Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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What is going on .....OBA UP AGAIN to 4590 but sp is slipping....
OBA was 3.95 for last 3 days.
stop being misleading. makes the share appear like a boiler room stock.
OBA was 3.95 for last 3 days (2.012 / 5.303 / 4.590).
3.370 average for the month (so far).
Good morning all,
Whilst i do think the positivity is justified and good to see, the enclosed monthly throughout paints a slightly different picture.
It shows a drop off on 26th April to 2,012 barrels then a ramp up to 5,303 and 4,590 over the next 2 days, which tempered the one day drop off. The total average throughput for April thus far is 3,490 bopd, placing average production for Q2 at around 6,000 bopd.
But it is rising. The April throughput figures include the first 2 sluggish days of April, which managed on average just 2,065 bopd. Since then throughput has been consistently much higher but for the 26th April and the average continues tom creep upwards.
http://www.controlhidrocarburos.gob.ec/wp-content/uploads/2019/04/Prod-Mensual-Fiscalizada-29-ABRIL-2019.pdf
97.749 / 29 = what??
@Bigsmoke the April production table states AMER total barrels at 97,749 for 28 days, which should come out at 3,490 bopd.
@Bigsmoke apologies i did not see your replay as we crossed over. The reports are to the 29th April but they run one day behind. Therefore, the 29th April report is for oil pumped upto and including 28th April.
Figures for platanillo going to be a bit choppy if they are taking wells offline while they workover. Then followed by boost as increased production comes online. is what's I'd logically expect to see. Not a big fan of these figures as can be used to manipulate and lack clarity. Some minor use for longer overall trend I suppose. Drill bit progress, rigs and 3rd party more important imho. I would expect some good news before AGM in whatever form as a sweeter ahead of the meeting
Am convinced base Platanillo production levels 3-4k originally advised was deliberately cautious as always risk with any well interventions. We can do little other than to assume daily throughput is now benefiting from the w/o completions as shared in the last ops update. Plat Infill well spud news within a fortnight IMO and announcing OBA throughput at 4-5k. If production is solid from this untapped zone at Pad3N, we could see 4-5k pb (perhaps upwards) comfortably sustained from Plat this year and well into next.
@BBN - ah, my bad. i see the 28 days now. you were right. i was wrong.