10 days seems quite a lot for logging, normally this is done in just a couple of days on a one or two pay zone drill so my guess is they must have a shed load of potential to take that long. roll on the 13th of March!!
Have you lot got nothing better to do than try to score points off each other? get a life....... The next RNS should come soon with the facts, everything in-between is just noise and you lot are bloody noisy
We could end up getting an intraday RNS today stating TD and findings from Torok
This morning I'm expecting the trolls to be in overdrive today, fingers crossed if no update then we get another rise to take us back above 4p
Remember they were on a trading halt so before one trade was made they had to come down to the same 62% we dropped on Friday so it means they have recovered 20% already from Fridays drop. Remember theirs is 20% recovery from 4p or there about so would mean our SP should open up hell of a lot from 1.43p. My guess is we will open up 60% +
It did make me wonder a bit after the market reaction from the RNS if RMP thought the market had got it wrong or why post the below along with two explanation marks a couple of hours after the SP crashed. I guess we will soon find out.....
@RedEmpResources
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Oil shows have been observed whilst drilling in the Nanushuk in the Winx-1 exploration well!!......
Spike -I take on what you are saying but as you are so in the know could you please confirm for me the details on the actual quality of the oil found / at bopd the line is for it to become commercial and non commercial and exactly how many barrels we have found so far???
Call me stupid but surely all these figures are still in house and being evaluated by the pretroscience labs unless I'm mistaken???
Or did I miss read the numbers in the RNS?
And as for the below statement can you please give evidence of this as there are a lot of oil fields out there that are producing sand oil that is very poor quality hence gets a much much lower price of around $19 per barrel than say WTI or Brent.
IF we find no more oil, and IF what we do find is still LOWER end of commerciality this will NOT be produced. There is NOT one oil company EVER that has taken LOW quality oil into production alone
You are trying to sound balanced but non of us has any figures at all to back anything up with, you are just spouting sh i t for your own agenda. Until we get final results non of us know and until then we have to sit and wait. Nobody knows anything 100% until results RNS and beware of anyone saying different as they have an agenda. Good luck all.
OMG I can not even believe this discussion is taking up so much space on the bb, it leads me to believe many on here have never even seen a rig before let alone been on an active drill site. Splitting hairs over a few hours in the scale of things that’s pathetic. The times are a guide not an exact timeframe, until they go through the geology they just can’t give exact times so either way a few days either side of the plan is nothing.
Col - for exploration that’s about as high as it gets, you only get higher than that if it’s an appraisal
If you read the last RNS they are cementing at the moment and won't start drilling down though the layers until Monday so I think it will more likely be towards the later end of the week.
Medi - I think the earliest we could expect any further news would be towards the end of the week or the following Monday.
Lol I think he is on about the time difference however just got it the wrong way around as they are GMT -8hrs behind.
It looks like people are buying up the cheap over sold shares ready for WN and the inevitable rise that will happen in the next few weeks prior to the imminent spud of WN with a very good COS.
So yet we took a hit but this isn't a one hit wonder. I know WN is supposed to spud Q1 and it has been said imminent but does anyone have any indication of when the rig will arrive?
I just can’t see that the drill could go 50% over expected drill time and if there had been a major problem then it should have been reported to the market and as there hasn’t been then I can only presume that they’re flow testing. This normally would take about 3 weeks and puts it inline with the news reports saying full results beginning of March, I’m putting 2 and 2 together in my mind and if it was a duster I’m fairly confident it would have been reported by now. All just my opinion
I have a suspicion that they may have gone straight into flow testing and we will get full results, if that’s the case it could be a massive RNS.
Predictive text grrr sorry
By the sounds of thing it looks like SNPC are due to make monthly payments so before well 103c gets fracked in April there should have been a total of 3 payments made, and then the fraction and flow test with the well going into production. By this time the market will hopefully have trust in the flow rates and income from 103 and hopefully trust in the repayments being regular thus having a very positive cashflow going forward. April could be a very positive month for the SP if the market hasn't made an adjustment before.
How to turn a de-ramp into a ramp in one very simple move lol
I guess that must make it 1.1p lol