Also seek the info that KiwiGeo and Butcherano have asked - please ensure their questions get answered.
Some of the things on my mind (yes some reinforce/repeat KG and Butch):
Current activity / MK2ST : - Was a water sample collected in MK2 - Is the water sample able to be utilised for net pay calculations - Were all logging and readings that we performed adequate and provide total information that we require ? - If not what’s missing. ( Apart from core samples - and the elusive “Discovery” sample ) - When will prospective net pay be released for MK2 - why is there a delay in releasing such if we have all/most of the required information to be able to do so.. - What was the timeline of the released CFA - how long were we pumping out ? -What controls and mitigations to be put in place for MK2ST - are they adequate enough or are we still feeling our way. Do we understand the geology and drill hole failures well enough to be confident of successful sample. What changes to mud weight (and what weight) and what changes to mud chemistry will be made - reasoning for such. - How far short of the high pressure section is 3400M - will the ST be stopped in a sealing shale/layer and how confident are we that there is ZERO chance of drilling into the high pressure section ? - should we stop drilling higher up ?
Q1 2024: - Estimated expense/cost of drilling (and how deep will be planned) the 6” hole and flow testing in Q1 2024 - What options for Drill/Flow test Q1 other than CAP raise - and likelihood of such. - Will there be left over cash from MK2 (and ST) campaign - estimate
Follow-up / future planning: - Where is the info from MK1 ? - core sample data etc. - Can the company provide correlation between MK1 and MK2 to estimate resource ? - when will info de delivered to 3rd party for independent resource assessment ? - What pertinent info has the 2023 2D seismic revealed - has there been a significant upside to prospective targets? - What’s the plan for next drill - doesn’t the company need to drill outside of the initial exploration lease before a mid 2024 deadline to ensure extended lease area conditions are met ? -Where will the 2024 drill be planned for ? - and how are we going to pay for it ? -Will different sampling techniques/tools be utilised in future drills - knowing the tough conditions the geology is providing us
Am sure there will be more… but these are the front of mind Q’s at the moment. There is always the PPSA and the Carbon Offset Project updates if you run out of questions to ask.
