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He did mention early December as well but let's wait for mid December. Hope we get summin like over the last 10 - 15 days we have got 250 bopd on avg.. Im not drunk and its Friday. Take it easy enjoy the weekend.
Ford referring proactive article.. to c4 in end of q1 or begin of q2.. Before that I'm hoping if we get good numbers in c1 then they can update the model and rework c2 and c3 existing wells. That would be the best scenario. 120 bopd x 3 = 360 bopd 75% would equal 270 bopd to Mosman plus existing production and we could be well over 300 bopd.. At only 270 bopd x $75 =20,250 x 30 = $607,500 x 10 months $6,075,000 now that would be the ideal outcome c4 we should come organic growth or if the sp is above 0.3 or summin.
Welcome on board Nigel seem to have the right experience that mosman require to get a jv or finding for the Aus permit. Jv is what we need. Resolution 3-7 were with drawn.. If they announce corporate profitability next year I'll be happy to reward employees for finally crossing the line.. Key thing is management need to be more proactive.. Time is money. Here hoping for good flow rates at Cinnibar. I would expect movements on the sp in anticipation of flow rates. 120 bopd good result.. 150 bopd very good, 180bopd excellent over 200 bopd awesome.
As expected nothing new but new well be the 4th drill. Key is get the flow rates... Hope there assessing c2 and c3 f9r workovers using same service rig.. If we can get to 3 producing wells by end of the year could not ask for a better year end
Key is dnt waste time get the ball moving. Time is money.. We could then have a 4th drill end of q1 or begin of q2..
I believe in the past they have been in a situation they did not present in the end. Well unless they release an RNS in the next couple of hours there is absolutely nothing to report as everything is in the RNSs
£70k buys?? Full ask at the time.. Someone feeling confident? Know something we don't? Although i do see the share going somewhere as we get closer to end of November. Hopefully buying in anticipation of results, GE IPO plus approvals should finally get out of this low to low range.
Welcome on board the Mosman roller-coaster... That's certainly a good price to get in it is literally the low of the lows currently.. Awaiting production rates this month and Arg1 and Arg2 updates if we workover them and hit the same sweet spot as our neighbours who got 180 bopd.. Personally will be happy if they achieve the current expected 120 bopd.. Im also assuming GE IPO this month as well soooon.. Been over a year in the making plus approvals from Central land council on the seismic go ahead. £4 mcap still a joke.. Many companies on hot air valued at multiples of this share
Not sure if there is a delay we know the results of the drill.. We know the encountered oil and the well will be put into production.. Just awaiting initial stable flow rates which they said by end of November.
TastySalmon agree no reason not provide initial essay results.. Its like large oil fields initial strike reveals black oil.. Then you prove up by using geology and seismic the end to end points and come up with a resource update.. No point in poking holes without knowing there is no gold in the ground.. Mineralisation could mean anything.. You have DL tweeting a core as well now how is that allowed if he is an investor in the company.. Clearly he knows more than us and has regular wink wink sessions with rp.. He's too involved to be an independent investor. News needs to be released and at min confirm what there drilling is gold.. Regardless of how much there is that's still pure luck.. Its a risk confirmation of gold price will rise.. How much or proven could be higher or lower but that's the risk we all take for the unknown..
Great summary Steakpie. Let's see if Cinnibar is the Saviour of Mosman. Looking forward to the flow rates. Even at 120 bopd which is 60 less than a nearby well we are producing and making good money.
Ford lost all respect for you. If you read boards and make your decisions then I'm surprised.. Ive made soo many positive comments on this bod that the valuation here should be skyrocketing. As for Aus permit our permit is an official permit whereas the one GE has jv with is an application stage permit. Site survey has been done just require official approval now before we do seismics on our permit. Central Petroleum and Santos will drill the Dukas well deeper next year after a 2 year pause..they had soo much pressure that they needed a larger 10000psi rig or summin.
ESPs at Arkoma we paid about $450k each just get rid of the equipment if there is no oil down there and they sold him a poor story.. What diligence did he do? It's been hanging with us for a while even at near $100 per barrel. One success story of the last 8 years zero.
So you will not comment on my post and ask me to jog on. I know i can sell and move on thank you very much.. But need to still highlight the bodd failures all of the projects to date.. Let's see how cinnibar plays out as the next big hoo haa.. I hope he's pleased again.
The list goes on.. They seem to be pleased all the time.. Last week was just pure pump and dump on resource upgrades if they were that good why is no one lining up to takeover a cheap company get rid of the US operations and fast track Aus permits. Monecor and there cronies are wonga loans after selling off last week with new shares they have 14% between them.. Ready for the next pump by magnum et al then they sell and then jb will give them another billion shares at 0.065 for his next adventure... You just cannot make this script up.
No use putting these on twitter they did the same previously and now what we need are resulta.. Summer Time in Australia. Let's get the ball moving and fast track a few holes to confirm gold. Rp has been very poor with communication.. And David lenigas has too much inside info which needs to be looked at... He posted a pic of the mineralisation shows you that he's tooo close to WSBN.
Even after a consolidation this will go down quickly so we are better off without a consolidation... Ford line they are doing work but it's to no avail.. Results are poor, bad decisions.. Welch was a good steady producer the even point for that was $50 sold it off for cheap today that steady producer could have bought in $40 at least per barrel at peak prices $60.. Side drill was costing $2 million give away 50% and predicted at 600 bopd if hit.. Arkoma paid over $1 million plus for 27% cannot even sell at all time high prices sell it cost price lol what's happening there.. They just want to cover it up put it under the carpet... Stanley are good they don't even have a resource for it plus they require frequent workovers.. Name one successful project??
Londone7 thank you entitled to your opinion. How much fees do they get then? How much have they had over the last 8 years vs the value achieved to date? Falcon was a big hoo haa as well and they promoted it to the death only to find it has gas...and then 6 months down the line water entered into and in the latest final report written it off as well. If we get Decent flow rates from Cinnibar then perhaps i might Change my mind currently not voting for that option. My opinion and I'm a shareholder.. Prepared to take the risk its my money. Decent flow rates before end of Nov coupled with good press pr on GE ipo no confirmed dates yet. Sp performance then i might say yes they deserve it. Show signs of corporate profitability as well in the near future.
I agree we have 2 drills running since August.. 4 months later we should at least know that what we are drilling is gold.. Once a few holes confirm there is gold then confirm the rest of the field based on geology.
He is a contractor in the company gets paid fees. Just total up the last 8 years vs how much barrels we produce a day and let me know how you measure success. Now they should also be concentrating on there PR for the Aus permit. See when GE will do there IPO.. Our stake is 25% there plus 100% of our permit. What is th ETA on land approvals. How much does seismic cost for the area as thst is the final piece before they can decide on an optimum location.. And advertise for a JV to pay 100% of the drill for 65/70% stake.. That's worth billions if it hits.. We need jv a line of people that should be interested... As to why not figure it out.. I would allow them 100 million share each of they get all this right and sp is higher as well.. There target should be multiple of this sp.. They hit it they get certain amount of shares. All performance related..