Member Info for Yoghurt

TCV - For TE6 the final casing RNS was:-

...2475 metres and that it has started the operation to set and cement the 7" casing in the shale formation just 50 metres above the target TAGI reservoir

Very happy in the knowledge that the drill bit is currently turning.
Prominent structure with large ~ 480MMbo (mid case)
Success de-risks 13 prospects/leads with resource potential of ~ 750MMbo
$4MM USD drill (turnkey). Onshore. A must-drill prospect and ideally located for a basin opener well.

What is not to like!

Q. What is the black horizon in the middle of the 1km salt layer?

Wow, how confident would the team have to be of the seismic model to create that video that will stand the test of time through the three drills?

A. Very.

bongabob - moist always reminds me of an express I once heard a comedian use...wetter than an otters pocket.

Jack, I don't entirely disagree. From here I'd snatch someones hand off for 3 but that is because it would be on seismic and 3 would be a stretch. But if if if TE9 comes in we then play 1 pound down versus 4 up in the higher or lower brucie bonus that would be te10 to possibly take us beyond 5.
I know the guys say the 9 & 10 drill are different risked plays but the charge and faulting from the amplitude model of 5 9 10 and veyron zone from the deep dive looked pretty compelling.

Jack...From yesterday...

So - bottom line in the next six months we hope to have more discoveries (which will receive "full value" for) and be able to demonstrate externally line of sight on the exploration value. This, we believe, is how to maximise value. I don't think the share price has anything really to do with the sale price, which will de driven by an asset valuation.

should have really ended with...drill data and producing or disqualifying prospects?...but I am biased to the upside.

FSJ. I'd be interested to know in what timescale the prospect inventory would/could incorporate data from te9/10/11 drilling Tagi/Paleozoic horizons be they failures, modest successes or gangbusters. That question is based on getting some expectations pre b2b drilling so when we get to wherever we end up whilst on that journey we have some idea of where we are on the timeline.
In a summer interview with MGW Brian set a conservative tone to the potential upside because more data is required particularly from the Paleozoic. Given the hard yards he and the team have gained building the 4D model from areal grad, seismic, source rock, basins and mapping over time is that model capable of quickly ingesting drill data and producing prospects?

Judgement will form after the JV are about to drill two b2b wells. Not tomorrows FSC.
Schulmberger fully entered the acreage after seeing the data.
Attendees at the deep dive saw the amplitude seismic for te5, 9 & 10.
This is exploration & why we invested.

Yes there are things not to be happy about, the trading plan, drill delays, GSA delay & city aware of Stephen Whyte exit reasons. That said at 30p SP we must now be trading at a price based solely on exploration risk stakes. I guess the 50p+ SP potentially had ~20p of sell on seismic insurance in it.

Tomorrow? Thursday?

Thanks for the video link guys.
What struck me most on the day and even more so on watching it back is everyone on the team is doing their best looking for pound coins in the TAGI & they know they are there and are just trying to locate them.

Roger on the other hand is looking for fivers.

Lol. When drinking seismic quanTities it is best to ass-es your COS of avoiding soft anomalies before you attempt to drill.

Ojay
the 197 sell was mine but don't read into it because i took a tax loss on my Account for tax reasons but offset in different quantities with buys in my isa.

In recent years they have spudded as late as 24th Nov as I recall and only suspended on or after the 5th Dec?

Can anyone comment on farmouts mentioned here relative to NS & which ones were pre basin opener drill and which ones were after an initial discovery and values of contingent v reserves on FO per bbl?

https://twitter.com/soundenergyplc/status/1041367361956339714

He has been 48.5 for the last 3years.

Much like the SL 70 day estimate when 50 would fit a reasonable drill rate to TD, the WH 25-30 day it appears a lot of time is added on to allow for pressure test and fluid sample collections in potential payzones. This is likely pretty time consuming since each zone they want to test requires pulling the drill string, fitting the dst piece and going back in before drilling on to new zones having cased a potential section of pay. A lot of potential zones on SL too.

No fund you're wrong in my opinion about 'pleased' usage.
Ref the placing 'pleased' - the company were pleased to have accomplished a further financial fund raising to get a wider drill program and the readies to do so. Your interpretation of a placing may not be 'pleased' but that is only your POV it is understandable the company were/are.