Member Info for WTF2012

couldn't make it up!

RNS a bit thin on the ground for information - at what stage of a JV is a company obliged to advise the markets? Also surprised the extension is not in place - this must be imminent if the NT government are pushing this though. Perhaps on to read between the lines of. Will be interesting to see how the SP reacts.

JV in the pipeline.....!

All time record lows FFS.

No return until 2021 and $10m to complete the well? Mosman need x5 their current value just to drill ..

Next steps
? Complete technical analysis
? Further drilling requires a larger capacity rig and blow-out preventor (15,000psi), new well design, and full suite of approvals
? Central’s indicative cost estimate to complete the well is in the order of $10 million (gross JV)
? Current Santos farm-in status of up to 70% is under consideration
? A potential return to Dukas is not anticipated before 2021
? A definitive forward plan will be announced once finalised by the JV
Play Element Indications
Presence of Source hydrocarbons ?
in mud gas
Overpressure and thick
Seal evaporite ? section
confirmed
Large gravity
Trap high confirmed ?
by 2D seismic
Primary target not yet
Reservoir intersected. ? Reservoir is a
key unknown

Ask moved to 0.25p

...honestly, we were worth more with jam jars than barrels!

Hardly a 'surge' as the article suggested! Back to waiting. :O(

Don't worry, I'm sure Baffins will send one tomorrow morning at 06.55am with those letters in the title... ;o)

Good measured post Cheapskater - it is strange the length of silence. No doubt the high pressures Santos encountered have pricked the ears of prospectors and £30m would be small change for a serious outfit to move into our turf in Amedeus. The big question remains - does what we have left of our permit warrant pushing this through now or would a prospective investor play the long game knowing Santos have moved this out to 2020 and beyond?

Understood - whichever way we get there we need some momentum now. I suspect any Chinese investment would be private PI's with a few spare RMB and not institutional investors though

we're on 0.22p - yesterday we hit a new all time low SP... and you talk of a 10p buyout?! Seriously, the Chinese are not stupid

Do you have L2 Spary? Perhaps this is a quirk of the system which only makes it visible to L2 users? There are plenty of quirks!

Is that on L2? Can't see it yet?

...

They must be listening! Hopefully this goes well. Do we know who Dr Julie Daws is?

...since last Thursday about GEM.
Digger1 - did you say they are now in China?

But we skip along at RECORD LOWS!
WTF!
JB I hope you are about to pull a rabbit out of the hat. This is becoming rather peculiar...

Julie Daws - is that George Daws sister?!

We thought this money was dead - now it's not. Surprised the market hasnt reacted more favorably