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Must be wrong. Clearly states in the last rns that equipment has been mobilised over the last few days. And we are awaiting the spud date. As Adon says, a rig now appears on site. Perhaps spud before end of week.

Agree Northern. I do think once we have actually started drilling 36-2 and the 16-2 extended test has begun we should at least defeat 6p but I'm not expecting a major rerate until we've had confirmed drilling success at 36-2, and we have a clear road map and timeline to production from our wells in the paradox. The webinar soon will be good and should help new investors plan there entry here. And hopefully encourage some more institutional investors to the share register.

Oh go on Adon, we love a bit of conjecture haha!

Fantastic news, further encouragement that we will be producing from 16-2 in the very near future. It's all coming together very nicely. Get em while they are cheap, the Zephyr express is about to take off.

Technically starts tomorrow. 36-2 spud date and 16-2 extended test anytime from this week. Results on one or both before Xmas. Once tied in our revenue could double or triple. Then we have 36-3 and the kirkwood well, even more revenue! Whats not to like. Wouldn't be surprised to see Zephyr in the aim top performers 2023.

Then add on 36-2 if we hit womo. I think by late spring next year we could be looking at 200m a year revenue!

I wonder if another big order is being filled so price is being kept down to fill it?

Good news. Upgraded revenue forecast from the williston to 40-45m
Ironhand mobilised to 36-2 as highlighted by Adon our resident satellite specialist. Spud any day now.
16-2 surface infrastructure complete, just a clean up now before commencing the extended test, again any day now.

GLA
CHAIN

If you read the actual drilling permit dsrt it states that drilling should take 30 days. So if we spud in the next week or so we could get results. The permit also says little to no gas is expected. Meaning we should just get the black stuff, hopefully a lot of it if the companies expectations are correct, which I whole heartedly expect they are!

I think Malcy will get his interview after the webinar Northern. CH won't front run the webinar with any interviews. I expect we will get a trove of interviews from Malcy, proactive, Auctus, directors talk etc once we have something to shout about.

Mobilisation rns tomorrow then I reckon Adon! Was 7 days between rig contract and mobilisation for 16-2.

Agree RB1. If a major wants the paradox I think they will pounce sooner rather than later. But I think we will have 16-2, 36-2, 36-3 and the kirkwood well up and running by the time they do. In which case 20p would be a low ball offer. I'd hope for a premium of 20-50% of share price, which should be at least 26p with the above coming to fruition. So I'd hope for around 35-40p in a buyout scenario. Again pure conjecture and only my opinion.

-where not to be the case

I'm feeling confident that news on drilling success and increased production revenue will bring in more investors. I am still of the thinking that we could be bought out in the nearer term too if we can put three further successful drills in the paradox. CH is nicely packaging the company up with infrastructure etc
It would make sense for a major to take us out and be able to prove up the rest of the field far quicker than we can. Just my Sunday night musings. I'd also be glad to see us have multiple wells operational and many hundreds of millions a year income if that where to be the case.

GLA
CHAIN

Good post Bhoys, this time next year i expect to have a dirty great grin smacked across my face permanently. I Have to say I am excited for the coming weeks, Should be a lot of news flow. Here's hoping we get our mobilisation rns, spud date, williston update, 16-2 extended test and webinar date this week. An RNS a day keeps the trolls away!

GLA
CHAIN

They have told us that the new gas plant could be utilised if the extended test goes well SCE2.

Think that will change next week setanta. The latest Auctus note stated that the 16-2 is expected to begin in the next few days.

A lot of news flow could and probably will land next week.
-16-2 extended test
-Williston update
-Mobilisation and spud date rns
-Webinar date

Should be a good week

GLA
CHAIN

Adon, today's auctus note states "STATE 16-2 test to commence in the next few days." It is imminent.

-surface infrastructure.

Me either Oakey, but they have said they have been upgrading service infrastructure to accommodate the upcoming test. I'd assume its all in hand. And we will find out soon.