock.

at 35.05p for 285306 - identity unknown

depth -

492k v 2.62m

My view is extremely simple. You can only control what you yourself can control. Events, both perceived and real, external to and beyond your control is of significance only insofar as it may indicate a change in risk to your capital base. Therefore, you adjust your holding in response to a change in risk, perceived or real.

I have been here before in this very situation. Faced with a judgement to make. Was the risk I sensed real and evidentially justified or a mere consequence of heightened emotion to information I had read on the internet ie paranoia, to a degree? It can be a difficult call

If you feel uncomfortable holding shares in companies that operate in jurisdictions that are perceived as 'above risk' then sell down or exit the stock. That's what I always do

With regards to SOLG. I'll continue to hold. If political events turn negative I won't have any hesitation, I will sell. The only thing that matters is protecting your capital base without which you are to all intents and purposes, 'dead in the water'.

GLA

ps anyone concerned should email NM or another company officer for advice

Mate - most of us are in the same boat

35-40 (support and resistance) being played though the volumes yesterday were meaningless and the selling tended, as it always does, to start when the Canucks woke up.

I though the resistance in the order book at 39.50 was about to come under sustained attack. Someone took a nibble at the first 100k (39.50) sell order and then retreated into the shadows. And that was it.

When a buyer steps up and starts chewing through the 6*100k and 6*250k sell orders then this will properly fly. Until that happens then you may as well watch it flit from 40 to 35 and back again

I'll let you know when those incumbent sell orders come under attack again because that will certainly tell me that the reins have been loosened

mr 100k now down to 93592k...

what happens to those 100k price blockers. the first one is 100k at 39.50p..

Tiburn - cheers fella. Appreciate the reply and look forward to your thoughts..thanks

Tiburn - What is the market looking for in terms of BOPD from Djeno? What do you believe the market would consider a stellar success?

bopd :

1 - 1000
2 - 2000
3 - 3000
4 - 4000
5 - 5000

on a scale of 1-5...

1 would surely be transformative in terms of production for AAOG (and no doubt in terms of reserves booked) but 5 would create a firestorm of buying....

Onlookers like me (I don't own AAOG shares, yet) are trying to get a handle on the impact of BOPD on the market cap of AAOG of various

top stuff again from all on here...thanks for the input from all on the thread, good and bad

There's little point in promoting the stock if there's nothing to promote. Of course that will change in the next 3 months as Origin ramp up activity at Beetaloo and then we should see some interest return to FOG stock.

We should also see media interest ramp up when Origin start their ramp-up....

Not long too wait now

a follow on from that -

Fracking could fuel Top End water infrastructure expansion, NT Government says
03 Jan, 2019, No Comment

Summary: The fracking industry could one day be pivotal in water infrastructure expansion in the Northern Territory, with the NT Government saying it has a "keen eye" on future developments....

Acting NT Natural Resources Minister Lauren Moss said future private investment "in initiatives that capture, store and transport water resources would be welcomed" by the NT Government.

"Industries such as those involved in onshore gas and mining are always looking at water use as a driver of innovation, and this is something we have a keen eye on," Ms Moss said.
cont...

https://www.wattelectricalnews.com/NEWS/Fracking-could-fuel-Top-End-water-infrastructure-expansion,-NT-Government-says/47372

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Lauren Moss (Ken Vowles replacement) also committing to the onshore gas industry with this statement. I am constantly looking for any member of the NT-Gov making anti-fracking or anti-onshore comments..it seems so far they are all backing fracking in the NT and this water initiative confirms that the NTG are planning for its restart..

Yes, but to see them sat there day after day after day..what the hell are they waiting for? It's doing mi 'ed in....off out..gla

It's at 39.50p where there's real heavy duty resistance...lots of 100k sell orders at 39.50 and those price cappers of 250k (5) at 44p+...which again begs the questions of

who are they are what do they want?!!!...

this is creeping towards 40p again

Beyond Alpala

Impact: Positive

Sampling results from SolGold’s Porvenir porphyry targets in Southern Ecuador provide exciting new prospects for SolGold as it continues to demonstrate its copper-gold expertise in Ecuador. These results support our thesis that SolGold may be in possession of not one but multiple world class copper discoveries in an emerging mining jurisdiction (Figure 1).
Highlights:

High-grade discovery. Results from initial rock-saw channel sampling across the exposed outcrops at Porvenir include an open intersection of 62m grading 1.16% CuEq at Target 15 (Figure 2). The outcrop appears to be well-preserved and thus could be the top of a vertically extensive system. The intersection discovered within an 800m wide by 1200m long mineralized corridor is part of a greater 1km by 6km zone which has been identified to host at least two porphyry centres. While it is early days, this reflects the size potential we see at Porvenir.

Systematically demonstrating exploration potential. Target 15 is similar in age, mineralization style and may prove to be similar in size to the company’s world-class Alpala deposit where the company has defined a resource of 2.95Bt grading 0.52% CuEq (0.2% cut-off). These results highlight the benefits of the company’s first mover advantage into Ecuador back starting in 2014 and reflect the fact that while Cascabel is the most advanced, there is much more potential to the company’s wider portfolio of highly prospective assets.

A significant portfolio with news to come. SolGold is rapidly establishing itself as an important player in Ecuador with 11 priority projects and 42 geologists in regional exploration. The company’s other important regional projects include La Hueca and Blanca, which, alongside Porvenir and other regional projects, we expect are likely to bring exciting catalysts following drilling this year.

Valuation:
The market does not account for the potential beyond Alpala. SolGold trades at 0.44x NAV, a slight discount to peers at 0.46x. Given the world class nature of the Alpala deposit and the interest from majors, we believe a 0.90x NAV multiple applied to our C$1.47 NAVPS estimate would be appropriate implying a value of C$1.32/share. Upcoming catalysts: 1) Ongoing exploration and 2) Maiden PEA for Alpala (Q1/19).

http://www.redcloudks.com/rckstalk

'can't be replicated'. Almost akin to a monopoly. Solgold's become the Ecuadorian State's explorer. A price must be paid to buy this opportunity that is SOLG that 'can't be replicated'

now.

Yes, very nice indeed. What a start to 2019