GS
yes, certainly looks like they might have something.
I haven't got rid of my pessimism just yet though. If anyone else announ a 15m oil column we would do hand springs. But it is looking more and more like a confirmed structure.
My 30% was an av of the 20% and 40% shares they have in the Tomcat structure.
SEE BELOW EXCERPT FROM RPM RELEASE
" Tomcat 10%-20% - the discovery well Wilpinnie 4 produced oil on a drill stem test (Fig 3). This well is in a Santos et al held lease, a portion of which your Company has earned a 10% interest in by contributing to the cost of the Wilpinnie well. On available information this section of the lease covers approximately one half of the oilfield, the balance being in Petroleum Exploration Licence 115 in which the Company has a 20% interest. The result is that Roma has an average of approximately 15% in the area covering the possible extensions of the field. An appraisal well – Tomcat 1 – is scheduled to commence early in September in the 20% held area i.e. in the Petroleum Exploration Licence 115 portion. Possible recoverable oil could be in the 3.5 million barrel range."
The Wilpinnie flow test is due to start any day with STO. If we were to have a decent flow of 500bbls pd then I think the sp will smile . Cause that means that Tomcat 1 will also probably flow OK.
looking good...maybe
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