G’day @7seven7. While there’s some down time between drilling again is there any chance you can put another call in to Scott for a bit more info? I’m really concerned with the difference in expectations between Scott and any half decent oil and gas investor.
In Scott’s words, by recovering some gas samples from a water bearing secondary target which is likely to be residual gas from the logs, he thinks this is “phenomenal and a huge and a monumental result for the company”. His words from the webinar verbatim.
What does this mean we can expect from the Upper Angwa and Lower Angwa?
I’m really concerned that he has an agenda to over-hype things to retail investors during these webinars, knowing that we’re the source of funding for anything going forwards and there’s a real risk we have nothing of substance in the UA and LA.
Unless…and I’m trying to stay positive here…has he obtained a water sample in the PA which has allowed him to firm up the resistivity of formation water (Rw) and calibrate the logs to confirm that the zones in the Upper Angwa which he previously thought were borderline water versus oil are actually oil? Hence why he’s so excited about what would seem to anyone else to be an uneventful result?
Anything you can get out of him would be much appreciated.
IVZ Price at posting:
14.5¢ Sentiment: None Disclosure: Held
