Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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something maybe up...
If there are any leaks they are sending the SP in the right direction,everything crossed for a 7am RNS Monday morning.
3 trades of 1 share one being a UT
agreed, its a waiting game i think
No interest at all... everyone seems to have their positions and we do not trade..
got to laugh at all those a trades
Keep your eyes on the volumes, don't think we will have to wait to long.
We are miles behind the recent move in oil....
Not being sarcastic but there are many conclusions.
1 We haven't had a blowout.
2 The rig is not on fire.
3 The fact that the Offshore supply vessels are in very close attendance could indicate that we are drilling through a hydrocarbon structure.
There are probabley many more.
What is the importance of that? Not being rude but not sure what is normal in these processes.
Things appear to be running smoothly out at Etinde with two Offshore Supply Vessels in close attendance to the Topaz Driller.
Hi all,
I note in the spud RNS on the 22nd May that the, "Company intends to announce the final well results after the end of the drilling and testing operations". Later on in the RNS, they state that, "we look forward to providing an update on IM6 results over the coming weeks".
Looking at the latter wording and given that news could come any day now on an "appraisal well", which will probably significantly increase our asset base (IM7 is the drill with a higher element of risk), I find it very surprising that the s/p hasn’t moved further recently. I’m thinking of dumping some of my GENL/GKP fund into this as it appears a ridiculous price given the impending (and highly probably) good news.
Am I missing something here? Thanks in advance.
"""Confidence about the future of gas is being met with investment, according to a new report published by DNV GL.
The report, titled Transition in Motion, highlighted that nearly two-thirds (64 percent) of 813 senior oil and gas professionals surveyed said their company is either increasing (29 percent) or sustaining (35 percent) their investment in gas projects in 2018. Just 8 percent are planning to decrease gas project spending, according to the report.
DNV GL’s latest publication also highlighted that 86 percent of senior oil and gas professionals agreed that gas will become an increasingly important component of the global energy mix over the next 10 years, and that 44 percent said their organization is actively preparing for a transition to a less carbon-intensive energy mix.
“Gas benefits from being a cleaner power source than other fossil fuels, and with reliable supply and affordable costs we expect solid growth of gas the next 15 years,” Sverre Alvik, program director for Energy Transition Outlook, DNV GL, said in the report.
“After peaking in the mid-2030s, gas use in power is expected to decline from around 2040, by when wind and solar will dominate power supply,” Alvik added."""
https://www.rigzone.com/news/dnv_gl_confidence_about_future_of_gas_is_being_met_with_investment-26-jun-2018-156069-article/?utm_campaign=DAILY_2018_06_27&utm_source=GLOBAL_ENG&utm_medium=EM_NW_F2
One of these days ...........
really volume is crap; if folk where buying it would go up unfortunately they aint
I wonder if we might get a rise here soon as drilling continues, not easy to keep progress and findings totally in house until all the results are all collated without any leaks, loose lips and all that.
They are having a field day here... moving it around finding week sellers choosing where they want it to go...
So what is the situation When does the board expect revenue to flow what is the 3 year financial plan expectations of returns/ divi to shareholders
way the share price is going we will be back into the 20 pence range before any rns :((
0 January 2011
Bowleven plc ('Bowleven' or 'the Company')
Further drilling success with Sapele-1 discovery well
Sapele-1 Exploration Well, Block MLHP-5, Etinde Permit, Offshore Cameroon
Bowleven, the West Africa focused oil and gas exploration group traded on AIM, announces that the Sapele-1 exploration well drilling in the Douala Basin, offshore Cameroon has encountered further hydrocarbon-bearing pay in both the Tertiary and Cretaceous objectives based on the results of drilling, wireline logs, samples of reservoir fluid and pressure data.
The well was designed to intersect multiple stacked objectives of Tertiary to Cretaceous age. Wireline log evaluation indicates all of the five objectives to be hydrocarbon-bearing with net pay confirmed in three, based on fluid samples. The well has reached a current total depth (TD) of 4,539 metres and the intention is to set liner and drill onwards, subject to attaining various approvals, on completion of current logging activities.
Highlights
· All five target objectives indicated to be hydrocarbon-bearing from log evaluation; net pay confirmed in three post sampling.
· Increased oil in-place estimates for Deep Omicron; P90 to P10 now 65 to 430 mmbbls.
· Cross-cut objective encountered 4 metres of log evaluated net hydrocarbon pay.
· Gas condensate encountered in Epsilon Complex validates Cretaceous prospectivity; extends play fairway significantly offshore.
· Further Cretaceous reservoir potential identified; Sapele-1 drilling planned to continue on completion of current logging activities.
· Epsilon Complex volumetrics to be updated following integration and evaluation of extensive well data.
· Preparing for testing and subsequent appraisal drilling/sidetrack activity.
· Group cash at 31 December 2010 circa $190 million; well positioned to fund forward work programme.
Drilling update
The Sapele-1 exploration well location, on block MLHP-5 in the Etinde Permit, was selected to intersect multiple independent exploration targets from the proven Miocene fairway down to the deeper Cretaceous fairway from a single location. This required that a number of the targets be intersected at sub-optimal locations. Consequently, while the well has confirmed the prognosed targets as hydrocarbon-bearing, this is believed to have occurred at the extremities of Lower and Deep Omicron and the Cretaceous Epsilon Complex.
Since the announcement on 25 November 2010, the well, which is drilling in shallow water depths of around 20 metres, has been drilled to a current TD of 4,539 metres and has drilled through the Cross-cut event and into the Cretaceous.
A principal objective of the Sapele-1 well was to prove the concept of the Cretaceous play offshore Douala Basin. The well has now confirmed the presence of reservoir and hydrocarbons in the Cretaceous, offshore Douala Basin, and as a resu
it looks we could hit the mother load of all loads and yet still not have an increase in the share price!!! who buys 60 shares? Twice!!!!
Lots of activity out at Etinde, 4 vessels in attendance and the Rig has just had a visit from the Seacor Cheetah which was there for about 1/2 hour. Could have been crew change or more hopefully testing crew.
fully expect the drills to be very successful; hopefully will make a difference
a few more weeks of this i think , then hopefully good news
this ever go anywhere it like death by a 1000 cuts ; volume been pitiful for ages now