Ann: Alameda-1 Drilling Update, page-86

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In Da Hood

2,164 Posts.

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22/11/21

19:09

Post #: 57763019
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Originally posted by Spitfire: ↑

Hi guys, As far as I am aware, ASX governance drilling reporting guidelines are not a mandatory weekly release, , They are per hole section setting depth ( section Octg shoe run and cemented ) or any market sensitive news encountered not yet disclosed.
Quite clearly they have not reached TD of the next section, they have not yet had market sensitive interpretations to disclose outside of what they have already and they have not run out of money., any of those that would have to have immediately released an update.
You guys should count yourself’s lucky, over here in UK, there is no such drilling reporting governance and mostly we don’t get any updates on the drill from the spud announcement ( that must be reported ) untIl the complete end of the well….try holding through the manipulation and scaremongering tactics of that ! …. Hope it all comes off for you all, market has already overlooked very positive upper section results, which have added unexpected huge bonus upside on this drill even before they hit the main targets.
looking to re enter, but weighing things up closely as have numerous other appraisal / exploration plays currently in my foilio.
GLTAH.

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I'd say we will get one tomorrow.

It will still cost a lot of money to have a rig sitting idle.

A rotation of key personnel and some barite would not take more than a week so there is likely to have been at least a decent week of drilling since imo unless they truly have stuffed the well!

Woodside and BHP merging and immediately getting on with Scarborough and Pluto Train 2 is very bullish.

Last edited by In Da Hood: 22/11/21

MAY Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
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Ann: Alameda-1 Drilling Update, page-86

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