Sapan Ghai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
I think it's possible, if we are on schedule.
Anyone with any news?
Very quiet on the RMP chat this weekend. So, look at 88 Energy, these are shareholders who are committed to oil and gas and some seem to know a lot about the industry. They are also one of our partners and responsible for the drilling which will soon begin.
Now that the price has been driven to a stupid level which has caught the faint hearted, I expect now we have a few more days of giveaway prices and then we should see it rise, how much, who knows. But they have rinsed out the mugs and have picked up some bargain prices, all things considered. For those that have been conned by this manoeuvre do not give up you day job, to the rest well jolly good luck to us all.
Have a great weekend everyone!!
The price goes down and the knives are out.
What a sorry bunch some of the posters on this site are.
RMP is just a gamble but if it pays off then we are all going to be considerably wealthy.
If not then tough, you lost your money but remember if you’re not in the game
then you are a loser anyway.
I agree with your comments. If you are stupid enough to gamble money you don’t have in the hope that you are going to hit the jackpot, then you will end up broke.
I have spent a great deal of time researching this drill site. They do not get any better than this.
Of course, a 30% chance of success is the norm, but in this instance, it is not a wildcat drill in the middle of unproven oil-bearing acreage.
It’s a wildcat drill in the middle of a proven oil area covering thousands of acres that has already produced
more oil then you could dream of!
There are a lot of very unhappy people going on and on about the past, well now is the future, maybe when we get lucky you will probably be even more miserable for not having shares in this project!!
As I have said before I have friends who lost a great deal of money in the past with this share, I lost a fair bit myself, but it was my risk, I took it and I lost. I have not been crying ever since!! I just look for other opportunities
Now I am up over 21% this year but then I do my research and don’t follow idiots on this or any other board
This would not be the end of RMP, they have £20m approx. to drill 2 more wells and there are parts of the acreage that have not been looked at. And seismic work would be done there you can be sure!!
Armstrong sold oil in the ground at $3.10 recently, it was considered a low price, but he wanted the money to buy more land in Alaska. As if he has enough already!!
Wow!!
Someone bought half of these shares yesterday!! Half a MILLION POUNDS.
That Girl had 23,000,000 shares worth £1,104,000 now that's what I call a holding.
Now she only has £552,000 invested in RMP. She must have balls of steel!!
Now I wonder who has bought these shares. Couldn't it be Armstrong who started all this or Oil Search who have just leased a hugh track of land South and West of RMP's Drill from the Alaska Government I wonder!! Bill Armstrong perhaps or Oil Search!! This is getting very very interesting!!! Interesting Indeed.!!!
https://finfeed.com/features/oil-junior-red-emperor-defies-market-sentiment-drilling-looms/
This is a low value of the oil based in the ground not extracted and sold in the market. The price of that would be of course much much greater.
Also RMP only has a share of the oil found.
The price should be 75p. Minimum.
I did a calculation a month ago and this is possible.
I will find what I did with the calculation and post it tomorrow or of I don’t have the time over the weekend.
I will also find the info that I used to arrive at this figure, and it's based on facts that have already been
published. Frankly I was disappointed with the result, but I have now found out why it's lower than I expected.
With Ice Road Truckers and Alaska Gold both in the sea and on land I think I could move there but its to b******y Cold.
Here we go dragging up the past. No one has a good word to say about Bandy including me, but he has got us into a credible deal, and he has no clout to inference either the drilling or the result.
His ability to find oil has been poor to say the least and he has pulled a made a few misguided comments along the way. In the Puntland drill there was no oil, but it was a pure wildcat drill. The chance of finding oil was zero.
The South Seas drill at least hit an area where there had been oil, but the oil had travelled elsewhere! The whole area where we still have an interest, also has gas in hugh quantities, and we could have found Gas but were unlucky. We still have that option if things go well to try again later.
Times have moved on and now we are in a position where the odds of finding oil are better than 50 50 in my opinion.
So, for all those that lost a bundle gambling, and held onto your stock because it was worthless, we should be very grateful that we now have another chance to get our money back or to hit the jackpot.
I know I am and so are some of my friends. So, let’s be upbeat.
The past is the past, lets look forward to the new drill and keep our fingers crossed that there are not snags before we break ground.
Rig
Can anyone remind me when the rig is going to arrive on site??
I agree. Still lot's of shares around after the money raising. Can anyone remind me when the rig is going to be set up?
Oil Search : The Pikka B appraisal well has penetrated the Nanushuk formation and successfully encountered hydrocarbons, in line with pre-drill expectations.
The well commenced drilling on 31 December 2018 (AKST) and reached a depth of 1,201 metres (3,934 feet) on 10 January. Surface casing was set and coring operations are currently underway.
Peter Botten, Oil Search's Managing Director said:
"The early results from the Pikka B well are very encouraging. Due to detailed planning, we were able to take advantage of early cold weather and commenced drilling the Pikka B well ahead of schedule. The top Nanushuk reservoir was encountered slightly high to expectations and a core has been successfully acquired over a 37 metre (120 feet) interval. Early interpretation of the core indicates a hydrocarbon-saturated, high porosity sand. The forward plan is to acquire an additional 101 metres (330 feet) of core prior to sidetracking the well at the end of January. The objective of both appraisal wells, which will allow four reservoir penetrations, is to confirm the presence, volume, thickness and quality of the Nanushuk reservoir at the Pikka B and C locations. Well testing, which will feed into the selection of the well design that will be used in the Pikka development, is planned for March and April."
From what I have read we might be drilling right in the middle of the largest oil find in Alaska.
https://www.epmag.com/oil-search-hikes-oil-potential-alaskan-oil-discovery-1714481#p=3
Just listened to Greg at the recent show.
He came over as I would expect, okay, but not exactly bubbling with enthusiasm!!
However, what he did say was to underline the unique position that a small player is
now playing with the big boys. And the majors are all around him and Red Emperor.
Not long to find out if we are unlucky again!!
Or Greg will be made a hero, and all will be forgotten
I was not suggesting that the past should not be mentioned, only that there is too much of it, this is a new play with hopefully a different ending!!
I have read everything I could about the current situation, I have checked all great Bear’s leases, to make sure they tally with the info be are being told.
I have checked the Pikka information, checked the seismic info etc etc.
Believe me I would not trust the snake oil salesman an inch but now what information we have matches with the known facts. Until that changes lets get on with the drill.
As to what the shares will be worth if we strike oil is anyone’s guess but of one thing, we can be sure of it will be higher than it is now.
And personally, I think we all need a break!!