Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Nice little video from our man kola
Very strange but nice
Planting seeds maybe?
https://www.cnbcafrica.com/media/6279043784001/?_gl=1*13mise5*_ga*dFVPelVOOWdWMHUxWEI5NVpWelNsLVlkNjZaTDBFaC1RWlJVM3Y0ZGI3bERmSUJIUkR3aWx2aEQxOU5OVHVIdw..
AM was in earlier talks with Tallin so perhaps there’s a back up plan to gaining that 27%WI but only whilst bopd is in low figures for if Cuda can’t make the payments, guessing that Tallin will be making some v.loud ‘margin calls’. Once the taps get opened though, Cuda will be independent & raking it in.
Interview
Its worth listening to the IG Interview again as I did, lots of nuggets to be found.
One I found interesting was AM mentioned the butane gas used as a solvent to push the oil out and any left over gets recycled back in the gas plant and used again, maybe not a big deal in grand scheme of things but I did find that part interesting as how he views the gas as a high commodity and to reduce any wastage.
& IF Cuda default on their $400k/month,
Tallin are then entitled to carry out a heist,
worthy of a lock, stock & 2 smoking barrels,
to then take lien on their Wyoming assets,
Irrespective of Cuda’s I Quotients.
Cuda’s netback previously at $18
Since then the royalties have increased in line with POO,
So whilst the bopd has been kept stagnant,
Their netback has therefore decreased
& their ability to pay the $400k/month has reduced.
Lol, not saying that AM is worthy of being a Bond villain,
But that is one hell of a squeeze that Cuda are under.
& IF Cuda default on their $400k/month,
Tallin are then entitled to carry out a heist,
worthy of a lock, stock & 2 smoking barrels,
to then take lien on their Wyoming assets,
Irrespective of Cuda’s I Quotients.
Cuda’s netback previously at $18
Since then the royalties have increased in line with POO,
So whilst the bopd has been kept stagnant,
Their netback has therefore decreased
& their ability to pay the $400k/month has reduced.
Lol, not saying that AM is worthy of being a Bond villain,
But that is one hell of a squeeze that Cuda are under.
Let's hope so HFB but after I top up again tomorrow morning!!!!!
GLA
Signing off , Canada 8 trades on the bell and only 5 since , dead as a dodo
both markets , back to low volume and flat , must be a red dot flashing mid
FOMO Friday lol
here's to a banana's manana
l8trs
:))
Cant see the negotiations with Cuda having any influence , they bought in in 2018?
drilled the early gas wells to provide the gas for injection on the original gas flooding
and as per there research note ""had identified 8 zones""
No pulling the wool over their eyes, they started it all and know exactly what is in
play, in their own RNA messages over Sedar , they have regularly quoted comparisons
with the nearby Sand Dunes field and how it progressed and reserves increased over
time as did production.
A sweet deal to bring them onside , pick up the ceo (knows the region well) as a director
with shares and options , pay the other bod members with similar (non of the headache
still exposure to the whole license) and a secondary deal with the creditors based on
the extra percentage only/cash flow, would be what I would be pushing for.
Arty has all the cards , Cuda debts and default , creditors stand to lose big time
Arty should revel in such a scenario
:))
Interpretation of AM’s recent, aka ‘peaked’ was that there was some good positives :
oft referred to 4000psi being a dangerous working pressure
& then let slip that the ‘reservoir is balanced’.
So currently operating at only twice the previous owner’s injection level,
whilst ‘safety improvements’ are made,
Or until any negotiations are completed.
yes , he could have worded the , peaked phrase better lol , already stated delays with
gas increases to max level , so it would stall and start again ,once ramped back up.
Could have fed a breadcrumb , like although flows peaked at the end of August at
2720bopd , daily flows continue in the 2680-2700bopd range and are expected to
rise further once , full rate MF gas injection makes its impact etc blah blah
On the other hand , he has underplayed the 5000 by xmas hype , if he now states
with , or just before Q3 released , we are currently 3,220bopd (up 500) the doom
and gloom some feeling will be lifted as its jumped again and rising fast lol
Set it up for disappointment , if its is , it is , if it's not , all rosy in the garden
Set Deeps up to offset , if it is not as expected, can release at/same time the
new mega reservoir found in the 6 pilot well zones, it being larger than the
known reserves in the Shannon and suitable for high rate horizontal wells
would be a mega statement.
Not expecting anything other than a extended agreement for Nigeria , we expired last September
2020, many others had expired long before us , as the PIA (ex PIB) only been law since mid July
would be a pleasant surprise if Essar have moved to the top of the queue by next week lol
Needs a winner , winner chicken dinner RNA message either side of the Q3 to get a run going
and keep the up beat momentum , until he screams MF now 4000 etc
Cuda - Q3 - Nigeria - Deeps , back to back in the next couple or three weeks , should fit the bill
and if all good , it's a triple whammy , BOOM - BOOM - BOOM
If Q3/Nigeria not as many hope , could still hold , a BOOM flat fizzle DEEP BOOOOM
:))
HFB did you not get the impression he was quite negative on Q3 though, almost stating dont hold your breathe for anything to exciting anytime soon..Maybe im reading into it :(
probably LB but he only said the other day NO PLACINGS needed and as said he is a
position of strength , to do a mutually beneficial deal , for copl , cuda bod and the
creditors , with little up front outlay required
See if he still has it in him, another steal of a deal
:))
seemed to quickly recover 30.90p v 31.25p lets see
where we finish UT at ? , more completions after
1630-1635 daily close auction
:))
16:09:58 30.65p GBX 94,339 £28,914.90p Off-Book P XLON XLON
straight through the market , curiously the 250k delayed LRGS
after close Yesterday was 16:08, one for the road, lol
But it has oddments on it , could that be the last off it ?
:))
is 339 the magic number
Big enough to take us down to 30.5p.
How big Tand ?
not seeing it on the real LSE yet ??
:))
So far, only sub 600k traded today with almost
a quarter of that from the usual daily even drops
0807 10000
0901 15000
0910 25000
0923 10000
1013 25000
1045 10000
1343 50000
===========
----145,000
Fingers crossed the drop in volume and dripping into
the market , cleared ready for news flow GLA
:))
Er, unfortunately no. Guessing that was another big sell just dropped.
will bcarm get to post his daily
blue blue blue
Hopefully we end up blue and looking promising
Any increase on 56% Bladderman, this will go mental!
Patience guys. It's been almost two whole months since last flow rate update which is awesome. Another two from here and we could be at 4,000bopd which is a serious flow rate at over $80 for our 56%.
Patience will reward.
but slowed right down today , had many 10k , 25k , 35k and the 2 x 250k yesterday
must be on fumes now , even this mornings flurry was only 2 x 25k , 3x 10k 1x 15k
The 50k the first decent trade since 1045 , so could as you say be A.N.Other seller
but this is the mighty COPL, just when you think it's safe to top up , deja vu strikes
again
:))
95k in total , none since 1045 but that one makes 145k in even trades today
so still hanging , in the background
:))
One 50k sale today? big wow.