Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Thank god for Dan the man to cheers us up on the BB when he not invested, it seems to be plagued with folks who sold out but compelled to moan on a stock they not in, I’m not expecting too much but surely some sort on direction and timeline on when we hope to be arriving would be nice but we will see
Chris - any luck trashing any of Dan’s companies? Don’t think they will be too pleased with you!!
I might drop Orana an email and let them know what’s going on.
Old desperate Dan still trolling the company?
The same one that wanted shareholders to spend another 4 million on HE-1 and failed, got kicked out and wanted the BOD to sell at 7p when they sold most at 21p.
Incompetent it would seem & it should be shared widely.
AA - it was a bad deal in that they had not margin in it for prices moving down. Also the reserve life was only a few years so big risk that prices were low and no chance to average out over life of field.
That said, the penalties for pulling out, and sunk costs in GNEISS fees were a killer, and I think it would have been better if they had gone through with it (even with low gas price at the time).
These guys are supposed to be at the top of the oil and gas game. How did they get it so wrong?
Hindsight is a marvelous gift mrc, not what you where saying at the time was it ( as Neil Hannon )
They never screwed up badly, if they had gone ahead at the time it would have crippled the company,
No-one could have seen this far into the future and this spike in gas price won't last forever so what they are doing now is visionary, getting out of this outdated fuel is the way ahead,
Best get back to your heavy oil and debt laden Enq.
Got to agree flexmw, a recent report in conjunction with BP has forecast that 56% of all current WW oil and gas reserves will in fact stay in the ground if the 2030 to 50 targets are going to be hit.
O&G will largely become extinct like the dinosaurs.
The power is fixed price I believe so no exposure to energy prices.
Meanwhile it’s a bonanza for Nat gas. BOD screwed up badly with one dyas.
Prior to the recent deal & assuming the webinar is in relation to the deal being signed off etc I have generally had the thought it’s the wrong direction to be going & was more than frustrated at the 1Dyas deal not going through & a total u-turn on what was trying to be achieved….. however with the current energy ‘crisis’ hitting the headlines & Nat Gas prices soaring i’ve seen a few tweets etc that caught my eye .. the Biomass market provides 5.2% of daily electricity supply & I’ve seen higher percentage days recently, whilst surprisingly your solar & windfarms pretty much no contribution at the same time. The biomass has been a solid provider, I know Scir need to upscale but could this first deal just be the start… i’m more positive now than when the deal was announced …
https://twitter.com/javierblas/status/1439664042252152833?s=21
Lol, tin foil hat on Chris?
For those who are not aware, Chris thinks he has unmasked me as former BOD Dan Maling, and is trying to spread rumours on the HEV bb (which Dan has some involvement in). It is very strange.
F knows who he is Chris
Had more names than Cheryl Cole.
Ariel, you mean Dan?
I wonder what Neil Hannons un-VPN'd IP address is?
Projections are fine when you look at full field development but realistically it will be costed for sale at the current market rate. What exactly that is beyond the $20 million per 25% as per the AEX/ARA deal is a mute point. Certainly it now has a 2 year extension licence and a pretty large uplift in mean risked recoverable gas resource to 1,990 Bcf since that last deal closed.
You sound desperate mrc.
Chris - doubt this drill would prove up much of that “management estimate”. Certainly won’t be booking that as reserves, lol.
Great idea to try and pump the SP though!
Hi AA - yes quite right!
Still up 5x from a year ago though!
PMG a no brainer with the profit they are making on the Dutch gas. News on the other development assets could drop at any time as well. And a potential drill next year. All very exciting if anyone is bored of SCIR! AIMVHO
They'd take a 20th of that. Remember that value will be realised over 30 years of extraction.
I’m sure our board would take a quarter of that figure for a complete sale.
Not that far off nr’s valuation.
Some interesting valuation debates on Ruvuma post C1 drilling GSA and production on the AEX bb I copy and paste for info.
"management estimates suggest a mean risked gas in place ("GIIP") for the Ntorya accumulation of 3,024 Bcf, in multiple lobes to be tested and a mean risked recoverable gas resource of 1,990 Bcf, which will be appraised by the planned seismic and drilling programm"
so once proved up by seismic and CH-1 and put into production and assuming the same GSA terms as WEN, then Aminex could have 1P reserves of 500 Bcf, or 5 x the amount of WEN, (their 2P estimates notwithstanding ) so 5x their NPV10 of $116.6 million ? = $583 Million for 25% of the field.
I see Dutch gas is taking a hammering( down almost 14% today
I thought we where being kept updated
Evidently only when it goes up.
Afternoon Chris.
Haven’t a clue about electricity generation and pricing.
Not even sure how much we generate every day.
Still awaiting some Ruvuma news.
Webinar could be very boring unless there is some big news beforehand.
Great time to be bringing on line a 0.5MW producing Anaerobic digestion plant.
Wholesale electricity prices up from £53 Mw/h in Jan to £82.98 now
Chris my children Cherry Tomatoes on the Window Ledge has produced very little this year :o(
don`t want to agree with you Colin but unless everyone on the planet died of Covid I couldn`t not see demand not going back up, they should of taken advantage when the gas prices collapsed but I feel we were so financed up and skint they just didn`t want to take any risks really, hindsight is a wonderful if I had kept in my investments before I would of been a millionaire but that's life, but I`m hoping this is not going to be a pointless exercise watching this but as I`m heavily invested I guess I should, if the board good as they think then maybe they produce another winner soon :o)
Morning steve, indeed, it's all about Ruvuma still as this is the only way they can finance the 30 million of assets they say they have identified.
I assume the current deal with EAG is due to close on or around the 21st Sept?
Good news, tomatoes are finally going red!
As I previously said, you have a very short memory mrc
Will you eat your hat about HE1?