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clock Created with Sketch. 24/07/18
08:19
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Originally posted by cashew
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Some AC quotes from Alan Kohler's interview that might answer one or two questions above:I should stress it is only progress because we’re still drilling. But we announced we had discovered nice quality oil over very high quality sand, it was quite substantial Buffalo ........... That’s another great asset I would say that the company is really well capitalised, very strong cash position, two really good oil projects to focus on, the opportunities for shareholders are pretty tremendous and pretty rare for a company of our size to have these types of opportunities. In my role I have a slight hamstring being what the ASX listing rules allow us to say and not say. I would echo though, Fred Weir’s enthusiasm, that this is a tremendous discovery and shouldn’t be discounted as such. There are a number of sands we still have to drill through probably over the course of the next fortnight. I think we’re in a great position technically to be able to then assess the discovery and I’m hoping around four weeks after that we’ll be able to come out with a reasonably concrete estimate on the volumes of oil .... .... let Quadrant and let Carnarvon’s teams finish the wells, do the proper sites and then come out in a considered way with what we think the results and the volumes look like, from which then the analyst can really get a handle on what the intrinsic value of the business is going to be. Fingers crossed we find more of the oil in quality sands as we drill deeper. We have a second well that’s drilling right now and that’s just about to go into its reservoir area ( PS3)
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Conspiracy theories aside (utter bloody nonsense IMHO), it simply cannot be any clearer without actually spelling it out what the expectations of both Quadrant and Carnarvon are over the next 4 weeks or so......This stock is cheap in any ones language !!!
(20min delay)