Top BS Presentation Announced Today
Just BS presentation with lots of BS info on Range which is just 2C and realistically still just thin coals with no gas produced to date and no Range sweet spot nonsense as no gas flowing to surface so how can it be a sweet spot? A water sweet spot as did recover only water likely from adjacent or inter bedded sands. Crap crap crap.
A water sweet spot only at best to date but nothing else. That alone shows it’s a con job.
Leads disappearing in Amadeus that will not make Mosman happy but then again...it’s BS. Maybe they are down playing it to acquire it. Who the F knows with these potato heads.
Top people with mostly only Mickey Mouse degrees in Business administration and accounting with too dig as best friend of Mr No Comment.
The doctor is an academic so seen enough of them to dishearten me for exploration and usually too scared to do anything that could potentially even slightly ruin their academic careers by God for bid...taking chances eg Range 5.
We got the C and D teams ie conmen and dummies. For F sake....tell the truth. Mickey Mouse presentation all up. Should have included a fireworks video at the end of it...dummies
I really feel sorry for those buying today with no technical experience and nothing happening for Yonkers in exploration and with more misguided info.
No word on Dukas potentially going forward until they assess results and “testing”. What testing did they do and not tell us about? Why not even provide the early analysis from rig floor on gas composition.
from other site, what do you think about this T4UMe, Pilots, .... do they need a bigger rig, etc ? ;
"I expect big rigs are booked 1-2 years in advance and also the rig now needed might have to come in from overseas.
if spuds before june 2020 I will be pleasantly surprised
Santos should be scouring the market big time to get a rig in
one positive thing is that the rig is allowed to be released - thus the hole and pressure is stabilized
and towing an offshore rig up the river won't work"
Santos says they need a bigger rig, so if not the case, why haven't the "experts" questioned possible game santos playing ?
I understand Devaney doesn't want to upset the gorilla, but santos is stifling CTP development by putting this Dukas project on hold until it suits them.
To me, just another case of the gorilla saying, .... CTP, who the f do they think you are, we will let you know when you can successfully or not discover hydrocarbons.
Dukas starts at 41 minutes.
""##Santos says they need a bigger rig, so if not the case, why haven't the "experts" questioned possible game santos playing ?##""
Well Rawali, one very simple answer for you.
That is the Sharemarket and how the companies are allowed to run (while at times the shareholders are skinned alive)."
I suppose that those at CTP HQ's are not too concerned as money still coming in for them and ensures "boring annuities " continue , for them, and are not concerned about SP at all.
F%66% the share holders, .... where in their presentations are share holders really mentioned as being an important part of their plan ?
3 generational operation, that is for sure.
Well Rawali, this is in response to your previous post.
It appears that were there is a will there is a way and obviously in our case there might not have been a will to do what you are saying. Now, I am going to ask you the same thing again ""IS THERE A METHOD IN SOMONE'S MADNESS"".?
If someone can do it, and the proofs are below that it can be done, why can't we.??
Read below and you will soon see what I mean:
""WEST ERREGULLA-2 UPDATE
HIGH CLIFF ENCOUNTERED
• WE-2 has now intercepted and is drilling through the High Cliff sandstone
• Drilling breaks throughout the formation have been observed with elevated mud gas
• WE-2 has passed 5,000m and is now Australia’s deepest onshore well ever.
Since the last update, Strike has continued drilling the 6-3/4” production hole section through the Bit Basher
Shale and is interpreted to have intercepted the High Cliff sandstones at 4,928m. Extended drilling breaks
have been observed throughout the High Cliff with associated elevated mud gas readings. Cuttings from
these sections include clean coarse grained quartzose sandstone with good visual porosity, likely due to
protective clay coatings.
West Erregulla 2 is currently at a depth of 5,017m and is the deepest well ever drilled onshore Australia.""
""THE DEEPEST WELL EVER DRILLED IN AUSTRALIA""
Disclosure....I DO HOLD THESE SHARES.
What limits a rig is how much weight the mast can lift, you have to take in to account that you can drill to say 5000Mts now sweat, but should you get the string stuck at that depth you will exceed you mast capacity if you want to pull on it.
The CTP story about a bigger rig is just that, A STORY, bend over share holders, you have a surprise coming, just like the other surprise you got.