Member Info for Superman86

Captain,

If people are questioning your 20% statement.. does it not make you wonder as well whether its true or not.

Also if the 20% is stated on a PDF but not on an entire year and half of operational updates and corporate presentations etc etc then the answer maybe that this 20% is probably out of date or it doesn't exist.

Personally if i were you i would either search for it to give yourself as i have done to no avail for some peace of mind or re-evaluate your strategy.

Not attacking you but maybe with everyone claiming that its not true.... maybe you should go back to your source and ask for evidence.

Just so everyone is aware then there is no 20% COS figure stated by Matad.
Were all taking a risk with this well and ill be first to say that I do not know what the chances of success is for SL however I am taking a gamble. Worst comes to worst im sure 1 of the 6 drills will ensure I don't lose money but lets not mislead people.

Surely if ppl are invested they wouldn't want to spout misinformation which will lower the SP unless their motives are to get in cheaper or short the stock.

Just IMO

I have just been through all the presentations on the PM website from the beginning of Jan 17 and the only thing I can find in relation to COS is this

2018 Programme Block XX: Low Risk E&A Adjacent to Production
11
5 Lease line prospects, 3 high-graded: Gazelle, Heron, Antelope ▪ Covered by 2D and 3D seismic ▪ Continuations of producing trends/structures on Block XIX ▪ Internal estimates of 50-75% chance of success *

When they mention SL theres no percentage given. I may have missed something so do correct me if I am wrong.

Captain,

"What figure are you using as I'm sure no serious investor in an oil exploration stock would invest without knowing this most basic of facts." Captain

Clearly you don't know the facts as you have no facts or proof as to where you got 20%

Yay fundy is back. was starting to get worried.

Hes probably too embarrassed to pop in to say Hi.... or he might be away from his desk... lol

sorry I just pasted the same thing. Was meant to have pasted something else but anyhooo. it was all good.

DYOR

I have gone through most of the operation updates to find this but I cant. maybe I have missed something. although mike B said this

"Snow Leopard prospect in to Q2 2018. Snow Leopard, in the Taats Basin in Block V, is a robust fault bounded structure, well covered by good quality 2D seismic data in an area where there is much less structural complexity when compared to the Tugrug Basin. Whilst there is excellent evidence for a working petroleum system in the Tugrug Basin, the adjacent Taats Basin, in which Snow Leopard is the primary target, has confirmed source and reservoir outcrops on the basin flanks which can be mapped on seismic to thicken into the basin centre giving a good chance for a generative petroleum system to be present. The Snow Leopard prospect itself has two primary targets with a cumulative estimate of 90MMbo of prospective recoverable resources and three secondary targets that will be penetrated by the well. One of these targets will provide data on a high potential lacustrine turbidite play fairway. "

to me it doesn't sound like a small chance of success. there was plenty more good stuff regarding SL but I couldn't be bothered to copy and paste

this is what the company has said regarding the SL in previous RNS.

"Snow Leopard prospect in to Q2 2018. Snow Leopard, in the Taats Basin in Block V, is a robust fault bounded structure, well covered by good quality 2D seismic data in an area where there is much less structural complexity when compared to the Tugrug Basin. Whilst there is excellent evidence for a working petroleum system in the Tugrug Basin, the adjacent Taats Basin, in which Snow Leopard is the primary target, has confirmed source and reservoir outcrops on the basin flanks which can be mapped on seismic to thicken into the basin centre giving a good chance for a generative petroleum system to be present. The Snow Leopard prospect itself has two primary targets with a cumulative estimate of 90MMbo of prospective recoverable resources and three secondary targets that will be penetrated by the well. One of these targets will provide data on a high potential lacustrine turbidite play fairway. "

He didn't respond to your last message so maybe he just guessed.,

im kind of feeling sorry for Fundy now.. were all out for our own best interests.

Just have to go about it the right way

Mr P - were you invested all the way upto 38p... what was the reason for the rise then.

Meanwhile he is apparently away from his desk again or in the toilet

I reckon there is a leak and possible oil shows have appeared. this is great news and this isn't even the big drill.

imo

I bet hes sat at home thinking sh**…. I f*cked up. or hes setting up a new account to come on the BB to ramp this

I find it quite amusing that fundy kept deramping the share and apparently sold out to it now rising above 8p. his predictions of 7p has fallen flat

means goo

Why would it be a duster. MB said that an RNS would be released when drilling is complete which would be 70 days. If it was a duster it would drop quicker then the slow drop its doing. I know if I found out it would be a duster I would sell immediately not dribs and drabs like its been doing. PIs just don't like to wait. they prefer to go elsewhere to make money with the hope of coming back.

clearly the way he ramps. surely if the company has massive life changing potential then selling at a 10% loss seems a bit silly. each to their own I guess.

I should be clear those are not my estimates and should not be taken as fact.