Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Looks like multiple accounts being used to troll
When you 3 leave
98% down on my investment ( Sorry rip of )
Have you not seen the light yet ( Sorry 1 single 5 watt bulb )
65jh,
Could you explainplain the downside here from the SP of 0.135 ?
iNCREDIBLE how people ignore the bear case which is absolutely the obvious and only path here. I said yesterday be careful, I think my post was removed. An absolute money pitt but expect a certain bank robber ramp to try and extract his loot from here. Bulls = fools Bears = trolls. Happy troll!!
"we estimate that Andalas would hold a participating interest of approximately 18% in Betun-Selo upon exercise of the option. However, any increase to Andalas’ expenditure above the expected minimum of $0.65m increases the company’s ultimate PI substantially"
More infrastructure expenditure is needed, the participating interest will rise accordingly.
"· Following the workovers of both BTN 01 and BTN 14, produced water rates have increased significantly requiring both wells to be cut back to the current rates "
The BOPD & Revenues will increase with upgraded & extra infrastructure.
Good Luck All Shareholders
I am happy with Greg Mawhinneys performance to date. It would appear we currently can process up to 2,000 bfpd and we know the oil / water cut is 93.3% or thereabouts so 6% ish of oil by volume.
We may not get to the full tilt of 6,500 bfpd or even maintain a 6% cut of oil but even 5,000 bfpd and just 4% oil we are still looking at 200 bopd.
Nothing to say it will happen and nothing to say it won't except I will take the rns detail that extra storage water separator tanks are being sourced along with intentions of larger pump jacks / explosive perforation permits as genuine intentions.
I do respect others views but hand on my heart I am actually very happy with the progress being made and accept whilst it is taking a little longer than hoped am very confident we will achieve the 150 bopd target when all 4 work overs completed.
As below Greg, any amount owing to Andalas shall cease to be repayable, they will take this option and raise funds from shareholders against this as they have done time and time and time again, mark my words :)
Furthermore, PBS has granted Andalas an option to acquire a participating interest in the Betun-Selo KSO. This participating interest will provide Andalas with an interest only in any future incremental production from the Betun-Selo KSO (excluding the existing production from Betun-Selo). The amount of the interest will be determined in accordance with the following formula:
PI = WP/(WP+V) x 100%
Where:
PI is the Participating Interest to be transferred;
WP is the total expenditure incurred by Andalas in undertaking the work programme in accordance with Services Agreement; and
V is USD 3,600,000 (three million six hundred thousand United States Dollars) plus the cumulative cash contributions made by CAV to PBS from the effective date until the date of the exercise of the Option minus the cumulative cash distributions made by PBS to CAV from the Effective Date until the date of the exercise of the Option.
The option may be exercised by Andalas at any time up to 6 months after completion of the 4 well workovers included in the Services. On exercise of the option, any amount owing to Andalas shall cease to be repayable. Andalas will be granted security by CAV in respect of sums advanced in respect of the Services Agreement.
Again I refer you to the Lombardier `CLN where they had the facility to drawdown but time and time again choose to place.
Your theory doesn't stack up, the Revenues pays back their £500K investment & they already have a CLN facility to draw funds from.
You post a load of rubbish because you're a Troll
As I said see where the sp is. in 1 week, 1 month etc , rinse and repeat. There will be no revenue, ADL will convert into asset and raise money against it milking investors for their own pockets again.
Share price drops and cue the resident Troll, shares SP usually drops if there's a delay, nothing new there, they are upgrading the infrastructure and awaiting further permits.
Meanwhile they are generating small revenues.
Good Luck All Shareholders
Can buy 7.5 million at under .14 -
5 mill 13.7 & 2.5 mill .139
On the sell side - 1. mill at 0.13 then 5 mill at .122 and 5 mill at .116
I got the opposite view after the rns and for the patient anything below 0.15 could be a buying opportunity, time will tell.
Missed the RNS yesterday, this will start to get hammered now. Sorry. guys.
Slate me all you want but. see where the sp. is in 1 week and 1 month.
I have been warning you all along
Yes, it was mentioned, in one of the podcasts, that the pump jacks (rotations per minute) could also be increased which in turn would increase the barrels of fluid per day. There's still plenty more news to come including a possible Gas conversion for running costs of the wells.
Good Luck All Shareholders
Greg I suppose now its a question of timeline in how long it will take to source the extra water storage tanks and get the explosive permit for site.
We were achieving a 93.7% water / oil cut and if we can process anywhere near 6,500 barrels of fluid per day then it will be an impressive total.
BTN 03 an unknown quantity in that additional multiple zones untested and be interesting to see once perforated what we may or may not have.
Hi Guys,
Happy with the update, they're permanently over the 70bopd threshold, generating revenues everyday and in time will only increase to pay back their £500K investment.
Good Luck All Shareholders
from 2000 bfpd and that's without any production from BTN 03 which has had explosive permits agreed for storage and now need permit for site and also BTN 01 choked back.
After re - reading this is actually a very solid RNS and 150 bopd target should be met but that's my opinion and I am sure others will disagree.
My point is for once ADL have stated what their intentions are ( work overs) and appear to be on their way to achieving that and possibly more. No false promises of grandeur and its not huge, but it's a start.
So 84.8 bopd from 2000 bfpd and we are going to increase to 6500 bfpd which is an increased multiple of 3.25 (325%).
Are we saying that should get us 275 bopd when target was 150 bopd.
Either way looks like target of 150 barrels is easily do able once all water storage separation tanks and pumps in place.
More importantly CAV should be impressed and this may be enough to push us in to a participation deal with further wells and the 33 bcf in Selo.
Solid RNS with update of where we are and what the immediate plans are ( 6500 bfpd)
atb
Ok for me too and is also showing Gregg’s skills for future deals.
To remind you I am 97% down in this bag of sh**
Needs a miracle to make up my loss
Hoping for one but never think it will happen
And don't tell me to average down
You know some of you are stuck as well
And just ramping away
Switch on wall left hand side of exit
Turn of when leaving
Appreciate your candid observations/points double but that was a bit school playground, adds no value to discussion. IMO the twitter feed is the co, have kept an eye on it for a long time. We do seem overdue and update though.
Greg25
Posts: 482
Price: 0.155
Strong Buy
RE: 150 bopd.....Thu 16:36
Hi Guys,
"We aim to be a leading developer of low-risk conventional upstream assets across Indonesia and the UK"
Thanks Cheesy for the tweet heads up.
Looks like update coming, hopefully tomorrow & a good one.
Good Luck All Shareholders.
Exciting Times Ahead Here
Hi Doubleup,
I'm not 100% convinced, it's a genuine Twitter account. Look's amateurish, The tweets are old news and the people they follow are mainly people who trade. Compare it with a company like Block Energy and there's a much more corporate feel.
Having said that, I'm looking forward to the next RNS updates.
Exciting Times Ahead Here
Good Luck All Shareholders