This was a B R I L L I A N T call TTC
If anyone is NOT following our UK brethren ( which I doubt ) here is a post from a chap called TIBURN.
It is rather good.
"Total 26 wells in Nanushuk sands drilled = 26 hits according to Bandy in his UK Investor evening presentation
Our JV licence area is surrounded by producing fields from these sands, Bandy is unaware of any drill that didn't find HC from this primary target
WINX drill lead Geo has worked in the region and been involved in Repsol 15 drills , all discoveries. He would have heavily influenced the spud location to the metre based on the 3D seismic and deep experience of the Geology
This is 1 of 4 prospective licence areas owned
If WINX 1 commercial, it will be sold and further target drills would be expected to be drilled campaign next season
Compounded growth potential exists here.
In terms of building the picture through research, I evaluate potential and come to a conclusion pre drill - potential is massive here just form precedent and nearology alone.
So I lock that down - I don't go back and doubt my reason to invest due to SP action and daily fluctuations.
Then the drill itself and RNS on oil shows over 234ft gross Nanushuk
The oil was targeted here and expected to be found, we did hit and oil shows were found - now just evaluating by wireline, it flows in all other wells.
Horseshoe 1 has 150 ft net oil pay and we have very similar well logs as confirmed.
So expectations were high pre drill, oil shows so far prove what was expected and likely to occur.
So I lock that knowledge down - and don't doubt my reason to invest to invest due to SP action.
This 18% drop is selling by those who havnt locked down that information, or don't want to take the risk to be in for results or happy with profit so far, that's all fair enough. For me that's a top up opportunity I didn't expect to gain.
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
Warren Buffett
Sure, it could be non- commercial, but ask yourself objectively what is the more likely outcome based on the factual evidence presented to date? "
