Im with you guys on this via BPT who have even more than NZO at 21%
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Im with you guys on this via BPT who have even more than NZO at 21%
And I would think that in the event of a successful well, BPT have the capital & size to commercialise it, without diluting their existing shareholders too badly.
Has anyone got that chart handy, the one that shows a resources company's SP rising steeply before the drill then topping out and dropping while the company sort out their cash to capitalise on the find, then rising again before production.
I would have doubts about such a chart applying to NZO and this drill .
There has not been a steep rise before the drill-a small rise only .
We are told success is likely to be binary.
My take on this is that if gas is found its so huge that the sp could multiply tenfold .
A huge find means no problem sorting out finance .
Thought there might have been a bit more liquidity in Aust, bugger all for now.
Glad i didn't transfer my shares over to ASX at this point...Any comments?
Any word on the IronBark drill. I can only find that they have clearance to start the drill some point in October and Apex is in place, I would imagine it's underway now?
10 days to arrive from the day of mobilization which was roughly on the 12th of Oct, so arrival on the 22nd and drilling to start end of October weather permitting I think
LEMON, I'm pretty sure the rig arrived at Ironbark on the evening of 12th October.
That 'mobilisation' word is some sort of drillers jargon - don't think it means actually moving it.
I think it means preparing to spud, and that may be quite soon, a day or two perhaps.
There's quite good info on the Hot Copper Aussie chat site : https://hotcopper.com.au/asx/nzo/?keywords=NZO
Thanks.
It does say on the hot copper "the rig is now being mobilised to iron bark-1 well location" which to me means it hasn't arrived on location yet (12th of Oct) and if it's saying on a different article it's being mobilised on the 12th also and it will take up to 10 days that states it's not on the location of the well yet. If the hole is being drilled it wouldn't be mobilised but drilling of the well has been started, no?
Well, LEMON, I'm not claiming to know exactly what's going on, but gimo211 who has paid access to vessel positions said on 12/10 on HC that the Ocean Apex had arrived at Ironbark, then the same guy in a recent post tonight says:
Current position by satellite of Ocean Apex seems a bit different to the coordinates provided earlier. They changed the drilling location slightly.
Latest rig movements suggesting dynamic positioning preparation. My guess: spud announcement tomorrow or on Tuesday...
Shhhh, be quiet, whats that noise I can hear?
Oh, whats that vibration I'm feeling through my feet?
Ah, it can only be one thing, the spudding in of the Ironbark well, on its way down to the glorious gas of Carnarvon, all 15 trillion cubic feet of it!
Like the Beach Boys song...."good vibrations".:)
the Boys at Beach Petroleum will enjoy that vibe.
Wouldn't it be nice.
Fun fun fun,
for a successful well
Its just a matter of time.
And your dreams come true.
Make it big.
Dance Dance Dance.
Celebrate the news, in
Endless Harmony,
Forever, but
Hang on to your Ego
Heck, someone's cashed in their chips down to 70c.
No fresh spuds for them!