Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I got quoted 5.3p just now for dummy sell so they moving upwards..
Should build from here now the traders who thought they could make an instant killing have moved on.
Good prospects on all fronts now.
Bought some more with the slow start this morning. Holding 1.6M shares now ...... My average is still higher than I would of liked. In Hindsight of should of traded in the swings over the past few months.
I think the water cut is offset by the longevity of the wells. The ROI on a well is less than a year, what's the profit if it produces for 20 years?
Key takeaway for me and what I really wanted to see was future licences / projects. This clearly states that they aren't sitting on their hands and have real ambitions. Very encouraged that the Black Sea opportunity was announced in this update and that clearly their relationships with the local has them in the box seat.
Carry on lads, carry on.
You watch this fly once the gas sales permits are in place and that news can be anytime soon.
Also its good to see Bago are already in the process of setting up the infrastructure and this will fly within the coming weeks if not days
Ditto on the Stonking RNS.. Todays SP is irrelevant... PH coming good with plans to be a mid tier oil & gas Co is looking more credible.. GLA LTH's
Some people still believe what PH says with his poor history of Pork Pies!!
Ditto on the Stonking RNS.. Todays SP is not my concern... GLA LTH's
Bottom line is :
Are we or will we be making money?
Is we do then happy days
Looks a good start to me!
Buyers coming in now
Ajw I respect your comments but the water cut off is disappointing, so do you think the packers have not worked, and my opinion on PH hasn’t changed. Why tell us all Bago gas sales in January when obviously that was not achievable. If the bottom of the Rns had stated PH had been sacked then that would have been a positive Rns
Not odd at all it's 8, initial buys traders sell then the real money studies the rns and we will see a movement overtime now upwards. This was objectively great updates on All Wells. Never hope for straight 50 percent up, that never lasts. We want a sustained move towards 10.
Once all the traders are done 8:15 ish then they'll start to buy in around 8:30 ish....my prediction FWIW :-)
PH said Block would become a mid tier Oil / Gas Producer , looks like we are on track.
Yes, extremely subdued reaction. Odd ?
Lol its 8am, you know how this works. Trader's selling news then initial rise. This will go up over time on this rns just relax and sit back.
So far, nobody excited. Surprised tbh.
sellers piling in , WTF 5 % bunch of bell ends
Ha ha smily face replaced with question marks lol
Should know markets reaction shortly ??
Good rns - lets see how the market reacts to PH views and the numbers.!
L2 looks good pre open
The gas is going to be HUGE!
Haywood said:
"We are glad to announce that our development programme is moving full-speed ahead on multiple fronts.
"Our extended production test of WR-38Z has allowed us to thoroughly evaluate the well's performance, and define what we consider to be stable production parameters. WR-38Z promises to be a pivotal well for Block. It has proven our capacity to produce oil and gas at a stable rate from the targeted Middle Eocene formation, and demonstrated the presence of commercial gas at West Rustavi, which our current CPR estimates has some 608 BCF of gross unrisked 2C contingent resources in a number of reservoirs including the Middle Eocene (Gustavson Associates: 1 January 2018). We are working with our Georgian partners to expedite the offtake and sale of gas from the Field. Our gas sales will help meet Georgia's strong demand for energy, to which we are already contributing through regular oil sales.
"We are also excited to announce commencement of operations on well WR-51Z, our third horizontal sidetrack within the past 12 months. We look forward to refining our strategy and programme in light of production at these three wells and the data gathered through our 3D seismic survey.
"Block is hitting the ground running as we enter 2020, implementing an ambitious programme made possible by the team's hard work and the excellent relationships we have developed with our Georgian partners at the local and national levels. Furthermore, we welcome the opportunity the Black Sea exploration tender offers for the further development of Georgia's oil and gas industry. We keenly anticipate updating our shareholders on our progress."