Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Quite impressive BOPD predictions - wire logging hopefully confirm !
Courtesy of Sadaat Umar tweet
"400 BOPD from R1/2, 400 BOPD from new three zones & 600 BOPD from Mengo = 1400 BOPD (without Djeno) "
https://twitter.com/sadaatumar/status/1080745278679011328
For the ask to go back to 12.4
75 mins of foolish behaviour now back to climbing and true value.
Many thanks 1stTee, as long as we all make money we should all be happy. This share went to the lows it should never have gone down to, but thats how it is on AIM, and that opened the door I guess for people like me to load hard. It is a hard market at the moment, but there have not been many successful oilers last year. Hoping this one will be, and at the moment, its de-risked on Mengo already in my book. Now to see how the awesome Djeno does, that reservoir is the real game changer for a tiddler like this.
I was all in then all out, still a big believer in the geology. Made about 70% in last few months so don't feel that I am loosing out by not being in for wireline results. You still have a massive holding so I hope you make a fortune.
11.7055 v 11.867
This mornings price action should be seen as a positive. I suspect the MM's were short of stock and have used this RNS to flush out some less well researched short time holders that have panicked. Along with some Elf scaremongers to help the process along there is now some stock available to sell at a higher price later.
Pullbacks are necessary to make a market and this one will be very short lived. Not expected wireline news till Monday but am expecting a blue finish today.
Excellent top up opportunity, just great news on this well upto 400 bpd
can anyone confirm any further information on below from the Finncap note:
"While Tilapia remains the main focus of management, over and above this it is pursuing other opportunities and has signed the exclusive right to negotiate to acquire two producing fields in a new jurisdiction. It is now completing the due diligence process on these assets."
11.60 v 12.00
The actual plan at the beginning on holding was simple. Holding would match the COS of each horizon. But since Mengo result, I am going with the 60% holding and not 25% I intended to have. The reason is simple for me, the geo is so spot on, and Djeno is expected now to hit on the apex of the horizon, in my mind Djeno is not 25% COS, but 60%. Although this is only my personal opinion.
1stTee
Yes still in, now holding 600,000 shares from the original 1m. I hedged as I said I would on the way up once Mengo was confirmed. This holding will now go to TD of the well and beyond.
Today is a non event in my book, and a gap back is sometimes a good thing for the book.
I would say we will be back into the 12's this afternoon or sooner, once interview places clarity and some bullish remarks on 103 imo. This is not a time for side line, as wireline logs will be the very next RNS. Tomorrow morning perhaps.
So an old well doing 30bopd we have the potential to get 500bopd and the share price goes down!? That's as much as mengo projection!? Crazy
Strongman are you still fully invested, I know you got in at a very low price and intended staying in for full drill albeit at reduced holdings as the drill progressed. You gave some excellent share price movement information during those lows which was received and I thank you for that.
The Sefton interview will be interesting. Not sure why he would want to do interview before Mengo news though. The last one certainly gave the share a massive boost so maybe more of the same from this one.
today are sharp....just look at aim market of late....go figure....chased them away today...ps ..rise priced in already....we watch from the sidelines.
been here plenty..... calm down....everyone has an opinion.....the rns say they will raise.....my opinion is I agree with the rns......and today is a precursor to that raise.....simple
Risk assessor again, I ask, expand, you seem unable to add fact and logic. Is it because you don’t know? Or haven’t been here until today?
plus interviews......are pr and marketing.....for the masses ..... ahead of raises normally
As shareholders are aware, we have not drawn down any further on the Sandabel facility. We want to replace this source of capital in the near future in part to meet costs of completing the TLP-103C well, and continue to examine various potential sources of funds.
around this morning, I'm very confident it will still end a blue day all ready for the logging results then it's off we go to the races and +20p.
Only winners today are the market makers in this first 40 minutes. Interview and wire line results both due, one this afternoon and one tomorrow morning hopefully.
And they all wanted it to drop on the new news rns this morning, and 8% down is all they got ;) and likely end day blue. Their plan seems to have failed with their false posts
Main event is in the pipe. Today’s increase in production news is but a sideline.
Should be huge gains at some point
very successful drilling campaign" ;-)
Risk assessor, expand on that, given there will be no raise until after well 103, at which point a decision will be made and that may well be non diluted depending on flow rates Do you have any logic, fact and substance or are you just scaremongering? Please research
the raise will come soon......you cannot delay the inevitable too long ......the news today is the precursor......imvhfo