Anyone holding BET? What are the chances of it going into a trading halt tomorrow? Need to offload some losses before EOFY, hoping it haven’t left it too late
https://preview.redd.it/4mo1nu8zw29d1.jpeg?width=712&format=pjpg&auto=webp&s=5e8dcc4fb7fe84b25aa4744e6263d347f903276c
This is after selling 3.3m shares so it would of been alot worse
Hear me out. New play. Crocodile farming in Zimbabwe. Can't possibly go tits up: [https://www.padenga.com/agribusiness-operations](https://www.padenga.com/agribusiness-operations)
Who wrote this crap…
Padenga embraces the use of technology within its operations and refining its management systems and these continue to give the Company a competitive edge. Bespoke software systems are geared towards enhancing efficiency across all operational and administrative activities to maximize performance and achieve savings in time, effort and cost. The use of customized business intelligence tools and a full-time data analyst on the staff not only allows for more accurate prediction and modelling of the outcome of specific operational scenarios, but also facilitates a quicker response to economic, climatic, and related issues that could negatively impact the Company’s performance. Pen-side capturing of operational information provides real-time data to management and is used to establish dash-board indicators that highlight immediately where variances exist against predicted targets, allowing for immediate response and correction.
https://preview.redd.it/garqkmlt529d1.jpeg?width=1179&format=pjpg&auto=webp&s=955628451520b08c075a568cec18a27097bc985a
Who to cull tomorrow? Or at least heavily torture it (partial sale)?
CTT big buying opportunity I reckon, strong financials and opened in China last week, only being held down by people taking their chunk of profit.
Expecting this to go beyond $2 comfortability in next couple of weeks 🚀💪🏼
It may well be, it might also be a genuine discovery thats been pumped also. I have got no clue what to make of it anymore, but I do genuinely think SUM has potential to be a $100mill MC in the medium term. As long as investors are doing their research and stick to strat and risk management, I don't see why it cannot be fruitful. Waiting for drilling results may well be the safest route.
Chips between two slices of breads hits hard. I got so many looks making it fuck off. I saw "white" kids in primary do it and I wanted that over my fried rice.
I held MAY, made money, bought options, was up $350,000, went down, made $50,000 profit, converted options, held last 2 years up and down like a yoyo. Could have traded this 20 times but wanted the CGT discount. Average 1.9c and holding til the very end regardless.
Aus Super has yet to buy the dip at all. Effectively enough
https://preview.redd.it/6v3qa3hso19d1.png?width=804&format=png&auto=webp&s=3fa0440662c6e3b6abea4941bfc631edabc734d1
So I was on YT watching lawn mower reviews, and I saw a recommended video that had Ai Elon Musk doing a live stream. I knew it was a scam and ignored it. The YT channel was 7News Australia. I thought nothing of it and assumed a fake channel. Well, it turns out 7 News Australia YT channel was hacked, and their YT channel has been nuked 😂
Top kek. Made my day.
I'm the boss: it's shit. Barely scraping by, overheads are savage.
But I'm also down to only one employee, and he's talented, highly skilled, conscientious, honest, great with cuntstomers, but also flaky af - health problems, he claims, and I'm 100% certain that's true, but definitely burned out as well. Good cunt but man, he's getting worn out too easily these days and I think he really needs to retire. Only in his 40s, but.
>!^(I'm also the sole remaining employee as well as the boss)!<
If Droneshield keeps getting fucked around with like this it's going to attract short sellers and then everyone's going to panic and it will take ages to get back to normal. I'm not loving this
What would be the thesis to short it? Would a good contract not be a disadvantage for shortsellers? Ofc if Droneshield does not deliever it will be a feast for shortseller.
With the russia ukraine war now heating up with north and south korea now contributing weapons. France doubling down, its only a matter of time before the uni-party sucks the tax payer of a few hundred million for DRO to build some more of the military’s favourite new toy the drone swarm.
Bear case for DRO is as soon as the Ukraine/Russia thing is over I don't really see another proper war like this happening again for a while so the demand for drones won't be as high.
I'd also wager that as tech/defense spending goes up, something else will come along and supersede drones so they'll become redundant.
Some guy was saying he has 200k after expenses and asked for advice.
I just found his post on WP forum saying he can borrow 200k at 3% interest.
He just deleted his post. Lol.
https://preview.redd.it/jyoi4jrv919d1.jpeg?width=1440&format=pjpg&auto=webp&s=862b93c9d61bea1777b6e46f1c598fa47669422f
Thanks for chatting about me!
But happy to clear up some of the gossip if that helps u sleep.
Deleted the post in this sub as everyone said it was more gambling related as opposed to long term investing. I posted my question in forums with a more educated audience (as clearly seen by ur post 😅)
I also can borrow 200k at 3% interest as well as pocket 200k a year extra $$ just from my job. Banks are happy to lend me money because i make a boatload
Didnt end up using crypto to setup a SMSF but actually made bank and used it to buy a house. I now own investment properties in aus that came from about 4k worth of bitcoin and other crypro investments.
Guess thats probably only something u could dream of 🤷♀️
I sort of know a guy who won ~$20k on the pokies. His girlfriend of about a year wanted Bolt-ons. So he agreed to use his winnings to pay.
She left him around a month after getting her " new assets" and she's now fucked half his friend group over the last year.
The poor guy has to hear constantly about how he paid for.everyone else to have fun with her new boobs. 😂😂😂
Reporting for duty o7
I made a small gain on an 88E punt back in early 2022, my logic was buy before the well spud announcement and sell into the hype. Surprisingly, it worked.
I consider that enough experience with the black tar heroin of O&G speccys for one lifetime though. So now I lose my money speculating on more socially acceptable companies.
I leave all the speccy dino juice companies alone.
Any speccies with binary outcomes are just plain gambling. Been there with bio and you usually lose more than you win.
I was looking at Chipotle ..but then went onto to read about peoples cost of living struggles in a totally unrelated article. My thinking is when people are struggling financially that the fast food gets cut out of the budget so not a good time to get into the fast food business. Maybe I'm wrong.. put me straight :)
All I can say is thank fuck my MAY average is 1.9c and they had success to produce from 1B. I feel sorry for all who bought in the last couple days as a trading halt should’ve been implemented. Piss poor management and accountability from the ASX. Hopefully they can fix this shit and people can get their money back.
Edit- some insanely large buys still coming through…
https://preview.redd.it/o9572j11z09d1.png?width=1462&format=png&auto=webp&s=8d788b192cb6b8561922dc9187da241f7a5216be
😅 just the demo account, forgot I set that one on the last dip......
A fire sale on MAY right now, a treat for the EOFY.
People doomer posting about MAY's future have to remember that recent bad news is just an appraisal on a new well, Amistad is still seeming very successful (If you can have faith in their dubious announcements).
A failed appraisal is not worth a 50% drop when the company has a genuinely successful well in my opinion
THIS IS NOT FINANCIAL ADVICE.
1k barrels a day isn't worth a market cap of 160m either. Brk produce more and are sitting at a 50m market cap. May will drop more. Hardly a fire sale. And I was a massive may bull
Im assuming this is not the dip to rocket time for MAY - or just the life of a O&G stonk
AI summary.... of the positive part, but negative "This result is consistent with a previous failure in the deeper Marti reservoir, raising concerns about the well's productivity"
"Positive:
* The successful perforations confirmed the presence of pressure in the reservoir.
* The focus remains on the Amistad reservoir, which is on track to deliver the first oil export this year.
* The company plans to gather all available data and develop a remediation plan based on expert knowledge.
* The results do not impact the initial field development plan based on Amistad Unit 1B.
Overall, the announcement presents a setback in the Alameda-3 appraisal well, but the company remains optimistic about its plans for the Amistad reservoir and aims to address the issues encountered in the Alameda well.
"to gather all available data and develop a remediation plan based on expert knowledge" sounds like a lot of baloney but what do I know I'm just a dumbfuck like the rest of yas
MAY's announcement from 25th did not say that there was actually oil, only that the flow test would produce a result if there's actually oil. Kind of a dick move if you ask me.
I brought up their shitty announcements here once and got chewed out. I'm still pretty sure they've never actually found gas, in the sense that matters.
\*Just checked their ann. Check this out lol:
"Consistent with recent results from the deeper Marti reservoir, drill string fluids were unable to be recovered during flow testing."
"Consistent with recent results we lost equipment down this hole too." Jesus christ
Sounds like same issue as Marti however they don’t know. It doesn’t make sense based on A1 and the properties of the well. It could all be fixed but highly likely it’ll compromise the well and not be rectified
Ikr, but it’s not even the people here it’s the actual stock owners dumping when they see the words “no oil samples were obtained” and not understanding a word of it lmao.
Anyone holding BET? What are the chances of it going into a trading halt tomorrow? Need to offload some losses before EOFY, hoping it haven’t left it too late
Please could someone give us a Porn loss from MAY today? 😀
https://preview.redd.it/4mo1nu8zw29d1.jpeg?width=712&format=pjpg&auto=webp&s=5e8dcc4fb7fe84b25aa4744e6263d347f903276c This is after selling 3.3m shares so it would of been alot worse
Holyyyyyyyy u yyyy pls take my awards
Only cowards sell, ride the ship down to a de list
Cowards and those that can now buy a bottle of fine whisky
Maybe you can just give us your loss porn. Doesnt have to be sold to get us excited
My average is 1.9c, I am still up
Who is your exit liquidity going to be?
Seriously how? You're laughing man
I’ve been on this ride since MAY was 1c and then they had options for .005
To be fair, I'm sure the Kool-Aid didn't taste that bad, at least it's flavoured.
When a fund frontruns a shitco to cause a momentum P&D and now the dump happens 🤡
Hear me out. New play. Crocodile farming in Zimbabwe. Can't possibly go tits up: [https://www.padenga.com/agribusiness-operations](https://www.padenga.com/agribusiness-operations)
IVZ COULD PIVOT!
Who wrote this crap… Padenga embraces the use of technology within its operations and refining its management systems and these continue to give the Company a competitive edge. Bespoke software systems are geared towards enhancing efficiency across all operational and administrative activities to maximize performance and achieve savings in time, effort and cost. The use of customized business intelligence tools and a full-time data analyst on the staff not only allows for more accurate prediction and modelling of the outcome of specific operational scenarios, but also facilitates a quicker response to economic, climatic, and related issues that could negatively impact the Company’s performance. Pen-side capturing of operational information provides real-time data to management and is used to establish dash-board indicators that highlight immediately where variances exist against predicted targets, allowing for immediate response and correction.
they have real-time dashboards to monitor the crocodile sex. It's innovative
What, no mention of AI or NVDIA partnership?!
Hopefully they are an equal opportunity employer with a strong bias towards inclusivity
+1.22% Maybe selling is over for some of the trash I hold, now 🚀 BPHOB +50% 🤡 CDT +42% 🤡 Zip back to $1.50 and -50% 🎉
Why CDT up 66%?
It’s only a 1.5 pip
SS is up to something is he? Maybe he found more graphites
Market Capitalisation $4.65M
back into LTR @90c 😬
Any SPR holders here? I'm thinking to go balls deep for potential take over premium..surely we are looking at 1.10-1.20? Cough it up ramelius you dogs
TO wont come before 4 months has passed since acquiring shares (or so we are led to believe)
https://preview.redd.it/garqkmlt529d1.jpeg?width=1179&format=pjpg&auto=webp&s=955628451520b08c075a568cec18a27097bc985a Who to cull tomorrow? Or at least heavily torture it (partial sale)?
CTT big buying opportunity I reckon, strong financials and opened in China last week, only being held down by people taking their chunk of profit. Expecting this to go beyond $2 comfortability in next couple of weeks 🚀💪🏼
I think you have some news to catch up on
Had to come back and say my prediction is going very well for me now 👌🏼
WTF SUM 🤬
Hahahaahahah. Sorry this is surely a pump and dump strategy
It may well be, it might also be a genuine discovery thats been pumped also. I have got no clue what to make of it anymore, but I do genuinely think SUM has potential to be a $100mill MC in the medium term. As long as investors are doing their research and stick to strat and risk management, I don't see why it cannot be fruitful. Waiting for drilling results may well be the safest route.
My stop got triggered so still walked out with 60% .. will probs buy back in, someone bought 1mill shares on close. Theyre shaking loose hands hard
Saw that
Scam dream. Was always going to happen
I call BS that the value of RED is about equivalent to BC8.
^[Sokka-Haiku](https://www.reddit.com/r/SokkaHaikuBot/comments/15kyv9r/what_is_a_sokka_haiku/) ^by ^BalanceForsaken: *I call BS that the* *Value of RED is about* *Equivalent to BC8.* --- ^Remember ^that ^one ^time ^Sokka ^accidentally ^used ^an ^extra ^syllable ^in ^that ^Haiku ^Battle ^in ^Ba ^Sing ^Se? ^That ^was ^a ^Sokka ^Haiku ^and ^you ^just ^made ^one.
Al3 really jacked off the haters today. ![gif](giphy|QNVzHsF15bPhnpJBzU|downsized)
WE ARE EXPECTING A BABY GIRL 🥳🥳🥳
Congrats!!! No more buying penny stocks for you, unless you call her penny and then buy her stonks 🤔🤔🤔
Chips between two slices of breads hits hard. I got so many looks making it fuck off. I saw "white" kids in primary do it and I wanted that over my fried rice.
As an adult, I eat chips as a meal. Embrace the flavour!
I just had a box of bbq shapes for dinner!
Pizza shapes are better. Fite me.
Chicken crimpy and it’s not close.
God tier green packet grainwaves.
🤤😮💨
No. Just no.
After eating a box of bbq shapes, the salt or msg makes my mouth dry for a few days.
As much as I do love salt and vinegar chips, they have that same effect on me.
![gif](giphy|1Pm9BgspA6fwk)
Salt and vinegar right now is so good. The crunchy, then puck from the vinegar and the bread just taming it all at the end so good.
been a weird week, start the day red and end the day green.
We aren't green, soggy
![gif](giphy|3xz2BPbIqcqpFDKXsI) One for the cunts who didn’t make it today
New season of the bear 🐻 dropped today. Fitting given the sentiment around at the moment. Give it a watch if you haven’t, good shit.
Yes chef thank you chef
Thank you Jeffrey.
I’m getting angry *Rubs heart with knuckle*
Thanks for the reminder. Great show. We should all open a few Tomato cans every now and then, just in case.
The last episode of season 2 is one of the best episodes of TV I've ever seen
For sure. Forks (where Cousin works at Ever for the week) is probably my fav. But S03E01 is right fucking up there.
The guy looks like gene wilders son.
Spitting image!
Taking profits and leaving losses to recover looks different to much red.
It’s seriously impressive how massacred my portfolio has been. Not had a green day in 2 weeks+
Mate I think most of us if not all are in the same boat
This is a safe a place. Did anyone here buy may high, sell near bottom of dump the other day, then buy yesterday's high?
anyone who did that deserves to lose money
I held MAY, made money, bought options, was up $350,000, went down, made $50,000 profit, converted options, held last 2 years up and down like a yoyo. Could have traded this 20 times but wanted the CGT discount. Average 1.9c and holding til the very end regardless.
Only Roach. Surely nobody is as retarded as that guy
I believe Roch is a female. But yes, a clearly highly regarded one.
No doubt he will claim he sold today at $0.063
PLS $2 they said... You'll be able to buy the dip they said....
$3 is the new $2 due to inflation
Aus Super has yet to buy the dip at all. Effectively enough https://preview.redd.it/6v3qa3hso19d1.png?width=804&format=png&auto=webp&s=3fa0440662c6e3b6abea4941bfc631edabc734d1
"Professional" knife catcher, and with someone else's $$
So I was on YT watching lawn mower reviews, and I saw a recommended video that had Ai Elon Musk doing a live stream. I knew it was a scam and ignored it. The YT channel was 7News Australia. I thought nothing of it and assumed a fake channel. Well, it turns out 7 News Australia YT channel was hacked, and their YT channel has been nuked 😂 Top kek. Made my day.
I’m about the jinx it, but the market is red and my whole portfolio is green.
Ah MAY, turning pipe dreams into pipe bombs
lol.
Re enter MAY @ 0.035
Samesies
RMD almost back to my buy price ![gif](giphy|5K7ngCtszoxxbaBieC|downsized)
![gif](giphy|NHh7D7qR0LTSDtfu8p|downsized)
Now 1.5% in profit. Hopefully another good 2-3 days sees it back to $30
Fuck yeah🤙🏼 It popped today, wish I'd held now 😁
Alright, who got sloppy seconds in Aunt MAY's hole? Scotty had the first go*
Got iphone 15 pro gifted by work, should I use or sell and wait for 16?
Yes.
Lucky bastard, peek of the job?
Peek of the job 👀👀👀
Be the boss
I'm the boss: it's shit. Barely scraping by, overheads are savage. But I'm also down to only one employee, and he's talented, highly skilled, conscientious, honest, great with cuntstomers, but also flaky af - health problems, he claims, and I'm 100% certain that's true, but definitely burned out as well. Good cunt but man, he's getting worn out too easily these days and I think he really needs to retire. Only in his 40s, but. >!^(I'm also the sole remaining employee as well as the boss)!<
What ever happened to AGC? Does anyone still hold it?
everyone got excited with Cobar and its polymetallic mineralisation for 5 minutes but then remembered the current asx meme is actually still niobium
If Droneshield keeps getting fucked around with like this it's going to attract short sellers and then everyone's going to panic and it will take ages to get back to normal. I'm not loving this
What would be the thesis to short it? Would a good contract not be a disadvantage for shortsellers? Ofc if Droneshield does not deliever it will be a feast for shortseller.
I sold dro yesterday. Too much dumb money gunna get shorted.
With the russia ukraine war now heating up with north and south korea now contributing weapons. France doubling down, its only a matter of time before the uni-party sucks the tax payer of a few hundred million for DRO to build some more of the military’s favourite new toy the drone swarm.
Bear case for DRO is as soon as the Ukraine/Russia thing is over I don't really see another proper war like this happening again for a while so the demand for drones won't be as high. I'd also wager that as tech/defense spending goes up, something else will come along and supersede drones so they'll become redundant.
Bear case is if DRO enters the ASX200 shorts will massacre it
Or we could gamestop dro
Inflation is king. https://preview.redd.it/7vnxzqpmd19d1.png?width=688&format=png&auto=webp&s=e44db05335a3bdfd3aaaf24807da6c6e7ccace67
Some guy was saying he has 200k after expenses and asked for advice. I just found his post on WP forum saying he can borrow 200k at 3% interest. He just deleted his post. Lol. https://preview.redd.it/jyoi4jrv919d1.jpeg?width=1440&format=pjpg&auto=webp&s=862b93c9d61bea1777b6e46f1c598fa47669422f
Thanks for chatting about me! But happy to clear up some of the gossip if that helps u sleep. Deleted the post in this sub as everyone said it was more gambling related as opposed to long term investing. I posted my question in forums with a more educated audience (as clearly seen by ur post 😅) I also can borrow 200k at 3% interest as well as pocket 200k a year extra $$ just from my job. Banks are happy to lend me money because i make a boatload
https://preview.redd.it/id0xo50x919d1.jpeg?width=1440&format=pjpg&auto=webp&s=0a4d93b40912e8ed9cc288ddde8db10d15f5f53f
https://preview.redd.it/96plh2rzb19d1.jpeg?width=1437&format=pjpg&auto=webp&s=dabaf680f62f1cba6341293627088e3a15c8380a The plot thickens 😂
Didnt end up using crypto to setup a SMSF but actually made bank and used it to buy a house. I now own investment properties in aus that came from about 4k worth of bitcoin and other crypro investments. Guess thats probably only something u could dream of 🤷♀️
Man I know like ten guys like this, they moved back to Aus and blew it all on houses and boats then typically the missus took half
I sort of know a guy who won ~$20k on the pokies. His girlfriend of about a year wanted Bolt-ons. So he agreed to use his winnings to pay. She left him around a month after getting her " new assets" and she's now fucked half his friend group over the last year. The poor guy has to hear constantly about how he paid for.everyone else to have fun with her new boobs. 😂😂😂
If you follow his posts it's strange as fuck 😂
God forbid i ask questions about multiple topics 😅
https://preview.redd.it/rnsppbxjc19d1.jpeg?width=1440&format=pjpg&auto=webp&s=a888bc946812a5a671e6d9b9814fc4c338bc6381
1337 ELITE. But 3% is big man,
Other than a desire for some MAY loss porn posts please gang, I've nothing else to contribute currently.
Not even a bad meme?
https://preview.redd.it/0g570znvq19d1.jpeg?width=603&format=pjpg&auto=webp&s=6183947b9df942b19146b231000fb016a83c4acd You asked for it.
Outstanding 🤘
So is there anyone else in here that doesn't hold MAY?
Fuck O&G
Oof just saw today’s change. Never held but that’s toughhh.🩸
Reporting for duty o7 I made a small gain on an 88E punt back in early 2022, my logic was buy before the well spud announcement and sell into the hype. Surprisingly, it worked. I consider that enough experience with the black tar heroin of O&G speccys for one lifetime though. So now I lose my money speculating on more socially acceptable companies.
🧘🏻♀️
I leave all the speccy dino juice companies alone. Any speccies with binary outcomes are just plain gambling. Been there with bio and you usually lose more than you win.
I don't fuck with that O&G speccy market. Satanic, black magic shit.
Not any more. Bought the dip on 18th and sold 26th. Leave the absolute lows and highs for someone else.
It’s talked about so much I flat out refuse to!
never held. O&G exploration bit too out there even for me
+1
+1
Sometimes may be good, sometimes may be shit.
12.5 mil. So the panda was off by 1.8 mil
rip
pando wrong again 😲
# u/letstestit22
GYG back at $30 lol, they’ll prob dump it after EOFY
I feel like it’s more likely to hit $40 before it hits $20. 🥴
I wish I could buy puts. 😢
GYG back to $30. My gosh… there are a lot of burrito lovers.
If you want to see the power of mexican food look at Chipotle (NYSE: CMG) I think their burritos have A.I. in them.
I was looking at Chipotle ..but then went onto to read about peoples cost of living struggles in a totally unrelated article. My thinking is when people are struggling financially that the fast food gets cut out of the budget so not a good time to get into the fast food business. Maybe I'm wrong.. put me straight :)
Where is CPV 🚀 dude
Sleeping fuck off ya dawn EDIT: aw shit lessgo 🚀🚀🚀🚀. Wish I didn't sell some units yesterday tho. O
you sold when there's contract due? damnnn
Only 4k units out of 24k I bought some extra in 40c range last month, but the 20k is the core long term long 🤷♂️
All I can say is thank fuck my MAY average is 1.9c and they had success to produce from 1B. I feel sorry for all who bought in the last couple days as a trading halt should’ve been implemented. Piss poor management and accountability from the ASX. Hopefully they can fix this shit and people can get their money back. Edit- some insanely large buys still coming through…
They won't fix things. Far too messy. But it would be good to see a bit of accountability.
It’s not impossible and does happen frequently but how this was not foreseen blows my mind. Also the costs are now going to be significantly higher
I simply live with the pain
Damn it sat on my hands to rebuy PLS for a trade :(
Wait I just realised that EOFY sales make sense and it isn't just a meme everyone says here wtf.......
And the last horse finishes the race
Slow clap
..of horse dung hitting the ground.
https://preview.redd.it/o9572j11z09d1.png?width=1462&format=png&auto=webp&s=8d788b192cb6b8561922dc9187da241f7a5216be 😅 just the demo account, forgot I set that one on the last dip......
MAY the new 88e?
88E at least found water
At least they have production from 1B deemed commercial
![gif](giphy|eIxfqYj49VsaTbFKJ4) AL3 holders today.
Insane volatility on MAY this week lol. Pity those who bought in at .6 yesterday and today oof
Yesterday I was a hero, now I’m a bag holder. How the turntables.
Double down today and the only thing you'll be holding tmorrow are the keys to your new Sunshine Coast beach villa brother.
..because he will have had to get a second job as a house maid to the owner of that villa?
A fire sale on MAY right now, a treat for the EOFY. People doomer posting about MAY's future have to remember that recent bad news is just an appraisal on a new well, Amistad is still seeming very successful (If you can have faith in their dubious announcements). A failed appraisal is not worth a 50% drop when the company has a genuinely successful well in my opinion THIS IS NOT FINANCIAL ADVICE.
1k barrels a day isn't worth a market cap of 160m either. Brk produce more and are sitting at a 50m market cap. May will drop more. Hardly a fire sale. And I was a massive may bull
I’m averaged at 0.04 rn I’m just tryna gaslight myself into believing we can hit nirvana again
Lol
![gif](giphy|tMOyj4hkcxSfe|downsized)
I'm buying if it drops another 30% today.
Im assuming this is not the dip to rocket time for MAY - or just the life of a O&G stonk AI summary.... of the positive part, but negative "This result is consistent with a previous failure in the deeper Marti reservoir, raising concerns about the well's productivity" "Positive: * The successful perforations confirmed the presence of pressure in the reservoir. * The focus remains on the Amistad reservoir, which is on track to deliver the first oil export this year. * The company plans to gather all available data and develop a remediation plan based on expert knowledge. * The results do not impact the initial field development plan based on Amistad Unit 1B. Overall, the announcement presents a setback in the Alameda-3 appraisal well, but the company remains optimistic about its plans for the Amistad reservoir and aims to address the issues encountered in the Alameda well.
"to gather all available data and develop a remediation plan based on expert knowledge" sounds like a lot of baloney but what do I know I'm just a dumbfuck like the rest of yas
MAY's announcement from 25th did not say that there was actually oil, only that the flow test would produce a result if there's actually oil. Kind of a dick move if you ask me.
I brought up their shitty announcements here once and got chewed out. I'm still pretty sure they've never actually found gas, in the sense that matters. \*Just checked their ann. Check this out lol: "Consistent with recent results from the deeper Marti reservoir, drill string fluids were unable to be recovered during flow testing." "Consistent with recent results we lost equipment down this hole too." Jesus christ
Waiting for comments about people not understanding the announcement and panicking. Old faithful MAY.
Nah it’s shit
So what now for the company?
Produce from 1B and figure this shit out. Hopefully cash from 1B can fund further wells
Thanks. What was the problem this time, they couldn’t extract oil despite data showing the contrary?
Sounds like same issue as Marti however they don’t know. It doesn’t make sense based on A1 and the properties of the well. It could all be fixed but highly likely it’ll compromise the well and not be rectified
AP should be sacked
2 hours to let his mates sell and then announce shit news
I got worried seeing the dip but after two huge green days I thought it was t+2 traders or a healthy pullback. Have you sold out?
Same, should’ve known better
Ah damn, sorry to hear!
It should have been in a trading halt, piss poor management of this
Ikr, but it’s not even the people here it’s the actual stock owners dumping when they see the words “no oil samples were obtained” and not understanding a word of it lmao.
Oof
![gif](giphy|xUPJPCRVYGUYZzyWzu)
MAY ya cunt
Accurate. At least we know there’s a pattern of leaky
Yeh it’s been like that for 3 years, ridiculous standards of reporting
I went to go make a coffee and MAY wtf?!
MAY my beloved, shank me in the ribs for the FIFTH TIME eh???