Merlin memories and comparison from LSE post....2021 SummaryToday 11:140.47p - 26/2/21 - Rig mobilisation progressing well
0.82p - 12/3/21 - Drilling commenced
1.11p - 19/3/21 - Merlin-1 production hole drilling to commence now (casing done)
1.75p - 26/3/21 - LWD indicates multiple potential hydrocarbon baring zones
3.75p - 01/4/21 - Wireline logging continues. Petrophysical interpretation indicates several potentialpayzones.
All of the above was done in less favourable conditions that we currently have now:
- Oil prices were lower then
- We did not have as higher % of the drill as the current one
- We had debt to our name then and are now debt free
- There was no nearby discovery found like the one we have with PANR now
- We was not near the pipelines unlike this one
this is looking really good. I think the fundamentals of this stock will start to fire soon. GLTAH.
was 0.47p back then. Is 0.7p now. Project that forward. Looks solid.
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