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The premiums on silver have been horrendous recently but glad you got a deal. This just proves how paper masks the true value.
Gold and silver are some of my favorite hard assets besides real estate. Back in early winter I found a hidden bag in an old secretary desk we had obtained from my wife’s late grandmother. It contained several 1800’s Morgans, Walking Liberties, and Kennedy halves. About 25 or so.
Thanks
I sent an email in earlier when you posted.
Higher pressure would indicate gas on top. Gas always sits above oil and oil above water if static and under pressure.
Based on the height of the sun and the clarity of a static pool nothing can be proved whether its water or an oil slick of api 31 on surface. Any liquid that reflects light at such a photo angle cannot be determined. Claims that it’s water or oil are just guessing at this point.
What’s the most obvious sign of what’s below surface based on photos/videos?
It’s the BOP stack.
Why was a 10k psi BOP stack still installed on the wellhead unless…….We had some very high pressures there maybe?
I’ll also add that back in Nov/Dec Pars Anatolian performed a nitrogen flush of the well since drilling to TD had ended as well as drilling. For those next 2 months wireline services were performed by PSI while all the mudlogging and wireline data was analyzed. Then based on that data it was time to complete the well with liners for production testing. So we waited for the liners and completion equipment as well as submitting work plans to the Ministry.
While this is all being done the mudpit is simply sitting there as a reservoir for cuttings, waste mud, and whatever oil might have been mixed in. It appears to show oil in that photo but nothing can be confirmed with absoluteness because the photographer didn’t get a better angle and shot.
Now we are either still perforating zones or we are finished and waiting for stimulation. Who knows?
We simply need Zion to tell us and not guess ourselves.
It’s a mudpit filled with drilling fluid. They use a water based mud that has multiple additives. You won’t necessarily see a mudpit filled with oil as thickened drilling fluid is circulating throughout the system. Weight of the mud will keep downward pressure on any oil but gas could not easily be is the pressure is high enough. If there is a “kick” of hydrocarbons guess what happens? The rams on the BOP close and the well is now closed while pressure is monitored. KyOil could add more color to this.
I’m under the impression that his shares were purchased at a much higher pps pre-2019.
Why are you and I not on the board?
The window to get ground zero media intel is very small.
Yeah we tried that already….
Thank you for that concise run down of operations both past, present, and future KyOil!
Net present value
Here we go with tinfoil and chemtrails again…..Give it up.
What you don’t understand and never will is there are lots of movements among specific sectors like jobs, contracts, alliances, rebranding, equipment, etc. It’s nothing out of the ordinary.
Good analysis and the grade fits the student’s performance.
Get ready for the next 2 weeks of absolute nuttiness. We could be seeing forums light up with massive volume of posts and many bears rage quitting in succession.
The letter from the ministry to approve the eight month extension came the very day before on November 29, 2021
License expires 8-1-2022
After expiration in the case no extension is given mitigation procedures take place according to the Petroleum Law.
474 million shares
C’mon man!
Nope. It’s just a bullish roll call.
You’re late to the game. We have been aware of and have been using the updated Ministry website since last year. Old news BM and color on a map showing an exploration license is a nothing burger right now. What matters are PR’s, K’s, and Q’s. Any update on license will be announced by Zion first.
Pics were taken mid to late May
On May 11 this was stated:
“Zion’s MJ-02 well has been completed through casing, liner, and cementing. Ongoing operations include well stimulation and DST testing. All necessary equipment to conduct the well stimulation and DST testing are in-country despite the global logistical backlog.”
Would perforation and stimulation possibly precede DST?
It’s still there as the most recent post on PSI’s LinkedIn page.
Perforations are always considered part of testing on an exploratory well. In a production well it is for enhancing production.
PSI began perforations as of 8 hours ago based on their LinkedIn page.
Excellent ideas that I absolutely agree with.
The lack of shareholder info is pretty bad. There have been multiple claims from management about supporting shareholders but I’ve seen very little if any of that in action. I think the ASM reveals about the geology and operations were solely due to shareholders voicing their concerns on social media.
Any idea if SOA working the Yahel-1 well was the one that Dunn referenced in the ASM wrt re-drilling multiple times and getting no where with those highly mobile shales?
If not them then it must have been Givot with Meged-6 based on “1.5-2 years of trouble.”
I’m game. I have my facts in order. Problem is some alternative facts are being pushed by bears and they solely exist in the realm of IR and corporate structure. Not one ounce of science is discussed with them. I’ve played this game already numerous times Freedom.
Dunn said it clearly. Follow the K’s and Q’s.
I’d say KyOil and my scenario is in play.
You missed the /sarc tag?
Sure, that makes absolute sense! Just keep burning cash on a well deep in rural Israel just for paychecks!
….. /sarc
What makes you think Zion wouldn’t prefer “secrecy” as the law allows so that there is no competition for land areas? You do know what the law reveals concerning bidding for licenses and leases, reduced land areas when converted to a lease from a license, and loss of infrastructure and equipment to the State to name just a few?
What makes you think the 3D, well completion, DSPP whales, analogous evidence from MJ01, and all well data/samples doesn’t speak volumes about the positive aspect to MJ02? Have you digested studies on hydrocarbon shows and how they pertain to pursuing well completion? Schlumberger also agrees with what I’ve discovered.
Based on the previous derivative lawsuit why would Dunn reveal things that are not “bulletproof” yet? Would it really be in the best interest of all involved?
Why do some say it’s a scam while also denying that the Ministry, who has possession of all data and samples, does not agree with that false claim?
Speculation without talking directly with the guy. Seems like a character with some insider knowledge.
Based solely on the Guidelines for a commercial discovery, only after the Ministry, 3rd party groups, and EMP groups confirm will a big press release come out.
Dunn’s words on that:
“We are anticipating completion and testing into Q3 and that is giving it a fairly tight timeline…..”
True but some of us are speculators by trade. Nothing wrong with that at all as many market sectors rely upon speculation for outsized gains. Want 5-10 baggers in the resource industry? That requires speculators and I’ve procured a few of those in the mining sector.
It is increasingly looking like the Fed may be losing control to the other side; deflation. Create enough demand destruction from a policy mistake one way or another and the chances to create lasting damage increase exponentially. We’ve just seen commodities get crushed. Next 2 months could be brutal. Dr. Copper had already announced the bad news about 2 months ago. We are already technically in a recession and next GDP numbers should shore that up nicely. Growth is getting demolished.
Deflationary collapse? That might be worse than letting inflation run super hot. Very hard choices exist for central banks.
CPI numbers come out Friday which should express a normalization which is only annualized. I still think inflation will kick up even higher after a disinflationary event. If that is what we are seeing…..
Super low volume in the equities, running out of sellers, and cash being the best place to hide. It will only take a small institutional interest to up the holdings from 1/2 of 1 percent to around 1 percent that could move gold to massive new highs. In the 1980’s the weighting was 10% gold. Imagine moving to a 5% institutional holding?? Forward guidance from the likes of Goldman Sachs has gold at $2500 by EOY.
Gold producers are literally the most undervalued stocks that exist today. This next financial crisis will see them rise to heights that surpass the 2008-2011 bull run. It will take a bit more time and patience. A capitulation selloff may still happen but at some point the Fed will back off. Central Banks already lost the battle to inflation and the East is creating a new currency regime that will greatly pressure the West.
My case is that the bullish fundamentals are ever firm for gold as central banks are still buying but they don’t want you to know nor do they want to buy at high prices.