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Ann: NWE: Xanadu 3D Seismic Results, page-22

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bobbym

7,455 Posts.

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24/10/19

13:19

Post #: 41049777
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Originally posted by pumper: ↑

Yes this is unfortunately not the news I was hoping to see.
I don't think that Xanadu is a dead duck.
We obtained Oil form the successful drill of Xan.1 and it must now be a priority for the group to try and work out a plan moving forward to consider sidetracking to see what is there. oil is there but just how much?
With our infrastructure so close and the cost of a workover rig only it can be done considerably cheaper than the original drill.
I would just hate to walk away from this now without testing what is downhole.
There is also area that we have not covered in the 3D. What is there?
I really do hope the group can work a plan out in the near future.
We should be starting work on the new pump at CH any day now and the mighty GAS just continues to perform and we are underpinned by that as well no doubt.
Yeah so I picked up a little bit more around the 7c level I will now try to put a bit more cash together and go again today at what level I have no idea.
I hope this relentless seller just gives it a bloody break for a while. For stuffs sake give us a chance at least to get out sheet together again.
Yeah it is disappointing but this game sure can be cruel at times. For any spec.
Hopefully some positive news will come our way soon.
We have copped a whack in the abdomen and a bit winded but we will bounce back. not all is lost.
Got to keep moving forward.
Pumper
aimho as always dyor.

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Pumper they'd have more chance if they renamed the company Lazarus Oil.

TEG Price at posting: 5.4¢ Sentiment: Buy Disclosure: Held
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Ann: NWE: Xanadu 3D Seismic Results, page-22

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Ann: NWE: Xanadu 3D Seismic Results, page-22

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