on a trouble free basis the hole must be @ about 2,500m brt by now - starting to get near target zone
expect another casing point will need to be set though.
M
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on a trouble free basis the hole must be @ about 2,500m brt by now - starting to get near target zone
expect another casing point will need to be set though.
M
amazing, in 1 trade for just 15,000 shares ppp jump to 13c and top out todays gainers with 10% increase
IMO it shows that it does not take much for ppp to move [hopefully up] and they are poised to climb very sharply on the sniff of good news
the Vietnam drill has a seal risk - if that is found to not be an issue then it upgrades the other prospects near by [large prospects]
maybe even the deepwater ones as well
ppp could be 40c this time next week on the sniff of success or [10c on a duster]
I prefer the former and apart from helping my share tipping it would also help my pocket
M
there are still some sellers round
giday machine...I really enjoy your postiviness....(I could never spell).....Ive been a holder (45000) for while because I had faith in the story....are we a forgotten breed i.e. accept that a entity will do well ...eventually......
now approaching the stage in the drill that there could be an announcement any day effective Monday
nailbiting time next week
M
The machine I think we may be a bit eager for news my bet they still have a way to go to get to the Oligocene classic structure they are targeting as of last report on the 28/06 they had yet to drill half way to TD by the looks of the initial spud Ann it would appear we are interested in the last 500 m or so. In other words we needed to drill another 1700 m from last report on the 28/06 to be in the pay zone as such my bet an announcement a week Monday.
boysy - its now 8 days since drilling ahead after 13.5" casing set - rig should be able to do 125 - 150m m per day, so should be past another casing point come Monday and be at least 2,500m brt
the syn-rift unconformity is @ approx. 2,500m brt - pay zone after penetrating that IMO
sure the Oligocene is another 1,000m lower, but the syn-rift unconformity is the first critical point and an effective seal at this point significantly de-risks the prospect, along with other nearby prospects
Monday is day 10 after 13.5" casing
M
Lets hope premiers rate of finding oil holds and this is the 5 find from 5 holes. Still hard to comprehend the lack of interest I think you may be dead right any hint of oil and this will double and go from there.